Business Strategy

  • If The Customer Can’t Pay The Tax – Part II

     Offer in Compromise  An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not be eligible…

  • If the Customer Can’t Pay The Tax – Part I

    There are several different payment programs available for taxpayers who cannot pay the taxes owed by April 15.  Because any balance due is subject to interest and a monthly late payment penalty, it is in the customer’s best interest to pay in full as soon as possible to minimize the additional charges. Penalties are also…

  • The ABCs of Late IRS Payments

    The complexity of the tax laws and the fact that they change from year to year makes it inevitable that some clients will be unable to pay some or all of their bills to the Internal Revenue Service.  Others may be able to afford the bill, but need more time to complete the return or…

  • The Windows 8-back-to-Windows-7 Update Arrives

      So Microsoft announces the end of support for the one-third of the computing world that still uses Windows XP…and magically announces that on the same date they will release an update to Windows 8 that makes it look and work almost exactly like Windows 7.  Along with a hint that they may give the…

  • Professional Associations For Tax Preparers

    Every profession has one or more associations that serve its members.  In any profession that is as critical to the national economy as tax preparation, there are literally dozens of associations operating at the state, national and international levels. There are many reasons why joining one or more associations is a good idea for any…

  • Journey to Success

    A tax professional recently elected mayor of his town shares the story of his journey to success. Pat DeBlasio, a tax professional and political leader, was recently elected mayor of Bridgeville, Pennsylvania.   In his new position, Pat will deal with the thorny issues of passing tax simplification laws and removing nuisance taxes such as the…

  • Salaries on the Rise for Accountants and Financial Analysts

    The staffing company Robert Half is projecting a 3.4 percent uptick in salaries for accountants next year, according to the 2014 edition of its annual salary guide, reports Accounting Today.  That’s compared to a 3.7 percent increase across all sectors for which the staffing company does recruiting. However, some jobs are expected to earn even…

  • 3 ways to speed up your tax refund, despite IRS delays

     (From CBS News MoneyWatch) While the CBS news item is aimed at consumers, professional tax preparers may want to note these tips to advise their clients.  People who file their tax returns early in order to get their refunds sooner will have to wait a few extra weeks. The IRS announced this week that it…