{"id":51723,"date":"2017-04-11t14:28:05","date_gmt":"2017-04-11t18:28:05","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=51723"},"modified":"2017-08-06t11:44:44","modified_gmt":"2017-08-06t15:44:44","slug":"11-questions-tax-clients-year-round-billings","status":"publish","type":"post","link":"\/\/www.g005e.com\/2017\/04\/11\/11-questions-tax-clients-year-round-billings\/","title":{"rendered":"11 tax client questions for year-round billings"},"content":{"rendered":"

\"questionhow to identify post-busy season projects.<\/strong><\/p>\n

by blake christian<\/em><\/a><\/p>\n

while most cpas and staff are in survival mode during busy season, the weeks following tax day offer\u00a0excellent opportunities for cpas to identify challenges and opportunities, and begin inventorying projects to complete now that the rush has ended.<\/p>\n

more tax practice:\u00a0a lesson in basis taught to us by almond trees<\/a>\u00a0 | \u00a0how to end the tax revenue roller coaster with a four-season practice model<\/a>\u00a0 | \u00a0five ways to protect clients from \u2018the sleazy six\u2019 tax season scams<\/a>\u00a0 | \u00a0tax season productivity hacks<\/a>\u00a0 | \u00a0\u00a0how to sell bundled tax services<\/a>\u00a0 | \u00a046 avoidable tax-filing errors \u2013 if clients only knew<\/a>\u00a0 | \u00a021 reasons why tax clients switch firms<\/a>\u00a0 |<\/p>\n

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this time of year generally presents more opportunities to talk directly with your clients\u2014either in person or on the phone\u2014to discuss their business and personal financial matters. reviewing their source documents also provides numerous ways to identify work that they\u2019ll need your help with in the coming year.<\/p>\n

when you meet with clients in the weeks after busy season, it can be helpful to develop a short agenda of topics to cover. these can include not only industry and technical issues, but also longer-term operational and personal issues. here is a sampling of questions to consider asking clients\u2014especially those for which you don\u2019t produce monthly financial statements\u2014when you meet with them in the period immediately following busy season.<\/p>\n

1 \u2013 how has the client been trending for the past three years in terms of revenue, costs, net profits, and cash flow? is it open to having a trend and industry benchmarking analysis performed? how current are its accounting procedures, software, and it system?<\/p>\n

2 \u2013 how is the client situated from a debt-to-equity perspective? if the client\u2019s operations have materially improved, are there opportunities to discuss more-attractive bank terms? is there excess cash in the business that should be used to pay down debt or used for distributions? other considerations:<\/p>\n