Tax season

Every year, accountants and tax professionals brace themselves for the inevitable tax season.

AccountantsWorld CEO Dr. Chandra Bhansali is warning about the tax season crunch that many accountants will be facing in a few months when their clients come in to not only do their taxes, but also close the books on their small businesses, while getting help complying with the Affordable Care Act.

It’s just not in the nature of most accountants to make hassle calls to taxpayer clients who are late coming in to get their returns prepared and filed.

The Internal Revenue Service released its annual update Wednesday on the cost of living adjustments for pension plans and retirement plans for next year, along with the amounts of standard deductions and other tax benefits.

Let’s face it. Whether we are talking about water (especially in California), oil or time, we are all unfortunately limited by the resources available at our disposal.

The Internal Revenue Service faced challenges last tax season from the late enactment of dozens of tax provisions that were set to expire, along with fraudulent refund claims, declining levels of telephone assistance and other issues, according to a new government report.

Wolters Kluwer Tax & Accounting US is offering its predictions for the estimated ranges for each 2016 tax bracket, based on the inflation data released this week by the U.S. Department of Labor.

Bloomberg BNA has released a report on projected 2016 tax rates, providing a detailed forecast of inflation-adjusted tax items.

Thomson Reuters is forecasting the tax rates for next year and predicting they will be adjusted upward in line with modest inflation.

Independent tax preparation businesses face challenges of fierce competition and seasonality, according to Chuck McCabe, president of Peoples Income Tax and The Income Tax School.

Wolters Kluwer Tax & Accounting US said it has been selected for the 11th straight year by the Internal Revenue Service to deliver its sales tax rate and taxability tables to help taxpayers across prepare their tax returns.

11 things you and your clients will want to start thinking about for next tax season

What to do when you’re not sure about your clients’ documents

The IRS reports that it processed 132,719,4656 returns from last season through May 28.

By taking the time to plan for next year’s tax season during the off-season, you will be more prepared, more capable, and less frantic.

Tax professionals need to juggle multiple commitments—especially during busy season. The long hours, travel and heavy workload can be an endurance test for many. With these demands on fathers’ time, it’s important for them to focus on balancing their professional and personal life in order to remain energized during and outside of work.

ATAX, a Latino-owned tax preparation, bookkeeping and payroll services franchise company, reported Monday that the 2015 tax season was its strongest since it began franchising in 2007.

Chuck McCabe, president of Peoples Income Tax and The Income Tax School, has some suggestions for independent preparers to stay on the “cutting edge” during the summer.

An after-action report on the 2015 filing season.

The most common errors tax pros run across in prior years' returns