elevation

14 posts
Tax Pro Nation podcast

Legitimize Your Hustle with Teowonna Clifton

"Legitimize Your Hustle" is the new message of the Schedule C Queen, Teowonna Clifton, of Simply Taxes of South Carolina, LLC, as she establishes her independent tax preparation business in the Columbia local market. She wants to focus on helping employees and entrepreneurs legitimize their side hustles. Join us in this episode of Tax Pro Nation as we listen to her stories and challenges as she grows her tax business through the Elevation Step and beyond.

How Does CECL Affect Taxes?

CECL standards mandate the use of historical, current and anticipated information to forecast expected losses over the life of a loan.

Are Tax Liabilities Bankruptable?

Are Tax Liabilities Bankruptable?

Bankruptcy has evolved over the years, and stringent measures have been put in place to prevent exploitation of the bankruptcy laws. But are overdue taxes allowed under our bankruptcy laws? Read to find out!

Lower Income Families Escape Debt

5 Strategies for Helping Lower Income Families Escape Debt

Helping lower income clients escape debt and achieve financial security is obviously a big challenge, but it's something that we should be working towards for our clients who need help most, here are five strategies that can help.

How To Maximize Tax Savings

How To Maximize Tax Savings For Military Veterans

Military tax breaks can be very powerful, but difficult to find. Especially for tax professionals who don't work with military clients every day, sometimes you can feel like you don't know about all the military tax breaks that could be available. Here are some of the ways to ensure tax savings are maximized.

Step 4 of The Pronto Path: Elevation

This week, we continue the series on our journey through all 9 steps of The Pronto Path. Step 4 is called Elevation, where we will be raising our prices and finding a highly profitable niche. We must show great leadership, courage, and ownership of our business to success at this step. And many get stuck here for years.

5 Quick Ways to Boost Your Income as a Tax …

There are many different ways to boost your income as a tax professional. One of the first things to keep in mind is that your attitude and the way you see yourself is key. You don't want to just look at yourself as a tax preparer. Instead, you want to view yourself as a resource person to your clients. Some of the more effective and common ones will be covered in this article. Below is a checklist that you can print out and use anytime.

Can CTEC Tax Preparers Do Tax Problem Resolution Work?

The tax problem resolution market is BOOMING. As more and more taxpayers have gone from W-2 to 1099, more and more taxpayers have fallen behind on their taxes. Statistics show that approximately 14 million taxpayers are in collections with IRS as we speak--those folks could really use some professional help right about now.

How to Become a Wealthy Tax Preparer

So, let's get the "bad news" out of the way first. Based on what I've been learning studying this business with Pronto Tax School Founder Andy Frye, doing taxes isn’t likely to make you wealthy. That is to say, the actual act of tax preparation does not often lead to wealth. Read to find out how a career in tax preparation can lead you to becoming wealthy.

The 3 Biggest Opportunities Right Now for CTEC Tax Preparers

Here at Pronto Tax School, in addition to providing you with your yearly CTEC continuing education course, we're always looking for ways to increase the earning potential of our Members. There are three primary methods for improving your practice described in this blog.