If you were to ask an insurance agent whether or not your business needed data breach insurance, they would ask if your company collects any of the following types of information. Social Security Numbers Banking/Financial Information Credit Cards/Debit Cards/Other Payment Cards Health…
Displaying: Recent Posts
How to Succeed as an Enrolled Agent
Passing the EA Exam is a significant accomplishment. Becoming an Enrolled Agent puts you in an elite group of tax preparers. You hold the most significant credential in the tax industry and have the authorization to do more on behalf of clients than…
Are You Raising Red Flags with Potential Clients?
The IRS is cracking down on fraudsters this tax season and that includes warning taxpayers about “return preparer fraud”. It’s unfortunate, but there are people who set-up shop each season to perpetrate refund fraud, identity theft and other scams that hurt taxpayers.…
2017 Tax Season Issues to Communicate with Clients
Does this tax season seem a bit crazier than most? Between a new White House Administration (and the changes that come when the party in power changes) and increased security from the IRS, things seem to be a bit askew. While it’s always…
For Tax Preparers, the Distinction Between Customer or Client is an Important One
As a tax preparer, CPA, or accountant, do you have customers or clients? Most would say clients without hesitation. But the distinction is an important one. Strictly defined, a customer is someone who buys goods or services from a store or business.…
What to know for the 2017 Tax Season
The 2017 tax season is underway! There are many things that will affect our industry up in the air since the new administration took office three days before the start of the season. There are a lot of proposed changes by President…
Build Better Client Relationships This Tax Season
Today is Get To Know Your Customers Day and tax season is next week. We thought today’s blog post would be a great time to talk about the importance of knowing your customers since you’re about to see all of them within the next…
Protect Yourself and Clients from Cybercrime this Tax Season
Cybersecurity and Cybercrime are two terms you’re going to hear a lot in 2017. That’s because Cybercrime continues to be a growing threat to consumers and businesses. According to Verizon’s 2016 Data Breach Investigations Report, “No locale, no industry or organization is bulletproof…
Should You Give Away Free Services and Information This Tax Season?
Your time, talent, and knowledge are valuable commodities. This is why many professionals hesitate to give anything that involves those things away for free. But free does not equal loss. In some cases it can actually benefit or help grow your tax…
Get Social in 2017: A Social Media Checklist for Tax Preparers
The 2017 tax year is right around the corner. If you haven’t jumped on the social media train, you’re likely losing out to exposure and leads. Social media isn’t a magic bullet but it can have a huge impact on growth, reach,…
Be Nice.
The nice bot wants to make the internet a better place. And we love it! It tweeted Peoples Tax a few months ago and the message has stuck with us. With all of the negativity in the world – especially on social media…
Doing Your Due Diligence
The IRS takes due-diligence requirements very seriously. In fact, in order to prepare for the upcoming season this year, they sent letters to paid tax preparers whom they suspected were noncompliant in meeting their Earned Income Tax Credit (EITC) due-diligence requirements. According…