IRS Sending Many ID Theft Letters
Our sources at the IRS sent us some important information we would like to share with you, our professional tax software friends. There are 3...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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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 daunting to tackle as a small business owner. Luckily, starting your own business can help you manage these challenges and...
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. Starting a business requires time and patience and not everyone has this in abundance. However, doing so doesn’t have to...
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 payroll taxes, which are based on the amount you earn. Most people have some amount of money coming in each year. As such,...
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 tax preparation tools on the market today, but it is critical to choose one that meets the needs of your clients. A...
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 understanding of taxes and accounting, most people can handle keeping track of their business finances and filing taxes as...