Generating word-of-mouth business is important, but it’s certainly not easy. Your tax firm may have the best tax professionals, the best customer service and the best deals in town, but that doesn’t automatically mean that you will generate word-of-mouth about it. As…
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Moving Along
I am currently working on chapters 6 and 7 and plan to get those done this week. I have not run into any other issues or complaints so far in the course and have been generally happy with the way the course…
Why Your Tax Firm Should Have a Blog
We know what you’re thinking. “We’re tax preparers not writers.” Think again. What you are, is an expert in an area that most people aren’t: taxes. All of the national tax firms are blogging. If you want to compete with them, blogging…
Progress Update
I am currently on week 6 of the exercise program I started and have been really trying to find time for everything. I’ve been going to bed earlier as well which cuts into my available time even more. I do feel more…
Tips for Maintaining a Professional Office Image
First impressions are lasting ones. For a tax business, first impressions happen when a potential client calls or when they walk through the door. Think about your office. What does a person walking through the door see when they arrive? Do they…
Advanced Level I Test Solutions
I have been getting my assignments entered and graded and have come across something that I think could be slightly improved. After you get a passing grade on both the review questions and the learning activity you are given access to a…
Why You Should Offer Clients a Guarantee
Being audited, being fined, filing incorrectly, committing fraud, being contacted by the IRS or state department about a tax return… these are all things business owners and taxpayers worry about come tax time. These are also the reasons they turn to a…
Trying to be Too Self-Sufficient isn’t Very Efficient
I’ve discussed this in a previous post, but I really like to figure things out myself. If I get stuck on a problem, I am the kind of person that will start over from scratch 12 times before giving in and asking…
Final Regulations: Employer’s Shared Responsibility regarding Obamacare
Last week the Department of Treasury along with the IRS issued some final regulations that give clarity to the Employer Shared Responsibility provisions under section 4980H of the IRS code. This document (TD 9655) lays out the provisions that will go…
The Benefits of a Community
I just wanted to say thank you to everyone that has posted a comment in response to some of my posts! I read them all and get excited about each and every one. Recently, I had a great comment in response to…
IRS Audit Alert
Every year the IRS randomly selects a small percentage of individual and small business tax returns for audit. Are your clients aware of the “IRS red flags”? Knowing what they are and how they can be avoided is invaluable knowledge for your…
Progress Update
I am currently working on chapters 4 and 5, and will get them posted and move onto the next two chapters next week. So far everything is going pretty well, and I expect to complete the whole course relatively soon. After completing…