Grow Your Practice by Turning Common Challenges into Competitive Advantages Accounting Firms Operations and Technology Survey 2016 (AFOT Survey) revealed top challenges faced by accounting and tax firms. 20 key findings from this survey indicate that some issues are commonly faced by a majority of your competitors. One in 3 accounting firms faces workflow efficiency challenges, despite…
DetailsWhat is the greatest challenge in Accounting profession? Continuously evolving technology? Ever growing complexity in regulations? Competition? Fee pressures? Staffing challenges? Succession issues? Relevancy? Changing client expectations? Indeed, these are challenges, but what is the greatest challenge in Accounting profession? “How do I grow my practice without the expensive investment that I need for growth?”…
DetailsYou Get This Result When You DON’T Attend Conferences & Trade Shows “Glad that I stopped by”, said Victor, at AICPA Tech+ Conference in Orlando, one of the topmost conferences in the Accounting profession. I asked him “and why are you saying that?” His answers shocked me. Victor (real name), was an experienced CPA. He was…
DetailsWhat are your competitors thinking to be ahead in the game after tax season? Technology? Cloud? Marketing? Social media? Automation? Well, those are methods of “how to” implement their new initiatives to outcompete you. More important is to understand the “WHY” behind those initiatives. In recent few months, we interacted with several CPAs and Accountants.…
DetailsTax Season Stress: 5 Easy Ways to Detox Your Mind Neuroscience techniques to help you manage your tax season stress I am swamped – the same usual tax season stress! 6 CPAs told me this in just one day. It is very common for CPAs to face tax season stress. Clients start dumping documents onto CPAs, as…
DetailsTurn Tax Season into Four Seasons of Earnings Three ways neuroscience research can help you make more. It is tax season. If you are happy to complete tax returns fast and earn as fast as possible during the tax season, you would love to know how to be happier earning more from same clients even…
DetailsWelcome Sir! We have reserved a seat especially for you! For a few years when I worked at the Stock Exchange, every time I went to this nearby restaurant for working-lunch, the owner of the restaurant would welcome customers with a wide, warm smile, right at the door and tell each customer about “specially reserved…
DetailsHave you ever said “Clients don’t appreciate my value”? Accountants can let clients dump on them. (Remember clients calling in and taking away 30 or more minutes, for free?). It is good if you want to hone your skills i.e. to “practice”, but terrible if you want respect (and earn your worth). You need to…
DetailsThe Only 3 Ways Accountants Earn Entrepreneur’s Trust Deliver These Three Results to Ensure Success of Your Practice Entrepreneurs deal with uncertainty, all the time. And they look to accountants to deliver them some kind of certainty in those uncertainties. When accountants consistently deliver an ability for entrepreneurs to navigate their uncertainties in a better…
DetailsA FUNctional Take On “The Cloud and Accounting Profession”. Cloud has clouded the accounting profession over the last few years. Many accountants are “on the cloud” already. Everyone else seems to have heard of the cloud. And the BIG question on their minds is: (Whether) To be on the cloud; or not to be ?…
DetailsA FUNctional Take On The Accounting Firm of The Future! With cloud, automation, integration, more powerful software that can perform increasingly more complex decision-making etc., what does the future hold for the accounting profession? My take is that the biggest strength of the accountants will NOT deplete with the onset of technologies. It will just…
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