IRS Penalty Waiver Expanded

The IRS announced they are expanding penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is also lowering to 80 percent the threshold required to qualify for this relief. Under the relief originally announced Jan. 16th, the threshold […]

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Managing Clients and Client Expectations During a Busy Tax Season

Having one procrastinating client is bad enough. More likely, you have at least a dozen really bad procrastinators. But when 80% or more of your clients turn in their shoe boxes of receipts to you on April 1 – or later – you’re going to have problems. Because procrastinating clients can actually cost you money. […]

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5 Ways to Keep Your Employees Motivated Through the Busy Tax Season

If one of the reasons you decided to open (or are thinking about opening) your own tax preparation business is because you’ve had miserable experiences working for others, ask yourself this very important question: What are you doing not to repeat those same mistakes with your employees?  Especially during tax season. What are the top […]

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Are You Leveraging LinkedIn As a Tax Pro?

LinkedIn is a powerful social networking channel designed for business professionals to share knowledge, connect, and build their network. It’s a great tool for tax professional for a number of reasons, but only if you’re using it to its full potential! We haven’t blogged about LinkedIn in a while so we thought since we are […]

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