covid-19

client accounting services poised to surge in post-corona world

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seven covid-driven deliverables clients need today.

six-minute survey:
what’s your opinion of client accounting services?
yes. we’re doing it.
no. but we’re considering it.
no. and we’re not considering it.
no. we’ve tried it and dropped it.
huh? what’s “client accounting services?”

by hitendra patil

coronavirus caught the entire world totally unprepared for its aftermath. the impact on economies is unfathomable. accounting firms are not immune to this unprecedented situation.

more on client accounting services:  20 ways to grow your firm in 2020 | ‘found money’ delights clients  |  is client accounting services overhyped? | 3,771 accountants help uncover cas success secrets

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

but, “same as last year” or “as always” will not work for accountants in the immediate and distant future. if you haven’t yet done so, it is time to start thinking about how are you going to overcome the crisis, and even thrive in the near future and beyond. especially important is to think about how client accounting services (cas) will emerge as a much-required and more valuable than ever service accountants can provide.

what are accountants doing now?

so, other than helping clients obtain small business loans and apply for paycheck protection program (ppp) benefits, what are accountants doing now? based on daily conversations with accountants over the last six to eight weeks, here are some core focus areas of accountants: read more →

clients, revenues, profits – trending down, down, down

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eckelkamp, neilson, blank: clients late, clients new, clients in need

pandemic cuts profits at 42% of firms, client numbers off at 29%, and revenues down at 38%.

the 卡塔尔世界杯常规比赛时间 business barometer
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

like just about every other business in the world, cpa practices are hunkering down for a year of hard times. yet a third of them think they can buck the odds and see some increase this year.

more:  saving 10,000 businesses from the covid crash  | the seven factors keeping accounting firms afloat amid covid-19 [survey results] |  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

back in the bullish days of february, the 卡塔尔世界杯常规比赛时间 2020 busy season barometer was reflecting expectations of more clients, burgeoning revenue, and increased profit, with a medium-chance of more extensions.

but these bearish days see most practitioners expecting a year stagnant at best and quite likely worse than stagnant in all benchmarks of success.

read more →

andrew argue is on a mission

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to help accountants save 10,000 businesses in the battle against the foundering economy.

by 卡塔尔世界杯常规比赛时间

andrew argue is on a mission – a mission to help accountants save 10,000 businesses from the covid business crash.

his practice development training platform, accountingtax.com, has built a covid-19 “wartime response plan” for tax and accounting firm by providing results-focused training, accountability, and technology, argue tells 卡塔尔世界杯常规比赛时间.

more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] |  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

to be sure, argue comes with some controversy. clearly, he has helped thousands of accountants increase their revenues, and spawned a flock of former students who have launched their own look-alike programs. but, just as clearly, he has his detractors. for one thing, he asserts having a cpa license, or even a college degree, need not be an impediment to success in tax and accounting. his teaching methods are assertively challenging. and his focus on aggressive internet-focused marketing rubs some traditionalists the wrong way.

today, he’s focusing his training for accountants on at least 12 areas: read more →

3 questions for determining your value

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handshakehow necessary are you under covid?

by ed mendlowitz
tax season opportunity guide

know your value to your clients. better, understand your business and what you really do and what you add to the client’s life.

more: help your clients and yourself | ask this before clients do | more services for your tax clients | can your reviewers answer these 10 questions? | 5 small leaks that can sink a tax season | one can’t-skip touch for tax season | 3 steps to tax season happiness
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

i had a group of gastroenterologists as clients who were going to get into a business of inserting a gastric bubble into people’s stomachs. there were a number of issues to this.
read more →

covid crushes rosey forecasts

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survey shows hopes for a smooth and profitable 2020 are destroyed by a floundering economy.

卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

the resilience of the coronavirus and the continued spread of covid-19 has accountants shifting the focus of their concerns.

more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] |  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

ages ago—back in february, b.c. (before covid)—the 卡塔尔世界杯常规比赛时间 2020 busy season barometer survey found that out of 14 common concerns, economic conditions were of the least concern, the bottom of the list, worrying just eight percent of respondents.

covid changes everything.

read more →

the seven factors keeping accounting firms afloat amid covid-19

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and the top five survival strategies, according to 卡塔尔世界杯常规比赛时间 research.

confirmed cases. source: jhu.edu

卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

under the historically unprecedented pressures of the covid-19 pandemic, u.s. accounting firms large and small are adapting as fast as they can—or rather, as fast as they must.

more:  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

practitioners are striving, struggling, scrambling to do what they have always done, and on top of that, to learn what they never knew in order to serve clients as in ways they needed to before.

less than three months from when the first cases were reported, the pandemic has taken the lives of over 70,000 americans and is approaching 3,000 deaths a day. while the pandemic has been a shock to the economy, tax and accounting practices appear to be maneuvering through it better than many other businesses.

read more →

feeling the pain? the biggest job losses by client sector

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jobs survey pinpoints client niches suffering the most under covid. bonus: infographic.

卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

private sector employment decreased by 20.2 million jobs from march to april according to the april adp national employment report, and that doesn’t reflect the full impact of covid-19.

a quick scan of the data shows the hardest hit client sectors, with the smallest businesses hit particularly hard.

more staffing and hiring trends:  planning for the coronavirus recession |  automation and the future of accounting  |  getting and keeping the best: the struggle continues |  headcounts dip by 3,500 in tax & accounting |  creative perks for remote employees |  what staffing shortage? |  hiring trends flash warning signs of slowdown in tax & accounting |  salary survey: top skills getting top pay

see: all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage

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

“job losses of this scale are unprecedented. the total number of job losses for the month of april alone was more than double the total jobs lost during the great recession,” says ahu yildirmaz, co-head of the adp research institute. “additionally, it is important to note that the report is based on the total number of payroll records for employees who were active on a company’s payroll through the 12th of the month. this is the same time period the bureau of labor and statistics uses for their survey.”

the details by company size and business sector:

read more →

tax season pivots to covid rescue season

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shifting from tax prep to covid relief: karyn vaughn, deann hill, and joanne bryson.
shifting from tax prep to covid relief: karyn vaughn, deann hill, and joanne bryson.

it ain’t pretty: 62% of accountants switch outlook from “better” to “worse.”

busy season barometer
how’s covid-19 impacting accounting firms?
join the survey. get the answers.

by 卡塔尔世界杯常规比赛时间 research

the sentiments of accountants this busy season have been as up and down as the dow jones.

more on tax season: how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

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

the year started off on an optimistic note. but by the time the coronavirus got real, all hope had been abandoned.

read more →

irs web traffic doubles over year-ago

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data chart
^ data for the week ending april 24, 2020

as filers seek stimulus checks.

busy season barometer
how’s covid-19 impacting your firm?
join the survey. sound off. get answers.

by beth bellor

want a bright spot in the irs’ weekly updates on tax filings? it’s website traffic, more than double what it was a year ago.

more: covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

everything else? a sea of red.
read more →

planning for the coronavirus recession

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if past recessions are any guide, the profession could lose up to 100,000 jobs.

busy season barometer:
bracing for the coronavirus recession
join the survey. get the facts.

by beth bellor

the tax and accounting profession was adding new jobs at a rate of 2.3 percent per year before the coronavirus outbreak, according to 卡塔尔世界杯常规比赛时间 research.

see: all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage

more staffing and hiring trends: automation and the future of accounting  |  getting and keeping the best: the struggle continues |  headcounts dip by 3,500 in tax & accounting |  creative perks for remote employees |  what staffing shortage? |  hiring trends flash warning signs of slowdown in tax & accounting |  salary survey: top skills getting top pay

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

but with a new recession looming, 卡塔尔世界杯常规比赛时间 estimates the profession could lose up to 100,000 jobs and take up to seven years to recover.

the latest data available show more than a million employees in the profession, and growing at about 2,800 new jobs per month. at the same time, wages are hitting record highs.

but with the coronavirus crisis threatening a new recession, 卡塔尔世界杯常规比赛时间 conducted a long-term, 30-year analysis, focused on the job losses caused by the dot-com crash of 2001 and the financial meltdown of 2007. from the analysis, 卡塔尔世界杯常规比赛时间 calculates the profession could shed up to 10 percent of its current workforce, and not fully recover for two to seven years.

all employees, thousands, accounting and bookkeeping services, seasonally adjusted
^ showing dips after the dot-com bubble in 2001 and financial crash in 2008: all tax, accounting, and bookkeeping services, all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)

in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

14 marketing activities needed now more than ever

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word "marketing" highlighted above other wordsbonus: you can do most of them from home.

by marc rosenberg
the rosenberg practice management library

here are 14 common marketing activities.

more: how not to develop your practice | 6 keys to developing new client prospects | now is the time to activate your referral network | does your firm recognize all its skills? | protect and grow existing clients | the 4 marketing disciplines | 15 powerful niche marketing practices | 19 takeaways from the history of cpa firm practice development
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we’ll list them here and then drill down on each:

read more →

‘singing cpa’ gets down with the ppp

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remember: ‘wash your hands.’

steven b. zelin – the singing cpa – is rapping out the praises of the paycheck protection program in his new youtube video aimed at drumming up some new business.

it’s a “fun explanation of the payroll protection program, loans from the small business administration to support small businesses with the economic slowdown from the coronavirus,” says zelin, cpa, and managing member of zelin & associates cpas in new york city.

read more →