How Artificial Intelligence Affects The Tax Industry
The tax industry is one of many finding new opportunities with artificial intelligence (AI) and automation. The benefits to your business could be substantial once you understand how to utilize it effectively. So, what is AI? How does it help tax preparers? Will it...
How Crucial is Customer Support and Training in Tax Software Utilization?
With ever-changing tax legislation, complex tax circumstances, and the threat of tax fraud looming, everyone wants a smooth tax experience. Tax software is the answer for many to create a smooth experience. Is customer support or training in this software imperative?...
Explaining Refund Advance Loans to Your Tax Clients
Tax season can be incredibly stressful for you to meet tax preparation demands, and taxpayers are either focused on what they owe or wondering about their refund. Businesses and individual taxpayers often have plans for their refund money weeks before they even file...
Debunking 7 Tax Myths For Your Clients
Let's be honest. The average taxpayer will never read the tax code. They will likely rely on a professional tax preparer like you, using good tax preparation software, to guide them. Otherwise, they're getting tax advice from family, friends, or worse, a social...
Essentials To Start Your Own Tax Preparer Business
Are you looking for a new side hustle or business venture? Regardless of your goals for increasing your income, starting a tax preparer business can be both lucrative and satisfying. Why Choose A Tax Business? There are several reasons a tax business might be the best...
How Do you Stay Up-to-Date on the Latest Tax Laws and Regulations?
When it comes to taxes, it can feel like you’re in a losing battle against minutiae. Each year, everyone from congressional legislators to IRS administrators seem to have something about the tax code they either want to update, add, or get rid of altogether. A tax...
5 Key Features You Want For Your Tax Business Software
Selecting tax preparation software for your business is critical in ensuring profitability and success. Quality software will help you deliver accurate returns on time, offer great support, and be easy to navigate. Anything less could cost you business. Here is a list...
Safeguard Your Clients And Business By Monitoring Your EFIN
In 2020, many businesses transitioned from solely brick-and-mortar businesses to hybrid companies. Many employees worked from home due to COVID restrictions and health concerns. But that shift meant more opportunities for hackers. Cyber attacks increased by 358%...
What Challenges do Tax Software Providers Face with the Evolving Needs of Tax Professionals?
Providing tax support to individuals and businesses is anything but simple in today’s fast-moving digital world - your software has to factor in unique business models, a wide range of investments and assets, and a legal and procedural landscape that requires regular...
7 Frequently Asked Questions About EFINs
When filing taxes, you would typically use your social security number to file your taxes as an individual. However, when preparing taxes for other people or business entities, you need a specific number to identify yourself as a tax preparer instead of a taxpayer....
Recent Posts
Digital Signatures: The Ultimate Timesaver For Tax Preparers
Until recently, the IRS required wet-ink signatures on hard-copy documents for tax filing. They’ve relaxed their stance on hard copies in recent years, partly because they’re always looking for ways to improve their efficiency and partly because they need to keep up...
5 New Year Resolutions For Tax Professionals
It’s 2024. It’s a time for family, friends, fireworks, and dazzling parties. The new year and the time-honored tradition of resolutions are opportunities to learn from old mistakes and let go, moving on with greater insight. Here are five resolutions you might include...
What Are Some Costly Mistakes Tax Preparers Can Make?
Tax preparers are put in a position of trust. Unfortunately, some can make mistakes. And some of those mistakes can be costly. What are some of the most costly mistakes a tax preparer can make? How can they prevent them? Some individuals shared mistakes they know tax...
Considering Making The Switch To New Pro Tax Software?
For years, tax software was so complicated it took months to learn it. Few people wanted to switch, even if unhappy with their service because they'd have to learn a new system all over again. However, there are many user-friendly paid tax preparer software if you...
7 Tips To Prep Your Office For A Calmer Tax Season
With tax season fast approaching, it's time to prepare for your busiest time of year. Waiting until February or March to get your office ready for the influx of clients will leave you overworked, frazzled, and unable to meet demand. So, how do you prepare your office...