Importance of Effective Client Communication for Tax Preparers
Business Success Solution - Business Coach
by Ramtin Khah
3w ago
Importance of Effective Client Communication for Tax Preparers Communication between a bookkeeper and their client is an essential relationship in the business world. How bookkeepers and accountants communicate with their clients is everything when completing services for them and can lead to a job well done and a returning client. Clients entrust bookkeepers and accountants with important and detailed financials, so it is vital to have clear and exceptional communication when dealing with one’s finances. Below are some tips on how to improve one’s communication style when helping bookke ..read more
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Career Advancement for Bookkeepers: Strategies to Boost Your Income
Business Success Solution - Business Coach
by Ramtin Khah
3w ago
Career Advancement for Bookkeepers: Strategies to Boost Your Income In financial accounting, bookkeepers remain an important part of the industry, entrusted with the task of safeguarding the financial health of organizations, families, and individuals. Yet, despite their indispensable role, bookkeepers often find themselves confined within the boundaries of a stereotype—a perception that sees their profession as a mere stepping stone to more financially lucrative careers within the financial accounting industry. However, this misconception is filled with career advancement opportunities ..read more
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Pricing Strategies for Bookkeeping Services: Maximizing Your Profit Margins
Business Success Solution - Business Coach
by Ramtin Khah
3w ago
Pricing Strategies for Bookkeeping Services: Maximizing Your Profit Margins Pricing is often considered one of the most important strategies to nail down when exploring options to expand one’s bookkeeping or accounting practice. So much of one’s work as a bookkeeper or accountant involves repetition, completing the same or similar tasks for your clients over and over again. Since one often has multiple clients, there is no reason to renegotiate pricing with every new client, so figuring out a consistent pricing system is key to optimizing one’s time and service revenue. Below are some fa ..read more
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Maximizing Potential: Why Every CPA Needs a Business Coach
Business Success Solution - Business Coach
by Ramtin Khah
2M ago
Maximizing Potential: Why Every CPA Needs a Business Coach In the competitive world of finance and accounting, Certified Public Accountants (CPAs) are considered top-tier accounting professionals. With their extensive knowledge and expertise, CPAs are sought after for their ability to provide valuable financial guidance and maintain the fiscal health of businesses and individuals. However, while CPAs excel in their technical skills, they can often benefit immensely from another type of support: a business coach. What is a CPA? Certified Public Accountants (CPAs) are highly educated and ..read more
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Top Practical Strategies for Tax Preparers to Increase Their Revenue
Business Success Solution - Business Coach
by Ramtin Khah
2M ago
Top Practical Strategies for Tax Preparers to Increase Their Revenue Increasing profitability is a fundamental part of growing a business, especially when it comes to maintaining a full-fledged, successful tax preparation practice. For small to mid-sized tax preparation and accounting firms, there are plenty of strategies to do so. Whether a firm’s goal is to increase its overall headcount, sales, revenue, or decrease its expenses, here are six strategies to increase profitability and revenue in 2024. 1. Create a Referral Plan Word-of-mouth referrals are powerful for any business, let ..read more
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How to Price Your Advisory Services: A Strategic Guide to Maximizing Profits and Client Value
Business Success Solution - Business Coach
by Ramtin Khah
4M ago
How to Price Your Advisory Services: A Strategic Guide to Maximizing Profits and Client Value The number of accounting firms offering advisory services is steadily rising. Firms of all sizes are realizing the benefits of pairing advisory with compliance services. The ROI on this combination can skyrocket your firm’s profit margin. Value pricing is ideally suited for Client Advisory Services (CAS). Unlike the traditional hourly rate or fixed fee, which emphasizes time and costs, value pricing highlights your expertise. Value pricing, essentially, focuses on solutions and results. The stra ..read more
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Unlocking Success: The Role of a Business Coach for Bookkeepers
Business Success Solution - Business Coach
by Ramtin Khah
5M ago
Unlocking Success: The Role of a Business Coach for Bookkeepers What is a Bookkeeper Business Coach? A business coach is a professional who provides guidance, support, and expertise to entrepreneurs to help them achieve their goals and overcome challenges they encounter. Whether it is resolving logistical problems or communication issues, business coaches provide valuable insights in guiding bookkeepers through their business journey. In the bookkeeping world, business coaches play a crucial role in assisting bookkeepers to reach new heights of success. Accounting professionals often have ..read more
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Business Coach for Accounting Professionals
Business Success Solution - Business Coach
by Ziv Raviv
1y ago
Business Coach for Accounting Professionals No excuse for bad behavior Just because you’re an accounting professional, doesn’t mean you’ll be well respected by your clients. Basically, you set the standard. Clients, then, will follow your lead. So, do you tolerate clients who lack respect, are price sensitive who don’t value your services? As a business coach for accounting professionals, we fix that. Maybe you’ve experienced firsthand a client texting you at 8am on Sunday morning. When you don’t respond within 15 minutes, then another text pops up on your screen. And if your invoice ref ..read more
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Confidently Answer the “What’s Your Hourly Rate” Question
Business Success Solution - Business Coach
by Ziv Raviv
1y ago
Confidently Answer the “What’s Your Hourly Rate” Question What’s Your Hourly Rate Do you frequently get asked “What’s your hourly rate?” When you compete on price, you quickly answer with your prices. If your rate falls within their expectations, you talk further. If your pricing is outside of them, then they move on. Not all accounting professionals offer an hourly rate. If you separate your fees from time, then what do you say? Culturally, we’ve been trained to quickly ask about pricing. In reality, it’s a hollow question which doesn’t offer any valuable, relevant information. Responding ..read more
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This Bookkeeper Charges a $10,000 Minimum for Cleanup Projects
Business Success Solution - Business Coach
by Loren Fogelman
1y ago
Set Your Minimum for Cleanup Projects Do potential new accounting clients want to engage your services, but the financials are a mess? Maybe this new client did the books herself, but couldn’t keep up. Or, she outsourced it to someone else. But, that person’s work was questionable. Either way, with a quick review during the initial consultation you realize the financials don’t meet your standards. When that happens, do you have a set minimum for cleanup projects? Some bookkeepers quickly engage a new client into a monthly bookkeeping service. Then, clean up the financials along the way. The mo ..read more
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