As a new business owner, Edward wanted to make a few changes to the organization of Gonzalez and Associates. He believed a change in structure would increase their productivity and he felt the best way to do this would be to increase technology in the office. A bit of a technical guru himself, Edward implemented a few new processes and saw a 20 percent increase in business that first year. In the last three years, Gonzalez and Associates has added payroll to their list of available service and has earned the business of over 200 corporations.
IRS Begins PTIN Renewal Season for 2014 PTIN System Accepting Applications
The Preparer Tax Identification Number (PTIN) system is now ready to accept applications, new and renewal, for 2014.
Over the next two months, roughly 690,000 federal tax return preparers must go online and renew their PTIN – all current PTINs will expire on December 31. An IRS-issued PTIN must be used as the identifying number on tax returns by anyone who, for compensation, prepares or helps prepare any federal return or claim for refund.
The renewal fee is $63, and the process can be easily completed online at www.irs.gov. If you can’t remember your user ID and password, the website can help you recover or reset your credentials. Those registering for the first time can also complete the process online. The first time application fee is $64.25.
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