Do you have a strategic plan in place for the growth of your business? If so, good for you! (If not, you might want to check out this blog post). Strategic planning is crucial to growth no matter what industry you are in; but for the tax industry and all of the changes we’ve been […]
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Becoming a Tax Business Owner Doesn’t Take Much
Set your own schedule. Make your own rules. Answer only to your clients. Who doesn’t want to be their own boss, right? If you’re getting into, interested in, or are already working in the tax industry, you may be surprised at what little it takes to start your own business as a tax preparer. Getting […]
Adopting A Servant Leadership Model For Your Tax Business
Servant leadership is at the heart of how we do business both at The Income Tax School and at Peoples Tax, our sister company. It’s so important as a business owner that you set strong values for your organization to follow. For us, servant leadership is one of those values. As a business owner, the […]
Why Every Tax Business Owner Needs a Strategic Business Plan
Those of us who derive our income from tax preparation continue to face the challenges of fierce competition and seasonality. We know the tax business and how to operate profitably as we’ve always done. But we are now faced with unprecedented threats posed by legislation and technology. These new trends will radically change the […]
5 Must-Take CE Courses for the Upcoming Tax Season
Have you fulfilled your continuing education (CE) requirements yet this year? Here is your reminder to get those CE courses in. If you’re having a hard time choosing the right ones, we’ve got a few suggestions. Tax Law Updates This course is at the top of our list because we feel it is a must. […]
5 Changes to the Tax Code You Should Know About
New tax laws here. New tax laws there. Congress seems to be adding tax code provisions and laws to new bills that have nothing to do with taxes. There have been a lot of updates and rulings these past couple of months. Here’s the quick and dirty on some you should know about. Due […]
Why Tax Preparers Need to Be Proactive with Schedule C Clients
Do you have clients with many deductible losses… clients of the Schedule C variety? The IRS has got their eye on them. You can pretty much consider it target locked. Have you communicated this important piece of information to your sole proprietors out there yet? If not, you should. The IRS is beginning to target […]
The Advantages of taking the Chartered Tax Professional Certificate Program
We’ve been discussing credentials on the blog a lot lately. The IRS is dead set on regulating tax preparers to reduce errors and fraud; and taxpayers are being warned constantly by the IRS and the media about who they choose to prepare their taxes. Here are some reasons to consider earning a Chartered Tax Certificate […]
Expanding Your Target Market with Continuing Education
Being able to do taxes for the general public is a great first start – it’s a huge market to serve! But not everyone has general tax needs. Those who have a unique tax situation or more complicated returns look to rely on tax preparers with more experience – who have studied their specific tax […]