Tag: cpa accounting firms

5 Remarkable Moves for CPA Firms to Step-up Revenue Post-tax Season

Posted on 03/08/2018

CPA accounting firms must be breathing a sigh of relief post-tax season, after a hectic lap of tax filing this year. Successful firms don’t stop with a January to April alliance with their clients, but continue to do business with them throughout the year.

Find out how CPA firms can gain revenue effectively post-tax season.

5 Remarkable Moves for CPA Firms to Step-up Revenue Post-tax Season

1. Extend consultations to existing clients

A little twist to an old saying goes, “Make new clients, but keep the old, one is silver, the other is gold!” Client retention is the key to build steady revenue. It is cost-effective to extend new services to existing customers rather than spend money on acquiring new customers.

Clients who approach you for tax filing consultation may have issues in financial accounting too. The IRS Oversight Board says, about 60 million taxpayers, constituting 37% of the total filers for income tax, contact the IRS for various reasons. Clients will come back to you when they receive a notice or email from the IRS. Usually, they are charged on an hourly basis for expert support whenever necessary.

2. Extend advisory services and asset management services

Individuals opting for services of tax filing may not necessarily return for other accounting and financial services. Encourage clients to communicate with you and connect with you whenever they have questions or issues at hand. Communication through emails, postcards and newsletters are popular ways of being in touch with your clients.

3. Make the customer experience a priority

Generally, customer retention and customer service are never the focus of accounting firms. When your satisfied customers have a pleasant experience in resolving their issues, they would spread the word around. Such referrals are bound to bring you more customers. Request for regular feedback from your clients to help enhance your customer service.

4. Extended other accounting services –payroll, bookkeeping and bank reconciliation

The clients of cpa bookkeeping services are offered additional services such as payroll, bank reconciliations, and bookkeeping. The clients must trust you enough to try other services as well.

When it comes to hiring experienced staff and new infrastructure, contact us for complete dedication and delivery on time of various bookkeeping services.

5.Extend professionalism

When you understand the inherent financial situation of your clients, you can develop a strong bond by being proactive. Build a niche for your firm by providing services to a target group. Clients like to approach, skilled accountants in their specific field of business. Stay on top of the game by updating your knowledge constantly on changes in regulations and policies announced by the Government.

Extending more bookkeeping services to more clients will invariably mean hiring more accountants for your firm. A better option is to outsource your work to specialists in this line of work. Look for accounting professionals who are imbibed with qualities to be current, consistent and compliant. Contact us today and take advantage of our expertise in bookkeeping services.

Topics: Accounting firms , CPA


Have You Tried SmartSourcing?

Posted on 05/10/2017

We keep iterating that running a business is nothing short of the 12 labors of Hercules. But if done right, you stand to attain an immortal business! Well not that dramatically, but certainly quite close. For CPA and accounting firms, it is easy to relate to the fact, that there are not enough hours in the day to do everything that needs to be done.

It could take eons for one man to build a tower, but leave 10 men to it and the productivity increases manifold! The key here is to find 10 men with the right skills – and that is what smart sourcing is all about! We present to you the top 3 areas in small business bookkeeping and small business accounting that can be smart sourced to positively propel your business.

small business accounting

Smart sourcing literally comes down to smart outsourcing. Instead of randomly hiring people for your small business accounting, you need to figure out the areas where outsourcing can add the most value. We’ve outlined 5 top skills that can add the most value to your small business accounting when outsourced to the right organization:

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PAYROLL
Regardless of the size of your business, smooth payroll is the key to happy employees (your biggest asset). 90% businesses find that outsourcing payroll is a healthy alternative. Try it and find out today, why all your competitors are winning at employee relationships. Velan adeptly handles small business accounting, small business bookkeeping, payroll & taxation.

We offer specialized outsourcing services for CPA and accounting firms who handle payroll for their clients. Contact us to find out more! CPA and accounting firms at a global level, trust Velan to deliver quality coupled with quick TAT.

FINANCIAL REPORTING
The need of specialized experience becomes clear when looking at financial reporting. Hiring an efficient resource for financial reporting is the difference between getting by with small business bookkeeping or small business accounting and using bookkeeping to help your business grow!

Smart sourcing your financial reporting is not just another way to spend money on your business, but rather the right way to spend money on your business. Save money by hiring skilled resources from Velan Bookkeeping!

WE LOVE BOOKKEEPING
As a closing note, Velan resources are cloud-ready and well-versed with most cloud-based accounting software such as MYOB, SAGE, PeachTree, CSA, QuickBooks etc. So if you’re a CPA or accounting firm, we’re teeming with experienced and certified resources!

Small business bookkeeping and small business accounting are best left to experts and that’s why you need to entrust outsourcing to a reliable organization like Velan Bookkeeping. A lot of our clients are CPA and accounting firms who’ve reported significant savings and growth by outsourcing to us.

Call us today @ +1-860-215-4997.

Topics: Accounting