卡塔尔世界杯常规比赛时间

today's features

nine tips for a healthier tax season

how to be at your best through april 15th.

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

tax season can be a marathon. everyone has their own tips and tricks, habits and techniques for staying sane and healthy. here are 10 of mine:

more: every accounting firm needs quality control | three ways to start an accounting practice | free consultation? not always | referral fee? forget it | how much is your tax practice worth? | merge in lower-priced work without losing out
exclusively for pro members. log in here or 2022世界杯足球排名 today.

eat lunch out of your office.
go for a 15-minute walk in middle of afternoon instead of eating a snack.

politics & government

id theft a problem for irs even when it doesn’t exist

either way it consumes scarce resources.

by 卡塔尔世界杯常规比赛时间 research

tax return identity theft’s a bummer.

how big a bummer?

so big that even when there’s no theft, it’s a bummer.

more: the nightmare of non-credentialed tax preparers | taxpayer assistance centers: a good idea that should be better | irs still falling short on service | must the irs be a dark hole? | 10 tips to the irs for beefing up staff | eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | ten irs problems that need solutions | treasury ig sees progress at irs | vcs plunk $60 million into ai-powered ‘autonomous’ tax prep
exclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s a bummer when it happens, not only because it happened but because the internal revenue service can take up to 19 months to recognize the problem, do something about it and send the hapless taxpayer a refund not for this year’s return, not for last year’s return, but for the year before last.

and it’s a bummer when there’s no theft involved because when the irs’s rickety technology flags a return as a possible id theft, the return gets delayed for months and months of manual processing.
read more →

pro member exclusive

what could accounting-specific ai bring?

new tools are being built for finance. how can accountants best leverage them?

by hitendra patil
rise of the aiccountants

bloomberg released a research paper detailing the development of bloomberggpt, a new large-scale generative artificial intelligence (ai) specifically trained on a wide range of financial data to support diverse natural language processing (nlp) tasks within the financial industry.

more: how to use the three types of artificial intelligence | ai means clients need you more than ever | seven changes ai brings to accounting | humans beat ai in some aspects | why accountants should embrace artificial intelligence | ai brings opportunities for accountants | seven things you must know about ai
exclusively for pro members. log in here or 2022世界杯足球排名 today.

according to bloomberg, “the team pulled from this extensive archive of financial data to create a comprehensive 363 billion token dataset consisting of english financial documents. this data was augmented with a 345 billion token public dataset to create a large training corpus with over 700 billion tokens. using a portion of this training corpus, the team trained a 50-billion parameter decoder-only causal language model.”

imagine how long it will take for a human being to grasp that volume of data!
read more →

pro member exclusive

you don’t have a time problem

three ways to fix what’s actually going on.

by sandi leyva
the complete guide to marketing for tax & accounting firms

i know it’s a bold statement and a lot of you will disagree. but please have an open mind and hear me out.

more: ten ways to have more energy this tax season | are you crossing off your business bucket list? | ten ways to make your business irresistible | five ways to target the low-hanging fruit | are your revenue projections realistic? | six strategies to make more without working more | the art of prompt engineering for accountants | calculate your business relationship ratios
exclusively for pro members. log in here or 2022世界杯足球排名 today.

time is the great equalizer. we all have the same number of hours in a day, yet some entrepreneurs, many of them self-made, become wildly successful, while others languish. only one in 20 business owners in the u.s. make it past $1 million in annual revenues. i believe the way they use their time is a big factor in their success or failure.
read more →

politics & government

the nightmare of non-credentialed tax preparers

six solutions offered.

by 卡塔尔世界杯常规比赛时间 research

are you a sleazy, incompetent, unethical tax preparer?

if so, no problem! not for you, anyway. your clients might suffer, but as far as the internal revenue service is concerned, you’re as qualified to prepare other people’s taxes as any cpa or enrolled agent.

more: taxpayer assistance centers: a good idea that should be better | irs still falling short on service | must the irs be a dark hole? | 10 tips to the irs for beefing up staff | eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | ten irs problems that need solutions | tax pros are expanding and earning more
exclusively for pro members. log in here or 2022世界杯足球排名 today.

and that’s a problem.

a wild west environment

tax preparers good and bad prepare over half of the country’s individual income tax returns. they play an essential role in tax administration, and they are a frontline defense in preventing fraud and error.
read more →

management

why strategic thinking impacts your firm’s future

what do “disturbing the present” and “paradigm shift” really mean?

by marc rosenberg
the rosenberg practice management library

roberto goizueta, the late chairman of coca-cola, and certainly one of the top two or three ceos of the last 30 years, said it best: “challenging the status quo when you have been successful is difficult. if you think you will be successful running your business in the next 10 years the way you did the last 10 years, you’re out of your mind. to succeed, we have to disturb the present.”

more: seven things good firms must do | five ways to separate accounting winners from losers | core values: why your firm needs them | voting on ownership basis? three better methods | fifteen big questions for your next strategy session
exclusively for pro members. log in here or 2022世界杯足球排名 today.

compared to most vocations, cpa partners make a pretty good living. their success has been attributable primarily to a combination of the following:

bringing in business
providing great service to clients, which results in client retention and moving clients upscale in terms of services
strong technical skills
developing staff into leaders
strong interpersonal skills

pro member exclusive

the top 12 mistakes in tax return preparation

there’s good news, though: they’re preventable.

by ed mendlowitz
tax season opportunity guide

here are the top 12 tax return preparation errors:

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.

more on tax season: six types of person: which are you? | answer these two questions first | help your tax clients, help yourself | what’s your value to your tax clients? | are you excited about tax season?
exclusively for pro members. log in here or 2022世界杯足球排名 today.

unreported 1099 income. clients frequently leave out 1099s, but the preparer should make sure all 1099 items from last year are accounted for. missing 1099s that were not final for last year should be accounted for.
tax payments. entering incorrect and unpaid amounts can be avoided by requiring the client to provide “proof” of the payments. entering “incorrect” amounts provided by the client is a major cause of tax notices.

advisory & consulting

how to craft a service level agreement

bonus: a sample checklist.

by penny breslin
it’s not just the numbers

anytime there is a business relationship between entities, expect to see a contract or some form of written agreement. in outsourcing, as in many other relationships, this is called a service level agreement (sla). this agreement is used to establish the scope of the engagement. it clearly states who is responsible for what, when, where and how. it provides a quid pro quo that you can verify with the business owner(s), so that both parties are fully aware of their obligations.

more: three examples: pricing your bos value add | how to assess needs for a client proposal | best practices for source doc permissions and handling | every back office support client needs a playbook | strengthen client ties with workflow tools | understand your online marketing options | narrow your prospects by choosing a vertical | build your team, then choose your clients | how back office support adds value
exclusively for pro members. log in here or 2022世界杯足球排名 today.

the important thing is to go through each function and each area with the business owners(s), have them read it with you together and check off each item so that they are clear on what you expect from them, and so you are clear on what deliverables you are promising.
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politics & government

taxpayer assistance centers: a good idea that should be better

a modest proposal.

by 卡塔尔世界杯常规比赛时间 research

taxpayer assistance centers are a great service for the tens of millions of taxpayers who can’t afford the professional help of a tax preparer. they offer a chance for a taxpayer to sit down with an actual human being who is prepared to help.

more: irs still falling short on service | must the irs be a dark hole? | irs plays whac-a-mole with the phones | vcs plunk $60 million into ai-powered ‘autonomous’ tax prep | how tax practitioners became cybersecurity risks
exclusively for pro members. log in here or 2022世界杯足球排名 today.

among the services tac staff can help with are:

account inquiries (help with letters, notices, levies on wages, etc.)
adjustments and changes to tax account information
basic tax law assistance
acceptance of cash payments

management

it’s time to prepare the next generation

they’ll learn from someone. shouldn’t it be you?

by martin bissett
business development on a budget

if you are a partner in your firm, you may already have asked yourself the all-important question: how can i successfully retire and have someone else take over the firm?

more: walk the commitment walk | don’t let recurring fees kill your practice | rate your personal purpose | six keys to getting a proposal accepted | tell the world your worth | four surprising keys to communication | 10 can’t-skip steps for business development | attract clients, don’t chase them | success in business comes second | business won’t come to you | forged in fire: the pains of leadership | 10 questions for reconsidering your prices
exclusively for pro members. log in here or 2022世界杯足球排名 today.

the partner who has a satisfactory answer to that question is the one who is committed not only to developing business and building the firm on a regular basis, but also to developing and preparing the next generation of professionals in the firm.
read more →

pro member exclusive

did ancient romans find a solution for climate change?

a cement alternative has the potential to reduce emissions by roughly 40 percent.

by rick richardson
technology this week

all roads lead to rome, as they say. as the building sector struggles with climate issues posed by concrete, some engineers believe a roman-era invention may provide the solution.

more: tack one launches new location tracker for children and seniors | mit tests new ingestible vital signs sensor | study: solar will lead global energy by 2050 | new tech could let evs go 3,000 miles on a single charge | ai + mri = diseases that doctors might miss | your boarding pass could onboard hackers | the first police officer on the scene might be a drone | research: accounting pros cautiously optimistic about generative ai
exclusively for pro members. log in here or 2022世界杯足球排名 today.

speaking at the climate smart engineering conference in melbourne, durability engineer miles dacre of the consulting firm aecom notes that concrete emissions are under more and more scrutiny.

pro member exclusive

every accounting firm needs quality control

the lowest cost always comes when the person first performing the service does it correctly.

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

question: i want to improve my firm’s review and quality control. do you have any suggestions?

response: this is a recurring issue for most firms. every cpa practice needs quality control. the issue is whether a dedicated quality control (“qc”) person is needed and, if not, how the qc can be done without one.

more: three ways to start an accounting practice | fifteen strategies for first-time supervisors | no one listens to you? change how you talk | free consultation? not always | measure knowledge gaps (then close them) | 47 types of business valuation to provide | referral fee? forget it | should you offer financial services? | thirteen things to consider before you sell your practice | how much is your tax practice worth? | ready to retire? selling your practice is no strategy | uncooperative partner might not be the problem | merge in lower-priced work without losing out | 20 things you need for a business valuation
exclusively for pro members. log in here or 2022世界杯足球排名 today.

a practice is a business and every business must be run efficiently and profitably. qc is an area that i have found many firms getting tied up in and either spending nothing or much more than they should.
read more →

advisory & consulting

four attributes your experts need

plus more tips on building your team.

by anthony glomski
your $5 million high-net-worth practice

take a look at the chart above showing an example of the type of professional network to use in your client’s financial life. you can see that the personal cfo is at the center, acting as the coordinator of the team and the single point of contact. his or her primary relationships are with the four other core experts: private client lawyer, accountant, life insurance specialist and the property and casualty agent. these team members then have relationships with the other types of specialists you may need from time to time.

more: your wealth management team needs these five people | wealth management calls for a team of experts | see your client to a graceful exit | check tax effects before liquifying | why you should function as a fiduciary | your entrepreneurs need advice, but which kind?
exclusively for pro members. log in here or 2022世界杯足球排名 today.

finding the right people to help

if you are building your own expert team from scratch, you will need to do your homework and identify good candidates in the key areas in which you need help.
read more →