{"id":94341,"date":"2022-02-17t18:00:56","date_gmt":"2022-02-17t23:00:56","guid":{"rendered":"\/\/www.g005e.com\/?p=94341"},"modified":"2022-12-22t00:40:50","modified_gmt":"2022-12-22t05:40:50","slug":"beyond-compliance-what-more-you-can-provide","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/02\/17\/beyond-compliance-what-more-you-can-provide\/","title":{"rendered":"beyond compliance: what more you can provide"},"content":{"rendered":"

\"businesspeople<\/a>beat the billable hour … and let your clients know all your offerings.<\/strong><\/p>\n

by sandi leyva
\nthe complete guide to marketing for tax & accounting firms<\/a><\/em>
\n<\/i><\/p>\n

<\/i>as compliance services become more commoditized and automated, accountants face the impacts on their practice and bottom line. they can:<\/p>\n

more: <\/b>boost your cross-selling in two easy steps<\/a> | why your social media is a flop<\/a> | the biggest seo secret of all: google business listings<\/a> | how clients get underserved and accountants get underpaid<\/a>
\n\"goprocpa.com\"exclusively 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
  1. serve a higher level client that requires greater complexity, making themselves fairly immune to these changes<\/li>\n
  2. serve a larger number of clients to offset a drop in revenue per client averages<\/li>\n
  3. add new services to their practice to boost revenue per client<\/li>\n<\/ol>\n


    \nthose are pretty much the options available to keep profits from shrinking. but today i want to focus on the third point above, adding new services, and provide you with some ideas on how you may be able to serve your tax compliance clients in new ways.<\/p>\n

    even if you don\u2019t do taxes, you will find some ideas for new related services you can think about offering to your clients. (remember, it\u2019s easier to sell to existing clients than to acquire new ones.)<\/span><\/p>\n

    1. more than taxes<\/strong><\/p>\n

    most of you who do tax services do far more than that, but perhaps you haven\u2019t itemized it for the client:<\/p>\n

      \n
    1. federal tax return preparation and review by experienced senior partner<\/li>\n
    2. state tax return preparation and review by experienced senior partner<\/li>\n
    3. tax savings suggestions<\/li>\n
    4. tax payment projections for current year<\/li>\n
    5. copy for your records<\/li>\n
    6. electronic filing<\/li>\n
    7. first line representation with irs available for you<\/li>\n<\/ol>\n

      just listing what clients get will help reduce price resistance during a sales call.<\/p>\n

      2. cost-reduction reviews<\/strong><\/p>\n

      why stop with saving people money on just their taxes? offering the three special reviews can help clients save money, period.<\/p>\n

        \n
      1. annual (or quarterly or monthly) financial review with cost reduction advice<\/li>\n
      2. bank account balance review \u2013 review each cash account and determine whether excess cash can be moved to an interest-bearing account<\/li>\n
      3. record-keeping reduction costs review \u2013 do you have ideas for how the client can save money on record-keeping or bookkeeping?<\/li>\n<\/ol>\n

        you can expand on these ideas to fit your skill set and your client base, then systematize the process and offer it as a service, a bonus, or a competitive advantage.<\/p>\n

        3. no-deadlines nirvana<\/strong><\/p>\n

        think about small business deadlines as additional revenue opportunities. sales tax, payroll tax and franchise tax are all compliance work we can and do help with.<\/p>\n

        if you work with a particular industry, you may be able to help further. some businesses need to pay additional taxes and file additional reports, such as for pci compliance with credit cards, special product or drug permits, hazardous materials reports, osha incidences, or product recall record-keeping, to name a few. helping our clients with these additional compliance areas might get you thinking about services you can provide.<\/p>\n

        4. forms freedom<\/strong><\/p>\n

        many small business owners are drowning in paperwork. create a service to help them with these corporate requirements.<\/p>\n

        i\u2019ll never forget one of my mastermind pals who moved cross-country the year her income soared tenfold. her accountant did all of her address changes for her, and i remember thinking, what a huge help that would have been. now that i moved three states east myself, i am asking my staff accountant to help me with all that. to time-starved entrepreneurs, this is a huge value-add.<\/p>\n

        5. risk reduction<\/strong><\/p>\n

        staying in business is all about managing risks. since you already know the recordkeeping requirements of the tax agencies, you\u2019re a natural for offering a records risk review, which would measure how well your client would survive an audit based on the documentation they are able to provide. at the very least, you can provide a handout that describes what they need to keep and what they can throw away.<\/p>\n

        6. spreadsheet superstars<\/strong><\/p>\n

        are your clients struggling with excel? you might be able to help them complete the spreadsheets they need in half the time they would take to do them on their own. in fact, accountants are great at building databases, designing reports, and presenting information, and every business needs those skills.<\/p>\n

        have a conversation with your clients to see if you can relieve them of some of their spreadsheet tasks.<\/p>\n

        beyond compliance<\/strong><\/p>\n

        try these ideas to serve your clients better, build your revenue, and most importantly, gain some relief from price resistance.<\/p>\n","protected":false},"excerpt":{"rendered":"

        beat the billable hour … and let your clients know all your offerings.<\/strong>
        \nby sandi leyva<\/i>
        \n        the accountant\u2019s accelerator<\/i><\/a><\/p>\n","protected":false},"author":1345,"featured_media":53032,"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":[1363,3120,3002,2295],"tags":[],"class_list":["post-94341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pro-member-exclusive","category-special","category-solo"],"acf":[],"yoast_head":"\nbeyond compliance: what more you can provide - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2022\/02\/17\/beyond-compliance-what-more-you-can-provide\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"beyond compliance: what more you can provide - 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