It would be easy to jump right with a few stellar examples of communities for tax professionals, but before we do, it’s critical to set the table for what’s going on in the profession and why it’s so important to get plugged into a professional support group.
The days of building a thriving practice around compliance-driven, tax return “see you next year” client deliverables are over. Yet, while we know that’s not exactly true and this isn’t one of those robots-are-coming articles, the traditional work performed by tax, accounting and bookkeeping professionals has evolved to “real” tax planning and advisory services. It’s “real” in the sense that the planning involves holistic strategies to lower your client’s tax burden.
Businesses need more than just an invoice stapled to a tax return. Even if you spend all your time cleaning books to produce financial statements, the client’s perceived value for services that can now be completely automated is super low. They expect more. They need much more.
Mobile access to data, real-time expense management, workflow automation, cash flow assistance, key performance indicators and benchmarking are quickly becoming the new normal, and you are in the unique position to bundle those services and provide them in ways clients never dreamed. So, here we are on the road to transformation, but wait; how are you going to take your firm through such a massive paradigm shift?