Help your clients account for marketing costs. By Sandi Smith Leyva The Accountant’s Accelerator One of the value-added services we can offer clients is to align their chart of accounts with their tax form so that the numbers are easy to pull off at tax time. But there’s an even bigger opportunity if we take a deeper look.
Profession adds 1,400 new jobs in latest month. Next question: Who’s hiring; who’s not. Join the survey; get the answers. By CPA Trendlines With practitioners across the country reporting strong demand for new hires, the nation’s tax, accounting and bookkeeping industries added 1,400 new jobs last month, with some sectors marking new highs for 2014 and approaching the pre-crash peak six years ago. Jennifer Dizon, an audit and advisory partner at Hood & Strong’s San Jose, Calif., office, tells CPA Trendlines her firm is looking to hire. “We need more staff to service business growth,” says Dizon, who is also the newly elected state chapter president of the National Association of Women Business Owners. In Elkhart, Kan., enrolled agent Terri Ryman at Southwest Tax & Accounting says the office […]
51% plan new hiring now and into next year. For 2015, 81 percent percent of small businesses forecast a revenue increase, with 21 percent expecting to grow more than 100 percent, according to a new Xero survey. The study also shows that employing an accountant pays off. SMBs (small and medium-size businesses) that use an accountant with online accounting software enjoyed a 16 percent increase in revenue over businesses that use online accounting software without an accountant. And using more accountants equals more revenue, says the study released by a cloud accounting software maker.
What it means for independent tax and accounting firms. By Hitendra Patil Pransform Inc. The accounting profession in the U.S. has been shaken up by announcements from Liberty Tax Services and H&R Block that they are entering into core bookkeeping and accounting services business. More on The Entrepreneur Accountant: Six Steps for a Better Tax Season • 8 Seconds into the Future: Meet Generation Z • 5 Reasons Gen Y Will Make or Break Your Firm • 3 Ways Amazon’s New Fire Phone Hints at the Future of Accounting • The 8 Traits Creating the Firm of the Future Today • Get More Done, Make More Money: Stop Doing These 17 Things • What Shopping Habits Reveal about Accounting Clients • […]
Many never fully recover. By CPA Trendlines The typical organization is losing 5% of revenues per year to fraud, costing about $145,000 per company – and smaller businesses are disproportionately victimized, according to a new research report. The losses translate to $3.7 trillion globally, says the group which has been conducting the research since 1996. PRO members: Download the full report here. Highlights…
The main categories of information for internal communications and management. By Bruce W. Marcus Professional Services Marketing 3.0 While the substance of information varies from firm to firm, there are 10 categories that cannot go unconsidered:
By Sandi Smith Leyva With so much to do as business owners, we can get pretty overwhelmed at times. We can start believing that we have a “time” problem, but since all of us have 24/7, there really is no such thing as a time problem.
By Sean Stein Smith, CPA, CMA, CGMA A Fresh Pair of Eyes Scandals that have rocked public and regulatory confidence in the business community are not difficult to name: AIG, Lehman Brothers, the “London Whale.” Good governance, the argument goes, can be the difference between mediocre performance and outstanding performance. It can even be the difference between staying in business and going under.
And the two professional remedies you already know. By Frank Stitely, CPA Stitely & Karstetter PLLC Cloud accounting software revolutionizes our relationships with our clients, enhancing our ability to provide real-time and forward-looking tax and accounting services. At the recently concluded Sleeter Conference in Las Vegas, cloud vendors promised zero data entry, the editing of transactions in spreadsheet format and seamless integration with best of breed third-party applications. They didn’t mention, however, that their programmers redefine accounting principles by sacrificing sound internal control at the ease of use altar. Before launching your clients into the accounting cloud, evaluate the risks currently ignored by many, if not most, cloud vendors.
By Ed Mendlowitz “Tax Season Opportunity Guide” QUESTION: I have clients that are growing and seem to need more services in house than they can afford and they are leaning on me to set in and provide them. I gather this is an additional engagement and want to know how I can go about it. RESPONSE: It seems that the client is crossing the line into a more sophisticated area, but is not able to afford a full-time CFO.
The IFRS Foundation says it has “solid evidence” that IFRS has already become the de facto global language for financial reporting in an additional 41 countries, bringing the total number of countries surveyed to 122. Key findings based on all 122 jurisdiction profiles include:
By Ed Mendlowitz “Tax Season Opportunity Guide” QUESTION: I do not belong to the NJSCPA and see no value in it. What are the benefits if I am a sole practitioner and just starting out? RESPONSE: I belong to the AICPA, NJSCPA and NYSSCPA, feel strongly about supporting these societies and believe it is a responsibility of professionals to do so. I am also active in these three organizations, in different ways and not always at the same time, although I have never been on the board of any of them.