Client Accounting and Advisory Services: Implementing and Monitoring Systems, Enhancing Quality, Minimizing Risks
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Tax Preparer
- event Date
Wednesday, March 27, 2024
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
110 minutes
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
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BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
This webinar will equip accounting firms with the knowledge and tools to successfully provide client accounting and advisory services (CAAS). Our panel of CAAS experts will address the key elements of implementing and strengthening these services, including understanding client needs, developing specialized expertise, implementing technology, and streamlining internal processes.
Ms. Peters is a business growth and profitability advisor with a passion for helping clients achieve their dreams. She works with service-based businesses, focusing her expertise on law firms and construction contractors. Ms. Peters utilizes her credentials, education and 20+ years of experience as a Certified Public Accountant and Chartered Global Management Accountant in providing clients with insight to their business and acts as a partner in strategic planning and execution.
Mr. Hale co-founded Summit CPA Group (now Summit Virtual CFO by Anders) in 2002, which merged with Anders CPAs + Advisors (Anders) in 2022. As a Partner at Anders, he now supervises the VCFO division and proactively works to build out the advisory side of Anders with a Virtual CFO service model. Mr. Hale leverages 20+ years of experience in the public accounting sector to coach his team and other accounting firm owners around how to successfully sell and deliver Virtual CFO services. He takes a leading role in the ideation and development of CPA training courses, including Summit’s Virtual CFO Playbook: How to Land $60K/year Clients and Provide a Killer Client Experience. Mr. Hale specializes in Virtual CFO Services, Creative Agencies, and Remote Team Management. He is also a member a several professional organizations including the American Institute of Certified Public Accountants (AICPA), Indiana CPA Society, and Member of the Society of Digital Agencies (SoDA). Mr. Hale is a member of both PlanGuru’s Board of Directors and Mizpah Shrine. In 2017, he was awarded as a winner of the Indiana CPA Society Innovation Award.
Offering client advisory services is a tremendous undertaking. Practitioners must consider marketing and business development, ensure risks are controlled, and the quality of services offered is high. Clear communication and collaboration between practitioners and clients are critical to effectively providing these services.
Selecting the appropriate technology significantly contributes to the success or failure of a CAAS practice. Specializing or developing unique expertise establishes credibility and attracts clientele. Understanding how to best establish and monitor CAAS is crucial for firms offering these essential services.
Listen as our panel of client accounting advisory services experts details how to implement, enhance, and monitor CAAS services.
- Introduction to client accounting advisory services
- Understanding client needs and expectations
- Expanding service offerings
- Developing specialized expertise
- Implementing technology and innovation
- Streamlining internal processes
- Enhancing communication and collaboration
- Quality assurance and risk management
- Marketing and business development
- Continuous improvement and adaptation
This panel will review these and other critical issues:
- Evaluating internal workflows and procedures in order to streamline services provided
- Implementing quality control processes and procedures to monitor risks
- Assessing technological needs and capabilities
- Finding and developing a talented team with specialized skills
Learning Objectives
After completing this course, you will be able to:
- Identify common client accounting services provided by accounting firms
- Determine how to identify and assess clients' needs
- Decide which markets and industries might be best to develop a niche
- Ascertain how to add value-added services to current customers
- Field of Study: Taxes
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of individual income taxation, including itemized deductions, individual income tax credits, net operating loss limitations including carrybacks and carryforwards.
Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).
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