News

20 posts

Select a news topic from the list below, then select a news article to read.

New IRS Form 1099-NEC

There is a new IRS form meant for business taxpayers to utilize when they pay or receive nonemployee compensation. The 1099-NEC is being reinstated for tax year 2020 and beyond. The "NEC," stands for Non Employee Compensation.

Warning: Fake IRS Emails

Educate yourself and your clients about IRS impersonation email scams. Fake IRS Email have become a problem. Learn to avoid Phishing Email.

Federal Saver’s Credit

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

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.

Dazzle Your Tax Clients with Good News!

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.

pencils

Tax Season Ending, or Just Beginning?

Compared to last year, about 66% of the total e-filed returns that were e-filed over all of last year, have been e-filed as of first week of April.

Kobe Bryant

What Kobe Bryant Taught Me About Tax Season

I'm sharing 8 things Kobe Bryant taught me about tax season because I think if you take a moment to reflect on this list, you'll start your tax season strong, and you'll finish it even stronger.

What Does DACA Repeal Mean

What Does DACA Repeal Mean for Your Tax Business?

What Does the DACA Repeal Mean for Your Tax Business? When United States Attorney General Jeff Sessions announced the immediate rescission of the Deferred Action for Childhood Arrivals program on September 5, hundreds of business leaders and entrepreneurs signed and sent a letter to the White House and Congress. This letter urged the Trump administration to reconsider the decision to terminate DACA. DACA is the rule that was put in place by the Obama Administration, granting legal residence to certain immigrants who came to the U.S. as children. Here are a few things we should know about this situation, as tax professionals...

lemons into lemonade

Does President Trump Want to Put CTEC Tax Preparers Out …

Yes, President Trump does seem to want to put CTEC Tax Preparers out of business. This post describes how Trump's Tax Plan impacts CTEC Tax Preparers. In addition we go over solutions and opportunities that have resulted from these changes.

Pronto Tax Class Student Reviews

Pronto Tax Class Student Reviews

Real Student Reviews Don't Lie!

Looking for a comprehensive but convenient 60 hour basic income tax course? Consider Pronto Tax Class. According to surveys we have a 98.3 percent approval rating from students who have taken our course and here are just a few of the email testimonials we have received for Pronto Tax Class:

"I had a great experience with Pronto Tax Course. I will be renewing my license for next year with www.renewCTEC.com."

"It was good especially text book"

"Great, easy, and informative course."

"Great tax course, will recommend to people who are interested."