The Right Tech Tools for COVID Work-from-Home

iPads, Android, or Microsoft Surface?

By Roman H. Kepczyk
Quantum of Paperless: Technology Guide & Checklist

One of the key components in optimizing firm production is providing the capability for firm personnel to work from any place, at any time, at their own convenience. Allowing experienced firm personnel the ability to work remotely used to be a key employee retention strategy. Then came COVID-19 and it became a necessity.

MORE: Maximize Your Office 365 ROI | Why You Need Windows 10 with Automatic Updates | It’s 10 p.m. Do You Know Where Your Backups Are? | How the Cloud Impacts Server Replacement | Laptops vs. Desktops | The Best Scanners to Buy Today | Capturing Documents at the Source | The More Monitors, the Better
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Giving your personnel secure access to the firm’s application and data resources allows them to work effectively outside normal office hours and avoid unnecessary commuting time.

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Trust: One Building Block of Success

Businesspeople discussing chartsRemote work and “rightsizing” make it more important than ever.

By Steven E. Sacks
The NEW Fundamentals

People are so busy these days, juggling meetings, projects, conference calls, performance reviews and a whole slew of other responsibilities. Each of these activities has a level of commitment attached to it. The person who is accountable for completing the tasks promises he or she will follow through. The other party who is requesting the deliverable expects that the promise will be kept.

MORE: 6 Types of Non-Listeners | Etiquette Never Goes Out of Style | Make News, Not Noise | Take That Extra Breath with Email | Effective Communications in the Age of COVID | The New COVID-19 Workplace: Are You Prepared?
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How often have we become disappointed that others have failed in their commitments?

A lot.
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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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Maximize Referrals from Wealthy Clients

Female executive greeting coupleHow to foster opportunities.

By Anthony Glomski and Russ Alan Prince
Your $5-Million High-Net-Worth Practice

Join Prince and Glomkski for a four-hour “Masterclass: Build Your $5-Million High-Net-Worth Practice,” with one-on-one coaching. Attendance limited. View Details Here.

As part of the Discovery process, you are ascertaining who your wealthy clients can refer to you. In empirical study after study, accountants (as well as other professionals) say that they get most of their client referrals from their current clients. They also say that this happens because they do an excellent job for their clients.

MORE: What the Wealthy Want | The Four-Step Process for Client-Focused Business Development | Building a High-Net-Worth Practice During COVID-19 | The Essential Process for Building a High-Net-Worth Practice | What the Wealthy Need | Setting Financial and Practice Goals During COVID-19 | 4 Components of a High-Net-Worth Practice | Life Insurance as Part of Wealth Management | Mistresses, Mister-esses and Accountants | The Coming Boom in Tax Services for the Super-RichGoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Another insight we find in the research is that very few professionals are doing much to foster getting referrals from their highly satisfied clients.
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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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What the Wealthy Want

https://cpatrendlines.com/2020/10/14/maximizing-wealthy-client-relationships/Remember:  When managing high-net-worth clients, it’s all about them, especially in the time of COVID-19.

By Anthony Glomski and Russ Alan Prince
Your $5-Million High-Net-Worth Practice

Take a moment to consider:

How hard is it to find and bring on a wealthy client?

What does it take to keep a wealthy client highly satisfied and doing more business with you?

MORE: The Four-Step Process for Client-Focused Business Development | Building a High-Net-Worth Practice During COVID-19 | The Essential Process for Building a High-Net-Worth Practice | What the Wealthy Need | Setting Financial and Practice Goals During COVID-19 | 4 Components of a High-Net-Worth Practice | Life Insurance as Part of Wealth Management | Mistresses, Mister-esses and Accountants | The Coming Boom in Tax Services for the Super-Rich
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It commonly takes a lot to win a wealthy individual or family as a client. It takes a lot of effort to keep the wealthy as clients, let alone do more business with you. Not only must you deliver top-quality expertise, but you often need to create a sensational experience. You must build a high level of rapport. Yet, a great many accountants are not maximizing their relationships with their wealthy clients.
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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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Go from Work-from-Home to Work-Anywhere

From working remotely to working anywhere.
From working remotely to working anywhere.

Put a spin on remote work.

By Rick Richardson

Ever since the pandemic began, many knowledge workers have continued their employment responsibilities from their homes. But now, with many employers extending the remote-work timeframe well into 2021, it may be time to consider working from a residence that’s in a far more pleasant location.

MORE TECH THIS WEEK: 5G Timeline for Vehicle Automation | Alexa’s Moving into Your Next Apartment | Can Google Kill the Business Card? | Creative New Business Models and Strategies for the Virus Era | Free Service Makes Better Passwords | COVID-19 Contact Tracing App by Google, Apple Piloted in Switzerland | Emerging Tech Gets Bipartisan Boost
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If you are a remote worker tired of sitting all day at your principal residence or working in grey cubicles at a remote office, here’s a group of exotic locations that offer you not only a stunning change of scenery but also dependable internet speeds and infrastructure necessary for remote work. From pristine beaches to tropical rainforests and paradise islands, there’s something in this list that is sure to make you want to book your ticket now and even consider these locations for a leased or purchased second home.
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