It’s Tax season! It’s the most wonderful time of the year, right? While it’s great to catch up with clients during tax season, we don’t have to tell you how hectic it can be. Deadlines, back to back meetings, taxes to file, the IRS to deal with… it’s the busy season! If and when you […]
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Are You Covered in the Event of a Data Breach?
If you were to ask an insurance agent whether or not your business needed data breach insurance, they would ask if your company collects any of the following types of information. Social Security Numbers Banking/Financial Information Credit Cards/Debit Cards/Other Payment Cards Health Information & Medical Records If you’re in the tax industry, the answer to […]
How to Succeed as an Enrolled Agent
Passing the EA Exam is a significant accomplishment. Becoming an Enrolled Agent puts you in an elite group of tax preparers. You hold the most significant credential in the tax industry and have the authorization to do more on behalf of clients than those without an EA designation. Once you’ve earned the designation, the work is […]
Are You Raising Red Flags with Potential Clients?
The IRS is cracking down on fraudsters this tax season and that includes warning taxpayers about “return preparer fraud”. It’s unfortunate, but there are people who set-up shop each season to perpetrate refund fraud, identity theft and other scams that hurt taxpayers. This tax season it is imperative that you represent yourself as a qualified, […]
2017 Tax Season Issues to Communicate with Clients
Does this tax season seem a bit crazier than most? Between a new White House Administration (and the changes that come when the party in power changes) and increased security from the IRS, things seem to be a bit askew. While it’s always important to communicate with clients, it’s especially important to communicate changes and updates […]
For Tax Preparers, the Distinction Between Customer or Client is an Important One
As a tax preparer, CPA, or accountant, do you have customers or clients? Most would say clients without hesitation. But the distinction is an important one. Strictly defined, a customer is someone who buys goods or services from a store or business. The word “client” can also mean “customer,” according to the American Heritage Dictionary, […]
What to know for the 2017 Tax Season
The 2017 tax season is underway! There are many things that will affect our industry up in the air since the new administration took office three days before the start of the season. There are a lot of proposed changes by President Trump but they will likely not take effect until next year. As we […]
Build Better Client Relationships This Tax Season
Today is Get To Know Your Customers Day and tax season is next week. We thought today’s blog post would be a great time to talk about the importance of knowing your customers since you’re about to see all of them within the next few months! For tax preparers, really knowing your clients is important. On the […]
Protect Yourself and Clients from Cybercrime this Tax Season
Cybersecurity and Cybercrime are two terms you’re going to hear a lot in 2017. That’s because Cybercrime continues to be a growing threat to consumers and businesses. According to Verizon’s 2016 Data Breach Investigations Report, “No locale, no industry or organization is bulletproof when it comes to the compromise of data.” IBM President and CEO Ginni […]