Blog

Navigating Federally Declared Disasters as a Tax Preparer More and more we are seeing federally declared disasters in the US. In 2022 18 states were granted tax relief provisions due to disasters. In 2021 it was 17 states. These disasters are occurring more frequently, and they can be emotionally and financially overwhelming for taxpayers. Often, […]

What’s New for TY23 and Demo Recording from virtual event hosted in August of 2023. On August 17th, we held a 2-hour virtual event, live from Los Angeles, CA, where industry experts came together to help tax professionals prepare for the upcoming tax season. A special thanks to everyone that joined us live! Because this […]

Grow Your Business with Tax Planning Recording from virtual event hosted in August of 2023. On August 17th, we held a 2-hour virtual event, live from Los Angeles, CA, where industry experts came together to help tax professionals prepare for the upcoming tax season. A special thanks to everyone that joined us live! Because this […]

Downloadable Tools, Tables, and Worksheets Compliments of TheTaxBook and TaxAct Professional TaxAct Professional will be working with TheTaxBook again this tax season! Because of this… Any TaxAct Professional customers, who purchase TheTaxBook’s WebLibrary Plus1 for TY23, will receive their award-winning tax research solution at a discounted rate of $249 (regular price –$319). Last year TaxAct […]

Perfectly Price Your Services Helpful tools for tax professionals to get paid what they’re worth.  We understand that so many tax preparers have a difficult time properly pricing their tax preparation service fees. So much so that we held a pricing workshop  last summer, as the first step towards educating our tax professionals on their […]

Tax Season Readiness Guide – TY23 Preparing for each tax season can be daunting. Not to mention a lot of work. But it’s okay, *deep breath*, TaxAct Professional has your back. To help alleviate some of the stress that comes with prepping for the upcoming tax season, we’ve created a new & improved version of […]

The Importance of Creating a WISP for Your Tax Practice And free tools you can use to get started today! What is a WISP? A WISP also known as a Written Information Security Plan, is something that the IRS requires tax professionals to have in place, to protect themselves, their firm, and their clients. As […]

Free, Downloadable Client Facing Documents Available in English and Spanish TaxAct Professional understands that time is limited and precious for tax preparers. To help save you time and energy as you get ready for the upcoming tax season, we’ve created a few client-facing documents for you to download for free. Available Documents Engagement letter (English […]

Information to Consider Before Taking CPE Webinars for TY23 As tax pros head into TY22 extension season and begin to prepare for TY23, TaxAct Professional thought it was important to take a moment to focus on continuing education. So naturally, we connected with CPAacademy.org, to learn from their firsthand experience on the topic. After all, […]

The Future is Ever-Changing for the CPA Profession This past year has been filled with a lot of financial stress and legislative updates for you and your clients. You’ve been forced to learn and adapt quickly, to ensure that your business evolved alongside the tax industry. As you begin to prepare for TY23, we wanted […]

Make sure you’re taking advantage of our great offers! What is a tax-related Bank Product? Bank Products* are services that tax preparers can offer to their clients. A Pay-by-Refund1 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 […]

FREE Downloadable Tax Calendar May 2023 – April 2024 We know that being a tax preparer is incredibly stressful and busy, to say the least. To help you save time and energy when it comes to remembering dates and deadlines, TaxAct Professional has put together a calendar for you to download (for free) and immediately […]

We’ve been planning and working to improve TaxAct Pro Software for next tax season. Here are the top new highlights for TY23: eSignature Integration – Use electronic tax signing software to get everything signed and tracked from anywhere. That’s ANY tax document, not just 8879. Expanded forms and e-file coverage – Like every year, we […]

Disclaimer: Opinions expressed by Ms. Sarkissian are solely her own and do not necessarily express the views or opinions of TaxAct Professional. Truthfully, when I first heard the term “bank products” I had no clue what it meant. Why would I want to involve a bank in my business of filing tax returns? However, once I […]

Due to the rise in fuel costs, the IRS adjusted standard mileage rates for the second half of 2022 Per the IRS, the optional standard mileage rate increased for the final six months of 2022. The deductible costs of driving a car for work or other purposes can be calculated by taxpayers using the optional […]