Abu Bakar

Charging a client setup or onboarding fee is a smart strategy for tax and accounting professionals. It covers the initial time and resources spent gathering and organizing financial documents, setting up software, and understanding the client’s unique financial situation. This upfront fee ensures that both parties are committed and establishes a professional tone from the start. It also compensates for the extra effort needed to tailor services to the client’s specific needs, which often requires additional work before regular services can commence. By charging this fee, professionals can provide better service by dedicating the necessary time to thoroughly onboard each client, creating a strong foundation for a long-term relationship. #AccountingTips #TaxProfessionals #BusinessStrategy #ClientOnboarding #FinancialPlanning #TaxAdvisors #ServiceFees #BusinessGrowth #ClientRelations #ProfessionalServices https://lnkd.in/eCfumPJc

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How to use business data to determine your fee structure Accountants often tell us that one of the hardest things to get consistently right for their firm is pricing. Often, the type of clients you work with changes over the years – as you grow, develop your niche, or switch tack – and it takes work and dedication to update your fee structure to reflect those new goals. To read full article by Capium please follow the link - https://lnkd.in/e4pSTngX #AccountingTips #FeeStructureInsights #PricingStrategy #BusinessDataAnalysis #FinancialConsulting #SmallBusinessAdvice #EntrepreneurInsights #ProfessionalServices #FinancialManagement #BusinessGrowth

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🤨 Accountants are only needed during tax season? Think again! Accountants are essential year-round for growing businesses to manage financial records, ensure compliance with the CRA, and optimize profitability. At PMG Accounting, we play a crucial role in bookkeeping upkeep, virtual CFO service, and financial planning, providing your business what it needs to achieve growth profitably. #accounting #accountant #financialplanning

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Now's the time to start repricing your clients, starting with those that prepay their accounting fees. Repricing is important; it means you'll have the energy to give your clients your best attention, build the practice you've envisioned, realise an enjoyable work/life balance, and help you move up the advisory chain. When repricing clients, consider: 🔎 their change in scope 🔢 their number of transactions ❇️ their requirements and the level of complication 📈 your price against CPI 👩‍💼 your staff salaries 🏖️ your business goals and personal Get practical tips on how to reprice your existing clients in this repricing deep dive: https://hubs.la/Q02BDW-z0 - #accountingservices #accounting #accountantsandaccounting #repricing

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Do you want to optimize your financial operations? Every business, at some stage, faces financial issues, and it can make or break the company. To maintain the financial balance in the business, one must track each and every transaction that goes in and out of the business. So, if you are looking to hire the best accounting software development team, look no further than ToXSL Technologies. Get in touch with our experts and leverage our app development services. #ToXSLTechnologies #ExpertDevelopers #AccountingApp #SoftwareDevelopment #BusinessFinance

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Attention Accountants: Ready to Sell Your Practice? Let Radar Results Help You Achieve a Profitable Exit—For FREE! If you’re an accountant considering selling your practice within the next 3 to 9 months, there’s no better time to take action. At Radar Results, we specialize in connecting accountants with pre-vetted buyers who are ready to acquire practices valued up to $50 million. Why Wait to Exit Your Business? Whether you’re selling to: ✅ Secure maximum profit for retirement ✅ Explore exciting new opportunities ✅ Merge or pursue an acquisition interest Radar Results can help you find the perfect buyer and ensure a smooth, stress-free transaction. Why Choose Radar Results Over a Traditional Business Broker? Unlike most brokers, Radar Results operates as a buyers advocacy service, offering accountants a FREE seller service. 💡 Save Big: Traditional brokers charge 5-10% in fees. With Radar Results, you keep more of your hard-earned value. 💡 Pre-Vetted Buyers: Skip the hassle—we already have motivated buyers waiting to purchase accounting practices just like yours. 💡 Personalized Advocacy: From finding your ideal buyer to crafting a tailored exit strategy, we’re here to guide you every step of the way. Our Promise to You Radar Results is dedicated to ensuring accountants like you achieve the best possible outcomes when selling your business. With specialized expertise, strategic insights, and a commitment to your success, we’ll help you: -> Maximise the value of your practice -> Mitigate risks in the selling process -> Secure a buyer that aligns with your vision and goals Your Journey to Success Starts Here Don’t wait to take control of your future. Work with the experts at Radar Results to create a personalized plan for selling your accountancy business—for FREE! 📥 Download your FREE Seller Guide today and start planning your stress-free, profitable exit: Download Here-> https://lnkd.in/gwY5euXH 📞 Prefer to chat? Contact Mick Taylor for a confidential discussion: 📱 0411 423 166 | ✉️ [email protected] Why Wait? Sell Smart with Radar Results. #Accountants #SellMyPractice #BusinessExit #RadarResults #AccountingFirmsForSale #ExitStrategy #PreVettedBuyers #NoBrokerFees #BusinessSales #FreeSellerService

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When to hire finance help in your small business? Starting out — $0-1m annual revenue — hire a bookkeeper Established — $1-15m annual revenue — bookkeeper and/or controller + optional fractional CFO Larger SMB — $15m+ annual revenue — staff accountant + controller + FT or fractional CFO Check out this quick guide we built: https://buff.ly/4bC2Fsq #proftmastery

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Are you still stuck with hourly billing? Brilliant bookkeepers and amazing accountants are all shifting to value-based pricing. And that means ditching the hourly billing for something that better serves your clients - and you! Learn more about 3-tiered pricing in my blog ➡️ https://bit.ly/47Sqc7o #bookkeeping #ceomindset #taxbusiness #bookkeepercoach #scaleyourbusiness #bookkeepingbusiness #accountingandaccountants #VirtualCFO

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Do you want to help your clients get paid faster, cheaper, and easier? If you said ‘yes’, then consider joining the Accountants & Bookkeepers Club (ABC), where you’ll get the training, support, and resources needed to achieve exactly that. As an ABC member, you’ll learn how to automate workflows, expand your credit control services, and improve cash flow–all the while delivering proactive advice.  Interested? Join the club. It’s as easy as ABC. To learn more, click the link below: 🔗 https://www.adfin.com/abc

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Is your bookkeeper disorganized? A disorganized bookkeeper can cause several negative repercussions for a business. Here are some key issues that might arise: - Inaccurate Financial Records - Disorganization can lead to errors in recording transactions, misclassifying expenses, or failing to reconcile accounts. This results in inaccurate financial statements, which can impact decision-making and financial planning. - Tax Filing Problems - Disorganized bookkeeping can lead to delays, missing information or documentation, or incomplete records, making tax preparation and filing difficult. This increases the risk of errors on tax returns, potential penalties, and audits. - Increased Stress and Time Waste - Business owners may need to spend extra time correcting mistakes or trying to find missing information. This diverts their attention from core business activities and can cause significant stress. - Cash Flow Issues - Poorly organized bookkeeping can lead to delays in tracking accounts receivable and payable. This may result in cash flow problems, such as overdue invoices or missed payments, affecting the business’s liquidity and operational efficiency. - Difficulty in Financial Analysis: Accurate and timely financial reports are essential for analyzing business performance. Disorganized bookkeeping can hinder the ability to generate reliable reports, making it harder to assess profitability, manage expenses, or make strategic decisions. - Compliance Risks: Proper record-keeping is essential for compliance with financial regulations and standards. Disorganization can result in missed deadlines for regulatory filings, leading to legal issues and fines. - Lost or Misplaced Documents: Important documents like invoices, receipts, or contracts might be lost or misplaced due to poor organization. This can cause delays in processing transactions and affect the ability to prove expenses or income if questioned. - Damaged Relationships with Stakeholders: Delays and inaccuracies in financial reporting can strain relationships with stakeholders such as investors, lenders, or vendors, who rely on accurate and timely information to make informed decisions. - Inefficient Processes: Disorganization often leads to inefficient processes and duplication of work. This can slow down bookkeeping tasks and lead to higher operational costs. - Reputational Damage: If a business’s financial disorganization becomes known, it can damage the company’s reputation with clients, investors, and partners. Trust and credibility may be compromised. Addressing disorganization involves implementing structured processes, regular reconciliations, and effective tools or software to streamline bookkeeping tasks. Ensuring your bookkeeper follows best practices and maintains clear, accurate records can help mitigate these negative impacts.

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They say the future belongs to those who prepare for it today. This change will massively reshape the web3 accounting and businesses alike. How do founders and investors of web3 businesses prepare? Sign up here: https://lu.ma/cfgsq5ee

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📢 Attention Accountants: Are You Ready to Sell Your Practice? 📢 At Radar Results, we understand how much hard work goes into building a successful accounting practice. When it’s time to sell, you deserve a stress-free process and a meaningful, profitable exit. With a network of pre-vetted buyers actively seeking accounting practices, Radar Results is here to connect you with serious purchasers who have the capacity to acquire million-dollar businesses like yours. Why Choose Radar Results to Sell Your Accounting Practice? 1️⃣ Pre-Vetted Buyers Ready to Act: We maintain a robust database of qualified buyers who are actively looking to purchase accounting practices. These buyers are serious, motivated, and prepared to move quickly. 2️⃣ Tailored Exit Strategies: We’ll work closely with you to ensure your exit is smooth and aligned with your goals. From negotiating terms to finding the right cultural fit, we’re here to support you every step of the way. 3️⃣ No Broker Fees: That’s right—our process eliminates unnecessary costs, so you can keep more of your hard-earned value when selling your practice. 4️⃣ Confidentiality Guaranteed: We handle every transaction with the utmost discretion, ensuring your privacy and protecting your reputation throughout the sales process. Act Now—Buyers Are Waiting! If you’re considering selling your accounting practice, there’s no better time to start the conversation. With pre-vetted buyers actively searching for opportunities, your next step is simple: 📞 Contact Mick Taylor for a confidential discussion: 📱 0411 423 166 ✉️ [email protected] 💬 Or simply send Mick a DM here on LinkedIn to get started today. Unlock the keys to a stress-free, profitable sale—download your FREE Seller’s Guide for accountants today and take the first step toward your successful exit! Click Here--> https://lnkd.in/gwY5euXH #Accountants #SellMyPractice #AccountingBusinessForSale #BusinessExitStrategy #RadarResults #AccountingFirms #ExitPlanning #StressFreeExit #PreVettedBuyers #BusinessSales

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Thinking of Selling Your Accounting Practice? At Radar Results, they specialise in connecting accountants with pre-vetted buyers actively seeking to purchase practices like yours. With no broker fees and a tailored, stress-free process, they’ll help you achieve a smooth and profitable exit. 📞 Contact Mick Taylor for a confidential chat: 📱 0411 423 166 ✉️ [email protected] 💬 Or send Mick a DM here on LinkedIn to get started today! #Accountants #SellMyPractice #AccountingBusinessForSale #RadarResults #ExitPlanning #BusinessSales

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📊 Marketing Plan for Accountants: Growing Your Practice 📊 At Advance Finserv, we understand that growing an accounting practice requires both expertise and a strong marketing strategy. Here’s how to build a plan that will attract clients and fuel your business growth: 1️⃣ Define Your Niche – Specialize in tax, audits, or financial planning to stand out in a crowded market. 2️⃣ Build an Online Presence – Develop a professional website and leverage social media to build trust and credibility. 3️⃣ Encourage Referrals – Create a referral program to incentivize current clients to recommend your services. 4️⃣ Offer Free Resources – Host webinars, write blogs, or provide downloadable guides to engage potential clients. 5️⃣ Network Locally & Online – Join business associations, attend events, and participate in online communities to expand your reach. At Advance Finserv, we help accountants implement effective marketing strategies that bring results. Ready to grow your practice even further? Let’s connect and start growing! #AdvancedFinServ #Accountants #MarketingPlan #ClientGrowth #BusinessDevelopment #FinancialServices #Accounting

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What does a Bookkeeper do that's different from a CPA? The responsibilities of a bookkeeper are: ✏️ day to day financial transactions ✏️ maintaining up to date records ✏️ reconciling accounts The responsibilities of a CPA include: ✔️ tax planning and preparation ✔️ auditing ✔️strategic financial advice If you think you're ready for a bookkeeper, link in bio to schedule your free consultation. 💰 #bookeeping #bookeepingservices #invoicing #accounting #remote #quickbooksonline #qbo #quickbooks #entreprenuers #reconciliation #1099filing #business #pnw #businessowners #womenownedbusiness

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