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Make Tax Season More Fun

four young happy office employees

Twelve ways it can be better.

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.

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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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Lessons Learned from a Small Firm

Some growing pains never change.

By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting

“CPA Firm Grows Prosperous by Heeding Its Own Advice.” The Wall Street Journal published an article with that title in their May 18, 1981 issue about my firm, and this column describes some of what we did.

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The article began by stating there were about 28,000 CPA firms in the U.S., with about 19,000 being sole practitioners and many others with just two or three CPAs. These numbers are lower than now, so the profession and small firms have grown significantly in the last 40-plus years.
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BUSY SEASON MANAGEMENT

How Much Do Your Clients Need You?

Three questions to ask.

By Ed Mendlowitz
Tax Season Opportunity Guide

Know your value to your clients. Better, understand your business and what you really do and what you add to the client’s life.

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I had a group of gastroenterologists as clients who were going to get into a business of inserting a gastric bubble into people’s stomachs. There were a number of issues to this.
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