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2023 E-File to start January 23rd, 2023
The IRS has announced that it will start accepting 1040 returns for the 2022 tax season on January 23rd, 2023. They also announced April 18th is the...
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Tax Software 2023 Released
December 6, 2022 UltimateTax service has issued software to all customers who have already purchased for the 2023 season. This season we have seen...
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Tips for Choosing the Right Professional Tax Software
Anyone who pays taxes knows they’re complicated. And with the ever-widening tax brackets, numerous deductions, and other nuances, it can be...
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Advantages of a Tax Software for Tax Preparers
If you are a tax preparer and you are getting tired of manually recording all your transactions then it’s high time you get yourself tax software...
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How to Start a Tax Preparation Business: Get Tips and Advice Here!
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...
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How to Start a Successful Tax Preparation Business?
Starting your own business can be an exciting prospect, but it can also be a challenging one. That’s why you need to start as early as possible....
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8 Things Everyone Should Know About Tax Preparation
The IRS imposes a wide variety of taxes on Americans. These include federal income taxes, which are based primarily on your taxable income, and...
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Why You Need a Tax Preparation Software
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...
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Tips Before, and While Using a Professional Tax Software
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...
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EPS Program and How is it advantageous for your Tax Preparation Business
UltimateTax is the best professional tax software because it makes tax preparation easier. The software has excellent features, is online...
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Safeguard Your Clients And Business By Monitoring Your EFIN
In 2020, many businesses transitioned from solely brick-and-mortar businesses to hybrid companies. Many employees worked from home due to COVID restrictions and health concerns. But that shift meant more opportunities for hackers. Cyber attacks increased by 358%...
What Challenges do Tax Software Providers Face with the Evolving Needs of Tax Professionals?
Providing tax support to individuals and businesses is anything but simple in today’s fast-moving digital world - your software has to factor in unique business models, a wide range of investments and assets, and a legal and procedural landscape that requires regular...
7 Frequently Asked Questions About EFINs
When filing taxes, you would typically use your social security number to file your taxes as an individual. However, when preparing taxes for other people or business entities, you need a specific number to identify yourself as a tax preparer instead of a taxpayer....
Adding Dependents to Your Tax Return: Why and How to File an Amended Return
Filing an amended tax return can be necessary for taxpayers who need to make corrections or additions to their original tax return. Luckily, we will specifically focus on the importance of adding dependents to your tax return and the process of filing an amended...
What Is the IRS 1040-X Form? All You Need To Know
Understanding the IRS 1040-X form is essential for taxpayers who need to make changes or corrections to their previously filed tax returns. This form, also known as the amended U.S. Individual Income Tax Return, plays a crucial role in rectifying errors, claiming...