For your clients, investing in stocks or real estate can be an effective way to build wealth, but there’s a tax downside when they sell those assets. The bite taken from the profits by capital gains taxes can be sizeable, depending on the client’s income and other circumstances. As a tax preparer, you need to […]
Displaying: Income Tax School
5 tips for preparing your tax returns faster
Tax season is a stressful time for taxpayers and their accountants. However, there are ways to make it less, well, taxing for everyone involved. Prepare your clients for Tax Day by sharing the following five tax return tips for making the entire process easier, faster, and less prone to error. Make sure you have an […]
7 ways to re-engage with tax clients
During the busy tax season, you likely spend significant time engaging with clients. You answer emails and text messages, take phone calls and schedule meetings, all in preparation for Tax Day. But what happens after your clients’ tax returns are filed? One option is to say, “See you next time,” and not contact them again […]
How to price tax preparation services
If you’re starting your own tax and account business, one of the most important decisions you’ll have to make is how to price your services. Determining your prices can be tricky and frustrating as prices vary widely from region to region and firm to firm. Pricing models (by the hour, by form, etc.) can also […]
6 study tips for tax professionals
If you plan on taking a professional certification exam or continuing education (CE) course, you’ll need to put in a lot of study hours. For tax professionals who have been out of school for a while, getting back into the study habit can be challenging. However, following the six tips outlined in this article will […]
Chartered Tax Professional vs Enrolled Agent: What’s the Difference
When considering a career as a tax professional, it’s important to know the various types of designations and certifications available. While becoming an enrolled agent (EA) is one of the most common paths for tax professionals, you should also consider becoming a Chartered Tax Professional (CTP®), which is a designation offered exclusively from Surgent’s Income Tax […]
Everything you need to know about Tax Day 2023
Ah, Tax Day. This date in April is often dreaded, but knowing when you need to file your tax return is key to avoiding potential penalties and maximizing your refund. In this post, we’ll go through everything you need to know about Tax Day and share some information about a topic you may find less […]
5 things to know before starting a tax business
Starting your own tax business can be a lucrative venture for those with an entrepreneurial spirit. While it may seem like a daunting task, with the right preparation and knowledge, anyone can start their own tax business. Before you start your own tax business, it is important to understand what it entails. Tax businesses can […]
Everything you need to know about cybersecurity investment tax credits
Cybersecurity is a top priority for all types of businesses. For tax professionals, the increasing threat of cyberattacks means that protecting your clients’ sensitive information has never been more important. However, investing in cybersecurity measures can be expensive. Fortunately, the government offers tax credits to incentivize businesses to invest in their cybersecurity. In this article, […]