The high volume of changes in the Tax Code, along with a shortened cycle and missed deadlines, are increasing the risk of a delayed start to the 2019 tax-filing season
Are you planning to grow your tax resolution business and increase your revenue? So stop worrying, because Logics brings to you the perfect solution and a must-have feature in your logics CRM.
Did your client just find out that they missed out something in their tax return? No worries. IRS has a solution for that. IRS provides you a chance to file an amended tax return to cover
Tax scams are one of the biggest problems for IRS because they still continue even after taking so many precautions and giving alerts. Notorious scammers keep coming with new tactics
Underpayment of estimated tax is a tax penalty which is charged to an individual for not paying enough of his/her estimated tax and withholding. IRS provides Form 2210 to underpaying taxpayers,
If you have just started your tax business your top concern would be to market it. Here are some techniques to keep in mind while starting your marketing efforts: 1: Start marketing to your neighbors, friends, and acquaintance:
There has been a constant debate over the high corporate tax rates in USA. President Donald Trump said in Springfield Missouri “When it comes to the business tax we are dead last”.
Tax resolution is a competitive business. If you are starting one or planning to grow your existing tax business you have to involve very actively to ensure a continuous flow of lead. Here are some tactics to keep getting high-quality leads:
Offer in compromise is an amazing option to get a relief from a giant tax debt, although it is not uncommon to have an OIC rejected. Obviously, it happens because of the mistakes made while filling the OIC.
Filing tax jointly has some pros and cons. Generally, IRS encourages taxpayers to file their taxes jointly with their spouse to receive more tax benefits and discounts than they can get by filing separately.
Penalties are used by IRS to make taxpayers follow tax rules and it uses quite often.However IRS also provides options to get penalties removed, or abated. Sometimes taxpayer does not even know about penalty abatement or simply ignore it.
Technology is proving to be a boon for businesses. It is helping various industries to grow exponentially. Same is the case with tax resolution industry. Tax resolution software is technology’s gift to tax professionals.
With changing rules, strict regulatory authority (IRS) in place and enormous competition, tax industry is one of the toughest. To maintain your success is a challenge. Despite all the challenges you can still stand strong.
What is Offer In compromise. Offer in Compromise is a program by Internal Revenue Service under 26 U.S.C , § 7122 which allows qualified individuals with an unpaid tax debt to settle down to an amount that is less than the total owed to clear the debt.
CRM software is a must have tool for any tax firm these days. Most of you are already using one or may be planning to buy one. Even if you are using one and evaluating other options then this is the right time.
Like any service based company tax professionals are highly dependent on technology. Many tax professionals and CPA’s use CRM software to improve their business results,
The Trump Plan will revise and update both the individual and corporate tax codes: Individual Income Tax Tax rates The Trump Plan will collapse the current seven tax brackets to three brackets. The rates and breakpoints are as shown below.
The real beauty of tax resolution is that it’s a lead generator for your other financial services. Your tax resolution clients are in trouble because they don’t keep up with some important financial factors in their lives or businesses.
Tax fraud is an increasing problem in USA and is a great nuisance for IRS. Tax-refund fraud is expected to soar again. IRS has already caught approximately 35,000 fraudulent e-filed tax returns and 741 paper tax returns as of Feb.
Tax Season has already begun, and you would be busy filing tax returns by now. But, you are not really ready for it until you prepare yourself to confront this new tax scam. The busiest time of the year seeks your ..
Customer retention is critical to any company’s success. Most tax professionals will agree that 80% of business comes from 20% of the customers, which illustrates the importance of keeping your clients happy.
While the peak of tax season is the most chaotic time of the year, it is also the most lucrative for most of the tax professionals. Without proper preparation you can miss out on many opportunities to increase revenue.