Tax and accounting groups urge IRS to set up Practitioner Services division
A group of stakeholder organizations within the IRS are trying to implement the Taxpayer First Act. This group includes popular firms such as H&R Block and the National Association of Tax Professionals. When talking about a practitioner service division, they should engage with the tax community, make sure that feedback is given to a liaison, […]
How Will Small Firms Pass on Ownership to the Next Generation?
Small accounting firms are having to think how to pass down their businesses when the current managing partners retire. Stephen Remy owns a CPA firm and has seven children. None of his children want to take over the family business. One of his sons told him that he has no interest in becoming an accountant. […]
US should Adopt reform of goodwill Bookkeeping
The idea behind goodwill bookkeeping hasn’t been favored by all. The concept hasn’t seemed to help those that have used it. This could be, however, because they just haven’t utilized it enough. Some of the accountants that have tried to use it haven’t found that it was useful enough to adopt. Not knowing specifically how […]
Tax season could bring more refund confusion
Every time there is a new president in office, there is some anxiety as to whether or not there will be an increase in everyone’s tax refund. It’s hard to know specifically what laws that are in effect will do to everyone’s tax refund. Last year it seems that it was about the same, but […]
Is Word-Of-Mouth Marketing the Best Way to Attract New Clients?
Word-of-mouth referrals have always been very important for businesses. For years, people have always counted on a recommendation from their friends or family on where to shop. It’s still very important for businesses to get good referrals but a lot of people want to see reviews on the internet. If your business has a good […]
Small businesses should spend additional time on tax return
The worst thing to do with your taxes is to procrastinate. If you do it in December, the tax accountants can help you prepare for the tax and plan all the deductions. They can help you deduct expenses that you didn’t even know about. There are a lot of tax changes in 2020 that could […]
Who’s Afraid of the IRS? Not Facebook.
When Sheryl Sandberg left Google to become Facebook’s COO, she set her sights on reducing the company’s tax burden. Facebook placed its international headquarters in Dublin in order to pay lower taxes. The Irish company setup by Facebook then claimed it had management in the Cayman Islands, allowing Facebook to avoid even the low Irish […]
How to Forecast Your Practice Growth
If you are a business that needs clients to succeed, you need to be asking yourself some questions. First, figure how you can get more client appointments and figure out who to network with to get some referrals. Also look at your brand and make sure you are offering enough value to clients. If you […]
Can You Really Grow Without Adding Clients?
Being profitable without any new clients seems a little out there but consider these facts; the clients you already have you can up-sell. They already know your products, have used your products and trust your products. But how long can you survive on this method before you blow through your entire client base? This is […]
8 Easy Ways to Get Inbound Links for Your Tax and Accounting Website
A visitor can go from one website to another by using links. If your website needs more customers, you can use different type of inbound links to get more customers. You can participate in blogs or do your own blog and have a link at the end. Give a review to one of your customers […]