Mark Lee

NOVEMBER 7, 2023

l am regularly approached by accountants who want to know how they can get more clients. And many more accountants are asking each other similar questions in groups on facebook. They want short cuts, they want to know what works and what would be a waste of time and money. More clients’ is too vague.

Account 94

Account accountant accounted Start-ups 94

Xero

JUNE 21, 2023

You win, or you learn – that’s one of Tennick Accountants’ internal mottos, and one that encouraged the firm to put themselves in the running and enter the 2023 Xero Awards UK & Ireland. In our own eyes, we didn’t think we were doing anything revolutionary or new until we filled in the application form,” Graeme adds.

Account 118

Account accountant accounted accounting and finance 118

ThomsonReuters

NOVEMBER 28, 2023

Jump to: Reflect on your current tax workflow Use automation to boost staff engagement and retention Unlock growth opportunities With staffing shortages of epic proportions, the accounting industry is facing a crossroads. But where do you begin? How are you preparing and reviewing the tax return?

Technology 112

Technology Account accountant accounted 112

ThomsonReuters

APRIL 25, 2024

For accountants, you must also remind your clients that early distributions from qualified retirement plans or other tax-favored accounts may incur penalties and trigger the need to file Form 5329 – Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.

tax return 52

tax return income tax Tax Education 52

ThomsonReuters

JANUARY 4, 2024

Automate what you can 3. Delegate or outsource where you can 4. Take advantage of wellness benefits The numbers are in, and they reinforce the mental health challenges facing accountants. Long hours and heavy workloads are nothing new for many accounting professionals. Make a personal stress inventory 2.

Tax 71

Tax Technology payroll tax accounting careers 71

Mark Lee

DECEMBER 12, 2023

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. You are only at risk of losing clients if any of your clients are in group one.

tax return 94

tax return Tax bookkeeping bookkeeping services 94

CPA Practice

SEPTEMBER 12, 2023

You are in the home stretch of the year, and it’s time to think about how this quarter could impact Q1 of next year—the busiest time for some CPAs. You can continue your passive social media efforts, but are they really paying off? Take the questions your clients have been asking all year and cluster them into topics.

cpa firm 115

cpa firm CPA accounting and finance cpas 115

ThomsonReuters

NOVEMBER 9, 2023

As you analyze your staffing needs for the next year, consider the following: Embrace non-traditional talent. As you analyze your staffing needs for the next year, consider the following: Embrace non-traditional talent. Many firms are shifting their hunt for talent beyond the traditional accounting background.

tax planning 105

tax planning accounting firms Tax Account 105

Mark Lee

JANUARY 30, 2024

There are two types of accountants who use social media and Linkedin: Those who have learned what works FOR THEM, and Those who have bought into the hype and HOPE that what are doing will prove to be worth the time and effort. Unfortunately, the vast majority of accountants seem to fall into the latter category.

Account 92

Account accountant accounted tax return 92

Mark Lee

OCTOBER 3, 2023

Before delving into the strategies that can help you win and maintain clients for your accountancy practice, I must manage your expectations. There’s no magic bullet or hidden secret that will replace everything you already know about client relationships. NB: Spoiler alert: I am NOT perfect. I make mistakes.

Account 93

Account accountant accounted Start-ups 93

Mark Lee

OCTOBER 31, 2023

You’re not alone if you’re fed up of hearing commentators, software vendors and app developers tell you what your clients are thinking. They are speculating and many are simply repeating what they have heard others say; and then mistakenly think these messages resonate with you. Not that they know of course.

tax return 92

tax return bookkeeping bookkeeping software accounting and finance 92

SchoolofBookkeeping

MAY 12, 2023

If you're a QuickBooks accounting professional, you may have noticed a recent change in how new subscriptions to QuickBooks Online are handled. Well actually, you probably haven't noticed it because the process is part of the setup interview that most people may not even realize what's happening. harm no foul.

quickbooks 98

quickbooks Account accountant accounted 98

Mark Lee

NOVEMBER 21, 2023

One of the strangest things I hear about from accountants are how many clients they have who R eject, A void and S hun H elp. Do you have any like that? They still pay your fees but you’re not sure that you are doing your best for them. Every accountant has some of these.

Account 94

Account accountant accounted Tax 94

ThomsonReuters

OCTOBER 27, 2023

Doing good things for the right people for the right reasons can be very rewarding. But, many accounting firms offering pro bono services fail to take a strategic and organized approach, opening themselves up to a host of potential challenges. But compassion does not need to be accompanied by impulsivity.

Account 59

Account accountant accounted accounting firms 59

Xero

OCTOBER 1, 2023

Aside from facing hefty fines and costs, you may never fully recover the trust of your customers and clients. Even if you feel pretty confident about your security processes, it’s worth reviewing the basics. What are they looking for? And how do they get it? Who are they? Why are they stealing information?

Start-ups 111

Start-ups Account accountant accounted 111

Mark Lee

JANUARY 9, 2024

There’s a simple equation: More leads = more clients = more fees = more profits. For the equation to work the leads we generate need to be those we want. Typically that means people who need and can afford our services; and who are the type of people who we would be happy to have as clients.

Start-ups 93

Start-ups Tax Gaming Account 93

ThomsonReuters

MARCH 21, 2023

It’s probably happened to you before. A client comes in to drop off all their tax prep information and stops to ask you a “quick question.” ” It’s a question that is easy for you to answer, but one that has nothing to do with the work you do for the client.

CPA 97

CPA Tax tax return accounting firms 97

ThomsonReuters

FEBRUARY 23, 2023

Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients.

Tax 105

Tax Expense Reimbursements Education Account 105

Ryan Lazanis

SEPTEMBER 19, 2023

In this post, we’ll discuss key considerations for effective accounting website design and showcase a variety of inspiring examples that can guide your own creative approach. 1) Focus on the Client Your website is a marketing tool that will communicate how you will improve the lives of your clients. Let’s go!

Account 98

Account accountant accounted bookkeeping 98

Mark Lee

MARCH 12, 2024

I hope you would agree that clients choose you as their accountant because they believe that your services will be of more value to them than those of a cheaper accountant. Or else they stay with you because you are cheap. they don’t know what they like, want or need.

Non-Profits 52

Non-Profits Account accountant accounted 52

ThomsonReuters

JANUARY 8, 2024

Automation of routine tasks One of the most significant ways AI has revolutionized the tax and accounting profession is through the automation of routine tasks. By automating these mundane tasks, tax professionals can allocate more time to strategic planning, analysis, and providing valuable insights to their clients.

Tax 101

Tax Account accountant accounted 101

Mark Lee

AUGUST 29, 2023

Some accountants just want to work for anyone who can afford them and who will engage them. Some accountants have more specific aspirations. And some accountants have very specific prospective clients in mind. All are perfectly reasonable approaches – as long as you do more than simply hope and dream.

Account 81

Account accountant accounted Start-ups 81

ThomsonReuters

JULY 6, 2023

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?

Account 88

Account accountant accounted tax return 88

ThomsonReuters

JULY 6, 2023

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.

accounting firms 98

accounting firms Account accountant accounted 98

ThomsonReuters

MAY 19, 2022

Unfortunately, businesses often make assumptions about what their clients want. Sometimes they miss the mark, which can lead to misunderstandings, unmet expectations, and potentially dissatisfied clients who eventually take their business elsewhere. Increase client communication, value. That is key.

Tax 105

Tax tax return accounting and finance accounting firms 105

ThomsonReuters

FEBRUARY 23, 2023

Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients.

Tax 98

Tax Expense Reimbursements Education Account 98

ThomsonReuters

JULY 6, 2023

If you are an accounting professional who has been contemplating a change in career path, you’re not alone. Accountants have the knowledge and experience necessary to work as trusted advisors to the public or within a company, so your certification qualifies you for a variety of career paths. But where do you start?

Account 98

Account accountant accounted accounting and finance 98

ThomsonReuters

JANUARY 4, 2024

Jump to: Utilize short-term staffing solutions Incorporate AI and automation into your workflow Become a strategic advisor As accounting firms usher in 2024, it’s important to take a fresh look at the business landscape — both its challenges and its opportunities — to best prepare for the year ahead.

tax planning 78

tax planning Tax Technology tax return 78

ThomsonReuters

AUGUST 1, 2022

The public perception of accountants is typically described as compliance processors or number crunchers—people who balance books and prepare tax returns. Unfortunately, this limited view clouds the true value of accounting professionals and can lead to some people choosing do-it-yourself tax software. What are their challenges?

tax return 97

tax return Tax Account accountant 97

Xero

AUGUST 3, 2023

Xerocon is fast approaching: the best forum to hear about the latest innovations within Xero, get inspired and connect with other accountants and bookkeepers. What are the key pain points in your practice? Where do you find yourself spending too much time and energy? What do your clients need most?

bookkeeping 79

bookkeeping Start-ups Maine Account 79

Withum

FEBRUARY 7, 2023

This is the 1,058 th blog I have posted in the last 11 years. My first blog was posted on February 7, 2012, and it seems like a long time ago and also seems like yesterday. Time flies when you enjoy what you are doing and also when you are engaged in new things.

public accounting 59

public accounting Start-ups Account accountant 59

Shay CPA

FEBRUARY 28, 2024

Don’t forget to look behind you, though. Even as you vision-cast for the year ahead, you need to wrap up the year behind you. Don’t shoot the messenger: it’s time to do your taxes. Yes, you technically have until April 15. But getting a jump on things now can save you a lot of hassle.

Tax 52

Tax CPA bookkeeping tax preparation 52

Mark Lee

JANUARY 23, 2024

Let’s start with something few people who create websites will tell you. Your website won’t generate ANY leads for you unless the right people look at it. It’s also NOT a post about blogging or regularly updating your website in an effort to attract more search engine traffic. How might that work in real life I wonder?

Tax 52

Tax Start-ups Account accountant 52

Mark Lee

MARCH 21, 2023

I wonder if you make an all too common mistake. We all hope that clients will want us to provide a range of services to them. And we hope that clients will recommend and refer us to other prospective clients too… But, as I frequently point out, ‘hope’ is not a strategy. A long time ago.

bookkeeping 97

bookkeeping Tax tax return Start-ups 97

ThomsonReuters

MAY 5, 2022

Each year, tax time is an opportunity to expand your accounting firm’s client base. Leading up to tax time, there are potential clients ranging from individuals to major corporations who may be on the hunt for a new tax preparer. What’s important to keep in mind, however, is attracting and maintaining the right clients.

accounting firms 96

accounting firms Tax Real Estate Account 96

Ryan Lazanis

MAY 17, 2022

If you’re looking for the best marketing for accountants’ strategies, you’ve come to the right place. In this post, I’m going to outline 18 of the top strategies working well right now to help you attract clients. Let’s check them out! Marketing for Accountants 101. 1 Get Blogging. #2 8 Write a Book.

Account 98

Account accountant accounted accounting firms 98

ThomsonReuters

JULY 6, 2023

If you’re a tax and accounting professional, you’ve likely found yourself answering numerous questions related to your clients’ tax returns. That’s why many accountants are embracing the profitable shift to tax advisory services. That’s why many accountants are embracing the profitable shift to tax advisory services.

Tax 98

Tax tax return income tax audit 98