EP17: Scale Your Accounting Business With Offshoring and Remote Work with Chris Rivera

04/13/21 • 24 min

Chris Rivera is the director of client relations and business development at Entigrity, a leading offshore solutions provider to the tax and accounting space. Chris’s background had always been in client relations. Going through the remote hiring process himself helped establish the framework they use to help accountants find remote employees now. Remote work has been around since the introduction of the internet, but in most industries, it hasn’t been fully embraced until recently. The CPAs that Chris talks to generally need a fair bit of education to help them understand the remote aspects of the work. He helps address their concerns and uses the initial call to determine exactly what they require from a remote worker. There has been a spike in business since May of last year. The pandemic is showing everyone that they can work with anyone anywhere. This technology has also made it easier to conduct business as well. Clients call Chris for a number of different reasons, the main ones being bookkeeping, audits, and accounting. It’s always important to diversify your resources, and that includes your team. Learn more by watching this week's episode! Loved this episode? Own the step-by-step blueprint for getting more pay-in-advance, high-value tax resolution clients than you ever thought possible! Check out the Tax Resolution Domination System & Toolkit that includes a complete business system that bolts-on to any sized tax, accounting, or law practice and one where most of the work is already done for you! 5 Surefire Steps for Attracting & Retaining A Continuous Flow of Pay in Advance IRS Tax Problem Clients Every Month. SAVE YOUR SPOT NOW! https://www.rozstrategies.com/live-training/

Previous Episode

EP16: What Do You Do When You Have An Uncooperative Tax Resolution Client?

On the Roz Strategies podcast, Certified Tax Resolution Specialist and CPA Michael Rozbruch shares with you his secret systems and strategies that made him a pioneer in the tax resolution business and helped him generate over 100 MILLION DOLLARS in revenue in fourteen years! Tax resolution work is precise and time-bound. Clients actually pay for you to help them get out of their problem with the Internal Revenue Service (IRS). In this episode, Michael discusses what to do if your clients are uncooperative and ignoring you? Key points covered in this episode:

The one crucial thing you should do to get uncooperative clients to respond to you effectively
Build a trusting relationship with your client and establish leadership and professionalism

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The Tax Resolution Success Show with Michael Rozbruch

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Loved this episode? Own the step-by-step blueprint for getting more pay-in-advance, high-value tax resolution clients than you ever thought possible! Check out the Tax Resolution Domination System & Toolkit that includes a complete business system that bolts-on to any sized tax, accounting, or law practice and one where most of the work is already done for you!

5 Surefire Steps for Attracting & Retaining A Continuous Flow of Pay in Advance IRS Tax Problem Clients Every Month. SAVE YOUR SPOT NOW! https://www.rozstrategies.com/live-training/

Next Episode

EP18: Cryptocurrency & Taxes

Hey, it's Michael Rozbruch, creator of the Tax Resolution Domination System and ToolKit and also the Client Care Package System and Toolkit.

And today I want to talk to you about cryptocurrency and the IRS because buried in the $1.2 trillion infrastructure bill that was passed into law on November 15th, 2021 is a paragraph that basically states that exchanges now, cryptocurrency exchanges are going to be required to give your clients a 1099 beginning in 2023, just like brokerage houses do.

Now, here's the thing.

If the cryptocurrency exchange does not have a W9 on behalf of your client with their Social Security number, the exchange is mandated to withhold 24 percent withholding and pay that money over to the IRS.

Like the IRS has just implemented about a year now, 400 special agents, 400 special revenue officers are dedicated to going after cryptocurrency exchanges and taxpayers who are not reporting their gains in cryptocurrency, in all the bitcoin, in all the other coins.

Now there's also a question this year on form 1040 that basically asks a yes or no question. The question is, "did you have virtual currency transactions during 2021?"

Because when 2022 rolls around, the IRS is going to use that information because remember your client signs their 1040 under penalties of perjury so that they can go after your clients if they don't answer that question correctly.

And the fines and penalties are stiff for cryptocurrency transactions not being reported. Not only civilly, but the IRS can go after your clients on a criminal basis, too, if they don't report all their cryptocurrency transactions.

So remember that beginning in 2023, when you file the 2022 tax returns, your clients need to provide you with the 1099 they got from the exchange.

And if they don't have that, the exchanges are required to withhold 24 percent of those withholding taxes and pay that over to the IRS.

So I hope you like this quick little video and we'll see on the next one. www.rozstrategies.com/live-training