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Why accounting firms should become business advisors

ThomsonReuters

As accounting firms look to differentiate themselves from the competition, one trend is leading the way: business advisory. From advising on mergers and acquisitions to specializing in accounting and advisory in your clients’ specific industry, there are many ways to take advantage of this unique opportunity.

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Accounting advisory: What you need to know

ThomsonReuters

In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients?

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Safeguarding your practice: Rethinking client relationships as DIY tax returns become a reality

Mark Lee

Historically most clients stay with their accountant for many years. They generally move only when they feel their accountant doesn’t care enough about them, puts their fees up significantly or messes up. My advice in this blog post about safeguarding your practice largely concerns only what I might call ‘simpler’ clients.

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Why your future clients could be very different to your current clients – and what you need to do about it

Mark Lee

The loyalty of current clients Here’s the truth (for most clients of most accountants): Whatever new developments, new opportunities, new tech, new laws or other changes come about in the next few years, very few of your current clients are going to leave you for another accountant. Maybe they wanted tax advice too.

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Making Hispanic business beautiful

Xero

Yet, no matter how good technology becomes, small businesses will always need the advice, support and coaching from an accountant or bookkeeper to enable long-term business success. Can you share your founding story and why you started your firm? From there, we can project and model the future for that business. .

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Accounting Basics for Small Business: A Simple Guide

Snyder

However, delegating doesn’t mean staying out of the loop completely, especially when it comes to business finances, primarily accounting. Accounting is the language of numbers. What is small business accounting? Basic steps in accounting for small businesses. Open a business bank account. Contents: 1.

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Disadvantages of LLC: Don’t Believe All The Hype in 2021

LyfeAccounting

As an accounting firm, we get asked all the time. Essentially, it is a business entity that you can set up for your business. So if someone sues your business and you lose then the only thing that they can go after legally are assets within your business. “What should my business entity be? Let’s get into it!

Legal 52