get the briefing paper on the “american jobs act.” with hopes of stimulating national job growth in the near future, president obama is urging congress to pass a $447 billion jobs package. but many tax practitioners just want to know: … continued
get the instant download.
the internal revenue service is unveiling the specifications for the competency test individuals must pass to become a registered tax return preparer.
preparers who pass this test, a background check and tax compliance check as well as complete 15 hours of continuing education annually will have a new designation: registered tax return preparer.
get the instant download: read more →
fight for the client, and win!
enrolled agent thomas blair has built a thriving practice and solid reputation as a taxpayer’s advocate in irs cases.
here are a few of blair’s stories, in his own words:
get the details in an instant download. via cch with president obama and congress reaching an agreement to raise the federal debt limit. along with spending cuts, sweeping changes to the tax code have been part of the negotiations. cch … continued
nine rules for tax season success, including: bartering services for ammo, if necessary.
by thomas avery blair, ea
tomblairea.com
i believe that in order for the registered tax preparer/licensed tax attorney, cpa and enrolled agent to remain in business now and in the future, there will have to be a resurgence in the attitudes of conventional and unconventional “personal service” to the individual tax client.
i bear witness to the fact that my own small tax practice now requires that more personal attention be given to the individual client. “one size fits all” simply won’t work. the tax code is growing ever more complex while the public’s education in federal taxation matters is waning.
here are some examples of what i mean:
1. my clients needed year around access to a notary public… so i became and now remain a commissioned notary public.
2. my clients needed cost-effective access to legal advice, especially over matters of wealth retention… so i fostered a business relationship with an attorney with a desire to have her own practice who had the precise skills my clients asked me to find for them. she gets free office space in my office three days a week by giving my tax clients $50 an hour discounted rates on initial consultations in the “off season.”
dipping a toe into charged political waters…
uhy, the top 100 cpa firm, says their own research shows the united states has one of the lowest tax burdens for both high and low earners among the g8 countries.
if tax season 2011 seems particularly hectic, you’re not alone.
roger russell at accounting today attributes the compressed tax season to a hold on e-filing schedule a returns and a later deadline for delivery of form 1099s.
overall, the irs processed 132.5 million individual returns through june 3, up 2.7% over last year. over 106 million were e-filed, a 12.3% increase, including 68 million by practitioners, up 12.1%.
“mandatory e-filing caused us to make significant changes in our internal process and be much more proactive in educating and communicating requirements to our clients,” jodi robinson, director at the kansas city, mo., office of cbiz mhm, tells accounting today.
a five-person start-up in downtown new york is adding a new wrinkle to accounting competition by creating a yelp! for tax and bookkeeping services.
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the big idea: rate accountants like restaurants and take a piece of the business when clients and accountants connect.
tax filers who paid an accountant or cpa to prepare their returns register the highest satisfaction with their method of preparation.
some 75 percent state that they were “very satisfied” in working with the accountant or cpa, according to a new survey.
practitioners close the books on a tough tax season.
granted, it wasn’t as bad as the months and years immediately following the financial crash of 2007. but the reviews are mixed.
what was your season like?
join the survey. get the results
we’re still sifting through your comments to add it all up. but here are a few:
read more →
late surge over the weekend. the internal revenue service announced taxpayers set a record for e-filed tax returns, topping 100 million for the first time. by early monday morning, the irs had received nearly 101 million e-filed returns for the … continued
irs reports tax receipts from professional practitioners run 7.2% ahead of year-ago…
from visualizing economics, we see this spectacular depiction of the top marginal tax rates in the u.s., from 1916-2010, for personal income, corporate, and capital gains tax rates:
