Here is Lesson Six in my video series in which I talk about diversifying your business in order to maintain success. Enjoy, and please share and comment – Lessons Learned: Every business has a finite life cycle and must be reinvented periodically to survive. An ideal diversification is a complementary business in terms of seasonality […]
Displaying: August 2010
IRS Announces New Return Preparer Application System and User Fee
IRS Also Releases Proposed Regulations to Amend Circular 230 Rules IR-2010-91, Aug. 19, 2010 WASHINGTON — The Internal Revenue Service today announced that a new online application system for compensated tax return preparers is expected to go live in mid-September. The IRS has proposed to require all individuals who receive compensation for preparing all or […]
Lessons Learned – Lesson 5: Community Service
Here is the latest video in my Lessons Learned series. This one relates to the lessons I have learned when it comes to a business’ role in community service. Here are the key lessons: Contributing to the community in which you operate is good for business. Business and social goals can often be attained simultaneously […]
RALs Not Going Away
I am at the NYC IRS Tax Forum and have talked with my contacts at several RAL banks. The SBBT successor has funding and a bank partner and will be providing RALs, as will a few other RAL banks. The same thing has happened in the past when the DDI was pulled in late December […]
Lesson 4 – Career Transition to Entrepreneurship
In this video lesson, I talk about my transition into entrepreneurship and the lessons learned along the way. If you’re enjoying my videos, please subscribe to TaxSchool on YouTube and feel free to leave comments. Also be sure to check out my previous Lessons Learned videos.
IRS Removes Debt Indicator for 2011 Tax Filing Season
IR-2010-89, Aug. 5, 2010 WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs). “As we prepare for tax season every year, we look at […]
Lesson 3: Return to Formal Education
Here’s my 3rd video in the Lessons Learned series in which I talk about the key lessons I’ve learned throughout the course of my professional career. In this video, I talk about the circumstances that led to my return to formal education and the many benefits gained from continuing my studies. The key lessons learned […]