TAX SEASON

Start Pondering Next Tax Season Now

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businesswoman wearing glasses seated at computer; growth chart on wall

Take what you’ve learned and make your practice better.

By Frank Stitely
The Relentless CPA

Please have a seat. No, not that one. Take the one next to me. All of us are here because we love you to death. We only want the best for you. But we can no longer stand by and watch you suffer. When you suffer, we all suffer as a family. We have written some letters to let you know how we feel. I’ll let your firm go first.

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“Your behavior has affected me negatively in the following manner. I’m not as profitable as I should be. You are stifling the development of your staff. Your clients are upset that returns aren’t getting done on time. Your kids resemble the mailman more than you.

“Please accept the help we are offering you today. We have your bags packed, and we’ll put you on a plane to rehab at the beach. Don’t worry about scoring your next fix. We’ll help you detox safely. But you must decide right now. You must give up your addiction to doing everything yourself.”
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Tax Pros Rev Up Filing Pace as DIYers Lag

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data chart

 

The IRS changes how it tallies website traffic.

By Beth Bellor

Tax professionals have held the e-filing edge over DIYers this season, and now they’ve surpassed their own 2024 rate for the first time.

MORE: Tax Returns Nearly Match 2024 Rates | Tax Pros Edge DIYers in E-Filings | Tax Refund Totals Up 7% | Tax Pros Handle 46% of E-Filings | Tax Refund Totals Up 10% | Tax Refunds Plummet, but No Worries | Tax Refunds Up 18% Early On | First Tax Filing Reports Are In
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The IRS received 89.6 million individual income tax returns, down 0.8 percent from the comparable period in 2024 ending March 28. It processed 88.5 million returns, down 0.3 percent. Tax professionals are holding on to a half-point lead in market share over DIYers, with about 51.3 percent of total returns filed so far this year against 51.8 percent a year ago. READ MORE →

Sixteen Qualities of the Best Tax Clients

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Do you appreciate what you have?

By Ed Mendlowitz
Tax Season Opportunity Guide

Clients are our customers who pay our salaries and present us with stimulating opportunities, allowing us to grow.

There is no such thing as a bad or nuisance client – although there are clients who sometimes do bad or nuisance things.

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Following is a listing of what makes a good client.
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Shorter Turnaround = Happier Tax Clients

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woman with tablet wearing swimsuit sitting in beach lounge chair staring out at ocean

 

Do you know your turnaround time?

By Frank Stitely
The Relentless CPA

Todd Rundgren sang, “I don’t want to work. I just wanna bang on the drum all day.”

I agree with half of that. I don’t want to work. However, I want someone else to bang on the drum all day for me. I’m not that ambitious.

The key to achieving Hall of Fame-level laziness is delegation.

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If I have no ambition to do anything, but want things to get done, someone else must do them. Similarly, effective practice management is putting the right people in the right places accomplishing the right tasks at the right times. That’s a pretty damn good definition of effective laziness as well. There’s a subtle genius in that.
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