Like the image above says, tax season opens in just a few short days. As a tax professional, staying ahead of deadlines is crucial for both you and your clients. To that end, here’s a quick rundown of the key filing dates for the 2025 tax season (covering the 2024 tax year) that you should …
Key Filing Dates for the 2025 Tax Season (For Tax Year 2024) Read More »
The main purpose behind tax software is to assist tax preparers in preparing and filing tax returns for others in the most efficient manner possible. Tax software provides the preparer with a faster and more convenient way in organizing and calculating how much is owed or the refund they will receive. The software also provides …
Are you a tax professional who still mixes your personal and business finances? If so, you’re putting yourself at risk of a whole host of problems, including tax audits, financial liability, and even legal trouble. In this article, we’re going to discuss why you need to have separate banking and credit card accounts for your …
Why your tax business needs a separate bank account Read More »
The IRS has announced that it will begin its annual shutdown of the Form 1040 modernized e-file system starting November 18, 2023 at 11:59 p.m. Eastern time. This is an annual process where the IRS will begin to prepare the system for the upcoming filing season. Only “Send Submissions” for state and federal Forms 1040 …
Form 1040 e-File Shutdown Starts November 18, 2023 Read More »
What is an EFIN and why you need it? In the world of tax preparation, efficiency, accuracy and security are essential one’s success. One important tool that combines all these elements is the Electronic Filing Identification Number (EFIN). Behind getting ones PTIN, the EFIN is your second key to efficient and secure tax return filing. …
