We all seem to have them—swirling black holes that drain time from our workday and make us less productive. If we manage a business, this is a greater hazard as loss of productivity can threaten our bottom line and, ultimately, our livelihoods. But if we can recognize those time drains, metaphorically surrounding them with orange traffic cones, perhaps we can better manage our time and increase our efficiency. Avoid these eight time traps:
1. Poorly managed technologies. Which of your technologies drains the most time from your day? Smartphone, email, Internet? Once you pinpoint the culprit, limit your time with that technology, reserving the remaining work hours for other important tasks.
2. Unscheduled workdays. While we may have days without due dates or meetings, we should still determine how to spend the workday; otherwise we risk losing time through those cracks in our schedules. Create a to-do list and prioritize all the tasks, evaluating which are most important and timely.
3. Meeting overload. Professionals everywhere are destined to participate in meetings at one time or another, whether they be with coworkers, clients or associates. But many go overboard, overscheduling meetings that ultimately limit productivity. Most businesses can cut back on their meeting schedules in order to increase efficiency.
4. Procrastination. Everyone procrastinates at one point or another in their lives. But chronic procrastination can hinder your professional success. You can take back a significant portion of your day by avoiding procrastination.
5. Avoiding delegation. You don’t have to do everything yourself, especially when it makes more sense to delegate the task to an employee or outsource it to someone who’s more qualified for the job.
6. Reinventing the wheel. Coming up with new processes and approaches can be exhausting and time-consuming. The tax industry is comprised of key strategies that will enable you to work more efficiently; the trick is in finding those strategies that are tried and true.
7. Entertaining interruptions. No profession is immune to time leaks—interruptions, distractions, tangents—that lead you off-task and make it difficult to be productive. And it is impossible to plug those time leaks unless you know what they are. Take a week or so to log interruptions, noting all those things that distract you from your core work tasks, specifically billable hours. Once you have the information, you can evaluate and eliminate them.
8. Multitasking. Most time management experts agree that splitting your attention amongst a slew of tasks can lessen productivity while generating more errors. Focusing your attention on one task is the best way to accomplish more in less time and with greater accuracy.
Recognizing these time wasters is half the battle. Once we do, we can spend time avoiding them, dedicating our time and energy to building a more efficient practice.
Universal Accounting (UA) Can Help You Earn Make More Money!
Universal can help you achieve your entrepreneurial dreams! If you were wondering how, exactly, we might benefit you and your business, visit our website and take a tour. You’ll learn more about our programs, our products, and other services we offer. Don’t wait to find out how UAC could change your professional future. Visit our corporate website or take a virtual tour today!
July is the time when many Americans celebrate their freedom, reflecting back on the time when this nation won its independence. But this is a tax newsletter, so we felt it appropriate to celebrate Tax Freedom Day (TFD), even though it occurred nearly two months ago on April 17h.
As tax professionals, many of you are already familiar with Tax Freedom Day: the day on which Americans citizens have earned enough income to fund the total national tax burden. Every year the Tax Foundation, a Washington D.C. based tax research organization, calculates Tax Freedom Day. 2012’s TFD fell on April 17th, which means that on-average, US citizens pay nearly 30% of their income towards a combination of federal, state and local taxes.
The History of Tax Freedom Day
In 1948, Florida businessman Dallas Hostetler developed and copyrighted the concept of Tax Freedom Day. For 23 years Hostetler calculated TFD until he retired in 1971 and conferred the copyright to the Tax Foundation. The Tax Foundation has calculated TFD ever since, and in 1990 the Tax Foundation extended their calculations to include Tax Freedom Days specific to each state. This year Tennessee was the first to pay its tax burden on March 31st, while Connecticut was the last, making their state TFD May 5th.
The Tax Foundation has gone back to calculate TFD from 1900, long before Hostetler began his calculations. In 1900 Freedom Day fell on January 22nd and represented a mere 5.9% of the typical tax payer’s income. That jumped to nearly 12% in 1920 when TFD fell on February 13th and then again to 24% in 1950 when it fell on April 1st.
What the Calculations Mean
Some criticize the Foundation’s calculations, saying that what they claim to be the day the “average American” has earned enough to pay his/her tax burden is greatly exaggerated—a calculation largely comprised of the taxes associated with citizens in high income brackets. However, the Foundation defends its approach, saying TFD represents the economy’s overall tax burden rather than the “average American’s” tax burden.
UAC’s QuickBooks Training Program
Earning a Professional Designation is Good for Your Professional Reputation
Whether it’s enhancing your skill-set with a current employer or distinguishing yourself by building credibility with your own clients, the QS designation will stand as proof of your expertise. To earn this QuickBooks designation you must complete the Professional Bookkeeper’s Guide to QuickBooks (PBG) and pass the final exam with a score of 90% or higher. And just like that you receive professional certification!
Additional Benefits
In addition to the skills you acquire in completing the PBG, you will also receive the following:
Thorough and complete training on the latest and greatest version of QuickBooks Pro
6 months’ worth of access to our experienced, qualified QuickBooks professional accountants and CPAs to answer your questions
Accounting 101 Review
30 hours of Continuing Professional Education (CPE) in most states
A 100% money-back guarantee
A valuable addition to your reference library
The PBG offers the most competitive QuickBooks training on the market. Master QuickBooks and become the premier QuickBooks consultant in your area. Call Universal at 1-877-833-7909 and enroll in the Professional Bookkeeper’s Guide to QuickBooks today!
On June 1st, the IRS announced the opening of the 2012 Low Income Taxpayer Clinic (LITC) grant application process. The LITC program awards matching grants of up to $100,000 each year to qualifying organizations looking to launch, grow or maintain a low income taxpayer clinic; interested tax preparers should act now!
The grant cycle begins in January 1, 2012 and runs through December 31, 2012. You must submit your application—either electronic or hardcopy—to the LITC Program Office in Washington, DC by July 15, 2012. The grants are awarded to organizations that provide education and outreach to non-native English speakers and service to low-income taxpayers with IRS grievances; applicants may apply for either program type or both. The IRS lists examples of qualifying organizations as follows:
Clinical programs at accredited law, business or accounting schools whose students represent low income taxpayers in tax disputes with the IRS; and
Organizations exempt from tax under Internal Revenue Code Section 501(a) that represent low income taxpayers in tax disputes with the IRS or refer those taxpayers to qualified representatives.
Organizations interested in applying will have a greater success rate if they 1) are receiving a grant for the 2011 cycle or 2) plan to fill one of the following 2012 needs:
New clinic applications in Montana, Nebraska, Nevada and Wyoming
ESL clinic applications in Connecticut, Kentucky, Montana, New Mexico and South Dakota
New clinic applications in the metropolitan areas of Los Angeles and Sacramento, CA, specifically in the Los Angeles, Kern, Riverside, Ventura, El Dorado, Placer, Sacramento, San Joaquin, and Stanislaus counties.
New clinic applications in the metropolitan areas of Philadelphia, PA, specifically in the Berks, Delaware, and Philadelphia counties.
New clinic applications in the metropolitan areas of St. Louis, MI, specifically in the Cape Girardeau, Jefferson, St. Francois, and St. Louis counties.
The IRS notes, “We encourage existing clinics to consider expanding their services to cover these areas, where possible. Notwithstanding the criteria detailed above, all applications for clinics from all areas are welcomed and will receive full consideration.”
If you would like to become eligible to prepare taxes under the new regulations established by the IRS, consider training with Universal Accounting. Not only could you earn the Professional Tax Preparer Designation, but you could also learn everything you need to know to pass the IRS Competency Exam and receive up to 60 CPE credits, depending on the number of modules you complete.
Be prepared for the changes that are impacting all paid tax preparers. Call UAC at 1-877-833-7909 to enroll in the Professional Tax Preparer Program today and improve your competitive advantage while securing your professional standing in the tax industry.
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If you’re looking to grow your business and attract new clients you may consider launching a press campaign in which you use media outlets in order to alert the public of your tax practice and the valuable services you offer. In fact, this can be an inexpensive way to market your business to prospective clients.In order to launch a successful press campaign all you need are a few key items:
Press Kits. A press kit contains all the information about your business that a media outlet would use to run a story about you or your business. Generally, everything in the press kit would be held in a folder that has your business name and logo. You can also include a press kit on your website where you would link to all the information that would prove helpful to interested journalists.
Press kit items include:
Biographies and photos of top executives (if you are the owner and sole practitioner, that executive would be you)
A one-page fact sheet about your business
Background information on your company
Recent press releases
Brochures describing your services
Some of these items are described in more detail below.
Media Lists/Contacts. In order to effectively use media outlets to distribute information about your business, you need to know which outlets reach your target market. Looking at local publications like newspapers, circulars, and small magazines, you can determine which would most likely have readers that could also be prospective clients. All these publications should be included on your media lists. As you work more closely with these organizations you become familiar with key contacts you can add to your media list as well.
Press Releases. You should take advantage of every press-worthy event to run press releases in local publications. Newspapers and the like are hungry for filler pieces like that and will run them for free. Just be sure that your press release is to-the-point and provides pertinent information about your business, the services you offer, contact information and all the details of your newsworthy event.
Fact Sheet. A fact sheet provides a quick snapshot of your business with a brief paragraph describing you company’s history, when and why it got started, the services you offer and the personnel you employ. Ensure that all documents include contact information where you can easily be reached with more questions.
Media Alerts. You want to use the media to your advantage, so any time your business hosts or attends an event you should alert the media with an announcement. In this, the event gets free media coverage that will enable interested prospects to learn more about your business by attending or reading up on the event.
Your Logo. In order for interested parties to include a copy of your business name and logo, you should include a logo for them so they can include the most professional image possible.
Photos and Biographies. Your business will look more professional if you can include professional photos of yourself and any other executives along with brief biographies which include work history and qualifications in reverse chronological order. Journalists especially will find these helpful when interviewing you for a news story.
In being prepared you can easily launch a successful press campaign. All you need are professionally printed documents and key information to get started. Once you have that, you can be proactive and get the word out about your business at crucial times.If you would like an example of press releases and other important press documents, visit Universal Accounting Center’s Press Room to learn more.
10 Tips on Getting More Done in Less Time (Part Two of a Two-Part Series)
Robert Half once said, “The combination of hard work and smart work is efficient work.” In today’s economic slowdown, you need to work as efficiently as possible; you just might outlast a recession by learning how to get more done in less time. In this two-week series we are helping you accomplish that by sharing tips on working more efficiently. Last week we covered the following five tips:
A clean, organized workspace
Schedule workday around your most productive times
Establish a routine
Hire help
Consider replacing some paper files with electronic files
This week we’ll continue our discussion on working efficiently by covering five more:
6. Perform similar tasks at same time
When multi-tasking you can expend a lot of energy on the process of beginning and the process of ending the different tasks you’re trying to juggle: taking files from drawers, looking up phone numbers, logging into your email. You can save yourself some time by performing similar tasks all at the same time: making phone calls, scheduling appointments, reviewing your clients’ status, and emailing. When you do this you don’t waste precious time building momentum only to shift gears to move on to a different task.
7. Avoid unnecessary meetings
While some meetings are absolutely necessary, others are not. Maybe it’s time to put your appointment schedule on a diet. How many of those meetings are truly required in order to perform the function of your job? Consider the objective of each meeting. Can those objectives be accomplished with an email or phone call? When you limit the amount of time you spent in unnecessary meetings you leave yourself more time for what really matters: billable hours.
8. Reduce the number of emails you send and receive
Is your inbox swamped with new emails every day? Some of those can be eliminated by minimizing the number of emails you send to others. Every time you send an email ask yourself if your communication is complete. Even though you can probably send 100 emails to the same person without increasing your Internet bill, to do so would not be a very frugal use of your time. Include all current and necessary correspondence in one email rather than sending lots of short, independent emails. This will limit the number of responses you receive.
9. Be productive and not just busy
Truly successful (and wealthy) business owners are not just busy, but productive. The time they spend working increases their bottom line because they have figured out how to perform more billable hours. Examine your work schedule and see how you could limit the busywork that earns you nothing; then increase the billable hours on which your livelihood depends.
10. Dedicate more attention to higher-yielding clients
While it’s important to spend time increasing your client base, some of that time may be better spent attending to higher-yielding clients. They already find your services valuable. Is there more you can do for them? Do they need tax planning services or financial consulting? Or could you enhance your service offerings in order to become even more valuable to these clients? Chances are your greatest profits come from a handful of high-yielding clients. Your business could become more profitable by better serving their financial needs.
Universal Accounting Center’s Solution to Higher EfficiencyThe wise financial professional looks for ways to add complementary services to his/her menu of services in order to get those higher-yielding clients to do even more business with him/her. In doing so, earning-potential and appeal to prospective and current clients is greatly increased.By adding small-business accounting services to your menu you are able to increase your billable hours, which in turn, increases your bottom line. UAC’s Professional Bookkeeper Program will teach you everything you need to know to manage a small business’s books, including how to market those services to prospective clients.To learn more, order our video Introduction to the Professional Bookkeeper Program. This video will introduce you to the four module included in this course, demonstrating just how valuable it can be to you and your business. Survive the recession by adding accounting services to your offerings. You have nothing to lose and a increased bottom line to gain. Order the video today or watch it online for free.
Believe me… this could be a great opportunity. Getting fired may be really tough to take, but could be the best thing to happen to you. Just remember, you’re not alone. The halls of history are crowded with people who have been fired.Sometimes out of the ashes of perceived failure rises the Phoenix of Incredible Accomplishment. Don’t consider it a failure, consider it as an opportunity. Let’s take a minute and talk about Soichiro Honda.
Do You Know Soichiro Honda?
Born in 1906, as a boy he helped his father repair bicycles in his home village of Komyo, Japan. At the age of 16 he left for Tokyo and worked in an automobile repair shop until age 22 when he started his own repair business.At that time, most of the big businesses in Japan were run by “old money” families and a real “good-old-boys” network, but following the war, a number of new corporations sprang up including, Toyota, Fuji and Suzuki.Soichiro wanted to make piston rings for Toyota and started a business to do just that, but was mocked because of his inferior designs. Despite the total rejection and humiliation, he was determined to manufacture piston rings for Toyota. Although he was a poor student, he went back to school and eventually came up with a piston ring that Toyota purchased and went to work constructing a manufacturing facility.Because of the war, without raw materials to build a plant, Soichiro put his engineers to work. They created their own concrete, construction began and piston ring manufacturing followed. Soichiro was in the piston ring business.Unfortunately a hurricane destroyed his manufacturing plant, leaving him broke and penniless.
What Did Soichiro Do?
Because he couldn’t afford an automobile, he put a small motor on a bicycle and went back to work. He eventually started making his motorized bicycles for friends and neighbors, when the idea to mass produce them made sense.Because he had no money, he convinced a group of bicycle shops all throughout Japan to finance the creation of what became the Honda Cub, an incredibly popular motor-bike in Japan and the United States during the 50′s.
Soichiro Honda is a True American Success Story (Despite the Fact that He’s Japanese)
Today, Honda Motors is one of the biggest and most successful automobile manufacturers in the world. Who would have thought that after initially suffering humiliation and defeat atToyota, Honda Motors would become such an incredible competitor?
What Does this Have to do With Getting Fired?
Realize that the axe falls on just about everybody at one time or another. Mr. Honda may not have been an employee of Toyota, but he was fired and rejected by them. You are not alone. In fact, Francie Dalton, a business consultant in Columbia Maryland, says there are eight stages that most people go through after being fired.
Incredulity
Humiliation
Terror
Resentment
Acceptance
Perspective
Action
Control
Understanding your feelings as normal should make it easier to move on.In fact, how it happens isn’t as important as what you do after it happens. The quicker you can jump to step 5 and move on, the better off you’ll find yourself.Dalton goes on to say, “You can’t stay in the dumps forever, so why not take the next step now? You can stay miserable for two weeks, or get excited, seek better alliances and see this time as an opportunity.”
You Want Me to be Excited ?
Many folks who find themselves in this position realize that they face a really a great opportunity to do something that they really want. Often, they find it to be the perfect time to start their own business.Starting a Bookkeeping and Tax Preparation business is a great idea right now. As small businesses continue to grow, the need for qualified bookkeepers and accountants will continue to increase. If you’re interested in a recession-proof profession that has created a profitable income since before the Italian Renaissance, I haven’t found a better profession than bookkeeping and accounting.To learn more about what a fantastic opportunity awaits you, simply click on the link below. It may be hard to believe right now, but let me be the first to offer my congratulations on the new opportunites that stand before you.Click Here to Find Out What a Great Opportunity it is to Own a Professional Bookkeeping Business
What Makes a Professional Bookkeeping Business Even Better?
Nothing is a better companion to a profitable bookkeeping and accounting business than adding professional tax preparation. By increasing the number of products that you can offer, you’ll not only be able to provide your clients with a complete financial service package, but will be able to create a better income for you and your family as well.
Why Should I Consider Adding Bookkeeping and Accounting to My New Tax Preparation Business?
As you can see on the graph at the left, income from a tax preparation business will peak during the first four months of the year. Many professional tax preparers are able to bill at rates that are $100 per hour or more, enabling them to work for 4 to 6 months per year and semi-retire the rest of the year.As you are building your tax preparation practice, many of our graduates have found that adding a bookkeeping and accounting service has provided a means for them to stabilize their income throughout the year.At Universal Accounting, we’ve discovered over the years that the average small business bookkeeping account will generate an income of approximately $300 per month. By billing your tax clients on a monthly basis and offering tax planning services along with year-end tax preparation services, you can feel confident billing $100 per month for tax preparation services creating a gross billing of $400 per month to clients who receive a complete financial service.The graph below shows the impact that adding bookkeeping services and tax preparation services can produce for your business. Click on the link below for a more complete description of what combining a tax preparation business with a bookkeeping and accounting practice can do for you.Click Here and Find Out More About Offering Full-Service Financial Services
Starting a Tax Preparation Business Makes Sense
Click Here to Compare Universal’s Professional Tax Preparer Certification to a FranchiseUnlike franchises, with an education from Universal Accounting you can begin your accounting and tax practice by operating out of your home. In fact, that’s what we’d recommend. You don’t need to run an accounting or tax service out of an expensive office space. The only people who will find you in an office will be the people trying to sell you something.
Last summer, Universal Accounting Center updated their website and added a video tour to better introduce visitors to the UAC mission and to key Universal players. In our efforts to expose you to more resources found on UAC’s website, we’d like to share a portion of that tour with you today.At the beginning of the tour you’ll find Allen Bostrom, President and CEO of Universal Accounting Center. Allen introduces the video tour, explaining what Universal has to offer accountants, tax preparers, and small business owners. Following Allen, Roger Knecht discusses the role UAC plays in helping countless graduates start and build their own accounting and tax service. Today we’d like to introduce you to Miriam Coons, Director of Human Resources, who talks about the wealth of student testimonials regarding Universal’s proven training programs.UAC has been training accountants and business owners in the proper method of small business accounting since its doors first opened in 1979. That gives us over 27 years experience teaching professionals like you small business accounting, tax preparation, and marketing. With over 13,000 graduates since 1980, we have been able to gather countless testimonials from our students.
Mariam’s Video Segment
Mariam Coons talks about student testimonials in this video.
A Wide Variety of Ringing Endorsements
The great thing about our testimonials is that they come from a variety of sources. Many are looking to either open their own accounting practice or grow their current business by increasing clientele. Others are looking for new and improved job opportunities and promotions. While others still are interested in sharing a third-party review, either as a current or potential employer or a financial professional who has examined our training materials. Here’s what just a few of those individuals have to say.New Job OpportunitiesUAC’s training enables individuals with extensive, little or no accounting and tax background to advance their careers, find better jobs or earn promotions in their current line of work. Here’s what just a few of these graduates have to say:
I was particularly impressed with your ability to make accounting concepts simple. I am surprised at how much I was able to learn from you in just four weeks. - S. PatrickWithout your training program I would never have considered this position, I now have the confidence and the skills to be an effective member of the corporate level management group. – Ralph Coleman Read the rest of the testimonialI am now working for a very prominent land developer. I manage several multi million dollar accounts and companies and am responsible for all of the financial statements and reporting of each account and company. – Jodi Eldridge
Business OpportunitiesMany enroll in our programs because they’re interested in running their own accounting and tax practices. These individuals find that our exhaustive training prepares them for every situation they will encounter with their clients. They also appreciate the opportunity to pace their progress, either finishing the course in a matter of months, or within just 60 hours. Here are what a few of these graduates have to say:
I am a single parent who was registered at the community college to complete my accountingbookkeeping course. This would have taken 2 years to complete. Having completed the course at Universal Accounting, I have cancelled my registration at the college. I now feel able to offer accounting services and will also be able to run this out of my home. – Lori MooreSince I graduated from college, it has always been my dream to have my own accounting business which I could operate from MY own home. I know that I now have the information and tools to do this because of Universal Accounting Center. – K. K. EllersEven though I have worked for small companies and their books for quite a few years, I learned more in the first 2 weeks than in my years of doing books. This class has given me the confidence to go and start my own business with confidence. Thank you for an enjoyable experience. – Julie M. Hemsley
Employers and Other Satisfied ReviewersWe are also lucky to have employers and other professionals send us glowing testimonials regarding UAC’s programs. Here’s a small sampling:
I purchased the course as a review for myself, but also as a training tool for my two employees. My employees have a working knowledge in their areas of expertise (payroll and accounts payable), but little or no book knowledge of the complete accounting process…we are all impressed with the ease with which we are picking up and retaining the information. – Wendy SinesI believe that it’s courses will be a highly worthwhile addition to the range of programs now offered by post-secondary educational institutions within the state.—W. Michael Seganish Read the rest of the testimonialI have had the opportunity of not only interviewing, but in many cases placing graduates of the UAC’s training program. I have found that many of the graduates are place-able. I truly look forward to each graduating class and the opportunities that come from working with these candidates. – Sue Ellen Chaney
This is just a miniscule sampling of the countless testimonials we have on file, providing readers with the evidence they need to feel confident that this program can benefit their lives. Don’t just take our word for it. Read more testimonials or click continue to enjoy the remainder of Universal Accounting Center’s tour.
We at Universal would like to thank those who responded to the survey we’ve conducted these past couple of weeks. We are continually gauging and taking measurements on how we can best answer the challenges that all of us face in the Tax Preparation business. We appreciate your time and the interesting insights that were shared. And we would like to share some of the results we received from others like you.
The following, which are not in any particular order, are some of the feedback we received from you.
1.Branching Out To New Horizons.One of the trends we saw with the responses we received is that a greater portion of you have a full time job, i.e. employed by another company in the capacity of the financial person in the company (Comptroller, Accounts Receivable/Payable, Accountant etc.). That the majority were looking to gather the best information, gain the proper skills and the know-how to branch out to new horizons. Even for those who had and ran their own Tax Preparation business, the factor of going to the next level with revenue, accounts and customers was a call we heard in the responses. We will remain at-the-ready on this to help those who want to get that promotion at work, or change companies, or start their own Paid Tax Prep business. Even those who have that type of business, and just want to grow it, we are there for you.
2.An “Ear” To The Tax Changes.Many who responded thanked us for keeping up on the changes on a national level of what’s happening in regards to new laws and requirements of the federal government on the Tax Preparation profession. It’s our pleasure to be of service to you in these essential matters. Like you, we are affected by these changes and would like to receive up-to-date information as well. That is why we “keep our ear to the rail” and monitor what is coming out of Washington and the IRS. We know this type of information is invaluable to those in our profession and so we will continue to commit our time and resources to make those changes known to you.
3. Business Management TacticsFor those who have their own business, and for those who are running their own departments in someone else’s business the topic of managing your time, and your processes of doing things are on your mind. We have some insight on business management, and how to be successful in the daily grind of work and how to keep yourself organized and on task. We have written many articles on this subject, and it is clear we need to keep this in the forefront for our valued readers. Be looking for more of these type of articles in the Tax Tips Newsletter.
4. Marketing Is The Word.Many of us may not be known as the marketing genius for our own business. In fact, for most business owners in and out of Tax Preparation that is the case. They do well in the Production portion of things (doing the work of the company) but how to bring in the business… now that is a different matter. We at Universal have been in your shoes before. We have put them on, walked around in them, “hooved” ourselves into business after business. and potential customer after potential customer. We have years of experience fueling our Marketing-for-Business efforts. Time-tested, proven ways to get that needed business coming in your door, or better yet you going in theirs. We will keep you primed with what works, get you into the mode of thinking, “Success”, and then be your cheer section as you apply these strategies to build your business.
Stay tuned for articles designed to answer your challenges and what you need answered! We continue to listen to what you have to say and strive to provide timely information to you. Keep an eye out for the next Tax Tips Newsletters that will have the subjects that you requested. If you haven’t had the chance to delve deeper into getting the Professional Tax Preparation Designation, don’t procrastinate and do it today. No matter if you are an employee or employer, the training you receive will move you to the next level in your career. Find out more by clicking here
It’s mid-summer and you’re probably experiencing a lull in business; not too many are interested in taxes this time of year. What are some things you can do? We have a suggestion. Why not use this time to enhance your skills and become a full service financial provider? You’ll be able to increase your service offerings and turn your business into a full-time, year-round venture. It’s finally time to quit your day job and give yourself a raise.
How Easy Is It?
You may think that adding accounting services to your offerings would require a lot of time, energy, and money. That’s simply not true. In 60 hours you could not only have the skills, but the confidence to perform small business accounting for a growing niche market. Universal Accounting Center’s Professional Bookkeeper (PB) Program provides hands-on training in the day-to-day accounting tasks required by small businesses. From payroll to bank reconciliations, you’ll learn how to manage more than your clients’ books; you’ll also become their Profit Expert, informing them how they can increase their business’s profitability and success. Imagine how valuable that service would be to small business owners who often struggle to last longer than 5 years.
Testimonial:This course has really helped open options I never thought I had before. The training was easy to understand, and the hands-on work emphasizes that understanding and know-how.-Barbara W.
How Much Could You Make?
We’ll do more than give you an average income range; we’ll share an equation that will help you calculate how many clients you will need to earn the income you desire. You can charge the average client $300/month. If you have 20 clients you’re earning $6000 per month. That’s $72,000 in one year, and that number doesn’t even take into account how much you earn during tax season. Depending on your needs, you can increase or decrease the number of clients in order to hit your target income.
Testimonial:As of July 1st, I am leaving my job of 15 years and working my business full time. I already have enough clients, on contract, to give me a larger annual income than I had working for my employer.-Robbie Ursu
How Many Clients Could You Have?
We challenge you to take a drive down your main street or thumb through the yellow pages of your local phone book. How many small, local businesses can you find? And that doesn’t even include the countless entrepreneurs working from their homes. Your potential client base is huge and continues to grow every year.
Testimonial:After completing UAC’s training I opened my business. I now have 15 clients, and have only had one meeting that did not result in a new client.-Victoria Richardson
How Long Would It Take To Get Started?
The Professional Bookkeeper Program is designed to teach you everything you need to know to get started. And because operating an accounting and bookkeeping practice from your home requires little to no startup costs, you could have your practice up and running as soon as you’re ready. This program is practically a ready-made business; you add confidence and stir.
Testimonial:I did not imagine that I could face this world out there and talk confidently about accounting and bookkeeping, let alone start my own business in it. But having this class, I have developed the confidence that I need to go out there and be on my own and the confidence to make a go at it. I’m ready to face the world!!!-Julie M.
Now is the perfect time to take advantage of a lull in business to grow your clientele and become a full-service financial provider. It’s not only easy, but profitable and can take just a couple months to get started. You’ve already got a strong base with your tax preparation business. Why not take advantage of your standing by growing your business this summer?
The Professional Bookkeeper Program
It’s never been so easy to grow your tax practice into a full-service financial consultancy. By adding bookkeeping services to your menu your business becomes busy year-round, enabling you to quit your day job and live your dream as a self-employed financial professional. Don’t delay your future; enroll in the Professional Bookkeeper Program today!
Investing 12 Minutes Makes $100 Per Hour Possible for You
That’s right… you can enjoy a great income and lifestyle. That’s a pretty outrageous statement, but I’ve seen it happen for hundreds of people just like you. While the video downloads, let me tell you about what you’re going to see.
The Following Video Will Introduce You to the Professional Tax Preparer Certification
Since 1979, Universal Accounting Center has been teaching the ins-and-outs of small business accounting and tax preparation. That’s over 25 years of people just like you and me learning how to help individuals and businesses with their income tax planning and preparation. (And making a really good living as well.)Most professional tax preparers are charging $100 per hour or more to file an individual’s tax return and even more for business returns. Spending a few minutes watching this video will answer many of your quesitons regarding how to start a professional tax preparation service.
Isn’t The Tax Code Pretty Complicated?
If you haven’t ever done your own taxes, you might think the tax code, (which is now a volume that rivals the size of the King James version of the Bible), might be too complicated. It’s not. This video will show you how, with the right education, you can learn the ins-and-outs of preparing and filing personal and business taxes and earn a great income.The following video will introduce you to Universal’s DVD-based training and written coursework that are the most complete and easy to understand method for learning the tax code available anywhere. Our DVD-based training makes it possible for you to feel like you’re in the classroom with your instructor. But even better, if you don’t quite understand a concept, you can rewind and review until you do. I’ve never had a teacher in a live class let me do that.
Can a 12 Minute Video Really Show Me Enough?
It really can. Spend a few minutes and see for yourself what a great opportunity starting a professional tax preparation business can be. You’ll hear skilled and qualified tax preparers tell you how the Professional Tax Preparer Course enabled them to find the personal and professiona success they were looking for.
How Can I See It?
Click play on the video screen below and see how achievable, profitable and easy starting a professional tax preparation practice can be. I’m confident it will be the best 12 minutes you could spend today. The video can be best viewed with a high-speed internet connection.After you’ve seen the video, follow the link below to learn more about starting a professional tax preparation business and earning $100 per hour or more. You owe it to yourself.Click Here to Turn 12 Minutes into $100 Per Hour
*Tax Foundation Annual Survey of Attitudes on Tax and Wealth
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We all seem to have them—swirling black holes that drain time from our workday and make us less productive. If we manage a business, this is a greater hazard as loss of productivity can threaten our bottom line and, ultimately, our livelihoods. But if we can recognize those time drains, metaphorically surrounding them with orange traffic cones, perhaps we can better manage our time and increase our efficiency. Avoid these eight time traps:
As you can see on the graph at the left, income from a tax preparation business will peak during the first four months of the year. Many professional tax preparers are able to bill at rates that are $100 per hour or more, enabling them to work for 4 to 6 months per year and semi-retire the rest of the year.As you are building your tax preparation practice, many of our graduates have found that adding a bookkeeping and accounting service has provided a means for them to stabilize their income throughout the year.At Universal Accounting, we’ve discovered over the years that the average small business bookkeeping account will generate an income of approximately $300 per month. By billing your tax clients on a monthly basis and offering tax planning services along with year-end tax preparation services, you can feel confident billing $100 per month for tax preparation services creating a gross billing of $400 per month to clients who receive a complete financial service.The graph below shows the impact that adding bookkeeping services and tax preparation services can produce for your business. Click on the link below for a more complete description of what combining a tax preparation business with a bookkeeping and accounting practice can do for you.
Last summer, Universal Accounting Center updated their website and added a video tour to better introduce visitors to the UAC mission and to key Universal players. In our efforts to expose you to more resources found on UAC’s website, we’d like to share a portion of that tour with you today.At the beginning of the tour you’ll find Allen Bostrom, President and CEO of Universal Accounting Center. 
This is just a miniscule sampling of the countless testimonials we have on file, providing readers with the evidence they need to feel confident that this program can benefit their lives. Don’t just take our word for it. 
One of the trends we saw with the responses we received is that a greater portion of you have a full time job, i.e. employed by another company in the capacity of the financial person in the company (Comptroller, Accounts Receivable/Payable, Accountant etc.). That the majority were looking to gather the best information, gain the proper skills and the know-how to branch out to new horizons. Even for those who had and ran their own Tax Preparation business, the factor of going to the next level with revenue, accounts and customers was a call we heard in the responses.
