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Drake Software Classroom Training and CPE Opportunities



April 18 – or April 19 for preparers in Maine and Massachusetts – doesn’t actually mean the end of tax-related work. [Read more…]

Drake Software Gets Positive Review in New Book



Million-Dollar Tax Business Cites Drake Software as a Key to Success

Drake Software received a strong endorsement in Chauncey Hutter, Jr.’s new book, BLOCKBUSTER: How to Build a Million Dollar Tax Business, which recently claimed a top-100 spot on the Amazon “Personal Taxes,” “Small Business Taxes,” and “Taxation” lists. BLOCKBUSTER is equal parts autobiographical and instructional, assuming a conversational tone while outlining the steps Hutter took to succeed in the tax preparation industry. [Read more…]

The IRS Issues “Last-Minute Tips” for 11th Hour Filers



We’re mere days away from the filing deadline, so it makes sense that the IRS would release a set tips to help avoid any last-minute bumps in the road. Yesterday they provided a list of seven things that taxpayers can do to have a smooth tax season. [Read more…]

Treasury Program to Help Americans Start Saving



Initially announced during President Obama’s 2014 State of the Union Address, myRA is a U.S. Treasury-backed Roth IRA program that was launched in November 2015. [Read more…]

Reduce Stress During Tax Season



Stress can worsen or increase the risk of conditions like obesity, heart disease, premature aging, Alzheimer’s disease, diabetes, headaches, depression, gastrointestinal problems, and asthma. For tax and accounting professionals, the effects of this stress are seen most clearly during tax season, and especially leading up to the filing deadline, when the workflow can ramp up to 80 work hours per week and preparers abandon their normally sane habits of diet, exercise, and sleep.  Further complicating the situation is that tax season comes at the same time as the transition from winter to spring, which means shifting from cold to warm weather and adjusting to Daylight Savings Time. [Read more…]

Carlos Lopez, EA: Tax Prep Was the Perfect Fit



“I love seeing clients grow from workers to supervisors to business owners.”

Carlos Lopez, EAFor Carlos Lopez, EA, each day begins at 8:00 a.m., scrolling through emails that have quietly announced their arrival with bold font. When the inbox counter reaches triple digits it means that tax season has arrived: in other words, business as usual from January to April. [Read more…]

Turning Customers into Clients



For most tax preparation firms, success means attracting more business from taxpayers, expanding the number of services offered, and converting customers into clients. Though we tend to use the terms interchangeably, customers and clients are not the same thing.  The difference between the two terms are subtle, but can change the relationship from one-time, strictly seasonal sales of tax prep services and a longer-term, significantly more profitable relationship. [Read more…]

Things Your Tax Practice Doesn’t Need



The quest for success in all businesses is a complex mixture of greater efficiency, greater creativity, better marketing and better management. The role of technology in this mixture has generally been positive, though not always. Likewise, company policies aimed at enhancing this mixture do not always achieve the intended results. In fact, some policies and technologies cause more disruption than the problems they are designed to fix. [Read more…]

Using LinkedIn to Build Your Practice and Brand



Are you looking for new and affordable ways build your practice and your brand?  One good place to start is LinkedIN, the world’s largest professional network on the Internet.  [Read more…]

IRS Announces Tax Design Challenge



Crowd-Sourcing Effort Aims to Improve Service for Taxpayers

The IRS recently announced that they are teaming with the Mortgage Bankers Association (MBA) to start the Tax Design Challenge, a new three-week crowdsourcing competition that is open to taxpayers across the country. The IRS hopes this program will help find ways to improve the online experience for taxpayers. [Read more…]