Through April 11, with only days to go, the nation’s professional tax practitioners had efiled almost 62 million returns, down about 207,000 from the same time a year before, or 0.3%. That may represent something of a last-minute recovery, considering … Continued
The four flavors of new clients.
By Hitendra Patil
Pransform Inc.
Tax season is over and you made it through the home stretch, significantly tired but scraped through! Now is the time to rethink your business model on the new learning from tax season and to restart looking for new clients. You don’t want to create more “C clients” that suck the energy, time and profits like a vortex.
Not sure how to estimate the value of your prospects? You may want to learn their shopping habits. READ MORE →
QUESTION: I am 57 and have become very concerned about retiring and what I could get for my practice, how long I would have to stay and how the whole process works. I believe I’ve read all of your Q&As but have never heard you speak on this subject. Is there anything you can give me to read that sort of ties in everything?
RESPONSE: For CPAs in practice, succession planning takes on a meaning other than what it might seem. Many of the CPAs I know find it difficult to imagine themselves retiring, and therefore do little in the way of planning. For those who think they will work until they drop, stop reading now and go to the Sudoku puzzle, because that will probably provide you with more gratification in the long run. READ MORE →