Consolidating Your Tax Office Efficiency Resources
How often does your tax office do an inventory of its efficiencies? Tax office efficiency sounds like an afterthought, but when you analyze the operational constraints that impact your efficiency, you may be able to improve office efficiency and discover areas that in turn save you time and money. Many tax offices struggle with too […]
End of 2020 Tax Filing Season Extended Hours & Tips
We are now within 1 week of the May 17th filing deadline and many of you are as busy as ever assisting procrastinating clients! Federal Direct will be available for extended support hours this Friday, Saturday and Monday leading up to the filing deadline. Give us a call and we can help get those last […]
Recovery Rebate Credits Getting Separated from 2020 Tax Refund?
Over the last few days, as federal refunds have started to get disbursed, we have been noticing some unexpected behavior regarding tax return acknowledgements and tax refund figures. While investigating refund figure changes, we noticed that the discrepancy appears to be the exact amount of the recovery rebate credit from line 30 on the 1040. […]
Tax Season 2021 Starts on February 12th
No word on hub testing, yet, but the official start to tax season for filing 2020 tax returns will be February 12th, 2021.
E-file Shutting Down November 18th
Shutdown begins on Saturday, November 18th, 2020, at 11:59 p.m. Eastern time, in order to prepare the system for the upcoming Tax Year 2020 Filing Season. Any returns not in accepted status will either need to be mailed or e-filed after e-filing turns on for the upcoming tax season in January. ***Revision to the e-file […]
Important Upcoming Dates
Head’s up on some important dates! This Year’s Extension deadline is : October 16th, 2017 -Individual, C-Corp (S-corp & partnerships were September 15th) -Disaster Areas: Added time to file returns on extension, January 31st, 2018 (Hurricanes Harvey, Irma and Maria) CTEC renewal deadline is : October 3st, 2017
Is a Tax Preparation Business right for you?
The tax industry is a delicate balance of chaos and repetition. Yearly updates on tax law, form revisions, tax software, and tax professional education requirements keep tax professionals busy during the off season while peak season shows just how truly chaotic tax season can be. Every tax professional will develop their own methods of preparing […]
Tax Office Training
Training your tax preparers can be a daunting task, but it doesn’t have to be. We’ve compiled a list of important tax preparer training categories. Ranging from software and tax law training to online security, with our list of best practices for tax office training, we hope this will help to ensure that you and […]
What is the real cost of starting a tax business?
If you are considering starting a tax preparation business, there are a few different types of actual costs to consider. Each type of cost will require sacrifice and planning. The three main types of small business start-up costs to consider are: finances, time, and effort (mental and physical costs). To help measure the real financial […]
Tips on Basic Online Security & Identifying Tax Related Email Scams
Start by knowing that the IRS or software vendor will never ask you for your personal information and security questions via email. Please take some time to read our online information security tips below. Always be suspicious of unexpected emails, even if it appears to come from a legitimate source. Triple check emails before ever […]