The Accounting Industry

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3 Ways to Grow Your Accounting Business Post Tax Season

Now that the delayed tax season is mostly over for accountants and other business professionals, the real work is just beginning! I am referring to showing your clients they still need you to help make their businesses a success.

Obviously, doing taxes is an important component of your services, but now is the time to show how you can provide so much more. Here are three things you can do post-tax season to bring value to your customers.

1. Become an Industry Expert

The more you know about the specific industries your small business clients […]

2020-08-26T09:02:24-07:00August 26th, 2020|Categories: Growth and Expansion|Tags: |

What Kinds of Liability Should Accounting Professionals Be Concerned About Right Now?

Minimizing legal risks to your business has always been important. However, with so much uncharted territory and change within the current environment, it has become especially critical to look out for situations that could become problematic liability issues for your firm.

Stephen Covey once said, “If there’s one thing that’s certain in business, it’s uncertainty.”

That has never been more accurate than now. With the coronavirus pandemic persisting, nearly every company in every business sector faces uncertainty. As accounting professionals, these times of uncertainty bring a double dose of challenges your way:

  • Your own […]
2020-07-02T10:03:33-07:00July 2nd, 2020|Categories: Ongoing Management and Protection|Tags: |

Are Your Accounting Clients Worried About a Recession? Why They Need You Now More Than Ever

As far back as October 2019, half of Americans were already concerned a major recession was on the horizon and now that concern has become a reality, according to top economists. According to the National Bureau of Economic Research, the U.S. economy actually stopped growing in February this year, following an economic expansion that lasted more than 10 years. And, it all happened fairly quickly as the COVID-19 pandemic effectively shut down the economy and compounded unemployment.

So, it’s not at all surprising your accounting clients are worried about the recession. It’s up […]

2020-07-02T06:22:40-07:00July 2nd, 2020|Categories: Ongoing Management and Protection|Tags: |

Post-COVID Marketing Strategies for Accountants

Clients need their accountants more than ever in our post-COVID-19 world. Whether it’s getting ready for the extended tax deadline, figuring out how to utilize government relief funds or how to start a new business in a recession, accountants need to make sure their services are in the foreground of their customers’ needs.

Here are five post-COVID marketing strategies for accountants to win and keep clients for the long-term.

Establish the Business as Post COVID-19 Experts

As the economy struggles to get back on track and clients have specific questions on how to file […]

2020-07-01T08:56:48-07:00July 1st, 2020|Categories: Crisis Management|Tags: |

4 Reasons Why a Recession Is a Good Time for Your Clients to Start a Business

With all the uncertainty in the world right now, you might think your clients are crazy to consider starting a business in 2020, but don’t be so sure. There are numerous examples of successful businesses that started during a recession, including Microsoft and Burger King.

Startup entrepreneurs are inherently bootstrappers and agile thinkers, willing to put in the time and effort to hurdle any problem thrown their way, including a weaker economy. The latest survey from SCORE looked at The Impact of COVID-19 on Startups and found 18.4% of startups have scaled their […]

2020-06-18T06:05:34-07:00June 18th, 2020|Categories: Startup and Launch|Tags: |

Help Your Clients Stay Compliant in a World of Information Overload

Your business clients are dealing with a barrage of information as the coronavirus pandemic evolves. The deluge of new requirements, rules, and recommendations related to COVID-19 has become overwhelming for many entrepreneurs. As a result, some of them may have temporarily lost sight of their ongoing business compliance filings.

They need your help!

Fortunately, many state governments have deemed professional services providers in the financial and legal industries as essential. Even if your business is under stay-at-home orders, you have ways to serve your clients remotely by embracing technology tools, like video conferencing. This […]

2020-05-11T09:22:09-07:00May 11th, 2020|Categories: Ongoing Management and Protection|Tags: |

Tax Savings Features of Corporations, S Corps and LLCs Under TCJA

The Tax Cuts and Jobs Act (TCJA), made tax law changes that affected every business. Deductions, depreciation, tax credits, and corporate tax rates will make filing taxes different for you and your clients this year. Generally speaking, most of your business clients will do well under the TCJA, but there are a few tax breaks that have been lowered or eliminated. Here’s what you need to know.

Changes for Corporations

Corporations will feel the biggest impact from TCJA, primarily in a positive way. Pre-TCJA, corporate tax rates were similar to individual tax rates, in […]

2020-01-13T10:02:25-08:00January 13th, 2020|Categories: Ongoing Management and Protection|Tags: |

How to Start an Accounting Business

Whether you’re a finance major fresh out of college or have been working in an accounting firm or department for years, I’ll bet you’ve thought about being your own boss. There’s a lot to consider when exploring how to start an accounting business. Let’s dig into the necessary steps and mistakes to avoid.

Starting an accounting business offers an opportunity to chart your own professional course and enjoy the flexibility and control of self-employment. Of course, there’s plenty of research and work involved in the process. You’ll want to be thorough and well-informed as […]

2019-10-23T11:01:39-07:00October 16th, 2019|Categories: Startup and Launch|Tags: |

Help Clients Choose What Is the Best Business Structure Without Fear of Unauthorized Practice of Law

What is the best business structure? Here's how to help your clients (and boost your revenue) without illegally engaging in the practice of law.

2019-12-30T15:15:49-08:00March 14th, 2019|Categories: Growth and Expansion, Partner Program, Startup and Launch|Tags: |

How to Hire a Ghostwriter for Your Accounting Blog

Does your accounting business need a blog? Yes, web content like blogs helps your business rise in the search engine rankings. So, if your business website doesn’t have a blog, it’s time to create one. If you already have a blog, are you keeping it current? When potential clients see a website with an outdated blog, it immediately gives them cause for concern.

But, you may be thinking, you’re so busy running your accounting business, you don’t have the time to create and maintain a blog. Why not hire a ghostwriter to write […]

2019-12-30T07:22:46-08:00August 9th, 2018|Categories: Growth and Expansion|Tags: |
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