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 […]
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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, […]
5 things to consider when training your staff
As a tax professional or business leader, training staff is a crucial part of ensuring success for your company — and your clients. Not only can proper training improve productivity and efficiency, but it also helps to keep your employees up-to-date with the latest industry trends and regulations. In this guide, we’ll cover five key […]
Advanced bookkeeping tips for tax professionals
Bookkeeping, or the process of accurately recording all your financial transactions, is a key part of building a successful tax business. However, it also comes with the potential for costly errors. According to Solution Scout, bookkeeping mistakes led to $1.3B worth of IRS penalties in 2021 alone. Unfortunately, bookkeeping errors are easy to make. A […]
Beginner’s guide to bookkeeping
A bookkeeper fills a critical role for any business, and that is the recording and organization of financial transactions. These include customer payments for goods and services, business payments to vendors and contractors, and loan and rent expenses. Without proper bookkeeping, a business simply can’t function. Individuals who start their own small business often keep […]