Pronto Tax School

Month: November 2014

Best Ways to Motivate and Keep Your Tax Employees

There is no doubt that employee retention is paramount in maintaining customer relationships and keeping training costs down. This is especially true when it comes to training tax preparers because that is a task that seems to continue for perpetuity, due to the circuitous nature of the tax code and it’s intricacies. The keys to keeping employees satisfied and retaining them at the same time is based on strong leadership and efficient and proficient management practices. If you can master these aspects of management, the result will be an employee team that is healthy and loyal and you will have a booming business to boot. Let’s take a look at the best ways to motivate and retain your tax employees.

Best Ways to Avoid Self-employment Tax Penalties

When a taxpayer is self-employed they are often required to send in quarterly estimated tax payments to the IRS. The situation can become ambiguous and muddled when, as with most businesses, income vacillates from month to month or year to year. It can be difficult at the point to determine estimated tax payment amounts that will keep you out of the penalty zone. If you send to much your routine expenses will be a struggle now, but if you send too little you are going to be subjected to the estimated tax penalty on top of an already hefty tax bill. Let’s look at some of the best methods in avoiding self-employment tax penalties.

Is it Smart to Become a Tax Preparer?

They say that two things are a sure thing in life, and those are death and well, you know the other. And because taxes are that part of life that is inevitable unavoidable income tax preparers have maintained several decades of job security. There have been changes within the demographics of the industry along with the clientele’s shift in strategy. There are more options than ever when it come to filing your taxes, and tax preparers have been pushed into developing wider arrays of products just to keep up. Let’s take a look at the ever-changing state of the tax preparation game and where it may go from here.