BREAKING NEWS In an April 23rd update, Prometric announced it would be extending its closure of test centers in the United States and Canada through May 31st, effecting CPA Exam, EA Exam, and CMA Exam candidates, among may others. Prometric will waive all rescheduling fees. What candidates should do now While testing centure closures certainly […]
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Prometric Extends Temporary Closures for Some Centers
BREAKING NEWS. With the increase in measures taken to reduce the spread of COVID-19, Prometric has announced that it will be extending the temporary closure to at least May 1st across the United States and Canada. Earlier, this closure was expected to last until April 16th. This step is being taken to further protect the […]
5 tips for college graduates entering the workforce
Congratulations! You’re a new graduate! You’ve made it through four years of rigorous study hours and assignments that made you question your sanity. Now you’re part of the “real world,” so you can put all the knowledge and skills you have obtained to good use. But, your knowledge will only take you so far; you’re […]
Updates to the EA Exam
At the beginning of March, the IRS rolled out some changes to the EA Exam including cost, rescheduling policies and time limits. We’ve gathered all of the changes below for you to see. Changes to Scheduling and Operations of the Exam The Cost to Take the Special Enrollment Examination Each part of the exam costs […]
How COVID-19 Is Impacting Tax Filing
With the Coronavirus pandemic across the United States, the US treasury secretary has announced that Americans will have an additional three months to file their taxes. This means that ‘Tax Day’ is now July 15th – and all taxpayers and businesses will have this additional time to file and make payments without interest or penalties. […]
Form 1040 Filing Date Not Extended
Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020 that the payment deadline would be extended 90 days from April 15, 2020. His comments did not alter the Form 1040 filing deadline of April 15, 2020. Individuals can defer up to $1M, and corporations are able to defer up to $10M […]
Non-Filers Beware
The IRS recently announced a renewed focus on non-filers by way of Information Release 2020-34 and Fact Sheet 2020-2. Both were issued on February 19, 2020 and warn of the IRS increasing face-to-face visits with high-income taxpayers who have not filed tax returns in 2018 or previous years. The IRS has hired additional enforcement personnel […]
Why Every Tax Preparer Should Earn the Enrolled Agent Credential
The Enrolled Agent credential is often overshadowed by its well-known counterpart: The CPA. In fact, type “EA” in your search engine and you’ll find nothing but articles about video game developers, which isn’t exactly what we’re going for. However, despite it being more cryptic, the Enrolled Agent credential is a great option for any tax […]
7 simple tips for self-care during busy tax season
I know, I know. You have zero time for anything during busy season. You’re spread thin, and are being pulled left, right, and center. But just because you’re spending more time than ever in the office doesn’t mean that you can completely forget to look after yourself before you help others. Here are seven ways […]