With the end of tax season upon us, and extensions filed, it is safe to say that CPAs everywhere have earned a much needed vacation. However, before putting this year’s tax season behind you, take a moment to reflect on the following key questions: What went well and smoothly this season? What gave you the… Read More
Tax season is almost over. For many CPA firms this is a critical time of year from a revenue and profitability standpoint. Most firm will call their tax season a success if they have happy clients and no A/R issues once the work is complete. There is a third leg to this stool – stopping… Read More
It has been said time and time again that laughter is the best medicine. During the chaos of the busy season, laughter can definitely help alleviate the tension of the daily grind. Below you will find several Inspirational quotes that will help lighten up your spirits as the last month of Tax Season draws… Read More
In a recent survey, CPA firms were asked what process related headaches they would like to reduce or eliminate. Here’s what they said: Bottlenecks that slow things down (mentioned by 48 percent of respondents) Duplication of work (46 percent) Poor interaction between departments (39 percent) Difficulty locating needed documents (33 percent) Lack of business process… Read More
We all know that Engagement Letters are necessary for properly outlining the scope of work, cost, the expectations of your client and your firm, and the time to completion. Unfortunately creating and executing the letter has become a burden for many CPA firms. When asked, the following list of concerns continually up: Updating or making… Read More
All over the U.S., Accountants are starting to burn the midnight oil. From now until April 18th, the most common words you will hear from any accountant in your life is “It’s tax season and my day is jam packed!” In order to avoid burnout, here is one easy tip for a healthy tax season… Read More
While searching for this week’s blog post, I came across an article that was written in 2016 in the midst of tax season. As expected, the article was about handling the stress of busy season, however the tips and advice were from actual accountants, not random experts trying to tell accountants what to do. Although… Read More
Accounting firms have long held troves of client data, but few firms knew how to effectively leverage all that data. Now, big data has become a buzzword in the profession, and it’s impacting nearly every aspect of auditing, tax, accounting and advisory services. With the technologies available today, firms can collect, organize and analyze enormous amounts of data. The… Read More
