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IRS Regulation of Tax Preparers Coming Soon?

September 29, 2021 12:10 PM

Tax Preparer Regulation Gaining Momentum Again Even since the Registered Tax Return Preparer Legislation was overturned in 2013 and replaced with a voluntary AFSP Program is has been thought the IRS may again attempt to regulate tax return preparers to reduce tax return errors and fraud that costs the government...

WHAT QUALIFIES FOR THE R&D TAX CREDIT?

August 20, 2021 1:24 PM

What Qualifies For The R&D Tax Credit? Did you know that 87% of R&D credits are claimed by companies with over $100 million in revenue? But, these credits aren’t made exclusively for large businesses. So why do so many small to medium businesses (SMBs) miss the R&D credit? There are a few...

THE POWER OF ZERO – HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT

August 9, 2021 11:49 AM

THE POWER OF ZERO – HOW TO GET TO THE 0% TAX BRACKET IN RETIREMENT The tax rate in recent years has been low in comparison to previous decades. However, we know that the tax rate is set to increase on January 1, 2026. It’s a popular belief that taxes will need to go up in order for the government to continue...

3 Strategies for Tax Preparers To Generate Year-Round Revenue

June 25, 2021 4:54 PM

3 Strategies for Tax Preparers To Generate Year-Round Revenue Being a tax preparer easily falls into the category of a seasonal business. There are some great benefits to this, like being able to take some time off after your busy season and having the freedom to do what you’d like. However, you’re also going to...

IRS Released 2021 AFTR Outline: Here's How To Participate

April 12, 2021 3:01 PM

IRS Released 2021 AFTR Outline: Here's How To Participate The IRS has just released the AFTR outline for 2021, which will be applicable for the 2022 tax season. This course will be available starting on June 1st for all return preparers. You may be wondering what the benefit is to participate in the IRS’ Annual...