For many tax preparers and CPAs, the post-tax season vacation is a family ritual. Plans and reservations are made far in advance, and may involve a return to a familiar destination – from the…
The tax preparation industry consists of some 1.2 million paid professionals, according to US News and World Report, engaged in the preparation and filing of forms required by the federal, state and…
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One of the most critical errors in managing a tax preparation firm is failure to properly insure the business against losses and lawsuits. There are a number of reasons why tax preparers might…
Read more about Essential Business Insurance for Tax Preparation Firms
In a matter of weeks, the 2015 tax season will be over. The federal individual and most state returns will be filed by mid-April (the exceptions are Hawaii, which has a filing deadline of April 20;…
Laws under our legislative system don’t always contain all of the information needed to determine what the legislators had in mind when they approved the law. Sometimes errors are made in the…
Read more about Asking the Right Questions About Improper Tax Credits
The US Department of Homeland Security (DHS) Has Issued a Warning of a New “Trojan Horse” Virus The US Department of Homeland Security (DHS) has issued a warning of a new “Trojan Horse” virus that has…
What May and May not be Deducted as a Business ExpenseOne of the thornier questions at tax time centers on what may and may not be deducted as a business expense. The rules change frequently, in…
Declining Resources Have Contributed to Unfavorable Trends in Several Key Automated Collection System Business ResultsWASHINGTON – Declining resources could affect the ability of the Internal Revenue…
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Business e-File Rose Nearly 10%Business e-file rose nearly 10 percent this year, continuing the growth that has seen the number of corporate and partnership returns filed electronically double in just…
Read more about 7 in 10 Corporate and Partnership Tax Returns Now Filed Electronically
Facing Challenges - Creating SolutionsThe Challenge: Melding two management styles and different levels of experience into a single, client-focused tax practice.The Solution: Recognizing that clients…
