Tax practice

Here are 10 suggestions to help firms think through near-term needs and create a plan to help shore up business continuity and mitigate some risks during this sensitive time.

We are on new ground with the coronavirus pandemic, and we need to adapt as much and as quickly as possible.

The Internal Revenue Service is shutting down its Practitioner Priority Service line, e-Services Help Desk, as well as the e-Services FIRE and AIR system help desks, until further notice, due to staff limitations amid the pandemic.

What we did yesterday is no longer relevant during the coronavirus pandemic, and we need to adapt and quickly. Here are some issues to consider.

When a client has a problem or wants something from you, he or she needs your attention. Are you as responsive as you need to be?

Tax season can be one of your best opportunities or a miserable war.

Many firms think they have the 'finding the errors' situation worked out, when in reality they should be concentrating on error reduction or elimination.

Tax season is the time of year when every other tax professional is focusing on completing returns for their clients, leaving the marketing field open and ready for you to dominate.

I recommend eliminating the tick and tie review in favor of an issue review.

Teach preparers how to prepare error-free returns that will elevate their overall quality and that of the entire practice.

My tax season checklists have been updated and are ready for you in a Word file so you can use them as you want.

Taxpayers are more than twice as likely to use DIY tax preparation software as an accountant to do their taxes, but they’re 38 percent less satisfied with the results, according to a new survey.

It all starts with the client onboarding process.

Accounting firm owners and partners who did not get their own tax returns in on time face losing their licenses, being expelled from their professional societies, losing their livelihoods and possibly being imprisoned.

Here are some suggestions on how to pull work out of tax season and push it into November and December to better handle the extra work.

Practitioners share their best practices for the long (relatively) quiet months between deadlines.

Early in my career I always felt I would not be that busy during July and August. Well, the reality never matched my expectations.

The module, which is proprietary to Canopy, allows money transfers between Canopy’s customers and their clients using credit, debit or ACH.

Here are some suggestions to consider and get started on now to help you next year.

If staff do not grow, then the owners cannot grow.