Tips for Accountants Articles

Pricing payroll services isn’t one-size-fits-all. Accountants need a structure that’s transparent for clients, profitable for the firm, and flexible enough to scale with complexity. The best answer to “How should accountants price payroll services?” is to choose a model that aligns fees with what your clients need and communicate it with clear, itemized pricing. 

In 2024, the median pay for accountants and auditors was $81,680 annually. But the highest 10% of accountants earn over $141,420. And if you’re like most hard-working accounting professionals, you may wonder how to make more money as an accountant.

“Do you handle payroll too?” It might be time to say yes if your clients have asked this question. And here’s the best part: offering payroll services provides a new revenue stream with minimal effort, thanks to cloud-based payroll systems.

Do you have a valid PTIN? Getting or renewing a Preparer Tax Identification Number (PTIN) is required for preparing or assisting in preparing a return or refund claim. This article provides a step-by-step guide on how to get a PTIN, including the application process, fees, and renewal requirements.

Setting your accounting service rates for the first time or updating them? Either way, you might be wondering: How much do accountants charge?

Finding new ways to drive passive income is a business-savvy move. That’s why more accountants are learning how to do affiliate marketing. 

Do you have a client who can’t pay their tax bill? You may need to help them set up a payment plan with the IRS. A payment plan, such as an installment agreement, generally decreases penalties and prohibits the IRS from levying assets. 

From tax preparation to advising, your accounting services are invaluable to small businesses. One in-demand service among small business owners is payroll. Not to mention, 43% of accounting firms believe payroll services can benefit clients. 

Busy season for accountants can be a stressful time. You work long hours, sometimes around 100 hours a week, and crunch endless numbers during tax season. Who says you can’t find some humor amidst the piles of paperwork?