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Video instructions and help with filling out and completing Which 1041 Schedule I 2024

Instructions and Help about Which 1041 Schedule I 2024

Hi David Crystal here, from Jetpack Workflow and the Growing Your Firm podcast. I wanted to walk through a 1041 tax return workflow diagram. Now, of course, if you are watching this anywhere but the blog, you can always go to jetpackworkflow.com/blog for free articles, trainings, more free videos, and so much more. So let's dive into the 1041 tax return workflow diagram. Now, we'd like to separate these into three different buckets. We like to put receive and confirm, process and fulfill, and then file and follow up. Now, before we dive into these buckets, you know, what is the point of creating a workflow diagram? Why do we do this in the first place? Well, we want to have complete transparency and a 360-degree view of how things are moving through our firm or practice. By setting up, designing, or even just brainstorming a workflow diagram, you're able to see where all of the moving pieces are. Importantly, you're able to identify bottlenecks in your system. You can see where things are not clear, where expectations aren't yet met. Perhaps, client expectations or client understanding is falling through the cracks. So, it's really great to set up a bird's-eye view of your workflow because you can optimize around these things. You can see the bottlenecks and improve upon them. You can see where clients are getting frustrated and improve your process. You can see where your team members are taking a lot of time in a certain step and you can look through that checklist, that process sheet. So, with that in mind, let's dive into the first bucket around receiving and confirming the information that you received. Now, we all know that to begin client work, we need to actually get the client information. So, part one is...