Blog
Definitive End to SALT Workarounds Could Challenge State Tax Preparers
In August 2018, the U.S. Department of the Treasury proposed a rule limiting the types of charitable contributions taxpayers are permitted to deduct on their federal income tax returns. This rule was a direct—and directed—response to tax laws recently enacted by high-tax states like New York and New Jersey in an...
How Selling Your Tax Services Can Hurt Your Profits
How can selling your tax preparation services hurt your profits? Aren't you supposed to be selling your services? How else can you stay in business if you're not selling? While selling your services may look like a good idea on the surface, it's the way you sell and market yourself that could end up costing you in...
Make Your Next Tax Professional Continuing-Ed Course a Cybersecurity One
(Want this course? Click Here) While it can be easy to look at required continuing education (CE) courses as yet another regulatory hoop through which accounting professionals need to jump, these courses often present an unrivaled opportunity for self-growth. With technological advances that make it simpler than...
Four Ways Tax Professionals Can Prep for Tax Day 2019
Although most of the continental U.S. is still feeling the crisp air of fall, next spring will be here soon—and with it, tax season. Monday, April 15, 2019, is the due date for the first returns to be filed under the sweeping changes made by the Tax Cuts and Jobs Act (TCJA). How can tax professionals (and their...
How the Tax Cuts and Jobs Act Will Impact State Taxes
Nearly 90 percent of the 41 states that collect income taxes connect these state tax laws to various provisions in the federal tax code. Whether it’s using a taxpayer’s federal adjusted gross income as a starting point for state tax calculations or transferring certain exemptions or deductions to one’s state...