On the Road to a Stress-Free Life: Identify Your Character Strengths

And put them to work.

By Sandi Smith, CPA

How many times a day do we tell ourselves with the little voice in our head that we’re falling short of the ideal we have for ourselves? “I forgot to add the salt, so I ruined the recipe.” “I’m not good enough.” “I was mistaken.” “I’m not smart enough.” “I didn’t get picked for the finals.” “Nobody likes me.” And so on.

Sandi Smith

More for soloists and small firms from Sandi Smith at CPA Trendlines: 5 Mistakes to Avoid When Seeking New Clients  The Top 12 Business Card Blunders Accountants Make   Seven Tips to Keep the Clients You Have How to Attract Clients Like a Magnet Eleven Easy Ways to Deliver More Value to Clients • Five Things Accountants Take for Granted That Costs Them Revenue• What’s in Your New Client Funnel? • What’s In Your Welcome Kit for New Prospects? • Five Fun and Easy Ways to Wow Your Clients • Six Ways to Give Yourself a Raise • Strategies to Stop Losing Business to Competitors

Instead, why don’t we focus on our strengths? A University of Michigan psychology professor undertook an extensive research project to discover 24 positive character strengths that each person has to varying degrees.

They are: READ MORE →

Revenues on the Rebound for Most U.S. CPAs

Billing rates and partner incomes gaining strongly.

Most CPA firms are reporting some measure of revenue growth, according to one widely followed survey obtained by CPA Trendlines.

“And while the profession has yet to rebound to pre-recession levels,” the authors say, “it is steadily gaining momentum.”

Furthermore, the smallest firms appear to be the biggest winners, with 33% growth in net client fees per professional and per partner.

The report includes data and trends on:

  • Increase in net fees
  • Fees per partner
  • Net remaining per partner
  • Average partner billing rates
  • Average partner compensation
  • Utilization rates
  • Paid time-off
  • Firm technology
  • Online technology

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Clients’ Calls At Home

Are there no limits to availability? Here at CPA Trendlines, Ed Mendlowitz answers some of the toughest questions practitioners can throw at him. He’s the right one to ask. After more than 40 years in the business – building his … Continued

How to Make an Extra $72,000 by Working Smarter

If you own or manage a small CPA firm, you can’t ignore effective workflow management.  If you do, you are losing money, clients, and your sanity. Here’s one CPA’s story.

By Frank Stitely, CPA, CVA

Every year around the middle of tax season, the following telephone conversation happens in small CPA firms, probably yours as well.  You or one of your staff picks up the telephone to hear, “I’m calling to check on the status of my tax returns.  I dropped them off in February and haven’t heard from you since.”

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Start Your Next Tax Season in the Cloud [VIDEO]

Robert Chandler, president and CEO of Cloud 9 Real Time, a cloud service provider, says accountants should think first about going to the cloud with their tax prep applications.