Finding Your Business Activity Code: A Quick and Easy Guide
A principal business code is an indispensable part of conducting business in the United States. This six-digit number is a means of categorizing a...
Using Last Year’s Earned Income Credit: Maximize Your Tax Refund
When filing a state tax return, it is important to be aware of the Earned Income Tax Credit (EITC) as this credit may reduce your overall tax...
Determining the Right Number of Tax Exemptions to Claim
The number of tax exemptions you claim on your W-4 form significantly affects the amount of federal income tax withheld from your paycheck. If you...
Understanding Tax Garnishment: How to Check If Your Tax Return Will Be Affected
Tax garnishment is the process where a creditor can legally seize part of a taxpayer’s wages, bank accounts, or other assets to pay for an...
Top Tax Preparation Software for Accountants: Streamline Your Tax Season
It's no secret that taxes can be a difficult and time-consuming task to complete. Without the proper knowledge and expertise, it is easy to make...
Cloud-Based Tax Preparation Software: The Future of Tax Filing
Tax software is an invaluable tool for anyone who needs to file their taxes each year. It helps users quickly and easily enter their financial...
Checking the Status of Your Amended Tax Return: A Step-by-Step Guide
Filing a tax return can be a tedious process, but it is necessary to ensure that individuals pay the correct amount of taxes owed and receive any...
IRS Hub Testing what is it?
Each year the IRS will shut down and do a switchover. Usually, at the end of the year, late November, the IRS will shut down its e-file systems....
2023 E-File to start January 23rd, 2023
The IRS has announced that it will start accepting 1040 returns for the 2022 tax season on January 23rd, 2023. They also announced April 18th is the...
Tax Software 2023 Released
December 6, 2022 UltimateTax service has issued software to all customers who have already purchased for the 2023 season. This season we have seen...
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Recent Posts
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...