Business Strategy

  • IRS Extends Tax Relief for Southern California Wildfire Victims

    IRS Extends Tax Relief for Southern California Wildfire Victims The IRS has announced significant tax relief measures for individuals and businesses affected by wildfires and straight-line winds in southern California. These relief measures extend federal tax filing and payment deadlines and provide additional tax benefits to help those impacted recover financially. Who qualifies for relief?…

  • Resources for Tax Professionals for Tax Season 2024

    The start of tax season is an opportunity for tax professionals to shine by providing exceptional service and staying ahead of industry changes. To help you tackle tax season 2024 with confidence and efficiency, we’ve compiled a list of essential resources covering everything from new tax updates and cybersecurity tips to continuing education and tax…

  • Tax Year 2024 Updates: Essential Insights for Tax Professionals

    As we prepare for tax year 2024, professionals must stay ahead of industry shifts to provide top-tier service to their clients. From the ethical use of AI to significant IRS updates affecting compliance, reporting thresholds, and tax credits, understanding these changes is vital. Below, we explore key updates and their implications for tax practices. Using…

  • Help Taxpayers Settle their IRS Debts with Community Tax

    We’ve teamed up with Community Tax, a leading provider of tax resolution services  In an upcoming webinar, Community Tax will be discussing how to confidently navigate IRS notices to protect your clients.  Many of your clients may face a moment of crisis in the next few months. It’s only when the notices threaten seizure and…

  • Home Energy Credits Can Help Maximize Client Tax Savings

    Are your clients aware that making energy-efficient upgrades to their homes could translate into significant tax savings? These credits, expanded by the Inflation Reduction Act of 2022, offer incentives to homeowners and renters alike for investing in energy improvements. What Clients Need to Know About Home Energy Credits Taxpayers can tap into two key credits:…

  • Tax Fraud and Scams Online and Offshore: The IRS Dirty Dozen, Part 2

    As part of the Dirty Dozen tax scams and fraud awareness effort, the Internal Revenue Service (IRS) encourages people to report individuals who promote improper and abusive tax schemes, as well as tax return preparers who deliberately prepare improper returns. In this second installment of our overview of the 2024 Dirty Dozen, we look at…

  • Building a Website for Your Tax Firm: A Comprehensive Guide

    In the digital age, having a robust online presence is indispensable for any business, and tax firms are no exception. A well-crafted website serves as the cornerstone of your firm’s digital identity, providing a platform to showcase your expertise, attract new clients, and offer valuable resources to your existing clientele. This comprehensive guide will walk…

  • Common Tax Filing Errors to Avoid

    Tax season can be a stressful time for many preparers. The added pressure of an approaching deadline can sometimes cause even the most meticulous minds to overlook a filing mistake. With careful attention to detail however, you can avoid common errors that could potentially delay refunds or even trigger an audit. Whether you’re filing business…

  • Navigating IRS CPE Requirements: A Guide for Tax Preparers

    As the tax landscape evolves and complexities abound, tax preparers face the constant challenge of staying abreast of the latest regulations and practices. For Enrolled Agents (EAs), maintaining their status with the federal government necessitates adherence to stringent Continuing Professional Education (CPE) requirements outlined by the Internal Revenue Service (IRS).   In this blog post, we’ll…

  • Benefits of Offering Multiple Payment Options as a Tax Preparer

    In the fast-paced world of tax preparation, providing exceptional service goes beyond just filling out forms and crunching numbers. It’s about creating a seamless experience for clients from start to finish, including how they pay for your services. In today’s digital age, offering multiple payment options can make a significant difference in client satisfaction and…