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 …
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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. …
If you’re starting a tax business, you’ll need to figure out how to set it up right? What we mean, is how to set it up from a legal standpoint. While you do business just as “yourself” or will you set up a formalized company? Well, in this post will give you some things to …
Are you planning on filing taxes for the 2024 filing season? You know, the ones for tax year 2023 that will be filed in early 2024? Well, before you can do that, there is one crucial number you need from the Internal Revenue Service (IRS). This is known as the Preparer Tax Identification Number or …
