clientele and revenues rising, but …

… is expansion cutting into profits?

by 卡塔尔世界杯常规比赛时间 research

client rosters, revenue and profits all seem to be rising, according to the 卡塔尔世界杯常规比赛时间 busy season barometer – and rising more than expected.

more: should tax preparers be certified competent? | have no fear, april is here | survey: busy season looking good | on business outlook, cpas are confident … and concerned | tax pros offer advice for small businesses | busy season barometer finds many cpas in transition | more cpas see worsening economy | has early tax season optimism peaked?
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most impressive, and curious, is the radical rise in numbers of clients. for 22 percent of respondents, clientele has expanded by more than 10 percent. another 43 percent have seen increases of 5 to 10 percent. only 13 percent have seen any significant decrease.
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have no fear, april is here

most early fears were unfounded. but not all of them.

by 卡塔尔世界杯常规比赛时间 research

the 2023 卡塔尔世界杯常规比赛时间 busy barometer has detected a clear sign that this year’s tax season is working out better than expected … or should we say better than feared?

more: survey: busy season looking good | on business outlook, cpas are confident … and concerned | tax pros offer advice for small businesses | busy season barometer finds many cpas in transition | more cpas see worsening economy | has early tax season optimism peaked? | marchternity: just say ‘no’ | marchternity: the solution is community | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?
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comparing the barometer’s early results with those near the end of the season, we see that the fears of many practitioners were unwarranted. the fears of february are quite different from the experiences of march.
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why vc is a bigger threat than ai

how big money could change everything.

by seth fineberg
at large

here is some truth, at least that i believe, accountants need to know: accountants in practice today, particularly firm owners, should be more afraid of venture capital entering the profession than ai or any like form of automation. a bold statement, i know but stay with me and see if you agree.

more seth fineberg: what does taking control of your firm mean? | accountants need each other more than ever | marchternity: just say ‘no’ |

some thoughts on in-person events | so you think you know accountants? | what bogs down accountants

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at the core of this viewpoint is how i believe the two will, respectively, impact the profession at large. the major difference, to me, is that one has the potential to help the profession move forward while the other could change its dynamic for the worse.

read more →

jackie meyer: be a problem solver, not a number cruncher

jackie meyer: redefine your boundaries and stop conforming to inappropriate behaviors.

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the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

jackie meyer is a fan of value pricing and niching your practice. her favorite area is tax planning, which doesn’t require a huge investment of time to provide huge financial benefits for clients.

her own firm tripled revenues by focusing on tax planning.

more: randy crabtree: follow these three rules to keep employees happyerik solbakken: yes, you can work less and make more | donny shimamoto: future firm growth requires a mindshiftjennifer wilson: empower young workers to build the firm everyone lovesmike whitmire: re-think your hiring and training practiceshector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be freeprivate equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinsonwhen financial statements go extinct with corey schmidtcan geraldine carter save accountants from themselves?re-inventing accounting with tyler anderson

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firms that focus on low-volume, highly-niched areas solve several problems at once.

read more →

dustin verity: keep an open mind and constantly learn

tech allows small to mid-size firms to provide better cas.

^ click to play video | > play the podcast and follow 卡塔尔世界杯常规比赛时间 podcasts on apple podcasts here or grab the rss feed here.

transformation talks
with bill penczak
center for accounting transformation

center for accounting transformation
center for accounting transformation

dustin verity admits to being cautious. he also admits to being a technophile.

in the latest episode of transformation talks, the cpa explained being conflicted between his obsession with playing with the latest technology and finding the right fit for his firm.

more: secret to success? a growth and abundance mindset | o.d. lanier: stepping into advisory | from tax to transformation | early adopters gain an edge in audit | why the future is in risk advisory | four strategies for a future ready firm
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i’ve always been interested in technology and, and you know, efficiencies,” verity said, always wanting to know how his firm could produce more and work more efficiently. “that means less hours that we have to spend in the office ourselves.”  read more →

clayton oates: one way to keep clients for life

play the infinite game and 11 more takaways

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).

the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

“we’re ultimately in the people business. we’re in the relationship-building business. we just happen to do accounting.”

that’s how clayton oates, the founder of qa business, views the accounting profession.

more: randy crabtree: follow these three rules to keep employees happyerik solbakken: yes, you can work less and make more | donny shimamoto: future firm growth requires a mindshiftjennifer wilson: empower young workers to build the firm everyone lovesmike whitmire: re-think your hiring and training practiceshector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be freeprivate equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinsonwhen financial statements go extinct with corey schmidtcan geraldine carter save accountants from themselves?re-inventing accounting with tyler anderson

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

oates also believes accountants can choose whether they are playing a finite, zero-sum game with clients or the infinite game, which continues forever and results in an abundance forever mindset with clients, who will then be your clients for life. 

read more →

on business outlook, cpas are confident … and concerned

accountants forecast a dreary, difficult 12-18 months ahead. with the exception of the promise held in leveling up tech stacks and seizing on automation.

what’s your opinion? how’s your practice doing? what are your concerns? 
take the five-minute busy season survey and contribute to the professional discussion.

fewer accountants = larger client lists.

your best advice for small businesses? taylor: “understand your financials, know your kpis, and you’ll inevitably thrive in any recession. do not hire employees unless you have a clear plan for how hiring will benefit you.” stocker: “monitor results. hang in there! this too shall pass.”

by 卡塔尔世界杯常规比赛时间 research

cpas and tax practitioners tend to know what’s happening in business. more than any other professionals, they have their fingers on the pulse of companies large and small. they understand numbers, they listen to their clients and they have the wherewithal to see where micro- and macroeconomies are headed.

more: at the irs, short on staff means short on service | tax pros offer advice for small businesses | has early tax season optimism peaked? | why the irs is still doing data entry by hand | how bullish are you this tax season? | tax season 2023: better or worse?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

when the 20223 cpatrendlines busy season barometer survey asks cpas and tax practitioners about the business and economic outlook from their view in the trenches of american business, the responses show a curious contradiction.

generally speaking, the earliest respondents are confident at the micro level – their own firms and families – but less so for their clients. they are notably concerned about the macro level – the national economy and the outlook for small businesses in general.

read more →

at the irs, short on staff means short on service

guess who suffers?

by 卡塔尔世界杯常规比赛时间 research

it probably won’t surprise the average tax practitioner to learn that in the american customer satisfaction index of federal agencies, the internal revenue service ranks dead last.

more: tax pros offer advice for small businesses | busy season barometer finds many cpas in transition | marchternity: just say ‘no’ | news on irs is maybe sort of a little bit good
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it accomplished the same dubious rank in forrest research’s u.s. customer experience index of 221 companies and federal agencies.

two sad things about this:
read more →

more cpas see worsening economy

… especially for small businesses.

by 卡塔尔世界杯常规比赛时间 research

accountants have a unique view of economies – local, national and micro. more than anyone else, they scrutinize numbers, the real numbers, the numbers that real companies and real families report. they see what’s really happening in black and white … and red.

more: has early tax season optimism peaked? | marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

and what they’re seeing now, in terms of economics, according to latest results from the 2023 cpatrendlines busy season barometer, doesn’t look good.

the economic future didn’t look good when the first responses came in, and now it’s looking a little worse.
read more →

irs processing returns as fast as it gets them

data tablerefund numbers up 20+ percent, but average amounts still down.

by beth bellor
卡塔尔世界杯常规比赛时间 research

has the internal revenue service been bingeing nascar videos? the agency put the pedal to the metal in processing individual income tax returns, with an incredible current rate of 99.8 percent.

more: only 39% of tax returns filed by pros | tax season opens with refunds up 85%
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as of feb. 17, the latest data available, the irs had received 36.9 million individual income tax returns, up 2.6 percent from the same period in 2022, and processed 36.8 million of them, up 9.9 percent.
read more →

has early tax season optimism peaked?

add your thoughts.

by 卡塔尔世界杯常规比赛时间 research

tax practitioners were looking a bit optimistic last month, according to the early results coming in to the 2023 cpatrendlines busy season barometer.

more: marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but as the second wave of responses comes in, the early-bird optimism seems to be waning.

what’s happening?
read more →