Author: Arlette Hanania

Our new Tax Year 2025 Season Readiness Guide is here. The guide includes important calendar dates, direct resources that are available, and also updated guidance for the One Big Beautiful Bill Act. What’s the purpose of the Tax Season Readiness Guide? To help alleviate some of the stress that comes with prepping for the upcoming tax season, we have created an updated season readiness guide every tax season. The information is important for you and your tax firm in order to help prep and stay ahead of the coming tax season. Plus, it’s a great resource for you to utilize in the depths of tax s...

Tax season is more than just forms and filings — it's also an opportunity to enhance the client experience and increase your practice’s profitability. For tax professionals using TaxAct Professional, bank products offer a compelling solution to do both. Whether you're a solo preparer or part of a larger firm, offering bank products can streamline operations and offer clients flexible refund options, all while potentially creating a new revenue stream for your business.   What Are Bank Products? Bank products in the tax preparation world are financial services that allow taxpayers ...

TaxAct Professional Ranked #1 in Overall Satisfaction in 2025 NATP Software Survey In the latest *National Association of Tax Professionals (NATP) 2025 Software Survey, TaxAct Professional earned the highest overall satisfaction rating of all reviewed tax software — an impressive 93% of respondents reported being satisfied or very satisfied with the product. Highest Rated for Ease of Use and Value TaxAct Professional’s top satisfaction ranking is backed by leading scores in several categories: Category TaxAct Score Highest Rank? Overall Satisfaction 93% Yes Ease of Lear...

Handling sensitive financial and personal data makes your practice a prime target for cybercriminals. From phishing scams to ransomware attacks, the threats are real and evolving. Fortunately, proactive security practices can help mitigate risks and keep your firm and clients safe.Here are five essential cybersecurity tips to put in your back pocket:1. Use Multi-Factor Authentication (MFA)Why it matters: Passwords can be cracked or stolen. Multi-Factor Authentication (MFA) adds an extra layer of protection by requiring users to verify their identity through a second method — like a code sent t...

As the 2025 tax season approaches, tax professionals are already beginning to prepare for what’s shaping up to be a year of significant shifts in regulation, compliance, and technology. Whether you're a solo practitioner or part of a larger firm, understanding what’s changing — and how to adapt — will be key to staying compliant and competitive.Here are five recommended changes and challenges tax preparers can track for Tax Year 2025:1. Expanded IRS Digital InitiativesThe IRS’s continued rollout of its Strategic Operating Plan will drive more digital interactions in TY25. The agency is pushing...

The One Big Beautiful Bill Act (OBBBA) brings forward comprehensive revisions to the federal tax code, going into effect for the 2025 tax season. These updates are critical for tax professionals who must adjust planning strategies, advise clients accordingly, and ensure their tax software is up to date.Key Provisions of the OBBBA:1. Permanent Continuation of 2017 Tax CutsThe OBBBA codifies the individual and corporate tax rate reductions first introduced in the 2017 Tax Cuts and Jobs Act (TCJA), making these lower rates a lasting part of the code.2. Expanded SALT Deduction LimitThe deduction c...