Absolutely agree, CrossCountry. My practice (tax only, not bookkeeping) is certainly not limited geographically. I`d say that`s pretty common from the demographic you`d get at SUN or other similar forums.
Head over to Taxalmanac.org though, and you`ll see something quite different. Many practitioners with local-only businesses, no websites, etc. That`s the only reason I even mentioned it, *shrug.*
Linda, you`re probably right as to our businesses complementing each other well. For the time being, however, I`m not really taking on more clients. I`m already more or less maxed out for tax season.
I`m currently working primarily on promoting my tax guide for new entrepreneurs and creating other (relatively) passive revenue streams for the other 9 months of the year.
I think most accounting firms do business all over the country now, Piper. With technolology the way it is, I have clients in several states and I`m in California. Doing everything via the internet is easy.
I`m a bookkeeper, though, not a CPA. But not every business needs more than a bookkeeper and someone to do their taxes. If they get both in one service, that`s great but using a bookkeeping service through the year will keep your costs down and using a CPA at year end will give you a way to double-check the work that gets done.
Sounds like our businesses would complement each other, Piper.
I do taxes but not outside my own clientele. I will probably NOT do business returns next year because they can be far too time-consuming. Payroll returns, no problem. Those are a snap for me.
Maybe I`ll send some business your way in 2008. Do you work with QB Pro backups?
Mike, I love the idea of passive income. Does your book give any tips about how to get something started?
I`m with you on the new client situation. I`m not overloaded yet but I`m very close and being extremely picky who I take on anymore.
Plus, I just started up a new company in a totally unrelated field and will be devoting quite a bit of my time there when things pick up. I would imagine I won`t be taking ANY new clients by the end of the year.
Good luck with your book. You`ll have to keep us posted on its success.