Voices

Art of Accounting: Post tax season practice corrections

In response to a barrage of feedback from unhappy tax preparers, Rick Telberg of CPA Trendlines asked me to put together a webinar on how to make tax season better. I called the program “12 ways tax season can be better providing more effective client services while making more money and having more fun.” The webinar was a collaboration with Sandi Leyva of Accountant’s Accelerator.

I used as an outline many of the items in my column posted here on April 15, 2019. The format was similar to a previous webinar and included my fun quotient. The 12 Fun Quotient items are shown here, along with the intro and closing items:

1. It’s work, but there is no reason why you can’t have fun while doing it!

The more of what you do that seems like drudgery, the less fun you will have.

2. The better trained your staff are, the more fun you will have!

The less time and effort you spend on training, the less fun you will have.

3. The better supervised your staff are, the more fun you will have!

The less supervised your staff, the less fun you will have.

4. The better organized your firm is, the more fun you will have!

The less organized you are, the less fun you will have.

5. The more tax work you can get done before tax season, the more fun you will have!

The less you get done before tax season that you could get done earlier, the less fun you will have. (The webinar included a list of two dozen tax preparation transactions that could be done before tax season.)

6. The more extra tax season help you can get, the more fun you will have!

The less extra help you have, the less fun you will have.

7. The more energy your staff has, the more fun you will have!

The less energy your staff has, the less fun you will have.

8. The smoother the work scheduling, the more fun you will have!

The less smooth the work scheduling, the less fun you will have.

9. The more user-friendly you are to your clients, the more fun you will have!

The less user-friendly you are, the less fun you will have.

10. The better your admin staff perform, the more fun you will have!

The worse your admin staff perform, the worse will be your fun.

11. The more in sync the partners are, the more fun you will have!

The less the partners and managers are in sync, the less fun you will have.

12. The better the cash flow and profits are, the more fun you will have!

The less the cash flow and profits, the less fun you will have.

13. The better prepared for your vacation that you are, the more fun you will have!

The less prepared for your post tax season vacation, the less fun you will have.

14. The more new ideas or procedures you adopt, the more fun you will have!

The less new things you introduce into your practice, the less fun you will have.

CPA Trendlines and Accountant’s Accelerator have agreed to make a PDF of the 50 slides available to readers of this column for free by clicking here: https://accountantsaccelerator.com/ed-mendlowitz-handout/. The last time I offered to provide something for free I received over 700 requests that took me quite a bit of time to respond to — so I am passing this off to Rick and Sandi where it can be downloaded with no effort by me or on your part. Enjoy!

Do not hesitate to contact me at emendlowitz@withum.com with your practice management issues or questions.

Ed Mendlowitz's fun quotient chart

Edward Mendlowitz, CPA, is partner at WithumSmith+Brown, PC, CPAs. He is on the Accounting Today Top 100 Influential People List. He is the author of 24 books, including “How to Review Tax Returns,” co-written with Andrew D. Mendlowitz, and “Managing Your Tax Season, Third Edition.” Ed also writes a twice-a-week blog addressing issues that clients have at www.partners-network.com along with the Pay-Less-Tax Man blog for Bottom Line. Ed is an adjunct professor in the MBA program at Fairleigh Dickinson University teaching end user applications of financial statements. Art of Accounting is a continuing series where Ed shares autobiographical experiences with tips that he hopes can be adopted by his colleagues. Ed welcomes practice management questions and can be reached at (732) 743-4582 or emendlowitz@withum.com.