How to Improve the Value of Your Tax Practice
You’re building a successful practice. And while you may love what you do, at some point, you might consider selling your practice. Maybe you plan to sell it when you approach retirement. Or maybe you want to sell it to pursue a new endeavor. Whatever the reason, we can all agree that getting top dollar […]Read more
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 […]Read more
Grow Your Practice in 2021
While you may be working in your practice day-to-day, it’s also important to step back and work on your practice. And there’s no better time to do that than the end of the year when things are a little slower with your clients, but the busy tax season is just around the corner. If you […]Read more
Get the Help You Need with TaxAct Professional
Tax season is in full swing, and we know our Pros are heads down working hard for your clients. If you have questions or need assistance with TaxAct® 2018 Professional, we have several ways to help you. Online We continue to build out our FAQs to save you time. Our most recent update can help […]Read more
Make Time to Grow Your Practice in 2019
This time of year is hectic for tax preparers. Meeting with clients, doing research, and preparing returns are vital to the business. Often we hear that Pros are so focused on working in their businesses that they don’t take time to work on their business. It’s important to slow down and to consider how to […]Read more
Qualified Business Income Deduction Simplified
Last month the IRS issued final 199A Regulations, implementing the qualified business income deduction (QBID), created by the 2017 Tax Cuts and Jobs Act (also known as 2017 tax reform). The deduction can be claimed by eligible taxpayers for the first time on their 2018 Form 1040. According to the IRS, “Section 199A of the […]Read more
IRS Tax Reform Resources for Pros
The 2017 Tax Cuts and Jobs Act, also known as 2017 tax reform, initiated many changes for tax professionals this season. It’s important for tax preparers to understand what those changes mean for their customers, and that can take time. Fortunately, the IRS has provided several resources to help wade through the confusion. Webinars Did […]Read more
reCAPTCHA: What it is and How it Protects You and Your Client Data
Every tax professional is a potential target for highly sophisticated, well-funded and technologically adept cybercriminals around the world. No one can fight this crime alone. It takes all of us working together. That is why the Security Summit – the unprecedented partnership between the IRS, state tax agencies, and the private-sector tax industry – came […]Read more
Are You Marketing Your Services to the Self-Employed?
Global consulting firm McKinsey found that there are roughly 68 million freelancers in the US. Think about that for a second, the gig economy (Uber, Lyft, Doordash, .etc) has revolutionized freelancing for 1/5 of America and it’s only going to grow larger. The unfortunate part about statistics on freelancing is that the BLS (Bureau Of Labor & Statistics) […]Read more
Understanding the Tax Cuts and Jobs Act as a Tax Preparer
In late December of 2017, Congress passed the Tax Cuts and Jobs Act, the most extensive piece of tax reform legislation implemented since the Reagan era. Because media buzz surrounding this reform has caused a substantial number of questions from many taxpayers and tax preparers, we’re here to break down the fundamentals in a way […]Read more