Eight Advantages CPAs Have Over Financial Advisors
What if we flip the switch, and instead of hiring client-facing advisors based on what’s good for the financial services company, we select them based on what’s best for the client? This is exactly how family offices hire their directors, and the result is the highest level of success, satisfaction and sustainability in the industry.
Logisticians: Better For Family Offices than Executives?
The financial services industry seeks strong persuasion and influence traits because the welfare of their shareholders is paramount–and that means finding new clients is job #1. On the other hand, the more stable, detail-oriented and responsible Certified Public Accountant is a much better prototype for a director’s role in family offices.
Tax Pros: Put Intention Into Your Growth by Auditing Your Marketing Mix
Marketing is data storytelling, the high art of the tax professional. In this blog, we try to help translate foundational marketing principles into a language CPAs and EAs can understand.
CPAs Can Look To Aesop For Success
CPAs operate in a world of objective truth, and that provides them with powerful advantages. But, given that the CPA can’t use persuasive techniques of the sort that salespeople do, CPAs will have to rely on a slow and steady campaign of education if they want to offer a broader scope of services to their clients.
The Three Questions Every Tax Professional Should Answer This Summer
CPAs and EAs must understand and quantify the threat from artificial intelligence and its related trend, commodification. The wise tax pro will use this time between tax seasons to turn those threats into opportunities.
The Hippocratic Oath and Entrepreneurial CPAs and EAs
The Certified Public Accountant or Enrolled Agent operates in much the same way a medical doctor does. But the healthcare industry and the financial services juggernaut are two very different environments. While the doctor’s prescriptions are typically filled with total concern for the patient, the sales-dominated world of wealth management is riddled with conflict.
For CPAs: Dos and Don’ts For Firing Unwanted Clients
Before letting low-billing tax preparation clients go in favor of more robust client relationships, tax pros should carefully assess the potential in every relationship. Here are some do and don’ts to make sure you don’t inadvertently say good-bye to real long-term value.
Five Reasons Artificial Intelligence Is Not A Threat To Tax Professionals
Artificial Intelligence is a tool for accounting, as a hammer is a tool for carpenters. AI isn’t your competitor; other accountants are.
10 Tips for Tax Pros to Attract Better Clients
Tax pros don’t need—or want—more tax prep clients. They need better ones. A better client will do all kinds of wonderful things for you, and the best news is that your existing clientele is eager to become better for you.
The Persistence of Tax Season
Threats to the accounting industry are nothing new. CPAs and EAs should view artificial intelligence as a productivity tool, one that allows them to focus on more profitable and margin rich activities, like strategic planning and implementation consulting.