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 see a clean, professional looking environment or a mess of paperwork? What experience […]
Displaying: Income Tax School
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 PDF copy of the solutions. Unfortunately, while the solutions contain the completed forms […]
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 tax professional to prepare their taxes for them with the hopes that they […]
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 for help. Some of it is pride, since I like the satisfaction and […]
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 into effect in 2015. Here are some basic things to know. IRS […]
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 my post, Old Habits Die Hard. In that post, I talk about how […]
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 clients. Below is a whitepaper I have written that covers IRS red flags […]
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 Advanced 1, I will have three tax courses left: Advanced Level 2, Small […]
Readjusting My Schedule for a New Year and New Goals
Sometimes after I get home from work, make dinner, and spend time with the family, I’m just not in the mood to do tax homework. The beginning of the year is always a busy time for me at work. With all the goals I set for the new year, it can be hard to divide […]