Happy New Year!<\/p>\n
As many of you know, we have had a challenging year and a year full of change.\u00a0 We have A LOT of new updates for 2023 and the upcoming tax season and A LOT of detailed information to share.\u00a0 It will take some time to go through it all (& digest it all) \u2013 so thank you in advance for taking the time to do so.<\/p>\n
Below is a series of videos.\u00a0 Each one also has a transcript available for download if you prefer reading to watching\/listening.\u00a0 Please note the transcript was done by an automated system (a computer, not a human), so it is imperfect.<\/p>\n
<\/p>\n
Here\u2019s an overview of what to expect with each video:<\/p>\n
General firm update<\/em><\/strong> – I\u2019ve been getting a lot of clients asking how things are going with my health, our team, and all of our firm transition (thank you for caring!).\u00a0 Here\u2019s a brief update \u2013 and an overview of what to expect in the other videos.\u00a0 (Edited to add: Based on a few questions coming in, I want to clarify that identifying the three core types of clients we are focusing on moving forward are the types of NEW clients we are accepting.\u00a0 This is not intended to be an indirect way to tell any existing clients we cannot serve you.\u00a0 If I ever see a shift in our business or a client’s needs that become a mismatch, I will communicate with any affected clients directly.)<\/p>\n Watch the video here<\/a>\u00a0 (optional – Transcript Firm Updates Overview<\/a>)<\/p>\n <\/p>\n New Portal system<\/em><\/strong> \u2013 We have a NEW secure online portal for our clients.\u00a0 Optionally, you can also use a mobile app to access the system.\u00a0 It will be used to consolidate documents, e-signing, communications, and more, all in one place.<\/p>\n Watch the video here<\/a> (optional – Transcript New Portal System<\/a>)<\/p>\n <\/p>\n New \u201cWorry Free\u201d Client Care Package<\/em><\/strong> \u2013 For the first time ever, we are offering tax notice, audit, and identity theft protection.\u00a0 I didn\u2019t see a need to offer this in the past, but given the new funding to the IRS, I think it\u2019s time.<\/p>\n Watch the video here<\/a>\u00a0 (optional – Transcript Worry Free Client Care Package<\/a>)<\/p>\n <\/p>\n New tools to verify your bookkeeping is ready<\/em><\/strong> \u2013 Every year we receive QuickBooks files that aren\u2019t ready for tax preparation.\u00a0 We will ask you if your books are ready, but how do you know?\u00a0 We have a new checklist for the most common, easy to spot (even with no accounting knowledge) red flags that indicate your books are not ready.<\/p>\n Our full blog post on these tools, including video demo, can be found here<\/a><\/p>\n <\/p>\n New timelines for Q&A with us<\/em><\/strong> \u2013 We are implementing timelines for handling Q&A items with you in the tax preparation process to ensure a smooth flowing tax preparation process and on-time filing.<\/p>\n Watch the video here<\/a>\u00a0 (optional – Transcript Q&A Timelines for Tax Prep<\/a>)<\/p>\n <\/p>\n New Intake due dates<\/em><\/strong> \u2013 We are staggering our intake due dates \u2013 the date we need all of your tax info may be different than last year.<\/p>\n Watch the video here<\/a>\u00a0 (optional – Transcript Intake Due Date<\/a>)<\/p>\n <\/p>\n New 1099-K forms<\/em><\/strong> \u2013 Two days after I shot this video, the IRS said they are pushing back this requirement by 1 year.\u00a0 However, some companies are \u201cpracticing\u201d this year and issuing these forms under the new rules, so watch for them (and watch this video to understand why).<\/p>\n Watch the video here<\/a>\u00a0 (optional – Transcript 1099-K<\/a>)<\/p>\n <\/p>\n Thank you for the opportunity to serve you.\u00a0 I appreciate your trust and confidence in our team.\u00a0 It is truly an honor to be of service.<\/p>\n Siobhan<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Happy New Year! As many of you know, we have had a challenging year and a year full of change.\u00a0 We have A LOT of new updates for 2023 and the upcoming tax season and A LOT of detailed information to share.\u00a0 It will take some time to go through it all (& digest it […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/posts\/699"}],"collection":[{"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/comments?post=699"}],"version-history":[{"count":5,"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/posts\/699\/revisions"}],"predecessor-version":[{"id":717,"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/posts\/699\/revisions\/717"}],"wp:attachment":[{"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/media?parent=699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/categories?post=699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpabellingham.com\/blog\/wp-json\/wp\/v2\/tags?post=699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}