Topic: management

Consistency Simplifies Tax Season

Apply it to service, processes and standards. By Ed Mendlowitz Tax Season Opportunity Guide One way to guarantee extra work is to have everything always done differently each time it is done. MORE ON TAX SEASON: 11 Clear Client Instructions to Make Your Tax Season Easier | 3 Ways to Build a Tax Season Team | Have Fun This Tax Season | How to Get Paid Faster This Tax Season Not establishing uniform procedures is bad business and unnecessarily consumes part of your life. Consistency in performance reduces work and review time and creates a greater reliance on the staff people.

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Can Accounting Firms Lead With Work-Life Vision?

And 5 practical ideas to implement measures to create real work-life balance at your firm. By Hitendra Patil Pransform Inc.  Do you want employees who have: greater engagement in their jobs higher levels of job satisfaction stronger intentions to remain with their employers less negative and stressful spillover from job to home less negative spillover from home to job better mental health Aren’t these the things most accounting firms would want their employees to experience?

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11 Clear Client Instructions to Make Your Tax Season Easier

Help them help you. By Ed Mendlowitz Tax Season Opportunity Guide Providing instructions of what a client needs to do must be clear enough so that the client doesn’t call you to find out what to do. Sometimes taking an extra minute to lay out what the client should do can eliminate that call or indecisive moment a client might feel.

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And Now, a Few Words About Sex (and 14 Tips)

Your protégée may have concerns. You should anticipate them. By Ida O. Abbott Sponsoring Women: What Men Need to Know If you are concerned about the possibility of sex-related problems, consider the degree of risk involved and whether you are willing to assume it. Before you decide, consider first that you might be exaggerating the risk, and second that this is a risk that can be prevented and managed. MORE ON SPONSORING WOMEN FOR LEADERSHIP: Your Protégée Needs Your Feedback |  9 Ways to Promote Your Protégée to Others | 8 Ways to Help Your Protégée Focus on Career Opportunities | How to Start an Effective Sponsorship … and Follow Through | 3 Roadblocks to Women and Men Working Together […]

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3 Ways to Build a Tax Season Team

It’s a long season. Make it a happy one. By Ed Mendlowitz Tax Season Opportunity Guide If you have staff, have happy cheerful helpful people. Don’t surround yourself with downers and naysayers. Also have team players. Part of this is your firm’s culture. It takes work to get people to work together and to focus on doing what it takes to service the client fully, properly and timely.  Everyone working together gets it done.

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Have Fun This Tax Season!

No kidding! Here are 12 ways. By Ed Mendlowitz Tax Season Opportunity Guide Tax season presents exciting opportunities for accounting firms and their staffs. Every moment should be enjoyed and appreciated. Following are 12 reasons: 1. Tax season is profitable and accounting is a business where we try to maximize our earnings. Sure, there is a great concentration of work in a short period with occasional pressure, but if handled properly, the work can be managed sensibly with tensions at reasonable levels. I also believe much of the pressure is self-induced by poor scheduling, inadequate quality control and the lack of uniform systems that are followed by everyone in the firm, particularly the partners.

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How to Get Paid Faster This Tax Season

It’s good for business and considerate to clients. By Ed Mendlowitz Tax Season Opportunity Guide Tax season is a business and businesses need to be paid. It is harder to justify prices when providing services rather than products. Products are usually priced before delivery while many times services are priced after delivery, i.e. performance. Many accountants price returns before they are worked on, usually basing the fee on last year, or a rate schedule. Sending a bill with the return establishes the relationship that you should be paid promptly for the work done.

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How to ‘Go Digital’ when Partners Demand Monthly P&Ls on Paper?

Why 75% of multi-owner firms have already gone to online monthly financial reports. By Roman H. Kepczyk Quantum of Paperless Improving firm efficiency means that the owners have to get on board. One of the more obvious opportunities is the delivery of the firm’s own financial reports. Too many firms still print a hard copy of the monthly financials and distribute them to each owner, many of whom physically store these documents in their office.

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40 Ways to Make Your CPA Firm Profitable

The most profitable firms in the business share a few important habits and behaviors…

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Accounting Firms Run on More than Checklists Alone

How savvy firms capture their best practices and foster continuous improvement. By Roman H. Kepczyk Quantum of Paperless Every firm has accountants who are 10 percent, 20 percent or even 50 percent more productive in their departments than other personnel because they have simply “figured it out.” MORE ON TECH SPENDING: Going Paperless Means Convincing Clients First | How to Cut Tax Prep Costs with Scanners | Making Digital Tax Process Easier Is All About the Workflow | Why Firms Need Document Retention Standards | Intranet Is the Best Place for Firm Knowledge | Digital Fax Has Benefits You May Be Ignoring | Wireless Is Hot, and Here’s How to Handle It | How Safe Is Your Internet Lifeline? | New Tech […]

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Women Must See Politics as Leadership to Get Ahead

Four reasons women hold themselves back. By Ida O. Abbott Sponsoring Women: What Men Need to Know Many women are uncomfortable calling attention to their achievements and ambitions, dislike politics, have difficulty asking others for a career boost or underestimate the importance of powerful backers. This makes it harder for potential sponsors to recognize how worthy these women are of their support. MORE ON SPONSORING WOMEN FOR LEADERSHIP: 5 Ways Gender Bias Plays Out at CPA Firms | 3 Reasons Why Men Don’t Pick Women Protégées | Men Advance 2 to 1 over Women without Sponsors | 18 Ways Sponsors Can Help Their Protegees | The 6 Market Advantages of Women-Led Firms | Beyond Mentoring: Why Sponsoring Women for Leadership […]

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16 Steps for Managing (not Juggling) Multiple Projects

Project management for accountants, by Ed Mendlowitz, the CPA Trendlines Practice Doctor…

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2015 FORECAST: Healthy Revenue Gains Nationwide for Firms of All Sizes

Exclusive to CPA Trendlines

Tax and accounting firms across the nation are projecting steady revenue gains through the end of 2014 and into the New Year…

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