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The Virtual Tax Office

The Virtual Tax Office

How to work together as team in a virtual tax office The idea of a virtual tax office has become a popular one in recent years. Indeed, months of...

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Program Update 3/18/21

Program Update 3/18/21

Your Program should be updated to 35.04 Packages should be updated to the following: 1040 Indirect Ver 6 1120 "C" Corporation Ver 2 1120S "S"...

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Update ? Unemployment & Tax Due

Update ? Unemployment & Tax Due

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...

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Extensions

Extensions

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...

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Yes, You Can Start a Tax Business While Working Full-time!

Stimulus Payment

This is information was provided from the IRS. IRS begins delivering third round of Economic Impact Payments to Americans WASHINGTON – The Internal...

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Recent Posts

Tax Preparation Resources for Small Business

Tax preparation can be a complex and time-consuming process, especially for small businesses. Understanding the intricacies of tax regulations and properly managing financial records are crucial for maintaining compliance and optimizing financial health.  In this...

How to Get a PTIN: Requirements for Tax Return Preparers

As a tax preparer, obtaining a Preparer Tax Identification Number (PTIN) is a crucial step in establishing your credibility and compliance with the Internal Revenue Service (IRS).  In this article, we will delve into the details of what a PTIN is, why it is necessary,...

The Pros and Cons of Professional Tax Preparation

Tax preparation is a critical aspect of managing one's finances and ensuring compliance with tax laws. Taxpayers often find themselves facing a dilemma: should they tackle their taxes themselves or hire a professional tax preparer?  In this article, we will explore...

E-file Software for Tax Professionals in 2023

In today's digital era, the landscape of tax services is undergoing a significant transformation. The advent of electronic tax filing, facilitated by e-file software, has revolutionized tax practices for professionals.  This article explores the increasing importance...