Natural disasters that once seemed predictable and confined to certain regions are now striking everywhere. Property owners face questions of preparedness and recovery in communities that always seemed safe. While disaster victims turn to the Federal Emergency Management Agency (FEMA) and state agencies for assistance, they can also find a friend in the IRS. Under […]
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3 tips to help clients claim R&D tax credit
Innovation is the lifeblood of any economy. Since Benjamin Franklin tied a key to a kite string, American entrepreneurs, inventors, researchers and tinkerers have probed the limits of science to discover new concepts and create new products. That’s why research and development (R&D) tax credits still matter. R&D tax credits help ease the financial barriers […]
6 tips for hiring employees for your tax business
A promising new client is knocking at your door, but you lack the capacity to take on the new business. You’re spending too much time and energy on managing the business to pay enough attention to existing clients, let alone prospective clients. Your core mission of preparing taxes is suffering because you are overworked and […]
How can enrolled agents find tax-resolution clients?
The tax preparation business is famous for its no-holds-barred busy season, but every enterprise needs year-round revenue and a diverse clientele to thrive. You can make the other eight months of the year productive and fruitful by attracting and servicing tax-resolution clients. In this challenging economy, millions of Americans are falling behind on their tax […]
Myths about the AFSP debunked
As a tax professional, one of the most important services you provide to your clients is consultancy. Your clients rely upon you to advise and guide them in managing their taxes and finances. Quality tax professionals are always seeking ways to improve their knowledge to continue to provide quality services to their clients. One of […]
Tax preparation software for independent tax business owners
Every busy tax professional needs tax software. Using tax software saves time, minimizes errors and simplifies organization. It’s the modern way to do business, and fortunately, tax preparers have many choices in high-quality software products. They can be found through an online search, or with assistance from tax software vendors or the resellers known as […]
How to study for the EA Exam after tax season
There’s an EA Exam in your future, so why wait? April 16 might be beckoning with family fun and time with friends, but the end of tax season is the best time to study for the EA Exam. After all, the EA Exam is on your “someday” list, and at this moment, tax laws are […]
How to avoid common mistakes made by tax preparers
“I’m only human,” the old song goes. “Born to make mistakes.” And yes, for tax preparers, mistakes on taxes will happen. But errors can’t be accepted or expected. The rush of tax filings and documentation crossing your desk might make “efficiency” seem imperative, but carelessness is the first and worst mistake a tax preparer can […]
3 courses to advance your tax prep career
After tax season is over, you probably feel in prime shape. Now, the smartest thing you can do is leverage all that knowledge to sharpen your tax preparation skills and prepare for the next tax season and the years to come. High-level preparation includes a strategic approach to considering the credits and courses to take […]