Educating Business Owners about Tax Deductions.
Your business success is in your margins
Frustrated that you are not taking home enough cash at the end of the month? I get it! Many firm owners come to me with their frustrations and they assume that MORE REVENUE is the answer. "Wendy, how do we dounle our revenue?" they ask. In my experience, the solution...
Are you READY to hand over the Keys?
As many of your colleagues and friends are selling their firms, what are your plans? Yesterday I spoke to an experienced firm owner who is handing over his proverbial keys to a team member who has been with him for 17 years. Is she ready? Maybe, maybe not but he is...
What is my PRIORITY now?
As the final six weeks of 2023 tax filings lie ahead of us, what are your priorities? Survive? Thrive? In my experience this is a more stressful time of year than March or April as there is no extension option. Clients filing now either have complicated tax returns...
WHO are your PEOPLE?
Yes, we are talking about your team....again. No, I am NOT an HR specialist but as a consultant to small and medium sized firms, the question of PEOPLE arises daily. Even when we discuss Processes and Profits, we still include the People as one of the biggest drivers...
Micromanaging your Remote Team?
Many firm owners have embraced remote work for their team with pride. "Yes, we have a remote team!" Then when I do some due diligence, I find that yes, logistically they do have a remote team however the team are being micromanaged from afar which is even worse for...
Can advisors collaborate for the BEST RESULT for clients?
Collaboration between advisors is so extremely powerful. In any industry. I enjoy the banter and sharing of ideas with other professionals. In my experience, we all win when we work together. Why do some advisors disagree? The "blame game" never ends well for...
Are you ACTIVELY growing your business?
Actively growing your business is NOT sales! I speak to so many firm owners who love to brag about how their revenue has grown year to date. I am not impressed by revenue numbers. I AM impressed by net profit margins, capacity and team assessment reviews. I know...
Sometimes the work just needs to get done!
I spend a lot of time building Organization Charts for firms that I work with. We designate roles and responsibilities and we train team members on how to work together for maximum efficiency (and fun!). Then a big project comes along and everyone is in a tailspin...
Weekly team meetings – YES!
YES, I am a fan of weekly team meetings. You pick the day. My preference is before lunch on Monday or end of day Thursday but pick what works best for you and your team. My team meetings were always virtual and you can choose a combination of virtual and in person or...
Its THAT time of the year – team reviews
Having spent 25 years in the tax and accounting industry, I have learned many things but one always stands out to me - building a strong team both within our business and our clients businesses. We build strong teams by listening. Working with our team to achieve our...