Who’s Offering Your Clients PPP Services?

https://www.e-junkie.com/ecom/gb.php?ii=1671049&cl=23704&c=cart&ejc=2&aff=29672084% of your colleagues are.

By Sandi Leyva

Clients have inundated accountants all year with questions and issues about the Paycheck Protection Program (PPP), and no end is in sight.

MORE: PPP Client Fraud: How Much Risk Is Too Much? | Survey: Who’s Not Billing for PPP Services?
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Earlier this year, it was all about loan acquisition. Now, borrowers are gearing up for loan forgiveness and asking their CPAs for assistance.
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PPP Client Fraud: How Much Risk Is Too Much?

bar chartWhere do you fall on the risk-tolerance scale?

PPP: Are the Risks Worth It?
Practice Management Do’s and Don’ts
Join the Survey. Get the Results.

By Sandi Leyva

How aggressive should you be when advising clients on Paycheck Protection Program (PPP) forgiveness?

MORE: Survey: Who’s Not Billing for PPP Services? | PPP Traps: 1 in 5 Accountants Report Shady DealingsAdd These Money-Making Rituals to Your Work Day | 3 Ways to Opt Out of Any Downturn

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While any risk stance should always be the decision of the clients, we asked this question in a recent joint Accountant’s Accelerator / CPA Trendlines PPP Survey: On average, across all of your clients, how aggressive of a stance are you taking with PPP forgiveness?

We asked 600+ survey respondents to choose a number between zero and 100 where zero is conservative or extremely risk-avoidant and 100 is aggressive or extremely risk-tolerant. The mean was 42, or slightly more conservative than aggressive.
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Survey: Who’s Not Billing for PPP Services?

Some serving the greater good. Others are just confused.

By Sandi Leyva

Some 22 percent of respondents are not charging their clients for PPP services, and the overwhelming majority are doing it to increase client retention, build goodwill, and do their part to help their clients and the economy, according to the new survey sent out by CPA Trendlines and Accountant’s Accelerator

MORE: PPP Traps: 1 in 5 Accountants Report Shady Dealings | Replay: How to Dazzle Clients in the COVID Age | Don’t Get Burned by These PPP Pitfalls | Three Ways to Leverage Today’s Uncertainties for Renewed Growth | COVID is Calling

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With over 600 accountants responding, many give away services such as loan acquisition, loan forgiveness, review of Form 3508, tracing assistance, and risk management advice.
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PPP Traps: 1 in 5 Accountants Report Shady Dealings

Fake employees, fake businesses, and lavish spending mar the COVID relief program.

Have you walked away from any PPP engagements?
PPP Practice Management Do’s and Don’ts:
Join the Survey. Get the Results.

By Sandi Leyva

With fast money comes fast fraud, and the arrests and jail terms are only just beginning for individuals who applied for PPP money under false pretenses and have already been caught. You’ve seen the headlines, where people from every walk of life including reality TV stars, rappers, a Wal-Mart manager, and even an NFL player have been arrested on charges of PPP loan fraud.

PPP fraud has likely already impacted your firm. The extent of the fraud is the real story.

One thing is fairly predictable: “Audits will pick up,” says Bradley Burnett, tax attorney and instructor of the PPP Forgiveness webinars being conducted by Accountant’s Accelerator and CPA Trendlines.

According to respondents of an ongoing survey being conducted by CPA Trendlines and Accountant’s Accelerator, preliminary results show that just over 1 out of every five accounting professionals offering PPP services (22 percent) has had to walk away from at least one PPP engagement.  And one firm has had to walk away from more than five PPP engagements.

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Add These Money-Making Rituals to Your Work Day

You know the drill: Work ON the business.

By Sandi Leyva
The Complete Guide to Marketing for Tax & Accounting Firms

There’s something special about the word ritual. It sounds sacred, like you wouldn’t dare break it. It sounds a little mysterious, as if there’s a component you can’t quite control. And it sounds colorful, like something full of character that you would never get bored of.

MORE ON SMALL-FIRM GROWTH STRATEGIES: 3 Ways to Opt Out of Any Downturn | 5 ‘Low-Hanging Fruit’ Ways to Raise Your Revenues Right Now | How to Think Straight through the Coronavirus Crisis | Tech Tools for Working through the Coronavirus | 7 Tips to Boost Your Firm’s Performance in 2020 | Major Search Algorithm Change Could Affect Your Rankings | Making Content Marketing Part of Your Growth Strategy | Change Overload: 5 Simple Coping Strategies | Share Data 5 Easy Ways
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These days, rituals can bring much-needed certainty to our lives. We don’t think about rituals much when it comes to business, but I think we should. What rituals could you create in your business that will rev up your revenues and reduce the uncertainty that is swirling around us? Here are two ideas to get your engines started.
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3 Ways to Opt Out of Any Downturn

Train tracks going both ahead and off to leftYou can succeed no matter what the economy is doing.

By Sandi Leyva

All roads point to a significant downturn in the overall economy for the next few years. If you’re interested in simply opting out of all that mess and creating your own economic success for you and your clients, then keep reading. I truly believe many of you have the power and ability to make a difference as to whether your clients sink or swim in 2020.

MORE ON SMALL-FIRM GROWTH STRATEGIES: 5 ‘Low-Hanging Fruit’ Ways to Raise Your Revenues Right Now | Stuck at Home Right Now? Here’re 100 Good Ideas to Relieve the Stress | How to Lead in a Crisis | How to Think Straight through the Coronavirus Crisis | Tech Tools for Working through the Coronavirus | 7 Tips to Keep the Clients You Have | Do You Know Your Opportunity Number? | 7 Tips to Boost Your Firm’s Performance in 2020 | 5 Mistakes to Avoid When Seeking New Clients | Survey Quantifies Link Between Online Reviews, Revenue
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Here are three ways to make a difference for your own firm and for your clients.
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5 ‘Low-Hanging Fruit’ Ways to Raise Your Revenues Right Now

A little thought goes a long way.

By Sandi Leyva
Getting New Clients

If August is a slow business month for you, it’s not just your business.

MORE ON SMALL-FIRM GROWTH STRATEGIES: Stuck at Home Right Now? Here Are 100 Good Ideas to Relieve the Stress | How to Lead in a Crisis | How to Think Straight through the Coronavirus Crisis | Tech Tools for Working through the Coronavirus | Survey Quantifies Link Between Online Reviews, Revenue | Major Search Algorithm Change Could Affect Your Rankings
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With people making the most of a disappearing summer, it’s all most of us can do to stay on our routines.

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Stuck at Home Right Now? Here’s 100 Good Ideas to Relieve the Stress

Young woman recording video via camcorder and tripodMany of them are free.

How’s COVID-19 impacting your Busy Season?
Join the survey. Sound off. Get answers.

By Sandi Leyva, Annie Tao, Marjory Rase, and Cutter Slagle

I wanted to help my staff blow off some steam this week, so I asked them to come up with some tasks that we can all do while we’re sheltering in place and doing our thing to flatten the curve.

CPA Trendlines is providing FREE access to our latest coronavirus crisis updates: Start here for a guide to all our coverage.

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If your kids (or you) are already asking, “Are we there yet?” here are some ways to distract them. READ MORE →

How to Lead in a Crisis

9 steps to pull you through the coronavirus pandemic even stronger.

By Sandi Leyva
The Accountant’s Accelerator

As accounting professionals, we’re on the front lines helping our small business clients and our employees through this crisis in multiple ways. It’s a chance for us to display extraordinary leadership as a profession.

MORE ON SMALL-FIRM GROWTH STRATEGIES: How to Think Straight through the Coronavirus Crisis | Tech Tools for Working through the Coronavirus | 7 Tips to Keep the Clients You Have | Do You Know Your Opportunity Number? | 7 Tips to Boost Your Firm’s Performance in 2020

See All CPA Trendlines Special Coronavirus Crisis Coverage

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Here’s a tweet I just love that exemplifies the times:

screenshot of tweet

Here are some reminders for all of us as we step up to lead our firms and help our clients in these times:

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