The recent IRS data leaks sent shockwaves through the tax world. Over 70,000 taxpayers had their sensitive information exposed by a rogue contractor. The incident left many feeling vulnerable and anxious about their financial privacy. Clients have been flooding tax...
Nobody enjoys hearing the word audit, but every accountant should keep it in mind. While most returns fly under the radar, certain red flags can make the IRS take a closer look. Let’s walk through some common audit triggers, from high income to large deductions....
Are you planning to switch tax software and worried about losing important data during the migration? We get it. Data migration requires careful planning and execution. One misstep, and you risk losing essential client data. The good news is there are ways to ensure a...
Are you worried about how implementing new business tax software might disrupt your busy season? Concerned about the learning curve and whether you will adapt quickly? Or maybe you’re unsure about the timing—when’s the best moment to make the switch? Don’t...
Tax software pricing can be complex, especially with so many options out there. Pay-per-return is one model that might catch your eye. But what does it really mean for your tax business? Let’s explore how this pricing works and why it could be the perfect fit for your...
E-filing has made submitting tax returns faster and more efficient. But with those benefits come strict IRS regulations that your clients can’t ignore. From safeguarding customer data under IRS Publication 4557 to ensuring compliance with the latest e-filing...
Small businesses often face challenges when tax season comes around. Complex rules, tight deadlines, and endless paperwork often overwhelm them. As a tax preparer, your support can make all the difference. In this article, we’ll explore the best ways tax...
Unhappy tax clients are a reality every tax preparer faces (even the best ones). When things go south with customer service or details get missed, clients can express their frustration to you. Or worse, in negative reviews. The good news? There are ways to handle...
Are you looking for control over your schedule? Or do you want to use your math skills and attention to detail on your own terms? Starting a home-based tax preparation business might be the perfect fit. With the ever-changing U.S. tax code, professional tax preparers...
As someone who’s just ventured into tax preparation, you may be unsure how to price your services. Many factors make pricing difficult. Costs vary widely, client needs differ, and you have to consider the time spent and the complexity of each return. In this...