Tips On How To Market Your New Tax Preparation Business
Once you’ve set up your new tax preparation business, it’s only a matter of time to start acquiring clients. Your first clients would be your family...
Services New Tax Preparers Can Offer
It’s tax season once again! Are you a new tax preparer? Do you plan on starting your own business? Well, now is the perfect time to start your...
Tax Professionals, Here Are The 2020 Deadlines You Need To Keep Track
It’s tax season once again! For tax professionals, the next three to four months can be the busiest time of the year. Aside from meeting with both...
5 Mistakes Preparers Make When Buying Tax Software
1. Refusing To Adopt Cloud-based Software The tax preparation software industry is probably one of the slowest industries to embrace cloud...
Refund Timing for Earned Income Tax Credit and Additional Tax Credit Filers
The tax industry stakeholders are projecting refunds will begin hitting accounts mid-week, Feb 22nd. This is just an estimate and not a guarantee...
IRS Announces Tax Refund Delays For 2017
Expecting to spend that tax refund early? IRS has announced Tax Refund – Delays for 2017 What You Need To Know Mike Steele, owner of Ultimate Tax...
Tax Preparer Education Requirements
Thought that maybe the required continuing education hours might change this year? Well they have not. The requirements for 2016 continuing...
Afternoon Feb. 13th – IRS Funding
So far this year, as of 4pm Eastern, the IRS has released almost no refunds. Current estimates are that the IRS has released refunds for fewer than...
Health Care Basics For Preparing Your Clients Returns
We got this from the IRS site about what you need to file for the ACA (Affordable Care Act). We are just sending this out for your information.We...
Tax Season Starts Jan 20th, 2014
Tax Season Opens As Planned Following Extenders Legislation Following the passage of the extenders legislation, the Internal Revenue Service...
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Recent Posts
Finding Your Business Activity Code: A Quick and Easy Guide
A principal business code is an indispensable part of conducting business in the United States. This six-digit number is a means of categorizing a company's main product or service, and it plays an important role in filing federal taxes with the Internal Revenue...
Using Last Year’s Earned Income Credit: Maximize Your Tax Refund
When filing a state tax return, it is important to be aware of the Earned Income Tax Credit (EITC) as this credit may reduce your overall tax liability. The Earned Income Credit (EIC), also known as Earned Income Tax Credit (EITC), is a valuable tax credit for...
Determining the Right Number of Tax Exemptions to Claim
The number of tax exemptions you claim on your W-4 form significantly affects the amount of federal income tax withheld from your paycheck. If you claim fewer exemptions, more taxes will be withheld, and vice versa. However, claiming too many or too few exemptions can...
Understanding Tax Garnishment: How to Check If Your Tax Return Will Be Affected
Tax garnishment is the process where a creditor can legally seize part of a taxpayer’s wages, bank accounts, or other assets to pay for an outstanding debt. During tax season, this garnishment process can cause complications and delays in receiving your tax return if...
Top Tax Preparation Software for Accountants: Streamline Your Tax Season
It's no secret that taxes can be a difficult and time-consuming task to complete. Without the proper knowledge and expertise, it is easy to make costly mistakes that lead to bad consequences. To help simplify this process, many tax preparation software programs are...