Tax Tips for New Business Owners
Owning your own business can be a very rewarding experience. The process of starting a business, however, can seem overwhelming to the uninitiated.…
Crossing the Digital Divide with Your Tax Practice
For years, industry experts have been calling for tax professionals to use various hardware and software technologies – CRM tools, document management systems, workflow and productivity software, and paperless technologies – to stay competitive and profitable.…
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Part of the Sharing Economy? The IRS Has Tax Tips for You
Last month, we looked at the legal dustup between ride-sharing company Uber and its contracted drivers and speculated on ways sharing economy businesses might affect tax preparation. One EA we…
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Summer Wedding? Time for a Tax Tune-up
If you’ve got clients who are getting married this summer, they may not have taxes on their pre-nuptial checklist. But once the rice is all swept away and the thank-you notes are written it may be…
Business or Pleasure: Determining if Your Hobby is Considered a Trade
What is a Trade or Business?Simply put, a trade or business must satisfy the need to make a profit. If you don’t plan to make a profit, then this is not a business, it is a hobby. The reason for…
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Reduce Stress During Tax Season
Stress can worsen or increase the risk of conditions like obesity, heart disease, premature aging, Alzheimer's disease, diabetes, headaches, depression, gastrointestinal problems, and asthma. For tax…
Turning Customers into Clients
For most tax preparation firms, success means attracting more business from taxpayers, expanding the number of services offered, and converting customers into clients. Though we tend to use the terms…
Things Your Tax Practice Doesn't Need
The quest for success in all businesses is a complex mixture of greater efficiency, greater creativity, better marketing and better management. The role of technology in this mixture has generally…
Using LinkedIn to Build Your Practice and Brand
Are you looking for new and affordable ways build your practice and your brand? One good place to start is LinkedIN, the world’s largest professional network on the Internet. While many small…
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Fighting Identity Theft During Tax Season
Tax-based identity theft is bad, and it’s getting worse.After only a quarter of the way through this year’s tax season, the rate of identity theft increased by 400% over last year. Phishing and…
