Universal Accounting Blog

Now that tax season is over, you might interested in a little light reading.  It’s time for you to take a deep breath, kick back in your recliner and recharge your batteries and your business by reading some highly recommended books.  In Inc.com’s recent article “Essential Reading List for New Entrepreneurs,” author Matthew Swyers recommends […]

We’ve been updating our readers on the status of the RTRP court case for the past few months.  Our last update ran in April.  Here is what’s happened since: May 16, 2013.  The IRS released a statement regarding the refunds for cancelled RTRP scheduled tests: Fee amounts collected for scheduled registered tax return preparer test […]

Ringo sang the song. But John Lennon and Paul McCartney wrote this Marketing Masterpiece. Why do I call it a marketing masterpiece? Simple… Ringo sang about networking.In the world of marketing, networking is more powerful than a locomotive, able to leap tall buildings in a single bound.. it’s your Man-of-Steel. From finding a job to […]

Starting your own financial practice can be terrifying and exciting at the same time.  There are lots of pros in self-employment: the flexibility to work when you want and on the projects you want to work on, the potential to uncap your salary, and the ability to wake every morning to a job you love.  […]

All the tools at my fingertips to make $100 per hour… and I don’t need a college degree? That’s right. An exciting and rewarding career as a Professional Tax Preparer could be the perfect way to create the kind of lifestyle that you are looking for. There are several advantages of owning your own Tax […]

Determining how much to charge for services can be the most difficult challenge financial professionals face.  Most use a “reverse competition” method of pricing which sets an hourly rate based on what competitors charge and where business owners would like to fit into that spectrum.  Many financial professionals are drawn to mid-range prices; they don’t […]

Tax season is upon us and for many tax preparers that means a hectic work schedule with long days and countless client consults.  Regardless of your practice’s size, tax season can overwhelm even the most time efficient and well prepared.  In order to ensure a smoother tax season, Edward Mendlowitz, Journal of Accountancy contributor and […]

Stop Delaying Your Dreams:Start Your Own Accounting and Tax Practice Goals are dreams with deadlines. —Diana Scharf Hunt It’s too easy to delay your dreams. The kids need your attention, there’s a stack of bills to pay, and your day job is exhausting. Unfortunately, the only thing you accomplish in procrastinating your dreams is to […]

The world is changing quickly and many are finding that their professions are no longer as lucrative or as promising as they once were.  People are also living longer and have more time to do new things.  These two factors are now creating a new demographic of highly-trained professionals with multiple careers.  Some are forced into […]

Small-business owners must track the daily tasks that eat up their workday, because while there are core-functions to any business, entrepreneurs often become distracted, and sometimes consumed by, necessary tasks that could be done just as easily, and probably more economically, through outsourcing.  The question is, how does one determine which functions should remain in-house […]