Sample small matters, financial planning and tax services engagement agreement

Posted 1 CommentPosted in Accounting, Financial Planning, Taxes

This is a sample high-value agreement for ‘piecemeal’ or small matter individual and small business financial, accounting and tax services performed outside of an agreement for comprehensive or ongoing services. The agreement incorporates cost-saving technologies and procedures to save time and money while maintaining a high level of professional service (revised April 4, 2019).  Contents: […]

Sample accounting services engagement agreement

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This is a sample high-value agreement for small business accounting services that incorporates cost-saving technologies and procedures to save time and money while maintaining a high level of professional service (revised July 22, 2018).  Contents: A) Communications B) Work Process C) Fees D) After End of Agreement E) Miscellaneous Provisions Thank you for choosing me […]

Sample tax preparation and filing services engagement agreement

Posted 3 CommentsPosted in Accounting, Tax Planning, Taxes

This is a sample high-value agreement for individual tax preparation services that incorporates cost-saving technologies and procedures to save time and money while maintaining a high level of professional service (revised 2/7/2019 for 2018 tax returns). Dear    : Thank you for choosing me to help you with your tax filings. I truly value the […]

Tax planning engagement letter for individual clients (revised)

Posted 1 CommentPosted in Accounting, Financial Planning, Small Business, Tax Planning

Update in September 2015: I am no longer using this letter. The new version is shorter, more segmented, and is in a format intended to be delivered by email and not on paper or PDF. The collaboration section is now simplified and changed. I am working on updating and expanding my tax planning engagement letter for […]

Five tech tools to boost small business income

Posted Leave a commentPosted in Accounting, Small Business

There are two approaches to boost the income of your small business: Increase revenue, or Decrease expenses. If your experience is like mine, there is no shortage of people willing to help you raise income. Marketing experts, business coaches, networking specialists, branding experts, and so forth. My inbox is overflowing daily from so many offers […]

An accounting niche opposite the AICPA trend

Posted Leave a commentPosted in Accounting, Financial Planning, Small Business, Wealth Management

An advertisement by a top-qualify national information publishing firm joined up with a prominent AICPA event to deliver an educational program designed to prepare CPA firms for imminent change. The bullet points describing the course content are: End-to-end, automated cloud-based tax preparation AI-enhanced, highly intuitive tax research A cloud-driven, Integrated Audit Approach that focuses on […]

Sample small business bill payment policies and procedures

Posted Leave a commentPosted in Accounting, Small Business

Every small business – even one person firms where one person wears all the hats – benefits from having a well-considered bill payment policy. This sample policy is one that I drafted for a client with about $25,000 per month in expenses. The intent is to allow this to spark some ideas about how your […]

Initial thoughts on tax season wrap up and where to go from here

Posted Leave a commentPosted in Accounting, Tax Planning, Taxes

Initial thoughts on the wrap up of tax season: 1. OVERALL: It was the roughest tax season in my 30+ years, yet it was not as bad for me as many others tax professionals reported. Tax accountants’ online discussion groups are filled with stories of excess stress, it’s health impact, and threats of retirement from […]