Lessons From Two COVID Tax Seasons

  • Accountant
  • AFSP
  • CPA (US)
  • EA
  • MRTP
  • CFIRS
  • CWS

Published: August, 2021

Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • How did the past tax season go?
    3 mins
  • Reacting to impacts of Government Behaviour
    9 mins
  • Attributes of Adaptable Practice Management Systems
    11 mins
  • Effects of Client Behaviour
    25 mins
  • Hoe do we combat lower productivity?
    39 mins

Course Description

Just how much has the pandemic affected the way CPAs conduct their business? Quite a lot, it seems

Every day, we hear tales of how COVID-19 has upended people’s lives—from the way they work to the way they spend their free time. And it’s only natural that CPAs and the businesses they serve have been affected as well.

In the midst of all the uncertainty, one silver lining of the pandemic was that, as tax professionals, we learned strategies about how to approach tax season that we otherwise might not have come across, and how we and our clients alike might benefit from them in the future.

Some of the main themes that emerged:

FROM ONSITE TO OFFSITE

As might be expected, the pandemic brought a rapid—and sometimes enduring—shift to remote work for many CPAs.

NEW NEEDS, NEW REQUESTS

The massive uncertainty associated with COVID-19 naturally unleashed a whole range of new and unprecedented requests and challenges from clients and others.

We’ve adapted, adjusted and benefited from a lot of lessons learned’

Below are some of the takeaways from the last two tax seasons, and although we hope it’s an experience we never have to face again, these strategies can improve the process—even in the best of times.

  • Planning has never been more important.
  • Filing early is still a great strategy
  • Know your firm, your clients and your staff.

In this online CPE webinar, the following major questions will be answered:

  • How did this past tax season go?
  • Which factors contributed to the mess that the last two tax seasons were?
  • What were the effects of government behavior and how to react?
  • What are the effects of client behavior and how to react?
  • What are the effects of staff behavior and how to react?
  • What are the attributes of adaptable practice management systems?

This online CPE course can be a key for the accountants, tax preparers to smoothen the rough patches and improve customer experience and convenience.


Click to access more webinars on Accounting & Auditing | Financial Planning CPE Courses | Latest Tax Updates

Learning Objectives

  • To list the reasons for the last two tax seasons difficulty.
  • To list the factors, we can control and those we cannot.
  • To discuss how we can change our practices to adapt to uncertainty.
  • To discuss how we can influence client behavior to improve our practices.
  • To discuss the strategies to manage our staffs effectively and improve their productivity.

Recommended For

This online CPE webinar is recommended for CPAs, Tax Professionals, and Other Practitioners desiring to enhance their business management capabilities while earning CPE credit hours.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Practice Owners
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Firm
  • Tax Preparer
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Business Management and Organization for Certified Public Accountants (CPA-US)
  • 1 CE Credit for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00854-21-S)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00854-21-S)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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 credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

FRANK STITELY, CPA (US)

Advisor, Clarity Practice Management, LLC

CEO of Clarity Practice Management, LLC and managing member of Stitely & Karstetter, CPAs. Speaks and present on a wide range of practice management topics including effective workflow, effective client communications, and staff collaboration. Author of "The Relentless CPA: A New 21 Century System for Driving Success at Tax and Accounting Firms. CPA practice specializes in serving small businesses and business owners in the areas of taxation, financial reporting, and business valuation.

About Company

Clarity Practice Management, LLC

www.claritypracticemanagement.com

Clarity Practice Management, LLC provides cloud-based practice management software, which combines project management, client communications,a nd staff collaboration on one platform. Clarity helps CPAs and accountants manage their practices without letting their practices manage them.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.6

543 Ratings

Excellent

339

Very Good

169

Average

33

Poor

2

Terrible

0

SH

Sheri Henson, Accountant, CPA (US)

Sep 1st, 2021

Excellent presentation. As I am currently not employed but instead am caring for elderly and young family members, not relevant at the present time but very informative.

SW

Sandy Wojtysiak, CPA (US)

Sep 19th, 2021

Awesome webinar! We've all felt these things, but you gave easy to understand and follow ways to overcome them.

ML

Michelle Lafrinere, CPA (US)

Dec 29th, 2021

Definitely felt the pains they described in this presentation. Well organized and easy to follow.

RO

Rebecca Olson

Dec 6th, 2021

Great webinar! This one hit the nail on the head, as far as Covid affecting tax season(s) goes.

EM

Ethan Miller, Others

Jan 26th, 2022

This was an interesting and well-explained webinar regarding COVID times in the workplace.

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