I’m recently returned from a West coast trip—to the IRS Nationwide Tax Forum, to be more precise—where I had the opportunity to meet dozens of tax professionals, and to reconnect with many others who happen to be members of the association I have the privilege to lead. These events are opportunities to broadcast your value […]
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7 tips to get the most out of your accounting internship experience
The end of the year means finishing finals, spending time with family, and gearing up for your internship. Many auditing and tax internships start in January, so you’ll want to be as prepared as possible. Whether you’ll be starting your internship in a few weeks or not for several months, you’ll want to check out […]
‘Tis the Season to Market Your Tax Business
The summer is over and fall is here. For a lot of B2B businesses, the holiday season is uneventfully slow. For tax professionals, the extension deadline is over and it’s time to look towards the opening of the next tax season. While it’s not tax season yet, and you may not have clients coming through […]
Can you become a CPA without an accounting degree?
Can a non-accounting major become a CPA? The short answer is YES; you don’t have to study accountancy to become a Certified Public Accountant. While there are definitely some things that you AND students pursuing their accounting degree will need to fulfill, as long as you earn your Bachelor’s degree, you’re on the right track […]
Career advice for college students: What to do after accepting a job offer
Whether you endured a grueling and extensive job search or were lucky enough to experience a smooth and relatively easy hiring process, there are few things more exciting than receiving that phone call or offer letter from your new employer, and graduating with a job offer in hand. But there are a few things you […]
7 steps to create the perfect elevator pitch for accounting students
Full disclosure: an elevator pitch doesn’t require an actual elevator. The reason for its name is that you should be able to deliver it in the amount of time it takes to complete a short elevator ride. What is an elevator pitch? An elevator pitch (sometimes called an elevator speech) is a 30-60 second speech […]
IRS Tax News Recap: Changes, changes, and more changes
September and October have been busy months for tax news! As Halloween approaches, don’t be spooked by these tax industry updates. We’ve got the tax news recap to get you up to speed. IRS provides guidance on virtual currency The IRS just released additional guidance to help taxpayers understand their obligations when reporting virtual currency. […]
Independent Contractor vs. Employee: The Tax Difference
Since the introduction of virtual marketplace companies (VMC’s) like Uber, there has been some confusion about what is means to be an independent contractor vs. an employee. The important distinctions between these two worker classifications can seriously affect a worker’s wages and what taxes are paid by the worker or by the business. Get to […]
PTIN Fees: Will They or Won’t They?
It’s officially PTIN time. As of October 16th, the IRS has opened up Preparer Tax Identification Number applications and renewals for the season. This year, there is no fee for obtaining your PTIN, however don’t mistake that for not needing one. If you receive compensation for preparing or helping to prepare tax returns, you are […]