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…
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5 Myths about Tax Refunds (and How to Check on the Status Tax Refunds)
The Internal Revenue Service (IRS) recently put out a news release dispelling 5 myths about tax refunds (and how to check on the status of tax refunds). Thanks to a new tax refund tracking tool that the IRS has developed, you can…
5 Reasons Tax Preparation is a Great Career for Service Members and Military Spouses
Finding a career path can be hard if you or your spouse is in the military. You never know when your schedule is going to change or when you’re going to have to relocate. When both your schedule and location is at…
Managing 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 –…
Top Tax Scams this Tax Season
The IRS just completed its compilation of this year’s “Dirty Dozen Tax Scams” – a list they put out each year that contains the worst of the worst. Tax scams are still a big problem despite the extra precautions the IRS has…
Are Online Reviews Hurting Your Business?
How many stars does your company business page have on Facebook? How about your local BBB page? Online reviews are everywhere and believe it or not, they are worth looking into. Did you know that 91 percent of people regularly or occasionally…
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…
Tax Season Communications Throughout the Season
When it comes to marketing your tax business, the same messaging all year long is not going to cut it. As you progress throughout the season, your message needs to appeal to different types of taxpayers. Here’s a peek at what we…
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…
Have Some Heart with Cause- Related Marketing
It’s Heart Month and Valentine’s Day so I thought I’d use this opportunity to talk about giving back through cause-related marketing. During tax season, our sister company Peoples Tax hosts a backpack drive for a local charity called Connor’s Heroes. Connor’s Heroes…
January Tax News Recap: Tax Law Changes Here We Come
If you thought there wouldn’t be much in the way of tax news in January during the government shutdown, you would be wrong. January was an exciting month, as the IRS clarified rules that were changed or introduced in the Tax Cuts…
Top 4 Client Retention Strategies for Your Tax Preparation Business
If you haven’t done it already, this is the perfect time of year to put any one of these top 4 client retention strategies for your tax preparation business into place. Client retention should be a strong, foundational piece in your overall…