today's features

accountants bullish locally, bearish nationally

one-quarter of accountants see trouble ahead for the source of their bread and butter.

by 卡塔尔世界杯常规比赛时间 research

the trendlines 2024 busy season barometer is unearthing a perplexing paradox.

it seems that most cpas think their firm and their clients will do better this year – or at least no worse than last year, which itself was a pretty good year.

more: top performers lead in leverage, culling, outsourcing | auditing standards ‘yellow book’ updated | compensation’s up, but up enough to retain staff? | cpas needed to help small biz adopt ai | survey shows that tech remains the great divide | will unclogging the accounting pro pipeline kill mobility? | accountants bullish on income | survey: which niche’s the best niche?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

at the same time, they tend to see things getting worse for the national economy and small businesses in general.

what’s going on?
read more →

top performers lead in leverage, culling, outsourcing

two hands on keyboard, two hands doing other work with calculator

the causative difference? look at the amount of work delegated downward.

by 卡塔尔世界杯常规比赛时间 research

the aicpa’s 2023 national management of an accounting practice (map) survey has detected some of what distinguishes firms that stand out as top performers.

the survey defines top performers as the top 25 percent of firms based on net remaining per partner.

more: business booming, but not as much as last year | busy season barometer offers clues for better business | end tax season meetings with clients … seriously | ftc nails turbotax for ‘free filing’ scam | can’t irs online accounts be more useful? | taxpayer assistance centers: a good idea that should be better | tax pros are expanding and earning more
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

more, more, more

what makes a cpa firm a top performer? in a nutshell, more:

  • more leverage of partner expertise
  • more culling of clients
  • more cpas in the firm

read more →

when bad news happens to good firms

don’t go spinning out of control.

by bruce marcus
professional services marketing 3.0

editor’s note: 卡塔尔世界杯常规比赛时间 was privileged to have a long relationship with bruce w. marcus, who was ahead of his time in his thinking and practice in marketing for accounting. we are publishing some of the late expert’s evergreen work, which retains wisdom for the present.

every election campaign produces, among other things, media myths and bad language. during the elections of the last two decades, the language was infected by a new myth called spin control. the phrase, which broke a speed record in becoming a cliché after the 1988 election, implies that a good media relations practitioner can control the nature and texture of a story in the press – can put the right spin on it to get the journalist to tell it the spinner’s way.

more: why accountants should be nice to journalists | when there’s a leak in your firm | eighteen things advertising can do for your firm | how and why client service teams work | manage knowledge as a marketing toolsecret marketing formula: get one client at a time | marketing a fixed position in a moving world | how to build a marketing culture | have you planned how to service your new revenue? | why is change so hard for firms? | why value pricing works
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s just not so. for all that the myth implies, when it comes to the media, we propose – but others dispose. thus it was, and thus it always shall be, so long as we have a free press.

but is the telling always accurate? no. is it always fair? no. sometimes, despite all of the public relations professionalism, and despite all the cooperation we may offer the media, the story comes out badly. disaster, dispensed in the aura of a supposedly objective media, doesn’t merely strike, it reverberates.
read more →

client acquisition never stops

nine businesspeople talking in trios at a gathering

six ways to draw people’s interest.

by august j. aquila
price it right: how to value accounting services

a good marketing program never stops marketing the firm. you must always think about acquiring new clients to replace lost ones and to improve the quality of your client base. it’s a fact of life that some clients will move, go out of business, merge or even leave us for another firm.

more: make sure you know what you will get from your marketing | ten questions to refine your successful marketing plan | four questions for choosing your marketing audit strategies | four steps to a successful email marketing campaign | five reasons to implement change orders | make your practice better | eleven marketing strategies for smaller firms | five questions for developing your marketing plan | you only have four strategies | the damage that traditional fee methods do
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

let’s look at some basic client acquisition activities that should be part of your marketing plan. you may be asking yourself, “which ones work?” they all do. the secret of business development is to constantly be in the marketplace because you never know when a prospect is ready to buy from you or to move from their existing accounting firm.
read more →

bissett bullet: make good use of the time you save

today’s bissett bullet: “the cost of cloud-based software or automation tools is no longer prohibitive for smaller firms so if everybody is using them, how do you stand out?”

by martin bissett

if technology is readily available and at a cost that makes it viable for firms of any size, then what sets you and your practice apart from your competitors is the way in which you use the time that the technology saves you, to better support your clients.

today’s to-do:

estimate the amount of time you save in a week in comparison to before you upgraded to your current software. how much of that time do you spend reaching out to clients just to check on them or add value?

see more bissett bullets here

read more →

business booming, but not as much as last year

how does your firm compare?

by 卡塔尔世界杯常规比赛时间 research

if the early results from the 卡塔尔世界杯常规比赛时间 2024 busy season barometer: emerging issues, opportunities, and trends hold true through april, this will be a pretty good year for the vast majority of accountants and tax practitioners – not quite as good as last year, but still, pretty good.

more: busy season barometer offers clues for better business | tax practitioners say happy days are here … again | brandon hall: firms try to make too much on tax prep | if only the irs’s tax pro were useful | id theft a problem for irs even when it doesn’t exist | irs still falling short on service | eight ways the irs can speed up processing tax returns | treasury ig sees progress at irs | how tax practitioners became cybersecurity risks
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

despite difficulties finding staff and professionals, 45 percent of respondents say they have increased their client list by at least 5 percent. (last year, it was 65 percent.)

in fact, 14 percent have seen an increase of over 10 percent. good, but not as good as last year’s 22 percent.
read more →

how to use chatgpt to create images

if you can dream it, chatgpt can build it.

by sandi leyva

chatgpt 4.0 is enabled with computer vision, which means it can derive information from images that you input. it can also create images that you can use in your business.

check out our courses on chatgpt,
offered as a deep discount bundle or separately.
webinar schedule:
more chaptgpt here

here are just a few things i have found when using chatgpt 4.0 for image creation:

read more →

the radical pricing model: start with $25k

deliver more value to clients while freeing your team from timesheets.

by jody padar
the radical cpa

consider the $25k rule.

because this method requires heavy lifting on the front end, a good rule of thumb is to only value-price engagements of $25,000 or more. if the client falls below $25,000, they are eligible for a fixed price or fixed price plus a value add. this rule is important because if your client is a small business, it doesn’t matter how much value they perceive in your services; they will not be able to afford value pricing above a certain level.

more: three critical factors drive the value pricing trend | accounting disruptors are heading your way … with deep pockets | the convergence of trends makes pricing changes imperative | stop looking for talent that does not exist | advisory work must be priced by value, not hours
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

most services are fixed-priced, but based on conversations with the client, those prices may drop or be raised accordingly. some of the data points used to set pricing are the pita factor (pain in the a#%) and the client’s gross revenue.
read more →

busy season barometer offers clues for better business

workers in busy office

take a tip from a peer.

by 卡塔尔世界杯常规比赛时间 research

the 卡塔尔世界杯常规比赛时间 busy season barometer: emerging issues, opportunities, and trends is more than just a survey of the state of the industry at cpa firms across the nation. it also offers clues to what firms are doing to make the busy season better, easier and more profitable.

the clues are in the comments – open-ended answers where practitioners tell us what they’re doing, how they’re feeling and where they’re going.

more: tax practitioners say happy days are here … again | the irs is coming! get your clients into compliance | end tax season meetings with clients … seriously | brandon hall: firms try to make too much on tax prep | eight steps to getting started with ai: a guide for tax professionals | ftc nails turbotax for ‘free filing’ scam | if only the irs’s tax pro were useful | id theft a problem for irs even when it doesn’t exist
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

one of the best questions is “what are you doing differently this year?” each answer reflects an attempt to make the best of a stressful situation – the annual tax season.

here are a few quotes to think about, categorized by how well various respondents’ seasons are going this year. each is an idea that might make your year better.
read more →

tax pros take the edge in e-filings

data table

refunds up 5+ percent.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the machine that is the internal revenue service keeps clicking along. as of march 15, the irs had received 71.6 million individual income tax returns, down 0.4 percent from the same period in 2023, and had processed 70.6 million, down 1.2 percent.

more: tax pros handle 46.4% of e-filing | tax refunds, tax pro market share trending up | refunds up as tax pros tackle 41.5% of e-filings | tax pros handle 37.7% of e-filings | tax pros file 33% of early returns
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

e-filings

electronic filings totaled 69.5 million, down 0.3 percent.
read more →

lenovo readies new thinkbook laptop with a transparent display

 

will see-through screens become the latest trend? 

by rick richardson
technology this week

lenovo’s translucent laptop is said to revolutionize laptop design. but until the company can demonstrate how useful this is compared to more conventional models, the novel idea risks being dismissed as a gimmick.

more: breakthrough implant uses excess blood sugar to generate electricity | one state is now america’s clean energy paradise | did ancient romans find a solution for climate change? | telehealth advances with ai-powered clinics | fcc approves superfast wi-fi tethering | bill gates says america has a math problem | what is an heic file? | bill gates behind next-generation nuclear plant | congress: tax prep companies shared private data with google, meta for years | what an a.i.-powered workforce means for accountants | smartwatch saves two lives
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there are rumors that lenovo will present the world’s first transparent laptop at the mobile world congress in barcelona this month. according to leaked photos obtained by windowsreport, the laptop may have a see-through keyboard and display, introducing transparent technology to pcs for the first time. read more →

are you correctly identifying the relevance intersection?

you may be prioritizing the wrong factors. that could cost you clients. worse, it could make you and your audits irrelevant.

by alan anderson, cpa
transforming audit for the future

if we can’t demonstrate to our clients that our work is relevant, then the audit will go the way of the dinosaur. relevance underpins the other attributes.

relevance is not a one-time event. it’s a continuous process, woven through everything your firm does. you build it one step at a time. this should be done with every audit, so this becomes core to the fabric of the firm’s culture.

more: lack of relevance drives audit commoditization | five crucial attributes for successful audit leadership | traditional audits don’t deserve premium billing | four basic understandings every auditor must master | put the ethics code to work for your clients and your firm | turning audit & accounting into assurance & advisory | wanted: great audit mentors | is audit in crisis because of definitions? | stop sending the wrong message to audit teams | closing the audit expectations gap
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

without understanding what’s relevant to the client, we can’t practice business-mindedness and help improve our client’s business. with an understanding of the relevance and how the standards impact the client’s business and industry, the quality of audits goes up. relevance helps you evaluate innovative audit methodologies because you understand how they can be used to obtain the required audit evidence. finally, relevance empowers your staff to do their best work because audit isn’t reduced to filling out endless checklists.

but what does relevance mean?

read more →

how to raise your rates

clients who complain aren’t walking away, just haggling.

by ed mendlowitz
202 questions and answers: managing an accounting practice

question: i haven’t raised my fees in three years. how do i suddenly go about it now and how much should i raise them?

more: courting a client? don’t give too much away for free | how to start providing family office services | every accounting firm needs quality control | no one listens to you? change how you talk | 47 types of business valuation to provide | thirteen things to consider before you sell your practice | uncooperative partner might not be the problem
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

also, i have many business clients where the individual returns are done as part of the yearly service with extra billing. how can i start charging for this?
read more →