Drake Software blog for tax pros, covering tax, IRS news, and more
Quick Alert for Tax Professionals from the IRS: Effective October 1, 2012, applications to become an IRS e-file provider must be submitted online. We will no longer accept paper e-file applications.…
McIntire Tax Center is a one-woman show, with the exception of a temporary receptionist Trish hires for a few weeks in the height of tax season. Trish’s goal is to run a tax practice where clients know they can come to her for anything and trust their taxes will be prepared correctly at a fair price. She prepares mostly ...…
This database will include the names, addresses, and professional qualifications of tax preparers, as well as any publicly disclosed professional disciplinary actions. Essentially, it will allow taxpayers to shop around for a preparer who is qualified...…
Finding Ways for Accounting Professionals to Increase Revenue: Providing clients with the trust they desire in an accounting professional, explaining to them all you can do to help them increase their revenue, teaching them what a difference the knowledge of an accounting professional can make, and...…
This expansion of the “Fresh Start” initiative focuses on the financial analysis used to determine which taxpayers qualify for an OIC. Here are the OIC changes:…
What steps should you take to start you day off on the right foot? Well, it’s different for everyone, but here are a few suggestions to help you begin your day:…
The end of tax season signals the ideal time for tax professionals to work on a plan to attract new customers. Time limitations often put the marketing aspect of a business on the back burner when the tax industry is at its busiest, so take advantage of the time while you have it. Here are a few tips to help you gain the competitive edge.…
So, how do you become a strategic thinker? The kind of thinker that will help insure your company is never at risk? To be become a successful strategic thinker, you need to be able to think analytically, anticipate the future, resolve problems, learn to adapt, and interpret what’s happening. And how do you do that?…
Read more about The Power of a Good Strategy - Tips for Strategic Thinkers
It’s complicated, but it’s important. Now, more than ever, paid tax return preparers need to understand and educate themselves so they can avoid sanctions for giving false or misleading information to the IRS or for asserting frivolous positions that do not meet realistic possibility standards. Preparers need to recognize what is considered disreputable conduct resulting from improperly preparing returns, and learn to identify tax fraud schemes.…
According to the IRS, last year's seven month moratorium on enrolled agent application processing is unfortunately still affecting their ability to timely process the renewal applications for SSNs…
Read more about Delay for some enrolled agents awaiting renewal cards
