Blog

Now is the Time to Start your AFSP Record of Completion

September 22, 2020 1:56 PM

Now is the Time to Start your AFSP Record of Completion Many taxpayers were surprised and are surprised each year to to find they have to pay more taxes than the previous year, while others received significantly lower refund checks from the Internal Revenue Service (IRS)—even though their financial circumstances...

What is the Employee Retention Credit?

September 10, 2020 2:13 PM

By: The Center for Financial, Legal & Tax Planning Employers should pay close attention to their eligibility with regards to the Employee Retention Credit. Eligible employers can claim the credit for wages paid between March 12, 2020 and January 1, 2021. Most importantly, the credit is fully refundable. The...

Helping Taxpayers Who Have Under-Withheld

September 10, 2020 6:26 AM

The General Accounting Office (GAO) just released a report to warn U.S. taxpayers that around 30 million of them are withholding too little from their paycheck. Unless these taxpayers make changes to their W-4s or send in estimated tax payments, they could be in for an unpleasant surprise next spring. But with many...

Do you Aspire to a Higher Degree of Professionalism?

August 31, 2020 11:30 AM

The AFSP was designed by the IRS just for that purpose. Enrolled Agents and CPA’s have their respective qualifications but previously there was no way to recognize the largest group – the tax preparers. Tax preparers handle a tremendous amount of the countries tax returns and like their CPA and EA counterparts...

Everything You Need to Know about the Annual Filing Season Program

August 27, 2020 6:00 AM

Everything You Need to Know About The Annual Filing Season Program (AFSP) The U.S. Tax Code can be seriously complicated. Because of this, many taxpayers don’t feel confident preparing their own federal income tax returns, even with tax software. But using a Certified Public Accountant (CPA), an Enrolled Agent...