Tax Season Strategies

CPA Firms – Make the Most of this Tax Season with these Proven Strategies

The tax season is a hectic period for CPA firms every year, for the consecutive year, the Covid-19 effects have made things worse. There are last-minute regulatory and tax compliance changes to comply with. Clients need more information and clarity from CPAs. There is only one way for your CPA firm to win the battle,…

How to Beat Tax Season Stress? A Restaurant in Thailand Gives You a Hint!

My wife and I recently dined at a restaurant at Bangkok, Thailand. It is one of those restaurants where you place order for the ingredients – like fresh vegetables, uncooked meat and seafood, eggs, tofu and what not – all uncooked. On your table is an electric appliance – with a wide pan pot. Once…

Tax Season Tips: Train Your Brain to Focus

How to reduce your stress during tax season? You know that tax season is all about multi-tasking, to-dolists, workflow, stress, stretch and of course, earning. As a tax professional, your brain (and body) is really taxed during the tax season. As a service provider to the accounting and tax profession, I engage with several accountants…

In Search of Better Next Tax Season? You Want These Three Issues Managed Better.

Here are some startling but recent research report backed headlines on CPATrendlines:Staff Turnover Escalates into Epidemic at CPA Firms: Professional staff turnover has jumped by as much as 50% in one year, averaging now almost 18%. These results were across all firm size ranges.Accounting Firms Launch New War for Talent: Firms are hiring, and many…

How to get source documents from clients early?

The most popular poll (with keywords “CPA” and “Tax”) on LinkedIn revealed a very interesting insight into the minds of tax preparers. 26% voters expressly indicated that they wanted clients to turn in source documents in early. And 26% more voters wanted “Family, Healthy Meals & Seeing Daylight”, indirectly indicating that they want source documents…