{"id":116267,"date":"2023-10-03t11:58:57","date_gmt":"2023-10-03t15:58:57","guid":{"rendered":"\/\/www.g005e.com\/?p=116267"},"modified":"2024-08-27t17:01:05","modified_gmt":"2024-08-27t21:01:05","slug":"who-needs-fall-tax-planning-clients-and-you","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/10\/03\/who-needs-fall-tax-planning-clients-and-you\/","title":{"rendered":"who needs fall tax planning? clients … and you"},"content":{"rendered":"
<\/p>\n
avoid balance-due whining sessions and earn additional revenue.<\/strong><\/p>\n by frank stitely<\/em> you\u2019ve surely had this conversation a million times during multiple tax seasons, most often in april. you give a client a tax return with a $20,000 balance due.<\/p>\n client: i didn\u2019t expect to owe that much. more:<\/b> it\u2019s ok to say no to clients (even the large ones)<\/a> | control your time: avoid ambush meetings and calls<\/a> |\u00a0train your clients before they train you<\/a> | don\u2019t let clients dictate tax workflow<\/a> | how small firms can win the talent wars<\/a> | do you know your turnaround time?<\/a> here\u2019s where my conversations may differ from yours a bit.<\/p>\n <\/p>\n me: what did you base that expectation on? you didn\u2019t make any of the estimated tax payments from last year.<\/p>\n client: my income and deductions.<\/p>\n me: how did you put those together to come to your conclusion? i\u2019m interested because that might tell me if i have a mistake on the return.<\/p>\n client: i don\u2019t know \u2026<\/p>\n me: we offer tax planning services that would have told you the likely result back in november. we could have prevented this result then.<\/p>\n we know that if we had given him a tax return with a $5,000 balance due, we would have had the exact same conversation, except that he would have been expecting a refund. someday, i\u2019m hoping for an honest client answer along the lines of, \u201ci consulted a ouija board, and it gave me a lower balance due.\u201d<\/p>\n my response to the client whining about the balance due has three purposes:<\/p>\n why do these conversations matter and why should we seek to eliminate them? because they waste time during tax season when we don\u2019t have time. a client sees his balance due and immediately picks up the phone and prevents you from being productive for an hour. what\u2019s the final outcome? the same balance is due just after a wasted phone call.<\/p>\n tax planning cuts down on these unwanted interruptions by moving the unpleasant balance due conversation out of tax season and into the fall. who knows? maybe given a few months, you might even be able to get that tax balance due down. no more, \u201cif only we had talked in november \u2026\u201d<\/p>\n tax planning gives you the ability to cut short the april balance-due complaining session with, \u201cwe offered tax planning services in the fall. maybe we could have gotten that balance due down.\u201d instead of defending your tax return, you respond that the fault lies in insufficient client planning. he had the chance to reduce the balance due but didn\u2019t take it. that\u2019s a whole different conversation and a much shorter one.<\/p>\n does this work? yes \u2013 in three major ways. first, we have shifted the blame for tax balances due from us to clients. second, a significant portion of our clients pay us for tax planning. finally, the revenue earned outside tax season is nice.<\/p>\n","protected":false},"excerpt":{"rendered":" avoid balance-due whining sessions\u00a0and earn additional revenue.<\/strong>
\nthe relentless cpa<\/i><\/a><\/p>\n
\nyou: how much did you expect to owe?
\nclient: about $5,000.<\/p>\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n\n
\n<\/a>
\nby frank stitely<\/em>
\nthe relentless cpa<\/i><\/a><\/p>\n","protected":false},"author":1362,"featured_media":116271,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,70,2271,2274,3120,3002,1906,2246],"tags":[4278,3958,4281,3808,4283,3807],"class_list":["post-116267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-humor","category-marketing","category-pricing","category-pro-member-exclusive","category-special","category-tax-practice","category-busy-season","tag-billing-rate","tag-cpa-billing-rates","tag-fee-structure","tag-frank-stitely","tag-pricing-rates","tag-stitely"],"acf":[],"yoast_head":"\n