6 Skills That Every Tax Preparer Should Have
Tax preparation is a good choice of business for a motivated entrepreneur. You can be successful without too great of an investment! You can run a tax preparation business as a sole proprietor and even do it from a home office, if you choose. But if you want to...
IRS Common Mistakes – 2022
UltimateTax is Reposting a good email from the IRS: Common tax return mistakes that can cost taxpayers Tax laws are complicated but the most common tax return errors are surprisingly simple. Many mistakes can be avoided by filing electronically. Tax software does the...
Start a Tax Preparation Business Now
The 2022 tax season will begin less than a month from now. If you are going to set up your own tax practice, now is the time to do it! But how do you start a tax preparation business? You’ve done your research, you’ve made a plan… what more do you need to...
Pre Ack Loans Available Now
If you have applied for bank products and pre ack loans, they are available now. In our online program, the forms are now available. No updates are required. If you have our desktop program you will have to update your program and get module updates. Program Update:...
IRS Child Tax Credit Payments – Letter 6419
The IRS will be sending taxpayers who received Advanced Child Tax credit payment/s in 2021, the letter will be sent out January 2022, Notice 6419. This letter will show the total amount of payments received. The client can also see their payments in their CTCUp...
EFC Shut Down
IRS has announced its MeF (e-file) shutdown and cutover for Tax Year 2021. To ensure that all business tax returns e-filed through the MeF system are processed in a timely manner, submissions must occur before IRS shuts down the system on Sunday, December 26, 2021, at...
Tips to Improve Client Experience This Year
Tips to Improve Client Experience This Year Every customer counts for your business. Tax preparation is all about delivering a service. You have the tools and the knowledge to do so. But you’ve got to do more. You’ve got to set yourself apart from the...
Prepare for Disaster: Important Tips for Your Financial Safety
Prepare for Disaster: Important Tips for Your Financial Safety One of the most important things you need to discuss with your clients is financial safety. Clients will need to be aware of the possibility of the loss of personal records and the damage that can wreak on...