13 reasons timesheets will never die

ed mendlowitz

nor should they.

by edward mendlowitz, cpa
partner, withumsmith+brown

time sheets are an essential part of any professional services organization. some people contend that they should not be maintained since they should not be the basis of any pricing – that fees should be solely based on the value to the client. i disagree.

editor’s note: timesheets, billing, cost accounting, value and pricing strike at the core of the accounting firm business model. for more on the topic, see:
14 steps to find the right “value price,” by bruce w. marcus
you may be value-billing but don’t know it, video with terry putney
why the next boom could be the worst thing that ever happens to accountants, with ron baker

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the top 12 tax return preparation errors

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ed mendlowitz, cpa and partner at withum cpas in new brunswick, n.j., has survived more than 40 tax seasons and built a thriving book of business.

he knows a thing or two about how to run an office in busy season. over the years, he has compiled this handy list of the most frequently found errors in tax return preparation:

1. number transposition and spelling errors. this includes income and deduction amounts and client social security numbers, addresses and zip codes. spelling errors should also be avoided – they indicate a lack of attention to what you are doing. read more →

pro member bonus: tax season checklists from ed mendlowitz

tax season checklists

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more than 40 tax seasons distilled into 66 essential tools, tips & techniques
by edward mendlowitz, cpa, abv, pfs
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