Tax season can be stressful. Between managing your tax return, the ever-changing tax laws, and preparing your taxes for each new year, it can be daunting to tackle as a small business owner. Luckily, starting your own business can help you manage these challenges and...
Whether you own a large tax firm or work as an independent tax preparer, you want to use the best tax software for professionals. There are numerous tax preparation tools on the market today, but it is critical to choose one that meets the needs of your clients. A...
When you’re a self-employed or small business owner, you may wonder if it’s worth the cost to use tax software. After all, even with a basic understanding of taxes and accounting, most people can handle keeping track of their business finances and filing taxes as...
The majority of tax preparers hope to one day own their own tax business. You can choose your clients and set your own schedule when you own your own tax practice. You can also hire people to help you with your work. Furthermore, there is no greater fulfillment than...
Use the best professional tax software available, whether you run a small practice or a large corporation. There are a variety of tax preparation options available today; however, you should select one that is tailored to your clients’ specific requirements....
Individual tax preparers who want to start their own tax preparation businesses should read this guide. You may be passionate about providing your clients with the best possible tax outcome, but starting your own tax business can be intimidating. This guide will walk...
Bank products are client solutions that all tax offices should offer. This benefits the tax office so that you can get paid for your services. They benefit clients as well since you offer a solution for your clients to not pay when they have you do their tax returns....
We are aware of an issue with the IRS schema concerning the maximum adoption credit allowed on Form 8839 Qualified Adoption Expenses. Per the form and instructions, the maximum allowable credit is $14,440; however, the IRS schema has this value set as $14,400. Any...
UNEMPLOYMENT The prior guidance on using worksheet 7 to put the unemployment is it not what the IRS wants at this time. We have heard that other software companies are “updated” but the IRS has not issued official guidance yet, so that cannot be true yet....
If you are filing corporate returns with our desktop package, here are a few pointers: If you need to file an extension, here is our solution article Your Program should be updated to 35.03 (will be updating to 35.04 this coming week) Packages should be updated to the...