{"id":20254,"date":"2020-07-14T08:00:44","date_gmt":"2020-07-14T13:00:44","guid":{"rendered":"https:\/\/taxprocenter.proconnect.intuit.com\/?p=20254"},"modified":"2023-08-22T11:08:23","modified_gmt":"2023-08-22T16:08:23","slug":"conducting-a-business-insight-review","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/practice-management\/conducting-a-business-insight-review\/","title":{"rendered":"Conducting a business insight review"},"content":{"rendered":"

When businesses are connected to a tax and accounting professional, they are more financially stable, more creditworthy, and twice as likely to succeed than businesses that attempt to navigate the waters on their own. In fact, 89 percent of small business owners say they are more successful when working with an accounting professional — a powerful reason to implement regular Business Insight Reviews (BIRs).<\/p>\n

Once firms have created an advisory workflow in the cloud<\/a>, it becomes much easier to deliver higher-value advisory services<\/a> that build on traditional compliance services. While tax planning<\/a> is often the first advisory service for firms, providing consistent business performance reviews with clients is often the next advisory service to power prosperity for clients.<\/p>\n

Here is a BIR framework to consider that incorporates best practices from firms who have been on the journey for a few years.<\/p>\n

Standardize, standardize, standardize<\/b><\/p>\n

As tax and accounting professionals, we are great at standardizing to deliver efficiently at scale. Monthly BIRs are no different. Standardize the agenda, documentation, processes, reporting, team trainings, and the feedback loop to improve.<\/p>\n