Anthem Admits Being Hacked
UltimateTax loves to share information that can help you help your clients. We want to be more than your professional tax software provider, we want to be your go-to for everything your tax business needs! On Thursday, February 26th Anthem, Inc. Communications sent...
Quick Reference for Tax Professionals ? Hobby or Income?
As a tax professional, you know find there is no solid line drawn between a hobby and income. To help establish the difference with your clients, here are a few questions you can ask your client to help you differentiate between the two Do you conduct activities in a...
Quick Reference for Tax Professionals ? Medical and Dental Deductions
As a tax professional, sometimes you need an answer right now. At UltimateTax we want to offer your more than professional tax software, we want to help you find solutions. Here is a quick list for you to reference of qualifying medical expenses and treatments for...
Affordable Care Act at Risk
It sounds like the Affordable Care Act is in serious jeopardy. The fate of health insurance for an estimated 9.6 million people lies in the hands of the Supreme Court. This lawsuit, King v. Burwell, is challenging a new angle that we have yet to hear about. It all...
More DIY Taxpayers This Year?
As reported by CPA Trendlines , as of February 27, 2015 total tax refunds are down 1.8%, which is 882,000 fewer refunds than this time last year. Tax professionals have submitted 4.4% fewer e-files year over year with just 28,733,000 e-file receipts versus...
Snow and Professional Tax Software
We are taking a quick break from professional tax software to tell you about the most popular topic here in Iowa today – SNOW! Here are 10 Fun Facts that you probably didn’t know about snow: An average snowflake is made up of 180 billion molecules of water. Around 12%...
Marketplace Tax Statement Mishap Could Benefit 50,000
Did you prepare returns for clients that had bad Obamacare subsidy data (Read our 800,000 Incorrect Tax Statements article) If so, you are about to have some great news for them! Out of the 800,000 incorrect tax statements, the 50,000 taxpayers who already filed are...
Does the Fraud Stem from Intuit TurboTax? Forbes Tax Girl Talks of Scary Possibilities
After I read this article, What If Tax Refund Theft Isn’t Really About Refund Theft? By Forbes Contributor Kelly Phillips Erb also known as TaxGirl, the first thing I did was get my taxes done…from the President of UltimateTax. I know what you’re thinking – yes,...
ACA Special Enrollment Period
As Tax preparers, your clients may expect you to be their go-to-person for everything ACA (Affordable Care Act) related. You are the only live person they can physically sit with face to face and ask questions to, otherwise everything is done online. Especially now...
Lawmakers Re-Introduce Bill to Credit Enrolled Agents
As it stands, not all states allow Enrolled Agents to use their credentials to encourage tax payers to use their services. This may not be the case in the future! The Enrolled Agents Credential Act has been re-introduced in Congress. This would allow Enrolled Agents...
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How to Manage Your Tax Business Like a Boss with UltimateTax
The majority of tax preparers' ultimate goal is to start their own profitable business. You can set your own hours, delegate tasks to employees, and collaborate with whomever you want when you own your own tax practice. Being your own boss also gives you a boost in...
The Comprehensive Guide to Choosing the Most Efficient Professional Tax Software
In today's technologically advanced society, a plethora of software applications are used for day-to-day business operations. Working in accounting or taxes is also dangerous! Accounting firms now consider sophisticated professional tax software to be a necessity, not...
How Can TPG Aid You in Providing Superior Service? Ultimate Tax
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Why Is Tax Preparation Software Such as UltimateTax Required?
Use top-tier professional tax software whether you own a large tax firm or work for yourself as a tax preparer. There are numerous tax preparation resources available today; however, you should choose one that is tailored to the specific needs of your clientele. A...