networking in tax profession
networking in tax profession

5 Reasons You Should Join a Professional Association

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Years ago, I trained and raced a six-“man” outrigger canoe as a member of a local club. A few mornings each week, our team would meet at the boat and train for several hours to ensure each team member set his paddle into the water simultaneously, producing a consistent stroke rate and length. Over the course of the summer, our team participated in 10 40-mile races on the East Coast. I quickly learned that this is a sport where your personal best is about staying consistent with your teammates to make your strokes more powerful. We paddled as if we were one person moving the boat fast and steady.

Personal commitment and synchronized teamwork is also what it takes to be an active member of professional associations. The work may not be as physically challenging as an outrigger canoe race, but when you partner together and work toward a similar goal, you can achieve great things.

#1 Networking to Solve Problems

I am a member of several accounting/business groups and volunteer at a few in some capacity. Like many of my colleagues, I feel the relationships I have formed as a result of my membership provide countless benefits. For example, I now have many accountant and attorney friends who I can turn to if (ahem, when) I run into a tricky situation. Any one of them will give my situation their full attention or refer me to another expert; an answer to my question is always just a phone call away.

#2 Ease of Obtaining Continuing Education

These days, new compliance issues and tax law changes seem to happen more and more frequently. The local chapter of my accounting group holds two chapter meetings every month, and the education committees meet and schedule knowledgeable speakers at critical times of the year. If I miss important sessions at our annual event, I can still get the information I need from recordings provided by the event coordinators. Without these resources, it would be impossible to stay up to date with all the changes and information I need to know. My work on an advisory council enables me to remain current with technology, and has introduced me to a new group of technology professionals and progressive accountants from across the county.

#3 Influence Tax Laws

Several of my professional groups send delegates to meet with, and present policy changes to, representatives of the IRS and respective state tax authorities. In addition, they take an annual trip to Capitol Hill with a list of recommendations compiled from issues we, as practicing tax professionals, encounter with our small business clients. Recent changes regarding the PTIN system were a result of one such meeting. Rather than simply reacting to each new law or legislative change, my membership gives me the opportunity to affect these changes myself.

#4 Best Practices: Compare Processes With Others in the Same Situation

At monthly meetings of my professional group, we compare notes on office processes, staffing, and experiences with clients and tax authorities. The May 4, 2017, Post-Mortem on Tax Season (a joint meeting of two Long Island professional groups) was a way for an even larger group of tax professionals to share the good and bad experiences we had with clients and software over the previous four months. Since many in our profession had similar experiences, we were able to see the majority of issues were not limited to any individual firm, and we shared ideas on how to improve the situation for the future. Several of the most effective practices I adopted this last tax season were direct recommendations I gained from attending meetings of my accountant mentoring group. We instituted a more proactive approach to obtaining client documents and fee collection, which resulted in a better experience for myself, my staff and my clients. I shared this experience with my peers during our April and May meetings in hopes that other members could benefit from this approach as well.

#5 Best Use of Software/Efficiency

The accounting profession has seen immense changes as a result of technology. Never before have there been so many options for programs and related apps. Only by attending technology conferences over the last five years could someone like me (a practicing CPA for over 25 years) feel empowered to convert a traditional accounting firm to one that is tech-forward. At these meetings, I interact with vendors one-on-one to learn how their software can run both my business and my clients’ businesses more efficiently. Many software providers set up online support groups so users can connect and see how other firms are handling similar issues. I recently collaborated with another CPA in my local professional group to give a presentation titled “Office Automation,” where we compared notes on the software we were using in our respective offices and introduced other software options that we had researched, but were not yet using. We even picked up tips from the seminar participants on software they were using.

BONUS BENEFITS From Active Membership in Professional Groups

The bonus benefits of being an active member of one or several of your professional groups:

  • Shape the future of the accounting profession by creating focus groups and influencing undergraduates and recent graduates.
  • Enhance software though access to venders and their design teams.

As I reviewed my business plan, I realized no one group could serve all of my needs. It is important for my success, the success of my firm and my staff, and the success of my clients, to set goals and work toward them with all available resources. There are many important takeaways from each group of which I am a member, and I am grateful to be surrounded by so many insightful colleagues who are always eager to share their knowledge and ideas.

Editor’s note: This article originally appeared in the CPA Practice Advisor. Start growing your network today with these online/social communities!

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