Minding the Shop During Tax Season!
Tax season is hard! Since you are busy (hopefully productive) making it all happen it’s important that someone in your firm is minding the shop!
What do I mean by Minding the Shop?
- Following up on all of your engagement letters/organizers with all of the clients you have not heard from.
- Making sure you are sticking to your minimum prices along with upfront pricing including pricing/budgeting all new jobs at your target charge rates!
- WIP. Following your WIP system.
- A/R. Following your A/R system.
Common sense? Perhaps yet not that common because firm leaders (both administrative and technical) are busy!
Please use this as a reminder to make sure that someone is Minding the Shop this season!