Tax Filings Data Looking Less Squirrely

Chart of IRS filing data for week ending Feb. 10, 2017
[Click for larger image]

Some refunds remain unreported, but filings are catching up.

By Beth Bellor
CPA Trendlines

Year-to-year differences in tax filing data are starting to level off.

MORE: Tax Return Filings Still Lag, But Pros Hold 57% of Market | Tax Filings Down, but IRS Blames the Calendar
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Four fewer reporting days in 2017 skewed results at first, but statistics for the week ending Feb. 10 show a difference in returns filed of around 17 percent, about half the 33 percent decline that led off the season.
READ MORE →

Lessons for Accountants from Self-Driving Cars

https://cpatrendlines.com/2017/02/20/seven-lessons-accountants-self-driving-cars/How to make the leap from sci-fi fantasy to business reality in six steps.

By Hitendra Patil
The Definitive Success Guide to Client Accounting Services

The Uberization of Accounting has already begun, and disruption is creating a “no-choice future” for some firms.

MORE:  Rotten Tomatoes: What Do Your Clients Really Think of You?  |  Targeting the Top 50 Highest-Paid Client Categories  |  SURVEY RESULTS: Decide to be Decisive  |   The Curious Case of ‘The Irreplaceable Accountant’  | The Three Gears that Drive Success in the Accounting Business  |  Brexit Worries?  Worry More about Cexits, Texits and Pexits  |  LinkedIn Launches Accountant-for-Hire Service  |  4 Pillars of Future Firm Foundation  |  ‘Uberizing’ Means More Than Technology  |  You Don’t Think Technology Helps Get New Clients?  |  Do You Want a Practice … or a Business?  |  ‘Decisiveness’ Rated Top Trait for   Success in Accounting Business  |  Tax Season Management: Multi-Tasking Is a Myth  |  3 Apps to Automate Business Networking  |

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Self-driving cars are meant to enrich human life. And therein are the hints of the future of the accounting profession. Here’s how… READ MORE →

Growth Strategies: Think Channels, not Referrals

Just as CPAs apply rigorous discipline to deliver services, so too can firms achieve growth.

By Gale Crosley
Crosley Co.

You know the services your firm has to offer and you know who your target buyer is. In order to drive growth you need to align these elements in an act of strategic matchmaking. If you’ve been relying on referrals as a way to achieve this you’re operating with about one-and-a-half hands tied behind your back.

MORE CROSLEY: SURVEY: Technology Will Solve Labor Shortages  |  Four-Part Plan to Re-ignite Revenue Growth  |  Not All Fish Need Audits  |  The 4 New Growth Engines in Today’s Marketplace  |  Change Catches Up with Auditors  |  The 6 Elements to Sustainable Growth for CPA Firms  | Jody Padar’s New Vision for the ‘New Accounting’  |  Reality Check: Achieving World-Class Growth Requires Real-World Intelligence  |  Crosley: The New Growth Evolution  |  Expand Your Vision and Expand Your Business  |  Leveraging Leadership: A New Way of Looking at Growth  |  Are You Creating a Sustainable Firm?  |

VIDEO: The Three Elements of Growth Strategy  |  Defining the New Business Model  |  The 3 Hallmarks of the ‘New Accounting’ Business

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The required firepower cannot be unleashed by occasional meetings and introductions. Instead you need to energize your efforts by cultivating focused channels of distribution. This will take your efforts from tactical to strategic and lead to a more powerful growth experience.

A distribution channel is the way you find your buyers and they find you in large numbers. Distribution channels are the individuals, businesses, organizations, websites, events, publications and places your buyers prefer. The possibilities are limited only by your knowledge of your prospective buyers and your ability to seek them out. The best channels are those your competitors have never considered. READ MORE →

Does Busyness Really Mean Productivity?

Harried business teamHow to change your firm’s culture.

By Steven E. Sacks

Did you ever notice when you call an associate or a friend or a business of any type, more often than not he or she will always respond with “I’m really busy” or “I’ve been jammed up”? It does not matter the time of the year, much less the time of week or day.

MORE: Five PowerPoint Rules to Live By | Your Firm’s Biggest Assets Walk out the Door Every Day | So Much to Do and So Little Time: Achieving Success in the C-Suite | Can We Please Refer to Accounting as a Profession?
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Has busy become too colloquial or just a throwaway line? What is actually meant by “busy”? Or, more specifically, what is the condition of “busyness”?
READ MORE →

Letting Staff Go After Tax Season

4 reasons it’s a bad idea.

By Ed Mendlowitz
The CPA Trendlines Practice Doctor

QUESTION: I am planning on letting go of some staff after April 18 and will hire replacements at a higher level. Any suggestions?

MORE: CHECKLIST: 46 Avoidable Tax-Filing Errors – If Clients Only Knew | FREE INSTANT DOWNLOAD: Sample fee schedule for 1040s | How to Prepare Returns for a Multiple-Year Non-Filer | 9 Questions to Ask About Divorce and Taxes
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

ANSWER: 1) Your implication is that you will hire replacements at a higher level.
READ MORE →