Get your Clients Ready for Tax Season

2020 is coming to an end, and with the extended tax deadline, both you and your clients haven’t had much of a chance to relax. But just because you’ve had a shorter off-season doesn’t mean you and your clients should ignore any preparation that needs to happen before tax season. As we dive into another tax season, here are five things you’ll want to do to get your clients ready. Review your processes Take some time to review your previous tax season. Take stock of what worked and what didn’t and identify any bottlenecks in your process. For example, you may not have an easy and efficient way ...
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How Will the Outcome of the Election Effect the New Tax Year?

Like in most elections, taxes play a major role in the campaign policies set forth by the presidential candidates. This year, tax policy may play a more pivotal part of any economic recovery. While it’s impossible to know exactly what future tax policy will look like, the plans set forth by President Trump and former Vice President Joe Biden give us insight as to how they expect to shape tax policy if they win the election. Here’s what we know so far. Trump’s Tax Plan In 2016, Trump’s campaign plan included significant tax cuts. Those tax cuts came to fruition with the Tax Cuts and Jobs A...
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