sales & use tax costs are higher than anyone thought

sales tax return activity represents the greatest proportion of total costs, followed by consumer use tax. among all businesses surveyed, the total calculated cost (hours spent multiplied by cost per hour) is $14,811 per month. esb average, $11,968.smb average, $17,672 (48% increase over esb segment.)

 

ripe opportunity for accountants to take over clients’ costly recurring non-revenue-generating back-office drudgery.

by 卡塔尔世界杯常规比赛时间

midsize businesses spend 163 hours per month on tax compliance – costing more than $17,000, according to new research released by avalara, the sales tax automation company. additional findings break down what tax requirements businesses spend the most time and money on.

tax and accounting firms will be most interested in data related to clients’ recurring and significant spending on non-revenue-generating tasks, in tandem with the potential for human error and resulting impacts on compliance.

 

pro-member benefit:
get the complete deck with all the survey findings and analysis below.

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lease accounting hits hard

stream or download the episode. |  follow 卡塔尔世界杯常规比赛时间 podcasts on apple here. | or paste this rss link into the podcatcher of your choice.
podcast: after a brief pandemic pause, new lease accounting rules will get very real in 2022. with ane ohm ceo, founder of leasecrunch after a delay for the pandemic, new lease accounting rules are set to take effect in 2022 and too many firms and companies aren’t ready, ane ohn, founder and ceo of leasecrunch software tells 卡塔尔世界杯常规比赛时间.

eisneramper ceo explains the firm’s private equity deal

卡塔尔世界杯常规比赛时间 podcasts: the next paradigm shift? //www.g005e.com/category/podcast/feed/?cache=clear
stream or download the episode. |  follow 卡塔尔世界杯常规比赛时间 podcasts on apple here. | or paste this rss link into the podcatcher of your choice.
eisneramper ceo charly weinstein calls the firm’s deal to take on private equity a new wrinkle in the profession’s decades-old struggle to secure fresh capital for expansion in an increasingly competitive marketplace.

when private equity invests in cpa firms

what the mega-bucks eisneramper deal means for the profession.

stream or download the episode. |  follow 卡塔尔世界杯常规比赛时间 podcasts on apple here. | or paste this rss link into the podcatcher of your choice.

with dom esposito and anthony zecca

eisneramper’s deal to take on private equity and spin off its attest firm represents a new path forward for firms seeking capital to remain competitive in talent and in technology, according to dom esposito and anthony zecca, two veteran big-firm leaders, in this exclusive 卡塔尔世界杯常规比赛时间 flash briefing webinar. read more →

are you under-pricing your client accounting services?

cas revenues are surging 20 percent, but profits are lagging. discuss.

by 卡塔尔世界杯常规比赛时间

growth in client accounting services appears to be accelerating, but the expansion may underlie simultaneous growth in personnel turnover and trouble in the pipeline of professionals, according to new research.

more: show clients why they can’t say no | your firm needs a cas championhow cas drives virtual cfo billings | lower your costs by 75% with cas | your top six cas questionsthe roi on identifying clients for cas |

the new benchmarking study found a burgeoning median growth rate of 20 percent, nearly double the rate of 2018. net client fees per professional shot up by 17 percent to average $112,293 as cas practices continued to move toward fixed fee and value billing methods.

and apparently, profits could have been even higher.

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avalara buys crowdreason for property tax compliance

deal follows the acquisition of track1099.

avalara, a  provider of tax compliance automation software for businesses of all sizes, is acquiring crowdreason llc, a developer of saas-based property tax compliance applications, as well as a related property valuation and advisory services business to help solve property tax compliance challenges.

acquiring leaders in tax compliance verticals has been core to avalara’s mission and growth strategy since its founding. earlier this month, avalara acquired track1099, which automates the managing, filing, and delivery of irs forms, including 1099s, w-9s, and more. with the acquisition of crowdreason, avalara furthers its mission of being the leading global compliance automation provider.

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lease accounting is about to get very real

> click to play

after a brief pandemic pause, new lease accounting rules will start to hit hard in 2020.

with ane ohm
ceo, founder of leasecrunch

after a delay for the pandemic, new lease accounting rules are set to take effect in 2022 and too many firms and companies aren’t ready, ane ohn, founder and ceo of leasecrunch software tells 卡塔尔世界杯常规比赛时间.

related: google ads for new tax season clientseisner ceo charly weinstein explains the private equity deal   |  a “call to arms” after private equity deal | is that shiny new software your best choice? | survey: office 365 dominates accounting officesmobile devices without batteries? | distributed firms need different tech suitesare scanners out of date?drake takes the cake in tax appszoom tops teams for now  |

the lease standard was delayed by a year, ” ohm says,  “instead of having been effective this past year, it is effective in 2022.”but the world has changed since the rules were first written.

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survey: nobody loves the wayfair decision

nobody.

watching out for wayfair:
calamity or opportunity for accountants?
join the survey. get the answers

 

by 卡塔尔世界杯常规比赛时间 research
卡塔尔世界杯常规比赛时间-avalara business confidence index

in 2018, the supreme court endowed american businesses and accountants with a massive migraine known as the wayfair decision.

more: your best advice: get smart, get tech, get movingsurvey: worries for small business clientsbusy season forecast: more chaospop quiz: can you find $330,000 for your clients?survey: your favorite desktop pc

on the frontlines of online commerce: kridel, stalwart, metzger, saarinen

the 卡塔尔世界杯常规比赛时间 barometer – avalara business confidence index didn’t turn up much love for wayfair. in fact, not one comment spoke well of it. the vocabulary said it all. among the words we heard: burden, headache, pain in the butt, mess, awful, hardship, nightmare, complication, costly, detrimental, wasted time, potentially catastrophic, quagmire.

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your best advice: get smart, get tech, get moving

the new normal: accountants race to adapt, adjust, and adopt new tools and tactics. (卡塔尔世界杯常规比赛时间-avalara accountants confidence index) 

what accountants are telling other accountants about how to weather the pandemic economy.

how well is your firm adapting to current business conditions?
join the survey. get the results.
we’re ahead of the curve   |   we’re keeping up   |   we’re falling behind

by 卡塔尔世界杯常规比赛时间 research
卡塔尔世界杯常规比赛时间-avalara business confidence index

new readings from the 卡塔尔世界杯常规比赛时间-avalara business confidence index are unearthing a lot of good advice for firms venturing into the post- (let’s-hope-) covid-19 world.

related: survey: worries for small business clients |  busy season forecast: more chaos   |  survey: drake takes the cake in tax apps  |  there are 4 types of professionals  |   |  pop quiz: can you find $330,000 for your clients?   |  remote work is here to stay   |  salt: the small business disaster waiting to happen   |   |  survey: cpa firms reject staff vaccine mandates

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in five nutshells:

  1. adapt technology to virtual service.
  2. innovate to deal with government tax and economic measures.
  3. look for cloud-based apps accessible anywhere.
  4. automate to stay competitive.
  5. look for new revenue streams to replace older services.

read more →

survey: worries for small business clients

but they’re optimistic closer to home.

by 卡塔尔世界杯常规比赛时间 research

these are troubling times, no doubt about it. but despite the uncertainties of the covid-19 pandemic, the biden administration, congressional turmoil, and disturbing events around the world, accountants are cautiously optimistic about the future of local business and the national economy.

more in surveys & research: pop quiz: can you find $330,000 for your clients? | automation without accountants | survey: your favorite desktop pc | remote work is here to stay | cpa firms reject staff vaccine mandates | salt: the small business disaster waiting to happen | survey: changed rules bust busy season

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

results from the 卡塔尔世界杯常规比赛时间 / avalara accountants confidence index show deep concern for small-business clients, but generally hopeful that business will continue unchanged or get somewhat better over the next year to 18 months.
read more →

busy season forecast: more chaos

busy season barometer: 53% report a “worse” year, compared with 31% reporting “better.”

ironically, the chaos translates into expanded business.

by 卡塔尔世界杯常规比赛时间 research

it was a pretty bad busy season for most of the nation’s tax preparers. covid-19 was on the wane, but congress was on the job, jiggering tax rules even as the season was underway.

and, now, with the prospects of a federal government shutdown and a multi-trillion-dollar spending bill, 2022 is shaping up to be deja vu all over again.

more in surveys & research: pop quiz: can you find $330,000 for your clients? | automation without accountants | survey: your favorite desktop pc | remote work is here to stay | cpa firms reject staff vaccine mandates | salt: the small business disaster waiting to happen |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

to be sure, a good number of accountants are assuaged by more clients and more revenue. but the 卡塔尔世界杯常规比赛时间 business barometer finds preparers experiencing a long, tough slog.

on the frontlines (from left): hochberger, wright, speed, frazier, widmann.

in all, 53 percent say they had a busy season somewhat worse (27 percent) or much worse (26 percent) than last year.

for some, it seems like a good time to call it quits. “thank you for all the love and support,” says one firm’s auto-responder to incoming emails.

“as some of you may know, this past few tax seasons have been nothing short of chaotic, to say the least,” the three-office, north carolina tax shop tells callers. “but i have enjoyed being able to assist each and every one of my clients.”

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when private equity blows up the cpa partnership

a new financial model changes everything – from competing for clients and talent, to planning for growth and governance.

by dom esposito and anthony zecca

with eisneramper’s sale of a stake in the firm to private equity investors, many cpa firms may be mulling the same difficult questions, such as:

esposito and zecca
  • how does this change our strategic roadmap?
  • what steps should we take if we want to position the firm for a private equity investment?
  • how can we compete in a future without a private equity investment?

more on private equity for cpa firms: analysis by esposito and zecca: private equity the new source of growth capital for cpa firms?  |  analysis by esposito and zecca: how outside capital will remake cpa firms  |  exclusive:  ceo charly weinstein explains the private equity deal   |   flash briefing webinar: a “call to arms” after eisner private equity deal, with dom esposito and anthony zecca   |  eisneramper gets private equity backing |

esposito is author of “8 steps to great: driving success at the world’s largest cpa firms and how to apply the lessons at firms of all sizes.” more by dom esposito here.

zecca is the author of “leading from the edge – the new growth handbook with bonus toolkit.” more by anthony zecca here.

editor’s note: dom esposito passed away shortly after this article was completed. more about his life and career here.

the question is: where do you go from here?

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