Jeremy Sulzmann: Can Intuit Mend Fences with Accountants at QB Connect?
How Intuit plans to heal a strained relationship with accountants.
em>By Seth Fineberg
At Large
em>By Seth Fineberg
At Large Today's Features
Art Werner: What the Corporate Transparency Act Means for Accountants
A crucial guide for you and your clients.
By Art Werner
Werner-Rocca Ltd.
Concern is starting to be expressed by many CPAs as to what their responsibilities are regarding the Corporate Transparency Act. Clients, if they haven’t done so already, will be expressing their own concerns and frustrations.
What compliance issues are on our client’s horizon, and where does the CPA fit in regarding the CTA? CPAs and tax professionals need to know how to advise their clients in this new regulatory era of the CTA.
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The Corporate Transparency Act mandates that a business entity must disclose who the beneficial owners of the business entity are. Corporations, partnerships, Professional Corporations, and Limited Liability Entities are all subject to the CTA. The purpose of the CTA legislation is to assist the Financial Crimes Enforcement Network in identifying entities that may be involved in money laundering, terrorism, tax evasion, organized crime, and/or other illegal activities.
SURVEY: 42% of Accountants Turn Away Work Over Staff Shortages
Survey respondents offer their strategies.
By CPA Trendlines Research
The most shocking stat to come out of early results in the CPA Trendlines Outlook 2024 Emerging Issues, Opportunities and Trends survey is also the most painful.
It’s this: 42 percent of responding firms are turning away work for lack of staff.
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That’s a big ouch for firms that have spent time, effort and money on marketing, only to find that they can’t reap the results.
Data is still coming in from firms across the continent (and a few from across the ocean), but the trend is definitely toward critical. And the prognosis isn’t good.
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Fifteen Big Questions for Your Next Strategy Session
Focus everyone on the big issues.
By Marc Rosenberg
The Rosenberg Practice Management Library
Most firms spend their time at retreats planning for the future, forming goals and addressing pressing issues and problem areas. The problem areas aren’t day-to-day issues such as purchasing a new copy machine or revising the policy on sick days. The problem areas are more strategic: morale issues, recruiting problems, profitability, etc.
MORE: Five Steps to Transition to Partnership | Disturb the Present to Improve the Future
Here are some specific examples:
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Make Your Prospect Kit Stand Out
Eight must-haves and 10 ways to go beyond the expected.
By Sandi Leyva
The Complete Guide to Marketing for Tax & Accounting Firms
If you’ve spent any time at all in business talking with prospects on the phone or in person, then you probably have a list of benefits or advantages that you like to mention about your company to every prospect. You may have a very structured way of going about this, and you may not.
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In any case, building a prospect kit will help you become even more consistent in the presentation of your company’s strong points to prospects. And, it’s absolutely essential as you move into larger and larger business deals.