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How Accountants Can Become a “Broker of Services”
Many accountants desire to reduce reliance on providing often-commoditized services such as tax preparation and financial statements, but how do you get your practice moving in another direction?
Many accountants desire to reduce reliance on providing often-commoditized services such as tax preparation and financial statements, but how do you get your practice moving in another direction?
Returns, rewards, whatever you call them, most people want to make something off of the money or effort they provide to a venture. And it’s human nature to try to get the greatest reward on the smallest input possible.
One of the amazing things about business is that when one industry prospers, outsiders often find a way to tap into that success. A growing industry can need new suppliers, distributors or back-office service providers, or a booming field may need new competitors.
What could your business do with an extra $1 million in cash? Borrow less? Invest in new equipment? Hire staff to help grow your sales?
Privately-held U.S. businesses had a great year in 2013, according to recent data from financial information provider Sageworks. But while dozens of financial metrics make it clear that companies had a lot going for them this year, what about the near future?
Visit us at http://sageworks.com In this short clip from one of our recent webinars, Lauren Prosser, Director of ProfitCents, points out that two-thirds of clients are not aware of your accounting firm's service offerings.
Some big-dollar tax deductions that affect businesses are set to expire in 2013, so now’s the time to make sure your company considers taking advantage of them for the current tax year. Doing so may allow you to buy more equipment, send less to the IRS, or both.
Analytical procedures are used by accountants in multiple levels of service, and they are critical to evaluating financial data and variations that occur in financial data. But selecting and documenting analytical procedures are subjective processes, so the area of analytical procedures is one that can cause frustration for accountants.