20 Ways to Get More Clients (Part 1 of 4)

20 Ways to Get More Clients (Part 1 of 4)

For Accountants
We know getting accounting clients is not an easy feat, especially for rookies. So we compiled several tips and tricks that worked for a lot of other accountants that we know and us.What’s more:We made sure this list applies to our local accounting environment. Hence, you’re assured you won’t run out of ways to score accounting clients:Ads (Boost post on LinkedIn)Did you know that LinkedIn gives you $50 you can spend on boosting posts or what we call ads?If you create a page for your service, LinkedIn offers a $50 coupon you can use. With this amount, you can promote your page, your posts, or your website.Just make sure it is optimized for maximum reach and reactions.If you’re not sure how to do it, let the experts guide you. Digital Marketing…
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2 Criteria That Will Get You More Accounting Clients

2 Criteria That Will Get You More Accounting Clients

For Accountants
Getting more accounting clients is probably every accountant’s goal. Hence, we have a list of things to include in our practice so we can reach more market. But did you know getting more customers do not really need rocket science? Blake Oliver shares you only have to consider only two criteria: Ease of use Price Before discussing these two points further, let us just clarify that these points are actually the top criteria that business owners ruminate on when choosing who to bank with. But as an accountant, you can also apply these to your practice. Ease of use In the accountants’ world, ease of use may translate to client-friendliness. If you enjoy shopping at a place where the salespeople are mataray or unapproachable, something may be wrong with you.…
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6 Innocent Things You Do that Hurt your Practice

6 Innocent Things You Do that Hurt your Practice

For Accountants
To say that accountants are overwhelmed with their tasks is an understatement. Hence, to make these responsibilities more bite-sized, we come up with to do lists.But have you had that realization that your lists do not seem to end no matter how much you tick items off it?That’s probably because you have been these things. And if you do, it only means you’re doing your practice wrong.6 things you do wrongGiving accounting advice for freePreviously, we mentioned that adding value to your business through free advice is one of the best ways to get more clients.So are we changing our minds?No. Not at all.What we’re against is putting so much effort into “adding value to your business” for free that your time actually suffers. How many times have you talked…
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3 Ways to Efficiently Deal With Tax Season Stress

3 Ways to Efficiently Deal With Tax Season Stress

For Accountants
Tax season is that time of year your stress level as an accountant is as high as Santa Claus’ and his elves at Christmas time.The sad part is we have been used to the onset of tax season stress that our minds have been programmed to overwork come the first few months of the year. We no longer look for ways to lessen the pressure and the stress that it entails.But with these simple changes, you can actually enjoy the usually stressful tax season.Manage accounts incrementallyBlame our Spanish ancestors for introducing the Mañana habit because this trait is one of the reasons our workload gets piled up come the deadline.Or…We can also get rid of it altogether in our practice. Here’s how.Instead of isang bagsakan when updating your clients’ accounts,…
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Tax Changes 2018: A comprehensive list

Tax Changes 2018: A comprehensive list

Business Tips, For Accountants
Editor's note: This article was first published on Jan. 21, 2018. It has been revamped to make sure the contents are up to date. Also, if you are viewing this from a mobile device, please make sure your handset is in landscape orientation. We know you have a lot of questions regarding the tax changes for 2018 and the period hereafter. There are a lot of articles published discussing these changes; however, they are usually on different posts. You can always open several tabs at a time, but who has time for that? So we scoured the web for as much information about changes in tax policies as we can and combined all of what we gathered in one comprehensive list. And here it is. Before After Reduced taxes Personal Income…
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5 New Year’s Resolutions Accountants Should Embrace

5 New Year’s Resolutions Accountants Should Embrace

For Accountants
It is a bit quite late writing this, but it’s still January so it’s still the start the year technically. Plus, we all believe in the saying “Better late than never.” So here we are sharing what you should be part of your new year’s resolutions that can help boost your presence in the community. Whether you have been in the business for long or are just starting to build your empire as an accountant, you should get a thing or two from these tips. Without further ado, here are the things you should embrace so you’re off to a good start this year. New Year's Resolutions Accountants Should Have Create a LinkedIn profile. It’s 2018 you guys, and we all know a Facebook profile is not enough. Taking advantage…
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4 Practical Reasons Online Accounting Software is the Best

For Accountants
Editor's note: This article was first published in June 2017 but has been revamped to stay up-to-date. You look with dread at your accounting books and forms that you have to fill. Various clients with different information that needs to be entered and computed. Can this day get any worse? You’re in luck! Fortunately, in this day and age of computers and high-speed internet, there is computer software that can efficiently perform accounting functions at a push of a button. There are a number of online accounting software out there that you can check out and see which fits your needs. They make processes more efficient. May it be calculating revenue, computing the payroll, or improving cash flow, software is indeed a great investment for any company that wants to get ahead…
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New Withholding Tax Rates 2018

New Withholding Tax Rates 2018

For Accountants, For SMEs
Upon the approval of the tax reform bill, the BIR released the new withholding tax rates as seen on its website and the image below. As previously mentioned, those with compensation not exceeding 250,000 annually will be exempt from withholding tax while others will have to pay a staggered rate starting January 1. In other words, for the first salary of the year, usually January 15, Filipinos should expect bigger take-home pays compared to the previous month’s. However, you’re reminded that old tax rates still apply to your 2017 ITR, particularly the income you earned in that year. “The salary and earnings of us taxpayers in the previous year will still be taxed according to the old rates when we file our income tax returns (ITR) before the April 16…
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How To Attract Millennial Accounting Clients

How To Attract Millennial Accounting Clients

For Accountants
The number of millennials having their own business venture is steadily on the rise. Hence, it is only proper for you, as an accountant, to have them as one your clients. Otherwise, you will be creating a big dent in your business.As previously discussed, these millennial entrepreneurs have a set of criteria should they wish to work with accountants and accounting firms alike. If you want to lure this big fish, you should have the following methods in your accounting practice.DigitalIt is not an overstatement when we say that millennials and technology go hand-in-hand. Thus, if you are to partner with them, you should know the digital world by heart. Having a reliable accounting software is a must. But switching to digital does not only refer to going paperless. You should…
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What Millennial Entrepreneurs Look for in Accountants

What Millennial Entrepreneurs Look for in Accountants

For Accountants
A significant number of millennials make up the workforce and the millennials who start up their own business have been continually on the rise. In fact, Business View published an article calling this generation a “generation of entrepreneurs.”And according to Accountancy Age, a third of these entrepreneur millennials make at least $1.1m in annual revenue. In other words, this generation makes up one of the best accounting clients profit-wise. However, this generation also has high standards when it comes to hiring employees and choosing potential partners. In terms of accounting and bookkeeping colleagues, here are the characteristics they require.Strategic insightReporting, forecasting, and cash flow are the top three frustrations of millennial businesspeople. Hence, they prefer an accountant that can provide strategic insight into the finances of the company. Note though…
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