Have you thought about what it would be like to be your own boss? There’s a lot of freedom that comes with entrepreneurship but for some, the challenge is finding a lucrative field in which to pursue business ownership. As long as there are taxes, there will be a need for tax preparers. The tax business […]
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What is the fate of IRS Commissioner Koskinen?
House Conservatives are trying to force a vote to impeach IRS Commissioner John Koskinen. Action on the motion – if the motion for a vote to impeach is passed – could be delayed until September. Today we find out whether that vote will actually happen. The last time Congress impeached an appointed administration official was […]
Are you Your Client’s Best Advocate?
Tax preparers have a very important role in the lives of their client’s: the role of trusted advisor in matters of tax. Tax preparers are trusted with information that is very personal to their client’s: their finances. This trust is not something to take lightly. You are an advocate… …when it comes to tax returns. […]
Top ways to grow your new home-based tax business
Starting a home-based tax business can be very rewarding once you have the tax education under your belt. Aside from preparing taxes for family, how do you build your business with essentially no marketing budget and no storefront? In this blog we’ll lay out some of the top ways to grow your home-based business using […]
Tax Scam Round-up: Know What You’re Up Against
Step aside tax evaders, the IRS has a new criminal in their crosshairs: tax scammers and identity thieves. Don’t think it will happen to you or your clients – or to you? Think again. As of this March 2016, the IRS reported identifying 42,148 tax returns with $227 million claimed in fraudulent refunds and prevented the […]
Oh the Places You’ll Go… With a Tax Education
As long as there is government, there will be taxes because taxes are what fund our government, our education, and the various other services we receive as taxpayers. This makes the Tax Industry recession proof (aka a great one to be in)! You don’t have to become a tax preparer to get into the tax industry but you do […]
FASB releases Standards Update on Financial Instrument Credit Losses, testable January 2020
The Financial Accounting Standards Board (FASB) issued a Standards Update on Financial Instrument Credit Losses. This update will be testable on the CPA Exam beginning in January 2020.
5 Marketing Things to do this Summer
What’s on your summer to-do list? Summer may not be tax season but there’s plenty for tax preparers to do to get ready for next year and bring in more business. Owning a business is a year-round endeavor, if you want to get a leg up on your competition, here are 5 marketing things to do […]
Mind Your Manners, Tax Pros: Business Etiquette for Tax Preparers
Tax preparation is more than just numbers, it’s relationship building and customer service. While the entertainment business portrays us as curmudgeons and socially awkward nerds, the reality is if we played those parts in real life, we wouldn’t have any clients! Etiquette is extremely important in the tax preparation business. The goal is to make clients feel as […]