377 search results for payroll

celebrating the end of tax season 2014

by

pouring champagne

sound off: marking the end of the busy season

congratulations! you’ve survived another season of long nights, saturday workdays, cranky clients, buggy software and cutthroat competition. now it’s time to party, kick back, relax, reconnect and unplug.

the 卡塔尔世界杯常规比赛时间 busy season barometer is hearing it all. here are some of our favorite comments from some of our favorite readers…

join the busy season survey; get the results.
today’s bonus question:
celebration plans read more →

irs bitcoin rule: 5 things accountants need to know

by

item 5: brace for new work.

by hitendra patil
 pransform inc.

you may need to start asking your clients about bitcoin. new irs guidance treats bitcoins and other crypto-currencies not as money, but as property, for tax purposes and applies immediately to all returns. see the full text of notice 2014-21 (pdf).

among other things, the irs advised that:

  • as an employer, if you pay wages in bitcoins:
  • you must report it on a w-2.
  • you must ensure income tax withholding.
  • you must ensure payroll taxes deduction.
  • if you pay contractors and service providers in bitcoins, such payments are taxable and self-employment tax rules generally apply.
  • if you make a payment of $600 or more in a taxable year to an independent contractor for the performance of services, you are required to report that payment to the irs and to the payee on form 1099-misc, miscellaneous income.

read more →

the emotional side of the tax and accounting business

by

five essential skills every successful practice owner needs.

by sandi smith leyva
accountant’s accelerator

there are courses and conferences to help you build the technical skills you need to succeed in accounting. but if you think about it, there is no cpe to help you with the emotional side of your business, and there are plenty of times on a daily basis that the emotional side of business comes into play: read more →

new surge in wages, hours, hiring

by

screen shot 2014-03-10 at 4.08.47 pm
tax, accounting and bookkeeping employment, through february 2014

the u.s. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, according to 卡塔尔世界杯常规比赛时间 sources.

here 卡塔尔世界杯常规比赛时间 reports on:

  • current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry.
  • average hourly wages for key segments.
  • typical hours worked per week.
  • and trends concerning women in the accounting workforce. read more →

seven busy season success secrets

by

tip #5: get paid before filing.

by sandi smith leyva
accountant’s accelerator

here are some fast tips to help you make the most out of busy season, which is when you have the highest amount of your clients’ attention all year long. read more →

two steps to easy upsells

by

by sandi smith leyva
accountant’s accelerator

adding revenue does not have to take much time or money. start by going after the low-hanging fruit.

open excel or your favorite spreadsheet tool, and make a worksheet from the sales numbers in your accounting system. list the name of each current, active client you have in the rows of the spreadsheet. across the top, make columns for each service you offer. for example, if you offer tax, bookkeeping and quickbooks consulting, you will have three columns.

you can break your revenue out any way you like. the more columns, the better.

then, drop in your revenue numbers from your accounting system. in quickbooks, you may be able to run your sales by customer summary to make it faster. you can create the columns by class, if that’s what you use to break out your revenue by service line.

that’s step one, to create your spreadsheet. step two is the fun part.

read more →

49 money-making ideas with outsourced cfo services

by

ed mendlowitz cpa the practice doctor q and a

by ed mendlowitz
“tax season opportunity guide“

question: i have clients that are growing and seem to need more services in house than they can afford and they are leaning on me to set in and provide them. i gather this is an additional engagement and want to know how i can go about it.

response: it seems that the client is crossing the line into a more sophisticated area, but is not able to afford a full-time cfo.

read more →

referral fee to an employee

by

ed mendlowitz cpa the practice doctor q and aby ed mendlowitz
“tax season opportunity guide“

question: i got a new client because of one of my employees. do i have to give her anything?

response: wrong attitude! you should want to give her something. you should be happy that a staff person was able to bring in business.

many firms offer referral fees, bonuses or commissions. i suggest paying 10% of collections for five years, as long as the employee continues to work for you.

read more →

doing as little work as possible

by

ed mendlowitz cpa the practice doctor q and aby ed mendlowitz
“tax season opportunity guide“

question: i have many clients who always expect me to do extra work as part of our fixed fee agreement. how can i get paid extra for work beyond the scope of our agreement?

response: this is a recurring theme, and one that has many answers. one approach: don’t take on the extra work.

here is another approach. read more →

are your clients price-sensitive? maybe it’s you, not them

by

by sandi smith leyva, cpa
accountant’s accelerator

i hear more accountants grumbling every day about how price-sensitive their prospects and clients have gotten.  and they are right, to a degree.  the economy has caused even the rich to count their pennies, and the percentage of people who look at a price tag before they buy has increased over the last five years.

yet studies show that roughly 54% of buyers are not price-sensitive, and i would be willing to bet even more are selectively price-impervious depending on what they buy:  women’s shoes, men’s cars, personal services, jewelry, vacations, cosmetics, and hair, to name a few exceptions.

so why are so many accounting clients and prospects price-sensitive? read more →