Powerful ideas from top nonfiction
Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
The Enrolled Agent Tax Consulting Practice Guide summary
C. Pinheiro
Owen Arnoff
Brief summary
The Enrolled Agent Tax Consulting Practice Guide is a comprehensive resource that provides valuable insights and practical tips for enrolled agents. It covers everything from client management to tax preparation, making it essential for anyone in the tax consulting industry.
Topics
Table of Contents
The Enrolled Agent Tax Consulting Practice Guide
Summary of key ideas
Understanding the Enrolled Agent Profession
In The Enrolled Agent Tax Consulting Practice Guide, C. Pinheiro and Owen Arnoff provide a comprehensive overview of the enrolled agent profession. They begin by explaining the role of enrolled agents (EAs) as tax professionals authorized to represent taxpayers before the Internal Revenue Service (IRS). The authors delve into the requirements for becoming an EA, including passing a rigorous three-part exam or having relevant work experience at the IRS.
Pinheiro and Arnoff emphasize the importance of continuous education for EAs, as tax laws are constantly changing. They discuss the various ways EAs can stay updated on tax regulations and maintain their professional competence. The authors also highlight the ethical standards EAs must adhere to, emphasizing the significance of maintaining client confidentiality and avoiding conflicts of interest.
Setting Up and Managing an EA Practice
The authors then shift their focus to the practical aspects of setting up and managing an EA practice. They provide valuable insights into the initial steps of establishing a tax consulting business, including obtaining the necessary licenses and permits, setting up an office, and developing a business plan. Pinheiro and Arnoff also discuss the different business structures EAs can choose from, such as sole proprietorships, partnerships, or corporations.
Furthermore, the authors delve into the operational aspects of running an EA practice, including client management, record-keeping, and time management. They stress the importance of maintaining accurate client records and implementing efficient time management strategies to ensure the smooth functioning of the practice. Additionally, they provide guidance on setting fees, billing clients, and managing cash flow.
Marketing and Growing an EA Practice
In the next section of The Enrolled Agent Tax Consulting Practice Guide, Pinheiro and Arnoff explore the strategies for marketing and growing an EA practice. They emphasize the significance of building a strong professional network and leveraging referrals from satisfied clients and other professionals, such as attorneys and financial advisors. The authors also discuss the role of digital marketing, including website development, social media, and email marketing, in promoting an EA practice.
Moreover, the authors provide insights into expanding an EA practice by offering additional services, such as tax planning, representation in IRS audits, and resolving tax problems. They stress the importance of specialization and continuous learning in these areas to provide high-quality services to clients. Additionally, they discuss the potential challenges and opportunities associated with expanding an EA practice.
Client Relations and Professional Development
Pinheiro and Arnoff also dedicate a section of their book to client relations and professional development for EAs. They emphasize the significance of building strong, long-term relationships with clients based on trust, integrity, and professionalism. The authors provide guidance on effective communication, managing client expectations, and handling difficult client situations.
Furthermore, the authors discuss the various professional development opportunities available to EAs, such as joining professional organizations, attending industry conferences, and pursuing advanced certifications. They stress the importance of staying updated on industry trends and regulations to provide the best possible service to clients.
Adapting to Industry Changes and Conclusion
In the final section of The Enrolled Agent Tax Consulting Practice Guide, Pinheiro and Arnoff address the evolving landscape of the tax consulting industry. They discuss the potential impact of technological advancements, regulatory changes, and market trends on EA practices. The authors emphasize the need for EAs to adapt to these changes and continuously innovate to remain competitive.
In conclusion, The Enrolled Agent Tax Consulting Practice Guide serves as a comprehensive resource for individuals aspiring to become EAs or looking to enhance their existing EA practices. The book provides valuable insights into the technical, operational, and marketing aspects of running a successful EA practice, while also emphasizing the importance of professional ethics and continuous learning.
How do we create content on this page?
More knowledge in less time
Read or listen
Get the key ideas from nonfiction bestsellers in minutes, not hours.
Find your next read
Get book lists curated by experts and personalized recommendations.
Shortcasts New
We’ve teamed up with podcast creators to bring you key insights from podcasts.
What is The Enrolled Agent Tax Consulting Practice Guide about?
The Enrolled Agent Tax Consulting Practice Guide by C. Pinheiro and Owen Arnoff provides a comprehensive overview of the tax consulting industry for enrolled agents. It covers everything from setting up and managing a successful practice to navigating complex tax laws and regulations. With practical tips and real-life examples, this book is a valuable resource for anyone looking to excel in the field of tax consulting.
The Enrolled Agent Tax Consulting Practice Guide Review
The Enrolled Agent Tax Consulting Practice Guide (2020) is a practical resource for anyone looking to excel in tax consulting. Here's why this book is definitely worth reading:
- This book offers expert guidance and insights into the world of tax consulting, providing readers with the knowledge they need to succeed in this field.
- With its comprehensive coverage of tax laws, regulations, and best practices, it serves as a valuable reference for both beginners and experienced professionals.
- Readers will appreciate the practical examples and case studies included in the book, which help to bring the content to life and make it more relatable.
Who should read The Enrolled Agent Tax Consulting Practice Guide?
- Enrolled agents looking to expand their tax consulting practice
- Tax professionals seeking guidance on marketing and client acquisition
- Individuals interested in learning how to build a successful tax consulting business
Categories with The Enrolled Agent Tax Consulting Practice Guide
Book summaries like The Enrolled Agent Tax Consulting Practice Guide
People ❤️ Blinkist
Sven O.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Thi Viet Quynh N.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Jonathan A.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Renee D.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
People also liked these summaries
4.7 Stars
Average ratings on iOS and Google Play
32 Million
Downloads on all platforms
10+ years
Experience igniting personal growth
The Enrolled Agent Tax Consulting Practice Guide FAQs
What is the main message of The Enrolled Agent Tax Consulting Practice Guide?
The main message of The Enrolled Agent Tax Consulting Practice Guide is to provide comprehensive guidance on tax consulting for Enrolled Agents.
How long does it take to read The Enrolled Agent Tax Consulting Practice Guide?
The reading time for The Enrolled Agent Tax Consulting Practice Guide varies depending on the reader's speed. However, the Blinkist summary can be read in just 15 minutes.
Is The Enrolled Agent Tax Consulting Practice Guide a good book? Is it worth reading?
The Enrolled Agent Tax Consulting Practice Guide is a valuable resource for Enrolled Agents. It offers practical insights and detailed guidance to enhance their tax consulting practice.
Who is the author of The Enrolled Agent Tax Consulting Practice Guide?
The authors of The Enrolled Agent Tax Consulting Practice Guide are C. Pinheiro and Owen Arnoff.
What to read after The Enrolled Agent Tax Consulting Practice Guide?
If you're wondering what to read next after The Enrolled Agent Tax Consulting Practice Guide, here are some recommendations we suggest:
- Basic Economics by Thomas Sowell
- The Ascent of Money by Niall Ferguson
- Think and Grow Rich by Napoleon Hill
- The 4-Hour Workweek by Tim Ferriss
- Rich Dad, Poor Dad by Robert T. Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
- The Richest Man in Babylon by George S. Clason
- Business Adventures by John Brooks
- The Most Important Thing by Howard Marks
- More Money Than God by Sebastian Mallaby
Featured Titles
- A Practical Guide to Risk Management
- Against the Gods
- Beating the Street
- Bulls, Bears and Other Beasts
- Corporate Value of Enterprise Risk Management
- DotCom Secrets
- Encyclopedia of Chart Patterns
- Extraordinary Popular Delusions and the Madness of Crowds
- Financial Planning & Analysis and Performance Management
- Incerto
- Managing Risk and Information Security
- Manias, Panics, and Crashes
- Margin of Safety
- Market Wizards
- Market Wizards, Updated
- Option Valuation Under Stochastic Volatility
- The 9 Steps to Financial Freedom
- The Business Owner's Definitive Guide to Captive Insurance Companies
- The Field Guide to Understanding 'human Error'
- The Five Rules for Successful Stock Investing