As CPAs, when we think about our clients and small businesses facing tax and financial reporting issues, we typically have a hard time articulating value to our clients and prospects. I think we can group our contributions into three major areas: 1. Compliance (Painkillers) 2. Making Business Decisions (Moving the
Here’s a nightmare scenario: Suppose a client had wealthy older parents. They had enough cash flow to live a comfortable life and made investments along the way. However, when the client’s father died, many securities in certificate form were left in the father’s name only, not to mention the safety
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QuickBooks is an accounting and bookkeeping software that comes along with the feature of creating and maintaining your recurring invoices. A Recurring Invoice is an invoice that is sent to your customer in regular intervals of time. Sending this manually every time can become a huge task, and here comes
“Touch it once” is a key principle in efficiency. It boils down to the idea of essentially handling things as they come across your desk. When I learned this principle, it was reinforced by a client who said, “The only way you can touch something once is to put it
COVID-19 shook the global marketplace. Overnight, businesses large and small had to find their footing in a radically adjusted world — with no clear roadmap for success. While some firms struggled, others found ways to thrive. As priorities shifted, how we communicated with clients and prospects changed as well. Now,
In an ideal world, once your firm selects a niche, your target clients would pop up and come to you. But in reality, you need to go to them. I’d like to share the steps we take to prospect and tweak them to apply to a CPA firm’s ideal clients.
Your freelance writer clients will always have write-off questions for you. As such, here are some pointed answers in the final article in this series on the correct forms to use for royalty reporting. A recent question came in from a freelance writer, claiming that some of her fellow self-employed
Investing in real estate is a great way to build wealth, and it’s a strategy that is increasingly used by businesses, rather than individuals. Because of this trend, many individuals who are interested in investing in real estate for the first time may be wondering whether they should buy an
A U.S. District Court judge found that federal prosecutors had withheld financial data from Mr. Avenatti, the former lawyer for the pornographic film actress Stormy Daniels. He faces a retrial.