Refund Transfer is Great for Your Business

Posted on by Kyle Beard
Refund Transfer is Great for Your Business Let your clients file for $0 upfront, earn more money from incentives, and grow your business. What is a tax-related bank product? Bank Products are services that tax preparers can offer to their clients.1 Refund Transfer allows tax preparation and other authorized fees to be deducted from your client’s tax refund. This product allows taxpayers to use tax-prep services without paying tax-preparation fees upfront. Direct deposit allows the taxpayer’s refunds to be direct deposited from the IRS or State instead of having to wait for a mailed che...
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Add an Entire Tax Audit Defense Department to Your Firm Today!

Posted on by Kyle Beard
TaxAct Professional® has partnered with ProtectionPlus® Firm-Level Program Provide Protection Plus benefits to all your clients with the Firm-Level plan option. For only $10 per 1040 return, your clients instantly gain additional peace of mind when they file with you. Per-Return Program With the Per-Return plan option, your clients have the option to add Protection Plus at a base price of $44.95. You may also use this as an opportunity to generate additional revenue for your tax business with an optional markup of up to $50. TaxAct has partnered with Protection Plus to provide compr...
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Did You Offer Your Clients Bank Product Services Last Year?

Posted on by Kyle Beard
Look out for our Bank Product Enrollment Email in early September! Want to continue offering your customers refund transfers and cash advances? Then it’s almost time to re-enroll in TaxAct® Professional Bank Products!1 (Yes, you must enroll every year — don’t worry, it won’t take long.) It’s easy to re-enroll, at no cost to you, and allows your clients to use tax-prep services without paying all the fees upfront.2 Here’s why you should re-enroll today: Free Software: Get free software if you file over 400 returns, each with a funded refund transfer.3 Incentives: Sign up for TaxAct...
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Tax Pros are Becoming the Number One Target of Identity Thieves

Posted on by Kyle Beard
Tax Preparers are among some of the most targeted professionals when it comes to “identity thieves.” The amount of client information that you have access to is why you must take extra precautions to protect your clients' personal data. Per the IRS: “Their tactics: using email, the phone, or other means to trick you into giving up computer passwords, e-Services passwords, to steal your EFINs or CAF numbers or even to take remote control of your entire computer system." "Protecting client data also is the law. Federal Trade Commission regulations require professional tax preparers to create...
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Five Reasons Tax Professionals Should Offer Financial Planning

Posted on by Kyle Beard
Five Reasons Tax Professionals Should Offer Financial Planning Sustainability is Key to a Tax Professional's Growth Growing a tax and accounting practice can seem daunting because of the 1:1 relationship between the income you earn and the hours you have put in to earn it. Unlike other small businesses that benefit from passive income streams and other economies of scale, the only way to really grow your tax practice is by adding more clients, which either requires even more hours from you or additional staff to take on the work. Either solution can come at a substantial cost, but there ...
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TaxAct Pro + TheTaxBook WebLibrary

Posted on by Kyle Beard
Announcing that TaxAct Professional has Partnered with The Taxbook! Take advantage of a special discount on WebLibrary Plus from TheTaxBook. Now just $229 for TaxAct Professional customers (regular price $319). TaxAct Professional is teaming up with TheTaxBook to offer you an integrated tax research solution: WebLibrary Plus. What is WebLibrary Plus? WebLibrary Plus allows you to spend more time serving your clients and less time searching for tax-related information. It helps you find answers to complex questions with well-written and easy-to-understand explanations and examples. ...
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Get Comfortable Offering Bank Products

Posted on by Kyle Beard
https://youtu.be/1BZoZ8FG9go?t=0 Watch our webinar to learn more about Bank Products. Offering Bank Products to your clients allows you to reach more potential customers and earn additional revenue. Watch a panel of experts discuss everything you need to know after enrolling in Bank Products!After you watch the video, head over to our Bank Products Usage Page. It's full of useful information that'll help you present Bank Products to your clients with confidence! Be sure to bookmark it, too. Bank Products are offered by Republic Bank & Trust Company, Member FDIC or Santa Barbar...
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Avoiding Burnout — Tips to Help

Posted on by Kyle Beard
Avoiding Burnout - Tips to Help Hello, my name is Nyrie Sarkissian and I am the owner of Tax Prep A-Go-Go. You have to say my company name with some pizazz. Tax Prep A-GO-GO! I have been preparing tax returns for over 15 years. It all started when my best friend came to me in 2006 and said, “I haven’t filed a tax return for 4 years”. I sprang into action and here we are today. From learning how to fill out a 1040 manually 15 years ago, to now – using TaxAct®, first-class professional tax preparation software. ---------------------------------------------------------------------------------...
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A Few Tips on Collecting Payment from Clients

Posted on by Kyle Beard
A Few Tips on Collecting Payment from Clients Hello, my name is Nyrie Sarkissian and I am the owner of Tax Prep A-Go-Go. You have to say my company name with some pizazz. Tax Prep A-GO-GO! I have been preparing tax returns for over 15 years. It all started when my best friend came to me in 2006 and said, “I haven’t filed a tax return for 4 years”. I sprang into action and here we are today. From learning how to fill out a 1040 manually 15 years ago, to now – using TaxAct®, first-class professional tax preparation software. -------------------------------------------------------------------...
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Important Information Regarding the Child Tax Care Credit in TY21

Posted on by Kyle Beard
Important Information Regarding the Child Tax Care Credit in TY21 The IRS will be sending out “Letter 6419” to any taxpayer who received advanced Child Tax Credit payments in 2021. This form is VERY IMPORTANT to request from your clients, advise them to look for this letter in the mail. Do not file ANY returns before checking if your clients/taxpayers received the Child Tax Care credit in TY2021. If you file for your clients and the amount does not match the IRS Database, it will kick that return into review status with the IRS, and clients may have to wait before they get their refund. ...
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TaxAct Professional Client Xchange is Here

Posted on by Kyle Beard
A faster, more convenient, and secure way to exchange documents with your clients.In the digital age, being able to exchange information securely, conveniently, and quickly with your clients is important. TaxAct® Professional Client Xchange enables you and your clients to do so from any device with internet access! Easily upload and download all the tax information you and your clients need to share in seconds — from photos of Form W-2s and receipts to CSV files of stock transactions and PDFs of client organizers and final tax returns. Set up your website, give access to additional users yo...
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Announcing that TaxAct Professional has Partnered with The Taxbook!

Posted on by Kyle Beard
Announcing that TaxAct Professional has Partnered with The Taxbook! We are excited to announce that TaxAct Professional has partnered with The TaxBook, to offer our pros their award-winning online tax research solution at a discounted price! Eager to have tax information at your fingertips? As well as save yourself/your firm time and money during the research process? Order The TaxBook’s WebLibrary Plus today, so that you can implement this new tool in time for TY21. Purchase Now: https://thetaxbook.com/taxact | 866-919-5277
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Special NATP Webinar: Are you ready for tax season?

Posted on by Kyle Beard
You're Invited to a Special NATP webinar. "Are You Ready for Tax Season?" Tuesday Webinar Wednesday Webinar Saturday Webinar January 11 2 p.m. - 4 p.m. CT Register January 12 10 a.m. - 12 p.m. CT Register January 15 10 a.m. - 12 p.m. CT Register Tax season is upon us once again! And to help make sure you’re ready to take on the upcoming challenges, TaxAct® Professional is co-sponsoring this special webinar with the National Association of Tax Professionals (NATP). We’d love if you could attend. Once you’re finished with the webinar, you’ll be able to: Summariz...
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Announcing TaxDome Lite for TaxAct® Pro Customers!

Posted on by Kyle Beard
Announcing TaxDome Lite for TaxAct® Pro Customers! TaxAct Professional is excited to announce that TaxDome will be offering a lite version of its tax practice management software for TY21. We’ve partnered with TaxDome to bring you over 20 key practice management features that will help you set up your mobile-friendly virtual practice. Features include unlimited and secure file storage, unlimited signatures, customizable CRM and secure messaging. The pro plan includes automated workflows, synced email, tax organizers, engagement letters and much more. All plans include onboarding sessions a...
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Advance Child Tax Credit Payments in 2021

Posted on by Kyle Beard
Advance Child Tax Credit Payments in 2021 Over the last few months, there have never been some important changes made to the Child Tax Credit. Due to these changes, some families may receive a much-needed credit payment in advance. Half the total credit amount is being paid in advance monthly payments. Taxpayers claim the other half only when their 2021 income tax return is filed. Bear in mind that advance payments will be sent automatically to eligible people. Taxpayers will not need to take any action if the IRS has their tax information. It is good practice to pre-determine whic...
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