Allen Liebnick reveals five sure-fire detection methods.
You know that great feeling when you put on a pair of jeans you haven’t worn in a while and find a $20 bill in your pocket? Want to know how companies can get that great feeling too? By checking their “pockets†for lost dollars. And what are those pockets? Overpayments that have gone undetected!
Overpayments can include:
- Duplicate or erroneous payments
- Missed discounts and/or rebates
- Pricing errors
- Unapplied credits
- Erroneous sales tax charges
More here…
The recession may be the single biggest factor affecting tax professionals in this year’s busy season.
But, in the end, it’s all about clients. Ask a CPA, “What the biggest difference about your tax season this year?” And, collectively, they’ll draw you a picture that looks like this:
No doubt, the deepening recession is the biggest problem for CPAs this year. By comparison, last year at this time, the economy was a major problem for only about 26% of professionals. Clients are coming in later than usual, usually more more disorganized and worried about covering the fees. Professionals are racing to stay up to date with all the breaking news and worrying about billing and collections.
How’s busy season for you so far? Leave a comment below. Then join the survey and get the updates.
