The ACA and how it affects taxes is going to be a major topic of discussion between you and your clients this tax season. Although the season has already started, it’s not too late to plan how you will address taxpayer questions relating to the ACA if you haven’t already. Even though we aren’t insurance […]
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AICPA issues 4 auditing interpretations addressing SAS No. 126
On 1/24/2015, the AICPA Auditing Standards Board (ASB) issued four auditing interpretations to address issues related to the Statement on Auditing Standards No. 126.
Why Learning to Prepare Tax Returns by Hand Is Crucial
The tax season has officially started. While established tax preparers will be putting their tax software into overdrive this season, we’d like to take this opportunity to talk about the importance of NOT using tax software as a student learning to prepare taxes. Why? Here’s why we assign students paper tax returns to file and […]
More Ways To Make Your Tax Office Inviting
A few weeks ago we posted a blog on making your tax office more inviting and customer service friendly for the upcoming season. Having a pleasant experience in an unexpected place (seriously, who loves tax time other than us?) can make a world of difference for clients. Maybe they tell their friends about their great […]
When will extraordinary items be tested on CPA Exam?
Due to early implementation, ASU No. 2015-15 will become testable on the CPA Examination six months after its issue date, in the October-November 2015 test window.
2015 Tax Season Preview – Webinar
Did you miss the 2015 tax season preview webinar we did with Accounting Today? You’re in luck! We’ve got the entire webinar for viewing on our YouTube channel. The session included the latest on: Tax legislation IRS regulations New tax technologies Staffing and practice management strategies Get the slides and notes on our blog at: […]
9 Ways To Make Your Tax Office More Inviting
When was the last time you sat in your own waiting room? Never? Take a seat in there – or just think about it if you’re not at your office. What’s it like? Is it bright and welcoming? Are there things to do? When clients come in to have their taxes prepared, you want the […]
A Few of Our Favorite Things
Hanukkah is already underway, Christmas is tomorrow, and next week we celebrate the New Year! The holidays are so wonderful. That’s why we decided to put aside taxes, the Affordable Care Act, the AFTR and the looming tax season and instead focus on the great people who make The Income Tax School and our sister […]
What’s in Store for the 2015 Tax Season?
The busy season is right around the corner. Wondering what’s in store for you as a tax preparer? Below is the Tax Season Preview we presented to preparers through Accounting Today. 2015 Tax Season Preview from Chuck McCabe Here are some highlights you should know about: Legislation There is still no final legislation regarding […]
