The IRS launched the voluntary Annual Filing Season Program last year as a way to “encourage continuing education (CE) and filing season readiness.” According to an IRS release, 44,000 tax return preparers participated in the program this year. Did you? If you are one of the reported 400,000 “uncredentialed preparers” (either not an EA or […]
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Great Ways to Use Twitter as a Tax Pro
Here’s something you may not know about the tax industry: it has a strong presence on Twitter. That means that it is quite possible that your competitors are not only on the platform but flourishing there. It also means that there are a lot of conversations you could be joining if you just started listening. […]
Essential Tools to Start Your Tax Business Without Paying Franchise Fees
As we’ve talked about in previous posts, there are a lot more benefits to owning your own business as an independent owner than as a franchisee. The draw of a franchise is the support and turnkey solution an established brand can offer. Buying into a franchise means that everything from Operations Manuals to HR manuals […]
Dealing with the IRS On Behalf of Your Clients
Let me tell you a story about a client you are bound to have. His name is Ed. One day, post tax season, Ed opens his mailbox to find a letter from the IRS. “Oh the horror!” Not wanting to face the bad news, Ed places the letter on his kitchen counter to “deal with […]
Social Media Best Practices for Tax Offices
If you haven’t established a presence on social media, you are behind the times. Social media is a great way to connect with clients and reach potential customers where they spend most of their time: online. Did you know that 70% of Facebook users check the site daily? This is according to a survey done […]
CPA Exam pass rates highest for recent college graduates
Candidates who take the CPA exam immediately after college have the highest pass rates. Pass rates drop off dramatically in as little as three months after college.
Money Saving Lease Negotiation Tips for Tax Offices
Signing a lease for an office is a decision that will greatly impact your tax business. A good choice can dramatically improve your success, but a mistake could be disastrous. You must not take this chore lightly or rush through the process. Knowledge is power and to be on equal footing with the landlord, or […]
Post Tax Season Networking and Outreach Tips
Staying in touch is what helps foster relationships. It keeps your company top of mind and also helps to generate new business. As a tax professional, you’ve likely been hiding away in your office working long hours the past month of tax season. Now is the time to emerge and reconnect with people. Here are […]
Plan Ahead to Train and Staff for Next Year
In your evaluation of tax season this year, did you discover some staffing needs for next year? Onboarding and training new staff is an important process that should be planned for way ahead of time – especially if you plan to train your own tax preparers. Recruiting and training your own tax preparers is the […]