ACA Give Your Clients A Heads Up
It’s no secret that a many tax payers are confused about ACA (Affordable Care Act). Not only that, but it seems like everyone is. When tax season 2014 hits, there is a good chance that you will have to bare some bad news to your clients. As a professional tax service...
Tax Preparers Could Receive Restitution
Two CPA’s have slapped the IRS with a class action lawsuit. The IRS has required anyone who prepares or assists in preparing tax returns for payment to have a PTIN, and to renew that PTIN each year. The fees that the IRS collects for PTIN registration and renewal are...
How to Get an EFIN Number
Obtaining an EFIN is a step you can’t miss. It’s not exactly fun, but it’s extremely necessary to be a successful tax preparer. We have all of the information EFIN for you right here! What is an EFIN (Electronic Filing Identification Number)? The Internal Revenue...
How the Big Box Preparers are Taking Your Business Right Now
Here are some areas of focus to give you ammunition against the big box preparers. Availability – Big box companies have more preparers under one roof, so they have more availability for scheduling than smaller offices do. They are also able to stagger preparers to...
Top 10 Ways to Give Better Service than H&R Block
Create a comfortable environment for clients – Sure H&R Block has the green & white square branded look stamped everywhere, but is that really comfortable for clients? Give them a place that they feel welcome and at ease. Offering coffee or water can add to...
Why Professional Tax Software
The quality that you will receive with a professional tax software is far above the “do it yourself software” that you can purchase. It was created specifically for tax professionals to maintain efficiency, productivity and stay in compliance with the tax law. Another...
Introducing Our UTS Blog!
Yes - It's Easier than Eavesdropping. Greetings! Thank you for stopping in to check out our new UTS Blog. Here at UltimateTax we offer high quality tax software at the lowest price possible. We are able to do this because of our great reputation with our...
Recent Posts
What Is a Refund Transfer?
The refund transfer is a deposit product that allows clients to settle their preparation fees or accounting fees without making an upfront payment. Instead of paying you directly for services, the clients agree to have your fee deducted from their tax refund. A refund...
8839 Qualified Adoption Expenses
We are aware of an issue with the IRS schema concerning the maximum adoption credit allowed on Form 8839 Qualified Adoption Expenses. Per the form and instructions, the maximum allowable credit is $14,440; however, the IRS schema has this value set as $14,400. Any...
State and Module Release Dates
We have published a solution article to are module and state release dates. This article will be updated around 11am central. This article is the latest information we have available to publish. Form Readiness
CA e-File – Resolved
[UPDATE] - as of 2/2/22 this is resolved. We have identified a minor issue with the State of California eFiles returns. We expect a fix by end of day on Tuesday, February 1, 2022. Please hold on efiling CA State returns until a resolution is announced. If already...
6 Skills That Every Tax Preparer Should Have
Tax preparation is a good choice of business for a motivated entrepreneur. You can be successful without too great of an investment! You can run a tax preparation business as a sole proprietor and even do it from a home office, if you choose. But if you want to...