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the big issues in audit: frustration, inconsistency, and technology

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businessman pressing a "future" concept button

discussing audit transformation and innovations, one advisor said the field is ripe for technological solutions that allow team leaders to focus on advising clients and help team members streamline processes for automation.

by the center for accounting transformation
improvetheworld.net

in kicking off an inaugural meeting with audit industry experts, donny shimamoto, cpa, citp, cgma, asked the group, “what does the modern or leading-edge audit practice look like?”

related:  top issues: talent, time, and transformation

learn more about the center’s audit advisory board or view the center’s transformation courses.

the group, which met for the first time recently, is the center for accounting transformation’s audit advisory board. shimamoto, who created the center, brought together audit professionals with various backgrounds to help guide strategic direction, services, and program planning for the center, which helps professionals through the adoption and change required to step into the future of the accounting profession.

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21 reasons tax clients fire accountants

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portrait of an angry man yelling on the phonewhat could you be preventing right now?

by ed mendlowitz
tax season opportunity guide

clients have many choices, including the choice of a tax preparer. every new client an accountant gets is because that client left – fired – their previous accountant.

more: 16 traits of the best tax clients | eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up | four issues with ‘quick’ tax questions | when to pick up the phone this tax season | these five procedures will simplify your tax season | 11 steps to better client tax instructions | get your team ready for tax season | 12 ways to squeeze fun into tax season | 6 ways to get paid faster in tax season
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so why do clients leave?

here are 21 good reasons why they should: read more →

5 key principles for accounting firm marketing

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what’s something that continues to evolve year after year?

by katie thomas
leaders online

accounting firm marketing.

it can be hard to keep up with all the changes. just when you think you have it down, google changes its algorithm, or a new social media channel comes to the market.

more in marketing: crafting the perfect proposal  |  nine biz-dev metrics for making partner | the seven-step plan for marketing by spreadsheet  | when you’re the ‘go-to’ expert  | close the sale: getting across the finish line |  cross-selling by spreadsheet |  should you try influencer marketing? |  the case for video marketing |  communication isn’t about you |  why your social media is a flop | the biggest seo secret of all |  turning client service into new revenue |  what sets your firm apart … if anything? |  do you ask the right questions to deepen client relationships? | eat that frog: asking for a prospect meeting

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

there are a few keys that remain consistent and will help you master your firm’s marketing. and that’s what we’re covering in today’s article: five key principles to build your entire marketing strategy around. read more →

how the r&d tax credit has expanded over the years

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portrait of deborah roth
roth

improving your process? you could qualify.

by deborah roth
source advisors

deborah roth is practice leader and managing director in the fort worth, texas office of source advisors.

governments typically incentivize private industry to produce research and development (r&d) as a strategic tool to advance their economies. initially temporary, the federal r&d tax credit became the united states’ primary means for rewarding businesses for investment in research. the path act of 2015 permanently extended the r&d tax credit and expanded its provisions.

more: the nine-point plan for handling §179d
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rapid changes in technology over the past decades have forced most companies to constantly innovate. at every stage, companies encounter technical challenges related to developing new or improved products and trade processes and integrating them with existing assets.
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tax season ’22: working harder for every dollar

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we may be miserable but the money is rolling in.

how does your tax practice measure up?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

for the first time in a long time, the 卡塔尔世界杯常规比赛时间 busy season barometer is picking up signs of optimism among tax practitioners.

optimism! it seems kind of quaint today, like a rerun of mary poppins.

more:  irs tops list of busy season problems |  shut down the tax charlatans | tax pros preparing 46 percent of e-filings | eight quick, easy ways to fix irs filing | for a few: why busy season 2022 beats 2021 | a tax season worse than 2021? | 16 traits of the best tax clients | six fixable problems at the irs | irs under covid: heroes or goats? | irs launches 2022 season with “strong start” | two big (and obvious) ways irs could work with practitioners | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

but mary poppins, cpa, might have a bit of a hangover.

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5 keys to m&a success

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industrial metal number 5learn from the paths of others.

by ira rosenbloom

in 2021, we worked successfully on m&a with firms ranging from $1.5 million to $250 million in annual revenue.

more: 10 steps to a superior tax department | 10 ways to protect your best clients from your competitors | are you overthinking an m&a deal? | how to put the ‘success’ in succession | how covid-19 has changed succession planning | top 10 steps to maximizing profitability
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are five lessons from those transactions to put you on the road to succession success:
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buying a practice from an estate

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businessman looking thoughtfulmake the terms work for you.

by ed mendlowitz
call me before you do anything: the art of accounting

this was precipitated by my hearing of the untimely death of a sole practitioner who was a friend. his family wanted to sell the practice and was shopping around for a buyer.

more: the growing pains of a small firm | giving clients the best you’ve got | secrets in specialties | 10 more reasons cpas quit public accounting | the 10 best movie accountants | when cpas leave to work for a client | when parents, children hit an impasse | wealth is a state of mind | the six types of “impossible” clients
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

he died two and a half months ago and a deal still hasn’t been consummated. another friend who was trying to acquire what was left of the practice has kept me advised of the progress.
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crafting the perfect proposal

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six vintage keyssix keys to turning prospects into clients.

by martin bissett
passport to partnership

what makes a written proposal become accepted by the potential client – every time?

more: nine biz-dev metrics for making partner | how to communicate your value | internal communication can’t be overlooked | communication isn’t about you | 4 top communication habits | the seven levels of communication management
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

proposal writing is a micro-science in its own right but here are the proven principles that it takes to get proposals accepted.
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from senior to manager in 12 quick questions

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what it takes to get promoted.

by marc rosenberg
the rosenberg practice management library

cpa firms have many different titles or positions.

more: making partner: the essential metrics | what makes a partner | want to be a partner? meet these 17 expectations | five reasons not to make someone a partner | yes, you need another partner | six big mistakes in succession planning | what a firm needs from its leaders
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

today, we’ll address the most common:

  • staff
  • senior
  • manager

i often use the term “staff” to refer to anyone who is not at the partner level. this is different from a “staff-level” associate, who typically has only a few years or less of experience in public accounting. but exactly what does it take to advance from staff to senior and from senior to manager?
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staffing crisis: 40% are looking for new jobs

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data chart
adecco group 2022 salary guide

money isn’t the biggest draw.

by 卡塔尔世界杯常规比赛时间

america’s workers are on the move. maybe it’s post- (let’s hope) pandemic restlessness. maybe it’s the closing of companies and the loss of jobs. maybe it’s the windows of opportunity that opened during remote work.

more: the fintech flood: accounting will never be the same | cpa roi doa: why the next-gen accountant won’t be a cpa | matt wilkinson: think small to think big | how to communicate your value  | payroll services rocket with u.s. economy | internal communication can’t be overlooked | top issues: talent, time, and transformation |  the disruptors: re-inventing accounting with tyler anderson |

more in recruiting  & talent management

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

whatever it is, an astonishing 40 percent of workers say they are likely to consider a new job opportunity in 2022, according to the 2022 salary guide issued by the adecco group.
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three reasons to use pros for estates

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jason p. trenton
jason p. trenton: how to avoid family feuds.

family members might not know all the risks.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

being named executor of an estate places many legal and fiduciary responsibilities on that person. an executor is entrusted with settling the decedent’s affairs, arranging for the payment of any income and estate taxes, and distributing the assets of the decedent’s estate.

more: six benefits of family offices | how to profit by being a thought leader | the best wealth coaching candidates | opportunities within covid-19 | clients who prefer obscurity
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in most cases, people choose a loved one or family member to serve as executor.
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unhappy about tax season?

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businesswoman holding green folderit’s time to figure out why.

by ed mendlowitz
tax season opportunity guide

successful people are happy with their practices and what they do and get joy from interacting and helping clients. i know a lot of accountants who continuously complain about tax season – yet they make most of their money during the period.

more: 16 traits of the best tax clients | eight ways to charm a client | plug small leaks before they become big floods | you’re only as good as your last screw-up
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

do they expect someone to knock on their door with a wheelbarrow of money to hand them? if they are financially secure, why do they keep working?
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individual tax refunds up 13%

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irs data chartpros handle less than half of e-filings.

by 卡塔尔世界杯常规比赛时间

six weeks into tax season, 63.5 million individual income tax returns had been filed, down 3.9 percent from the same period in 2021 – the week ending march 11, the latest data available from the internal revenue service. of those returns, 62 million had been processed, up 5.9 percent, pegging the current processing rate at a respectable 97.6 percent.

more: tax pros preparing 46 percent of e-filings | irs launches 2022 season with “strong start”
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

a tax season that began and ends one month earlier than the previous year makes comparisons difficult, with true perspective likely not possible until late may.
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