Are you ready for the upcoming season? If you haven’t renewed your PTIN then the answer is no. Anyone who prepares or helps prepare federal tax returns for compensation must have a valid Preparer Tax Identification Number (PTIN) from the IRS. The PTIN is an identifying number for a specific tax preparer on returns prepared. […]
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Expressing Our Thanks this Thanksgiving
Thanksgiving is a time for family, comfort food, and feeling thankful for the things we have and the people we love. Here at The Income Tax School we are thankful for our students, our amazing instructors, our hard working employees, our many partners, and the great organizations we are involved with. Here’s what some of our […]
6 Reasons Why Education on IRS Tax Code Is Essential
Relying on tax software is a slippery slope – one that tax preparers should not fall for. Sure it’s convenient, but nothing can replace a deep knowledge of tax law. The tax law is extremely complicated and there is a lot to know. So much so that the stack of books to the right are […]
ASU 2016-18 Statement of Cash Flows will be CPA Exam testable January 2018
On November 17, 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.
5 Ways to Increase Conversions on Your Website
Your website is a major marketing tool that, if set-up properly can produce calls, walk-ins, appointments, newsletter sign-ups, or really anything your business needs. Setting up a website is one thing. Getting it to convert visitors into clients or newsletter subscribers is something else. So what, specifically, is a website conversion? A conversion rate equals the […]
2016 Presidential Candidate Tax Plans
In less than one week, Americans will vote for our next President. While we won’t make a political endorsement or take a stance on any candidate running, we think it’s important to know the tax plans of both candidates and more importantly, to inform your clients about them. If you are unsure how to communicate this […]
Surgent CPA Review announces new college scholarship program
Surgent CPA Review, a premier provider of cpa preparation courses, recently announced the launch of their newest scholarship program.
The Many Advantages of Learning Tax Preparation Online
As an eLearning provider, we get a lot of questions about online education and how it compares to time in a classroom. In our connected world, where we spend hours a day online doing everything from shopping to banking, eLearning is just another great way to get the education you need at your own pace […]
FASB releases Standards Update on Income Taxes testable on CPA Exam July 2018
The FASB issued Accounting Standards Update No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This will be eligible for testing on the CPA exam in July 2018.