COVID-19 has permanently changed the U.S. economy. People have been forced to learn to live differently out of necessity. "We're recovering, but to a different economy," was recently expressed by U.S. Federal Reserve Chairman Jerome Powell. So, what has changed?
A large portion of college students have decided to take a break until this pandemic is under control. Accounting students should train to work as tax preparers to get hands-on experience.
Educate yourself and your clients about IRS impersonation email scams. Fake IRS Email have become a problem. Learn to avoid Phishing Email.
Our sweet and considerate Uncle Sam wants us to encourage our clients to save for retirement. He is so motivated that he is offering them a tax credit! You read that right, taxpayers can receive a tax credit for saving for retirement.
California Proposition 22 passed leading to new benefits for app-based drivers, including some guarantees. In this article we will be breaking down the new benefits that are now available to app-based workers operating as independent contractors.
Now anyone residing in California must have health insurance during the 2020 tax year or face being penalized
Are tax professionals who speak another language more valuable? Yes!!! Depending on the area you reside being able to speak another language fluently is extremely useful. Check out the free eBook provided at the bottom of this article for information on how to become a tax preparer. Begin a new career with unlimited earning potential using your linguistic skills to help you earn more.
Dazzle your clients with good news! Congress has approved a new Charitable Contribution deduction. This deduction is available to those who provided cash gifts to legal 501C charitable organizations. The Charitable Contribution deduction is for up to $300.
Looking for a job or even a career where you can work from home? We share how and why understanding the rules can be profitable. Now is an ideal time to become a tax preparer. We provide an eBook free to download that describes two potential career paths for new tax preparers.
In this environment, I think it's extremely important to look for business tax clients groups who are growing rapidly during these tumultuous times.
How can selling your tax services hurt your profits? Aren't you supposed to be trying to sell your services? How else can anyone keep in business if they don’t? While selling tax services may appear to be a good thing, the way you sell and promote could actually end up hurting your profits. How so?
If you create a truly excellent customer experience, you are much more likely to experience a great improvement in your profits.
Let's talk in this blog post about how using simple pricing could help you get beyond the challenge of how to price your services.
If you are a tax preparer, or thinking about becoming a tax preparer, this blog is designed to warn you what to avoid and hopefully show you how not to fall victim to these tax preparer disaster stories.
A tax preparation business is the ideal business for grandparents to start with their grandchildren. In addition to beginning a new business, the family members get to spend a lot of time together.
Many grandparents think about their grandchildren's often times before any child is even born. You want them to succeed and achieve great things in life. One way to help is by opening a college fund, called a 529 Plan.
This exciting blog post discusses the potential of starting a tax preparation business while still attending college! Step to take along with college-specific marketing ideas are included.
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.
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