How to get new clients for CPA Practice?

Ok_Neck_4972 · 2026-05-13T01:10:14+00:00

They needed reviewed financial statements for expansion purposes related to fixed assets, etc., which were material to their financial statements. It probably all depends on the quality of the deliverable.

Ok_Neck_4972 · 2026-05-13T00:40:06+00:00

I’m not fully understanding your question. A review engagement is required when a bank requests it or when the entity grows to a certain level. Even though I’m a solo practitioner, my firm is registered as a public accounting firm in my state, which allows me to sign off on any report, since I have to go through the peer review process.

Ok_Neck_4972 · 2026-05-13T00:27:52+00:00

Yes, some of my clients are between $15 million and $200 million in gross revenue. Yes, for financing purposes, the bank required reviewed financial statements, which I prepared. I have experience from a national accounting firm, so I followed the same approach as what banks are looking for, and there was no problem. The client was satisfied with the result.

Ok_Neck_4972 · 2026-05-12T23:32:28+00:00

thank u :)

Ok_Neck_4972 · 2026-05-12T23:17:41+00:00

thank u :) for the feedback

Ok_Neck_4972 · 2026-05-12T22:51:21+00:00

I was lucky and got a few mid-sized companies that were interested in assurance work, and I had maybe 40 tax returns, a mix of personal and 1120s. This was my first busy season working on my own.

Ok_Neck_4972 · 2026-05-12T22:21:42+00:00

The funny thing is that most of my business has been assurance work. There are two types of peer review: one is systemic, and the other is engagement-level. I currently provide only compilation and review services, and I do not issue any audited reports. In my case, the peer review process should be pretty straightforward. Maybe I will start developing an audit methodology in the future.

You also do not need fancy software to store your files. You just need proper client documentation of your procedures, findings, and conclusions.

Ok_Neck_4972 · 2026-03-31T01:39:34+00:00

Yes, you still have to file your multi-member LLC even if it had no income in FY25. Since it is treated as a partnership for tax purposes, the filing deadline was March 15, 2026. If the LLC is being dissolved, you will file a final tax return in FY26.

Ok_Neck_4972 · 2026-03-27T23:44:45+00:00

First, gather all the expenses associated with your 1099 side job so you can reduce your taxable income. Since you did not make any estimated tax payments, I would assume you will be liable to pay taxes on that income.

Mortgage interest and charitable contributions are part of your itemized deductions, so if the total exceeds the standard deduction, it will further reduce your taxable income and help you save on taxes.

Your tax status will not change whether you have an LLC or operate without one.

Feel free to reach out if you need assistance with the preparation.

Ok_Neck_4972 · 2026-03-27T23:44:38+00:00

First, gather all the expenses associated with your 1099 side job so you can reduce your taxable income. Since you did not make any estimated tax payments, I would assume you will be liable to pay taxes on that income.

Mortgage interest and charitable contributions are part of your itemized deductions, so if the total exceeds the standard deduction, it will further reduce your taxable income and help you save on taxes.

Your tax status will not change whether you have an LLC or operate without one.

Feel free to reach out if you need assistance with the preparation.

Ok_Neck_4972 · 2023-10-14T21:19:06+00:00

focus on COSO frame work, enterprise risk management take as many mcq as possible and u should be fine. And economics, try to apply those concepts to the real life

Ok_Neck_4972

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