Be aware; the attributes discussed in this article are relating to tax software used to prepare individual tax returns for profit, NOT personal use tax software (AKA TurboTax).
Online Tax Preparation Software
Positives: Online software applications allow your office freedom and mobility in ... Views: 1189
Starting a Tax Business is an entrepreneurial leap that many self-motivating individuals are finding more and more appealing. With the Tax Code becoming more complex every year, the portion of the population of taxpayers who seek out professionals to assist in their tax preparation and filing is ... Views: 1175
Lack of proper documentation is by far the most common reason for perfectly legitimate business expense deductions being disallowed come IRS audit time. Taxpayers need to be aware that simply identifying and accounting for expenses in your bookkeeping software is not enough. You need to have ... Views: 1080
Buy in Pricing - Tax Franchises such as H&R Block, Jackson Hewitt, Instant Tax Service and Liberty all have substantial up front "franchise fees". These fees make it nearly impossible to enter the industry let alone the challenges they put on attaining profitability any time soon. These up front ... Views: 952
This tax season started off with a bang, or rather, a blank in the barrel. Less than 24 hours into tax season, the IRS's e-file system went down for 18 hours causing an unexpected delay and back log for all the returns filed before the system went down and for those returns attempted to be filed ... Views: 892
Many traditional tax preparers overlook a very complementary business line that could be adding thousands to their bottom line. This business line is ITIN (Individual Taxpayer Identification Number) processing. These numbers allow undocumented immigrants the ability to file tax returns along ... Views: 687