Is your tax firm cybersecure? Are you following the best practices to ensure that your business and client information is protected? Cybercriminals are on the prowl. No matter what the IRS and other tax software companies do, they are always trying to find a way in. Last summer, the IRS sent out a “Don’t Take […]
Displaying: August 2019
Celebrating 31 Years in the Tax Business
We’re excited to announce that on September 1st, The Income Tax School will be celebrating it’s 30th Anniversary! That’s right, we’ve been teaching taxes and opening the door to tax business ownership for 30 years. What many people don’t know, is that The Income Tax School actually began as a way for our sister company, […]
Prometric announces user-interface change for CPA Exam candidates
Prometric is continuing its investment in user experience. The company that provides testing centers for the Uniform CPA Examination announced a user interface pilot program refresh beginning in July 2019 with a complete refresh scheduled across all test centers by April 2020. Through upgraded operating systems, a new user interface pilot program, and a few […]
PRESS RELEASE: Surgent Expands into Healthcare Professional Education Through PharmCon Acquisition
On August 12, 2019, Surgent, a Spire Capital Partners portfolio company, announced the acquisition of Pharmaceutical Education Consultants, Inc. (“PharmCon”), as an expansion further into the continuing education and exam preparation markets. Surgent provides end-to-end professional education for accounting, finance, and tax professionals, guiding students through credentialing exams and working professionals through continuing education courses. […]
IRS to Virtual Currency Owners: Pay Up
Time to open up your [virtual] coin purses and pay up! The IRS is done with the warnings and is ready to collect. They’ve been collecting information and doing research since 2018. Back in March of 2018, they convinced Coinbase, one of the largest cryptocurrency exchanges, to turn over 13,000 users’ data to the IRS. According […]
What You Need to Know About the New Technology and Analytics Section of the CMA Exam
As of next year, Institute of Management Accountants (IMA) will be implementing changes to the CMA exam to make it more relevant to the current job market. Whether you’re planning on taking the exam this year, will split sections between both years, or are planning on taking both sections next year, you’ll want to know […]
Advocating for the EITC and a Tax ‘Subway Map’ in Latest IRS News Release
In a straightforward, plain-talking news release (which is refreshing from the IRS), the Taxpayer Advocate Service (TAS), an independent organization within the IRS that helps taxpayers and protects taxpayer rights, released two important items: A special report on how better to administer the Earned Income Tax Credit (EITC), so the people who need it get […]