This podcast is definitely worth your time especially now as tax season is ramping up! Ed gives some great advice for streamlining and saving time during tax season.
We recorded this podcast with Ed Mendlowitz in January of this year. This podcast episode was full of so many great tax season tips, we decided to share again. It will help you get ready for any tax season! Ed brings a ton of experience and understanding for accountants, we know you will enjoy.
He also has provided some helpful downloads to get you through. His checklists are the best! (even if you don’t listen to the full podcast, you’ll want to grab Ed’s free tax season checklist.)
We especially liked his story about how he got fired from his first job and used that experience of failure as a major learning tool. The insights he got from the firing ended up having a powerful influence on his approach to work and had a major positive impact on his career. Ed’s example points out that the act of “investigating failure” often sorts out good business-people from great business-people!
01:00 – Ed’s background
02:29 – Why Ed doesn’t recommend extensions
10:40 – Ed’s updated tax season checklist, list of things to do before tax season
11:30 – Why the reviewer should train the preparer
14:56 – Ed was fired from his first job! Lessons learned…
24:00 – What is the secret to never losing clients?
27:00 – How do you feel about Time Sheets?
36:30 – What is a great way to make more money from tax return preparation clients?
43: 15 – Last bit of advice from Ed
Includes: 77 Value Added Easy to do Advisory Services, 2020 Tax Season Checklist, Ed’s Book – Power Bites
About Ed Mendlowitz: Ed has over 40 years of public accounting experience and is a partner with Withum Smith+Brown, PC in New Brunswick, New Jersey. He is a licensed CPA and is accredited by the AICPA in business valuation and as a personal financial specialist. Ed is an avid, speaker, writer and a widely renowned thought-leader on the subject of accounting. Ed has authored 27 books including Managing your Tax Season, How to Review Tax Returns, and Power Bites. Ed is also a seasoned keynote speaker, he has presented over 350 programs on a wide variety of subjects!
About Brannon Poe: Brannon is the founder of Poe Group Advisors and has been facilitating successful accounting practice transitions throughout the US and Canada since 2003. He is also the creator of Accounting Practice Academy. Brannon is the author of the Accounting Practice Insights Blog and hosts the Accountant’s Flight Plan” podcast with other top thought-leaders in the accounting profession. Brannon is an E&Y alumnus. He has worked with some of the most successful and seasoned CPAs in the industry and has been privy to the behind-the-scenes methods that these clients have used to build highly profitable practices along with capable and independent teams. Brannon has authored multiple books, including Accountant’s Flight Plan – Best Practices for Today’s Firms (published by both the AICPA and CPA Canada) and On Your Own: How to Start Your Own CPA Firm, Second Edition (published by the AICPA). Brannon is passionate about entrepreneurship and is the president-elect of EO Charleston (Entrepreneur’s Organization).