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Personal tax preparation is a lot like small engine repair. I have a nephew who started out as a small engine mechanic. With further studies and experience, he moved on to working as a large diesel engine mechanic. When I…
I always find it interesting how one practitioner will ask me a question, and then suddenly, I’m asked the same – or a very similar question by several other accountants and bookkeepers. The question is this: How do I manage…
Based on what I saw and heard at our most recent firm retreat, I would dare say that most people who work here at Talbot & Associates CPA would tell you that we have a very healthy, happy firm culture. So…
With tax season quickly approaching, some practitioners are probably thinking of increasing the number of people on their team. The following are just a few pointers of things I’ve learned in trying to identify the best candidate for our team.…
Think of the new year as your practice’s blank sheet—a clean slate to project the growth you want to see. Here are actionable steps to move forward with intention: Leading Through the Lens of Relationships Relationships are at the heart…
The close of one year and the start of another are defining moments for business owners. It’s more than just turning the page—it’s an opportunity to reflect, recalibrate, and reignite your purpose. For public accounting firm owners like you, this…
Looking back at when I started my practice from scratch, I laugh (cringe) when I think about how ignorant I was about how to run a good practice. I can’t believe I even survived. What I loss due to my…
If this tax season felt like it was a matter of survival, you’re not alone. Something most of us are wondering is “Where are all these new clients coming from?”. Well, I’ve got my suspicions but that’s not important. What’s important…
From time to time, I’m asked to make presentations on how to read financial statements and how to use them to increase profits. Most of what I present is extremely obvious and would hardly seem worth presenting. In short, here’s…
Most practitioners fall victim to concentrating too much on increasing revenues rather than profits. Yes, greater revenues will often result in greater profits but that is far from always being true. It is not uncommon to see practices, or any…
