Tax season is a stressful time for taxpayers and their accountants. However, there are ways to make it less, well, taxing for everyone involved. Prepare your clients for Tax Day by sharing the following five tax return tips for making the entire…
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7 ways to re-engage with tax clients
During the busy tax season, you likely spend significant time engaging with clients. You answer emails and text messages, take phone calls and schedule meetings, all in preparation for Tax Day. But what happens after your clients’ tax returns are filed? One…
How to price tax preparation services
If you’re starting your own tax and account business, one of the most important decisions you’ll have to make is how to price your services. Determining your prices can be tricky and frustrating as prices vary widely from region to region and…
6 study tips for tax professionals
If you plan on taking a professional certification exam or continuing education (CE) course, you’ll need to put in a lot of study hours. For tax professionals who have been out of school for a while, getting back into the study habit…
Chartered Tax Professional vs Enrolled Agent: What’s the Difference
When considering a career as a tax professional, it’s important to know the various types of designations and certifications available. While becoming an enrolled agent (EA) is one of the most common paths for tax professionals, you should also consider becoming a…
Everything you need to know about Tax Day 2023
Ah, Tax Day. This date in April is often dreaded, but knowing when you need to file your tax return is key to avoiding potential penalties and maximizing your refund. In this post, we’ll go through everything you need to know about…
5 things to know before starting a tax business
Starting your own tax business can be a lucrative venture for those with an entrepreneurial spirit. While it may seem like a daunting task, with the right preparation and knowledge, anyone can start their own tax business. Before you start your own…
Everything you need to know about cybersecurity investment tax credits
Cybersecurity is a top priority for all types of businesses. For tax professionals, the increasing threat of cyberattacks means that protecting your clients’ sensitive information has never been more important. However, investing in cybersecurity measures can be expensive. Fortunately, the government offers…
5 things to consider when training your staff
As a tax professional or business leader, training staff is a crucial part of ensuring success for your company — and your clients. Not only can proper training improve productivity and efficiency, but it also helps to keep your employees up-to-date with…
Advanced bookkeeping tips for tax professionals
Bookkeeping, or the process of accurately recording all your financial transactions, is a key part of building a successful tax business. However, it also comes with the potential for costly errors. According to Solution Scout, bookkeeping mistakes led to $1.3B worth of…
Beginner’s guide to bookkeeping
A bookkeeper fills a critical role for any business, and that is the recording and organization of financial transactions. These include customer payments for goods and services, business payments to vendors and contractors, and loan and rent expenses. Without proper bookkeeping, a…
Expert tips for women entrepreneurs in accounting
Women entrepreneurs are a growing force in the U.S. economy. In 2021, nearly half (49%) of all new businesses were started by women, a 75% increase from 2019. While industries like tax and finance have traditionally been male dominated, the demographics of…