You might think that bad credit will not do much harm in the long run but having bad credit can be pretty detrimental to a lot of daily life. There are many different impacts of bad credit. In order to start thinking about these impacts though, one must first understand the definition of bad credit […]
Exactly What to Do After You Pass Your IRS AFTR Course and Test
The Annual Federal Tax Refresher (AFTR) is the “testing portion” of the IRS Annual Filing Season Program (AFSP) credential. This AFSP program has been very confusing to a large number of tax professionals. So confusing has it been, in fact, that IRS reports that only 70% of people who complete the requirements to earn the […]
Be Professional by Keeping up-to-date on New Tax Reforms and Policies
The new tax reform law passed in December of 2017 presents many challenges for us as tax professionals. If you are an accountant or tax professional, then it can be hard to keep on top of all the new tax reforms and policies that are happening. However, it is essential that we commit to learning […]
What I Learned About Doing Taxes from Not Doing Taxes
Starting in January 2015, after preparing over 10,000 tax returns during my first 13 years in the business, I took a “cold turkey” hiatus from tax preparation, in order to focus on building out our online tax school, which has been a ludicrous amount of work (and really fun, too). In January of 2015, I […]
87% of Tax Preparers Can’t Represent Clients If IRS Comes Calling?
By Andy Frye “I pay you to do my taxes because I know that you’ll have my back if the IRS ever hassles me.” This is the thought that drives many millions of taxpayers to choose to pay their hard-earned money to hire a professional tax preparer, rather than doing their own taxes online. Right? […]