Building a Career Tax Professional takes time and effort. When it comes to becoming a tax preparer, how will you get people to trust you to prepare their taxes? Your first clients will be your close family and friends. You will need to use marketing to branch out and find more clients. Here are a few tools you should invest in to entice more people to book your services! How to Grow Your Career Tax Professional The preparation of taxes may look confusing to the untrained eye, but a Career Tax Professional should be able to prepare all these statements and papers with ease. If you are looking to grow as a Career Tax Professional, here are some tips to help you reach this goal. #1: Invest in Certificates Certificates will show your expertise in your profession. It will show that you took the proper training and education to make you a trusted professional to perform the job well. Having certificates that show that you are a Certified Public Accountant and as an Enrolled Agent are the two certificates that hold the most weight when it comes to the accounting profession and industry. #2: Establish Yourself in the Industry It pays to get established in the tax industry. As you gain experience, knowledge, and a wider client base, it pays to get involved in activities and groups relevant to your chosen profession. Joining tax associations will widen your network and help you meet people who will help you gain a foothold in the industry. #3: Use Reviews to Your Advantage When people are in doubt about the integrity of a business or Career Tax Professional, they usually rely on online reviews to check if the person or business is worth working with or not. Since people trust this system, it is good to encourage your clients to post reviews about their experiences with you. When other potential clients read these reviews, it will show them that your client base is satisfied with the services you provide, and it will entice them to become your client as well. #4: Be Seen as a Knowledgeable Source Being seen on social media as a reliable source of information will add to your credibility as a Career Tax Professional. Posting updates on your professional social media accounts or starting a blog showing your vast knowledge about the industry will allow your potential clients to see that you know what you are talking about and that they will benefit from hiring you to do their taxes for them. Conclusion Establishing yourself as a Career Tax Professional may take time and effort, but it will pay off in the long run. The tips mentioned above will help you penetrate the job market and land more and more clients as a tax preparer. It may seem difficult at first, but then once you start gathering the resources you need to succeed, you will find that more and more clients will be coming to you to take advantage of your services. If you are looking to upgrade your career as a tax professional, Keystone Tax Solutions has what you need. We offer professional tax software that will help you perform your job well. Give us a call today to get a hold of Keystone tax software!

A brand new year signals a fresh start for every Success Tax Entrepreneur, offering the golden opportunity to create healthy habits, achievable resolutions, and exciting new goals. However, a new year also comes with a long list of tasks, especially for tax professionals. It means you’re getting closer to the start of tax season, which is when you’ll be at your busiest. Fortunately, there are many ways to make this process easier. Here are six tips to start the year right and prepare you for what’s to come: #1: Set Feasible Goals The only way you can measure Success Tax Entrepreneur is to set parameters for them, so make sure you set your goals for 2021 and the ways you can track them! If you don’t know where to start, ask yourself what you’d like to accomplish this year in terms of your financial goals. You can also look at your practice and determine how you’d like to improve this year, whether it’s increasing efficiency by hiring more people or looking into buying professional tax software. Working on your goals together with your staff will make sure you’re all on the same page for next year, keeping you on track for growth. However, make sure that your goals are feasible and realistic. Once you’ve created a list of goals, develop a plan of action to help you achieve them. The more detailed you are, the better! #2: Review Your Marketing Strategy The new year means that the start of tax season is right around the corner, so you’ll need to revisit and refine your marketing strategy. Check your content plan and make sure you’re putting out enough to attract new clients. You’ll also want to review your marketing campaigns for relevance and refresh them as needed. As you gear up for the next year, you’ll have the opportunity to fine tune your marketing strategy to perfection. #3: Reach Out to Your Clients While filing season doesn’t start until the end of January, you’ll want your clients to remember you well before then. Start by reaching out to them, so they’re encouraged to make appointments with you. You can also start collecting the required documents and organizing their books to enjoy a smoother filing process. You can even offer a special deal if your clients book with you early, guaranteeing you plenty of business when you ring in the new year! #4: Get in Touch With Your Mentors You may be a Success Tax Entrepreneur professional, but there’s always room to learn. The start of a new year is also the perfect opportunity to reconnect with your mentor and find out what they did over the past year and the holidays, inspiring you to explore new paths. You’ll also get some clarity and insight into your business, which can help you pivot it in the right direction. #5: Brush Up on Industry Trends There’s no better way to welcome 2021 than by being prepared for industry trends and new laws, so use this chance to read up on trends and changes in regulation. That way, you can warn your clients and give them ample time to make any adjustments. Trust us—your clients will be grateful for the heads up. #6: Look Back at This Year’s Performance Many people focus on future planning when celebrating the new year, but it’s just as important to look back and celebrate your successes and achievements. It helps you feel grateful for all that you’ve accomplished despite an incredibly eventful and devastating year. Gratitude is an essential part of Success Tax Entrepreneur, so take the time to appreciate all you’ve done with your staff. Conclusion Everyone is hoping 2021 will be a much better year than 2020, and there’s no better way to start the year optimistically than practicing these six tips. That way, you’ll enjoy a fresh, exciting start in your business and gear up for a prosperous new year. Keystone Tax Solutions is award-winning tax software for preparers, offering everything you need to succeed: 100 percent cloud-based technology, a document manager, low fees, electronic or remote signatures, and many more. Get a free demo to try out our software today!

Being without a Tax Bank Product account may seem unimaginable to some people, but it is the reality of 7.1 million Americans, according to the FDIC. This has several implications for you, as a tax preparer, and your clients—the foremost being that some clients might have ways of getting their tax refund. This process is also difficult because it does not guarantee secure payment for your services! Finding ways for your clients to access their income tax refunds in a timely and reliable manner is imperative, and it actually can be accomplished with tax-related bank products, such as tax-return software. All About Tax Bank Products Even if any of your clients don’t have accounts, it still shouldn’t hinder them from accessing tax preparation and refund services. Tax bank products are useful in this case, as they are financial products developed specifically for the receiving of tax preparation and refund services. Tax bank products can offer refunds in several ways, such as through electronic fund deposits and prepaid debit cards. Clients are then given access to your services, after which the fees are deducted from their refund so that they won’t need to worry about paying you upfront! Offering a Tax Bank Product to Your Clients Using the right software for tax preparation to provide tax bank products to your clients begins with applying to be an authorized e-file provider. From here, you can choose the bank products that are appropriate for your business and apply with one or more banks. You then wait for approval before you can begin processing different transactions. Some Advantages to Offering a Tax Bank Product Tax bank products are not only easier for you, but they are also beneficial for the average taxpayer, who can now avail of your services without having to provide out-of-pocket payment. This makes your business more accessible, as clients can easily have their taxes prepared without owing anything upfront. E-filing and fund transfers also ensure a fast tax refund receipt while the options for receiving the refund are flexible. Some choices are direct deposit, through a check, or debit card. Clients will also have access to their loans based on the amount they receive for the refund. Your client may also opt to receive part of their refund as an advance, though this is dependent on the amount of the refund. Refund advances are non-recourse loans that can be used from the taxpayer’s refund. When the bank receives the refund, it repays the loan and its fees, your fees, and returns the rest to your client. You may offer refund advances depending on the bank that you work with! For benefits on the tax preparer’s end, tax bank products guarantee that payment is automatically received for your services rather than risking running after people to cough up your fees. You’ll also attract more clients who may prefer to pay for services this way, thus growing your customer base. Your competition may not be using the same software, which gives you a competitive advantage, thus increasing your value to potential customers. Take full advantage of bank products and set yourself apart from competitors by advertising how you can help potential clients. Highlight your ability to help them get refunds more quickly without the dreaded upfront costs. Conclusion People who struggle with accessing banks to open or maintain an account for themselves can still get their taxes done with your services. By offering an easy way to transact with your business and ensuring you receive your service fees on time, you’re ultimately making it possible for all parties to benefit. Tax bank products have a whole host of benefits, all of which can ensure people get their tax refunds and can grow your bottom line and business. Are you looking for the best professional tax software that you can use to boost your business’ processes? Here at Keystone Tax Solutions, we offer our customers a unique solution to start and grow their tax businesses in a fun, affordable, and easy manner. Connect with us today and let us help you uplift your tax preparation business!

Today, Bank Products Tax like loans, hedging agreements, credit accounts, controlled disbursements, and funds transfers provide individuals and businesses with a more convenient way to fund, save, spend, and otherwise handle their finances. Often, these products land on the desks of American businesses, presented as the solution to all of their problems. However, the problem with choosing (or not choosing) a Bank Product Tax is that many entrepreneurs and business owners lack the knowledge to make a sound decision as to whether or not they will provide value. With our basic guide, you won’t have to miss out on the potential benefits of the right Bank Product Tax. Here is what you should know: When does the opportunity to use a bank product typically come in? There are certain Bank Products Tax presented as a way for businesses to better handle customer refunds. Let’s say, for example, that a customer receives a faulty product or a service that isn’t up to spec. To maintain a good reputation and turn your customer’s poor experience to a positive one, you can provide your customer with the option to receive a refund. Should they accept, your business can then pay the corresponding fees before the IRS sends the money owed to a customer directly to a refund settlement bank. By the time the request is punched in through the IRS system and processed by the necessary representatives, the bank whose products are being used will disburse the fees to you and the remainder to your client! How is a Bank Product Tax system applicable for tax preparers? Bank products are a beneficial option for service providers to consider because they allow them to provide their clients with the opportunity to choose their refund method of preference. When a Bank Product Tax system is in place, you can help your client choose the type of refund vehicle that they can use to receive due compensation. Whether it’s in the form of a direct deposit, prepaid card, or a check, any choice that your client makes will subsequently affect the computation for their taxes and open up other refund transfer and refund advance options. Compared to refund transfers, Bank Products Tax incur specific or set bank fees and software fees that will be deducted from the refundable amount. Despite the fees in place, it is worth noting that opting for the product or financial solution in question makes for a more convenient experience because of the streamlined systems used. What do you and your clients get out of offered bank products? Understanding the overall value of using bank products for your tax preparation practice’s clients, for the most part, offers a wide range of different benefits and advantages that are worth considering. Here are some of the most significant advantages of bank products for a tax preparation firm: Benefit #1: Investing in bank product systems gives you a competitive edge A primary benefit of providing your clients with the opportunity to use bank products is that it gives your firm a competitive edge that will serve it well in the long run. Compared to other firms that make it quite difficult for their clients to process refunds on the tax side of things, bank products make it a whole lot easier to attract old and new clients while retaining current ones. The competitive advantage in question stems from the fact that these products help attract new clients because of the additional service offerings that come into play! Benefit #2: Easier client servicing Another key reason you should go ahead and start providing bank products for your practice’s clients is that it helps with taking pressure off of clients by eliminating out-of-pocket costs. Instead of incurring additional costly hurdles and delays that are often associated with refunds (and the tax preparation processes which come after), the products can drastically cut the time it takes to deliver a solution. Benefit #3: You can receive fees directly from a client’s refund At Keystone Tax Solution, we believe that bank products are some of the best offerings that our clients can invest in because they offer a much more convenient tax and non-tax experience with collecting refunds. What most of our clients don’t realize, however, is that choosing the tools in question makes it a whole lot easier to also collect their corresponding fees from their refunds! Conclusion For any kind of tax preparation business, dealing with refunds that clients need to process and take care of can make for a resulting experience that’s as complicated as they come. Thankfully, it is in situations or conditions like these where bank products can come into play and ease up the whole experience at hand without much complications or unnecessary hurdles! If you’re looking for a tax preparation business that can help your business navigate the factors that need to be dealt with during the 2021 filing season, we’ve got you covered. Get in touch with our team of experts today to learn more about how we can help you!

Millennials Tax Resolutions are tech-savvy and strive to be more financially literate than generations before them. As the largest population of the workforce that pays taxes in the United States, millennials contribute much to how American society is transforming how they spend money! Given the complexity of the financial issues that Millennials Tax Resolutions face today, especially compared to their predecessors, firms and tax preparation businesses can target them as valuable clients to work with and find solutions for. Understanding the concerns of Millennials Tax Resolutions is crucial to providing them with excellent services given their context. Failing to do so may affect your credibility and risk losing the patronage of some excellent clients that are here to stay. Here are some of the tax-related issues and concerns that millennials are facing today: They Are In The Middle Of A Transition Many Millennials Tax Resolutions are in the stages of their life where they are transitioning into adulthood and full independence. Understanding what their parents have done in the past regarding taxes may not be so familiar to this generation—especially since the current tax law allows parents to claim dependents until twenty-four years of age! Although Millennials Tax Resolutions are trying to be more financially independent, preparing their own taxes might seem like a completely foreign task. Professional tax preparation software can help in this regard, especially for tax preparers figuring out a millennial individual’s tax return. Since you’re addressing their needs via tax resolution services, it’s a great opportunity to start building a life-long partnership with you. Millennials Have Embraced The Freelance Economy What’s a millennial without working a freelance gig on top of their full-time job? Many millennials are attracted to the freedom of freelance work and the power to earn extra income on the side. They are the generation that comprises almost half of the gig economy, with estimates expected to grow in the near future. While this can help many Millennials Tax Resolutions pay their bills and afford their rent, there are tax repercussions for working solely in the gig economy. Freelancing is essentially contractual work, and in this type of employer-employee relationship, the company is not obligated to withhold taxes for you. Those working freelance might not realize that they need to pay quarterly taxes and self-employment tax, too. Working with tax preparers with the right systems can help millennials prepare for tax obligations that they may have missed out on. IRS Notices Are Not Likely To Reach Millennials The IRS typically sends notices out via mail, which millennials don’t depend on anymore. People in this demographic tend not to live in permanent addresses as renting tends to be the more popular choice. It can be terrifying to have a tax problem that has grown to large proportions by the time the IRS catches up with you—so, in this sense, tax resolution experts are of great value to millennials! Conclusion Though they live life with more flexibility in terms of jobs, homes, and technology, millennials are still very dependent on tax experts to help them navigate through a difficult world of finances and taxes. This demographic faces more challenges than previous generations did with the complicated problems of the world they find themselves in. Having to deal with tax-related and financial burdens is just another thing to add to their plate! By being ready with these expectations and the right tax software for preparers, your business can effectively and efficiently position itself to work with millennials for a partnership that will continue long into the future. Are you looking for more advice and help on managing a tax preparation business? Here at Keystone Tax Solutions, we offer clients who are starting their own tax businesses affordable, fun, and innovative products that will allow them to scale and grow. Contact us today to get a free demo on the best tax preparation software that we offer!

Running a tax preparation business requires grit, patience, and skill, but as a business, you need more than just talent to succeed. In the modern World Tax Preparers, running a business also means being well-versed with the times, especially when it comes to marketing. In other words, you’ll want to invest in digital strategies that can help you win more clients and keep a steady business flow. World Tax Preparers, however, can feel somewhat lost and overwhelmed when it comes to coming up with digital marketing campaigns and strategies. The concept of taxes has garnered a rather sordid reputation, after all, but the beauty of the digital World Tax Preparers relies on personality and aesthetics. You’ll ultimately come up with a way to package taxation is a stunning piece, one that will attract prospects. Learning how to properly use the digital tools can take time, but using it as your number one tool makes for an effective and cost-efficient investment, one that will help you get the success you need. An effective online presence allows you to generate leads, build rapport, and establish yourself as an industry leader. Here’s how: Create and share valuable content People turn to the online World Tax Preparers to learn, research, and essentially look for supporting details for their purchase decisions. You’ll want to use your online platforms as a channel of content creation, so come up with valuable blog articles for your prospects to enjoy. Creating an article on World Tax Preparers season preparation, for instance, hits two birds with one stone—you address a pain point and provide a solution, which also subtly hints at how your company can help them. Other content, such as deadline noticed, fast facts, and infographics can help, too. Posting your stand on World Tax Preparers evasion and other issues can also help you become an industry leader, but never hesitate to dive into aesthetics. Posting eye-catching visual content will help further establish your credibility—when it comes to content, the more diverse, the better! Target the most valuable prospects As a tax preparation business, you’ll want to look for the right prospects. Looking for people with an immediate need, for instance, can help you gain better and valuable prospects. Simply scouring the internet for tax queries and questions can help you find the right people, so simply connect with them. You also have the option of finding clients like your existing pools, which can be done through gathering emails and looking through your LinkedIn connections. By doing so, you’ll not only gain new clients but ones that can potentially convert into loyal customers—for your business nature, that’s more valuable than a horde of unsure prospects. Get creative through video marketing Graphics posts and text-based content are more than welcome, but video posts garner more attention. Posting live videos on your social media channels, for instance, allows you to enjoy a steady amount of newsfeed time. This enables better exposure, which can ultimately lead to comments, likes, and other forms of engagement. Although video marketing may seem unconventional for World Tax Preparers, the biggest hurdle to this creative pursuit is to simply place your brand out there. It’s the closest thing to face-to-face experiences and interactions, saving your firm time usually spent on networking meetings. Working With The Right Tools To Ensure Success When it comes to the digital landscape, patience leads to results. Keep in mind that your campaigns cannot guarantee you overnight success—it’s a long-term game, one that will require your skill, determination, and complete dedication. Your first several months will likely be unfruitful, but the key to gathering a following and engagement is to simply let it build. Coupled with these tips, you’ll be well on your way to success—your efforts will pay off. To help you further your ventures, why not support your digital marketing campaigns with the best professional tax software in the USA? In the modern world, it’s all about trusting in the right tools. Keystone Tax Solutions offers you the chance to grow and manage your business better, all with the help of our innovative platform. Book a free demo today!

We’re now in the age of entrepreneurship when almost anyone can be their own boss by running their own Tax Prep Business. With the accessibility gaining a broader audience reach through online platforms, startups can build stronger local and international followings. Although setting up a company may seem easier, that doesn’t mean that the hurdle of managing books and accounting is any simpler. In fact, the regulations for online Tax Prep Businesses can be trickier for people who want to dabble in eCommerce. This is why the demand for tax preparers is incredibly high for this niche of upstart business owners. Starting your accountancy firm: starting from the ground up The service of assisting other Tax Prep Business owners with their accounting is an advantage to startup and growing businesses. As a business-to-business (B2B) firm, your goal of handling another company’s finances has its own sets of difficulties. For example, you’ll need to ensure that your time management shouldn’t go awry even with a growing influx of clients. Most firms, especially accountancy companies, utilize digital tools to optimize their Tax Prep Business processes. Besides innovating your workspace, you should also consider thinking about the long-term practices you should maintain. If you want to service your clients well, here are three things you should know before you set up a tax prep business: #1: Establish your business entity Before you set up your Pax preparation Business, you should establish what business model and entity you want to be known as. You can either be a corporation, partnership, sole proprietor, or a Limited Liability Corporation (LLC). Defining this before you receive your clients will determine the scope and limitation of your obligations to your clients. You’ll need to fill up all the standard checklist of your firm’s needs, such as market planning, marketing expenses, and offered services. Identifying how these will affect your Tax Prep Business’ plan must always coincide with your chosen business’ entity. However, you can change the kind of entity you want to be, depending on your company’s growth. It could depend on your growing clientele or the specialization of your growing staff. #2: Reinforce your risk prevention policies Managing risk is necessary for any Tax Prep Business, especially for establishments processing sensitive personal information. Tax preparation is a rigorous process of handling different clients in various industries. Even if you stick to a particular sector for your client base, you’ll still need to ensure that your operations have the necessary security measures in place. Creating a data breach policy is more important nowadays, with the dangers of dealing with online transactions and engagements. These preventative measures must include procedures to increase your general cybersecurity and reinforce your authorization and authentication processes. Streamline a workplace process that’s accessible and safe to your staff and clients while handling their data. Ensure to update these security protocols regularly or when necessary. #3: Consider your base of operationse Ideally, it’s best to choose an option that matches your preferred target demographic. It may be more beneficial to set up an on-site office if you want to cater to local business owners. In contrast, you may save up on expenses if you choose to work in remote conditions to reach a broader demographic exclusively. Regardless of what you choose for now, having an office where you can coordinate with your staff on-site will become necessary once you start expanding your operation. Conclusion Maintaining a B2B company is a matter of curating long-lasting relationships with your clients. This is why you should have a clear idea of what your company can and can’t handle. It’s best to upgrade your systems with digital tools to take advantage of streamlined and automated processes for your operations. Doing so will increase your business’s efficiency and create quality output for your clients. Using modern bookkeeping tools is necessary for accountancy firms to service their clients with a consistent and effective business model. We provide tax software for preparers to ensure optimized data collection and documentation. Try out our free demo and find the right software subscription package for you!

Tax season will be here again in just a few months. One of the most common tax-related crimes during this season is tax Return Identity Theft. It happens when someone steals your personal information to file a tax return and claim a fake refund. As a tax preparer, the safety of your clients’ information and Return Identity Theft lies in your hands. If you do not want your clients to fall victim to tax Return Identity Theft, here are some tips on how you can avoid it. #1: Make sure that your computer is protected If you keep all the necessary client information on your computer, you need to ensure tight security and protection. Make sure you use your firewall and have updated anti-virus software. Many hackers nowadays will do whatever they can to steal information and sell it to other parties. If you do not want to compromise your client information or your company’s reputation, make sure to invest in a reliable program to fight off any malware attack. Hackers are experts when it comes to identifying people’s passwords. Never save passwords on your computer, and make sure that your password is strong, unique, and changed regularly. If you are considering selling or donating your computer, make sure to wipe the drive completely so that no one will have access to your old files. You should also consider destroying your hard drive and installing a new one before turning your computer over to someone else. #2: Keep all the information private It is not only through computers and the internet that cyber thieves attack. They can also track down your phone calls or text messages, and even your mail. To prevent any information leakage, make sure that you only discuss sensitive information in person. Do not leave traceable evidence of your exchanges on your computer. Phishing is a popular way scammers steal sensitive information. They pretend to be a trustworthy bank or financial institution, or even your family member, to ask for your personal information or lead you to click on untrusted links. Ensure you know who you are talking to or verify whether the message you receive is legitimate before taking any further action. Unless you are sure of who you are talking to, never give away any vital information. #3: Shred documents containing critical information One more way a thief can steal your information is by looking into your records. This is a critical concern, especially for a tax preparation company that keeps track of hundreds of documents inside the office. Anyone who has access to these files can immediately take advantage of them. Unless you can keep them guarded, you should shred bank documents or tax documents that you no longer need to save. Conclusion Your clients have entrusted their personal information to your company, and you should do your part in ensuring that their trust will not be put to waste. Start by implementing these three crucial tips. If things go out of control, make sure to inform your clients immediately. They should be among the first people to know about any such situation. Make tax preparation more manageable for you with the help of the cutting edge software for tax preparers. Keystone Tax Solutions developed this program to help you increase the accuracy and lessen the complexity you have to go through when preparing your client’s taxes. Contact us for more information.

Given the limited budget that small businesses have to work with, most of them spend a significant amount of time handling their federal Tax Preparations Software. However, given the constant tax law changes, it can be difficult for entrepreneurs to stay on track financially while focusing on their business’s day-to-day operations. Luckily, that’s where professional tax preparers come in, as you have the knowledge and expertise to keep up with the changing times. With professional Tax Preparations Software, you can save both you and your client plenty of time, money, and effort. Here are three advantages of using Tax Preparations Software: It Simplifies the Math Thanks to advancements in modern technology, there is now an abundance of software and online tools to speed up your Tax Preparations software process. By adopting technology into your practice, you can simplify any complicated math that comes your way, making the process of calculating deductions and credit even easier. Doing all of this by hand is incredibly tedious and time-consuming, as you’ll have to use a spreadsheet or a calculator to come up with the numbers. However, tax software for preparers does all the legwork for you while ensuring accurate calculations. That way, you can be confident in the taxes you prepare for your clients, ensuring that they’re up to date. It Reduces Risks of Human Error While it’s human nature to make mistakes, these errors can be very costly—primarily when found in Tax Preparations Software. Any missed digit or number can create all kinds of problems for you and your client, ranging from compliance to making critical financial decisions. There is usually a more considerable margin of error when completing tax returns manually, along with the added responsibility of ensuring that the information filled out is precise and organized. Given the larger amounts of information present in tax returns, it can be challenging to comb through every detail and make sure that everything is correct. It can be quite taxing—pun intended—to pore over numbers to catch any typos or any mistakenly calculated amounts. Luckily, with professional Tax Preparations Software, this isn’t necessary. Since it’s automated, it automatically completes all the calculations for you. It also automatically fills out any unique forms with your verified personal information, allowing it to complete remote signatures and offer paperless office capabilities. It Saves Time Professional Tax Preparations Software comes with an incredible number of features that can make your work simple and straightforward. Our tax software, in particular, comes with unlimited software training, a quick tax estimator, web reporting, audit protection, and many more. You no longer have to manually source these, as the software essentially serves as your one-stop-shop for all your Tax Preparations needs. As a result, you save hours upon hours. If you use the same tax preparations software every year, you won’t have to input you or your client’s personal information each time, which also lowers the risk of errors or typos in tax forms. With tax software, you’ll enjoy a less stressful experience in preparing taxes for other people. Conclusion Dealing with any missed calculations or errors in tax preparations is nerve-wracking, mainly when it implies expensive consequences for you or your client. Fortunately, by using tax software, you won’t have to worry about inaccuracies or missed information. The software will do all the complicated calculations for you, allowing you to rest easy and feel confident about your work. Keystone Tax Solutions offers professional tax preparation software to tax preparers, making the process easier. Designed for small and large tax offices, it includes all 1040, Sch C, and state. With an incredible amount of features, you’ll have everything you need to grow your tax business. Contact us today to learn more about our software!

With 658,267 active certified public accountants (CPA) and a nine-billion dollar market, the American Tax Preparation Practice industry is undoubtedly the biggest and most active it’s ever been. As the number of businesses needing help with their financial processes continues to grow, so does the demand for quality service providers that are capable of making a world of difference with their expertise. For Tax Preparation Practices, times like these (even amid COVID-19) yield a critical opportunity to grow and scale one’s operations for ahigher chances of profitnd bigger market shares. If you’ve been running a practice for a while now, you’re probably no stranger to the fact that your services and expertise are more valuable for businesses of all kinds now than ever. However, it’s also worth noting that the same reality applies to tens of thousands of other practices that offer the same services you do, which means growth and profit don’t come so easily. The challenge of growing a successful Tax Preparation Practice At this point, you’re most likely going over the current state of your Tax Preparation Practice and wondering how you can combat the high competition level and burnout rates along the path towards growth. Compared to the olden days of Tax Preparation Practice, where growth could be best remedied by adding more clients into the equation, raking in more opportunities must be approached in a more strategic manner today. Over time, you’ll quickly realize that looking into the details of growing your Tax Preparation Practice can help considerably with attaining remarkable results. Fortunately, you won’t have to get confused with all the different details because we’ve got you covered with this guide on all you need to know about growing a successful practice: Tip #1: Pay attention to the way you market your practice Seeing that more customers and clients are relying on the Internet to keep themselves up to date with all the information they need to know, it’s safe to say that the web bears the best chance of more leads. Although there are a handful of accounting firms that are trying to adapt to the wave of digital change that’s coming about, the reality is that not enough of them are aware of the difference that social media makes. However, marketing isn’t a strong suit for most CPAs because they don’t have as much experience or training as they should in this area. Thankfully, if you don’t have the necessary resources or skills to build your firm’s marketing efforts to stand out from the firms around you, there’s no need to worry because you can always outsource! Tip #2: Invest in digital means Aside from the greater need for a social media presence, today’s technological age has affected any Tax Preparation Practice shot at success because of the many opportunities for efficiency. Thanks to the abundance of different tools that are made available to all firms today, CPAs no longer need to spend a chunk of their working hours on minor matters that bear opportunity costs. This is because Keystone Tax Solutions’ professional tax software will allow you to save more time on smaller tasks so that you can shift your focus to opportunities for growth! Conclusion It is critical for any tax preparation practice to ensure that every opportunity for growth is taken because of how competitive the industry itself can get and how common burnout genuinely is. With the help of the two tips mentioned above, you can best prepare your firm for a future of success without running into unwanted hurdles or costly trial-and-error periods! If you’re looking for a tax preparation business that can help your business navigate the factors that need to be dealt with during the 2021 filing season, we’ve got you covered. Get in touch with our team of experts today to learn more about how we can help you!

Of all the individuals taking part in the business world, those who are self-employed enjoy the most significant benefits. Not only are they able to run independent businesses, but they are also free to make decisions on their own and be their boss, which is especially true for Home Based Tax businesses. That being said, one of the most lucrative industries you can start a new business in is the tax industry. There are many reasons for this. For example, you can earn more money per hour compared to other careers, and you can start the job at home. To tell you exactly why you should start a new Home Based Tax business in the tax industry, we will go over all the benefits of doing so: 1. Potentially make a lot of money Starting a Home Based Tax business will involve minimal costs. The most significant benefit to this is that you will not have to push your prices too high and still make plenty of income. To give you an idea of what you can expect to be making, a tax professional can make roughly a hundred dollars every hour. If you work for eight hours every day, this means you can make around $4,000 every week! Of course, you will not earn that amount when you first start, as you would still be building your client base and learning the ropes. However, you will eventually get there with time and effort. 2. Can act as an additional stream of income People are always looking for additional income streams for various reasons. Regardless of their reason, a good option for an additional stream of money is with a Home Based Tax business. If you are already part of another business, a tax business can be integrated into your current one. For example, if you are already running a business for lawn care, tax solutions can easily be added to your line of offerings. That is because they can pair well together and do not get in each other’s way. 3. Cheaper to start than other ventures As previously mentioned, a Home Based Tax business involves little overhead. In addition to that, you can avoid many other costs that other ventures may run into, such as start-up fees, royalty payments, advertising fees, and contract requirements. All you need to do is learn how to use tax software and train yourself to be more proficient with taxes. After that, you can get started offering your services to your growing clientele. Conclusion These are just some of the many benefits of starting a home-based tax business that you can enjoy. If these are not enough to convince you, think about all the holidays you will be able to enjoy for yourself and the ability to schedule your own work time. That said, since times are especially tough now, having a job such as this for job security is priceless. If you are an entrepreneur looking to make an ideal living, we recommend starting a home-based tax business! Keystone Tax Solutions offers affordable and effective tax software in the US for professionals to maximize their services and more. If you require tax software for preparers to use in your new business, check out what we have for you.

The Fundamentals of an In-Home Tax Preparation Business Nowadays, thousands of independent Tax Preparation Business are operating from within a single household. If you have ample experience preparing tax returns as a full-time employee and feel you’re ready to spearhead operations, why not start a business on your terms? The U.S. tax code is complex and ever-changing, which means your services are more than likely to come into demand. Operating an in-home tax preparation business allows you a steady income with significant flexibility—here’s all you need to know. Who Qualifies as a Professional Tax Preparation Business? Just because you’re good with numbers doesn’t necessarily qualify you as a licensed tax preparer. However, applying for an IRS Preparer Tax Identification Number (PTIN) isn’t typically a grueling process. All tax professionals will demonstrate varying levels of skill and education. What separates preparers from other practitioners is their representation rights, whether limited or unlimited. 1. Unlimited Representation Rights Tax Preparation Business with these types of rights are usually: Enrolled agents who have passed an IRS exam and demonstrated proficiency in tax return preparation, federal tax planning, and representation Licensed and certified public accountants Licensed attorneys Tax Preparer Business with unlimited representation rights can tackle any matters from audits, appeals, payments, and collections. 2. Limited Representation Rights Preparers with limited representation rights don’t have the credentials of enrolled agents, CPAs, or attorneys. As such, this population consists: PTIN holders without professional credentials and who don’t participate in the IRS’ Annual Filing Season Program – they are authorized only to prepare tax returns Annual Filing Season Program participants who have enrolled in the voluntary program to achieve a higher level of professionalism – they can only represent clients who they’ve already prepared returns for What is a PTIN? A Preparer Tax Identification Number (PTIN) is required of all tax professionals who prepare federal tax returns in exchange for compensation. This unique, 9-digit number allows the IRS to identify professional preparers according to taxpayer data. PTINs are free but need to be renewed annually.    When requesting a PTIN from the IRS, tax preparers must provide their social security numbers. They obtain their 9-digit code online in as quickly as 15 minutes. If submitting a W-12 form by mail, the process can take much longer, between four to six weeks. Do Professional Tax Preparers Need Special Training to Qualify? Tax preparers obtaining a PTIN don’t need to undergo any specialized training or certification. Furthermore, the IRS itself offers federal income tax return preparation services for pay. Despite the lack of a need to obtain a license, tax preparers must have a thorough understanding of the U.S. tax code. If you lack experience in tax preparation, don’t hesitate to advance your skills through an online course or class. Conclusion Despite an obligation to do so, nobody likes filing their taxes. As such, those who do have ample opportunity to take over the responsibility for busy-bodies who would rather concern themselves with what matters most to them. Tax preparation is seasonal, which allows you to explore other revenue-generating experiences throughout the year. Get started on your tax preparation business with professional tax software from Keystone Tax Solutions. Our all-in-one system’s thousands of diagnostics increase accuracy while easing complicated features and streamlining your process.

Understanding Basic Guide There’s no doubt that tax season can take a toll on anyone – from start-ups to the team of CPAs working at a Fortune 500 company. Either situation calls for the help of experts to get the books and numbers in order. Still, for a first-time tax preparer looking to break into the industry, what are some factors you need to consider getting your business going smoothly? One of the first steps to get your business started on time for the upcoming tax season is to obtain all the requirements, such as your Electronic Filing Identification Number (EFIN) and Prepare Tax Identification Number (PTIN). Here is what you need to know about registering for an IRS EFIN PTIN: First, What is an Electronic Filing Identification Number (EFIN)? An EFIN is issued by the IRS, which is assigned to individuals who are authorized as IRS e-File providers. Completing the e-File applications will lead to the second confirmation email from the IRS, which contains the acceptance letter with the EFIN attached to the message. What Should You Include on the e-File Application? The application should have Understanding Basic Guide Responsible Official tag, which notes that you can handle the e-File operation from the designated EFIN. Consider this as the first point of contact with the IRS, which gives you the responsibility to manage all the returns e-Filed from where the EFIN is assigned. Other requirements include the following: Principals such as the sole proprietor to act for the tax matters. Partnership with five percent more interest. The President, Vice-President, Secretary, or Treasurer for a corporation. Keep in mind that the process of becoming an Authorized e-File Provider can take up to 45 days, so be sure to apply early if you want to beat the clock once the tax season hits. What are the EFIN Requirements? Anyone filing beyond ten tax returns must file electronically since the new mandate way back in 2011. As mentioned above, you must first apply to earn your authorization as an e-File Provider with the IRS and get approval for an EFIN. IRS EFIN PTINs should not represent electronic transmissions from multiple locations, especially when the preparer was given a “fixed” site. Only mobile preparers with an “other than fixed” location may cover different areas. After submitting your application to become an Authorized e-File Provider, you also need to submit a credit check, criminal background check, tax compliance check, along with your fingerprint. You also need to include your previous non-compliance e-File requirements with the IRS. What is a Professional Preparer Tax Identification Number (PTIN)? Once you become an official tax preparer, you need to apply for a PTIN since it is a critical identification number necessary to submit U.S. federal tax returns to the IRS. This requires a yearly renewal, often expiring by the 31st of December, so it’s better to get a renewal a month or earlier before since the process can take between four to six weeks. What You Need To Apply for a PTIN To apply for a PTIN, you need to provide some personal information and details about your previous tax returns. This includes your Social Security Number, personal contact information, business details, and information from your previous year’s individual tax return. You will also answer a few questions about your tax obligations and any potential felony convictions. Remember, it’s important to be truthful because the IRS reviews applications for accuracy. The Bottom Line: The Road to Becoming a Responsible and Successful Tax Preparer Understanding Basic Guide Tax season is quickly approaching, so before the deadline comes any closer, the guide above should help bolster tax preparers for a smooth-sailing business next year. How Can We Help? Dealing with taxes can be challenging for anyone, even as an expert tax preparer. If you’re looking for innovative solutions that can streamline your tax preparation process, our professional tax software for CPAs can help simplify matters for you. Our affordable technology can empower tax preparers and help you start a tax business with no EFIN or PTIN numbers, so get in touch with us today at 1.800.504.5170 to see how we can ensure your tax business is booming. 

Becoming an authorized IRS e-file Provider lets you increase your productivity, save money, and provide quality services that taxpayers expect from you. It allows you to file tax returns online, eliminating the need to fill out the form and promoting convenience and efficiency. Before reaping these benefits, you have to apply for an Electronic Filing Identification Number (EFIN). An Electronic Filing Identification Number is a-six digit number assigned by the Internal Revenue Service (IRS) to businesses or organizations like yours to identify those that have completed the e-File application. It takes about 45 days to get an EFIN, so be sure to get started well in advance of tax season. How Do I Apply for an EFIN? Create an IRS e-services account The first step to becoming an authorized IRS e-file Provider is creating an IRS e-services account. It lets you interact with the IRS online. When learning how to get an EFIN number, you have to provide the following information: Your full legal name Your social security number Your date of birth A valid phone number Email address Your home mailing address Adjusted Gross Income from the current or prior tax year Afterward, create your username, password, and PIN, and choose and answer a security reminder question. Make sure that every principal and responsible official in your firm signs up for e-services. Confirm your registration within 28 days of receiving your confirmation code in the mail. Take note that this entire process can take several days, so plan accordingly and provide accurate and factual information. Submit your application to become an authorized e-file Provider After getting approved for e-services, your tax preparation business can begin your application to become an authorized e-file Provider. This application process is time-consuming and can take up to 45 days for approval. Submit identification information for your tax business, select your e-file provider option, and include details about every principal and responsible official in your firm. Don’t forget to add current professional status information of those who are certified or licensed in your company, and ensure that they provide their fingerprints to the IRS. Undergo a suitability check The IRS will perform a suitability check for your tax business and do a thorough review of every person listed on your application. You can expect to undergo a credit check, a tax compliance check, a criminal background check, and a check for prior non-compliance with IRS e-file requirements for your officials. After you have fulfilled all the requirements and your EFIN has been approved, you will receive an acceptance letter from the IRS. Begin E-Filing With Your New EFIN After receiving your EFIN acceptance letter, you’re officially an authorized IRS e-file provider and can now start e-filing returns. You must maintain compliance with IRS e-file regulations and policies to avoid any issues that could lead to suspension or revocation of your acceptance. Keep your information updated, report any changes, and renew your EFIN annually. Where Can I Ask for Application Assistance? The entire application process for obtaining an Electronic Filing Identification Number is tedious and lengthy. As tax preparers, you may opt to spend your time accomplishing other important business-related tasks than handling your application. You can seek EFIN assistance from a reliable company like ours to free up your time and focus on more pressing matters in your business. Conclusion Acquiring an EFIN lets you electronically file tax returns and enjoy other benefits. From creating your e-services account, submitting your application, and undergoing a sustainability check, the entire process takes up too much time and can be stressful. Seeking application assistance lets you become more efficient and helps you grow your tax business. Work with our company to propel your business forward. We offer EFIN application assistance and professional tax preparation software in the US. Contact us to get a free demo now!

Aspiring Tax Preparer are deemed paramount in today’s modern world, and no one should get away without paying them. Whether you’re an entrepreneur running a business, an employee working for a company, or a consumer buying some goods, you are subject to making a financial contribution through taxes. As you may or may not be aware, they are imposed by the government, typically used for the government’s spending and various public expenditures. As the government requires them, you might be looking to work as a Aspiring Tax Preparer specialist to help individuals and businesses prepare and file their taxes. If you are planning to go down this career path, here are four key routes you can take as an aspiring tax preparer: 1. Enrolled agent Getting certification through the Internal Revenue Service (IRS), an enrolled agent is primarily focused on Aspiring Tax Preparer planning and preparation. Some agents are specialized in tax resolution as well. With the practice rights granted by the IRS, you can handle various tax-related matters and represent clients. To earn this title, you must 1) work in the IRS for at least five years, 2) pass the three-part Special Enrollment Exam (SEE) and the background check, and 3) complete 72 hours of continuing education every three years to maintain your status and practicing right. 2. Aspiring Tax Preparer attorney The legal world has various specialization areas—from criminal and family law down to civil rights law. However, you must have a law degree and pass the bar exam. Some legal professionals are specialized in taxation, where they can choose a focused area, such as business Aspiring Tax Preparer, corporate tax, estate, and gift taxation, finance, international tax, federal taxation, or successions. This field is something that’s worth pursuing, as this is such a lucrative career choice. Not only will you prepare taxes for clients, but you will also represent those involved in a tax-related court case. 3. Certified public accountant (CPA) These professionals need to have a degree in accounting, must pass the board exam, and earn some certification set forth by the state. They are also required to complete the continuing professional education (CPE) credits each year. It’s common among accountants to specialize in Aspiring Tax Preparer planning and preparation later on. If you want to take this route, you’ll be helping businesses and entrepreneurs manage their finances and file their taxes as well. 4. Aspiring Tax Preparer specialist with no certification This last option is where you don’t need to have certification to earn the title and become a tax specialist. In fact, you don’t need an official license or title to prepare taxes per the current legislation. In this case, you can practice certain official obligations, such as preparing and planning tax-related matters but not necessarily going beyond them, such as representing clients in the court. Conclusion At this point, we’ve covered the four routes you can take as an aspiring tax preparer—an enrolled agent, tax attorney, certified public accountant, or tax specialist with no certification. If you plan to take on one of these routes, it’s best to invest in software for tax preparers so that you can make your tasks more streamlined, efficient, and accurate for the benefit of your clients! We’re specialized in providing professional tax preparers software designed to help your business grow and flourish. If you’re specifically looking for software for taxes, get in touch with us today for a free demo!

Building your credibility as a Individual Tax Refunds preparation business takes more than just having a sufficient understanding of tax laws and completing tax returns accurately and on time. To become a professional tax preparer who stands out in the industry, you must come up with creative solutions to save your clients’ money. Learning how to boost your clients’ Individual Tax Refunds is part of gaining a competitive edge. It leaves them with extra cash they can either save or reinvest. This way, you can give them satisfactory customer service and enjoy a consistent client base that’s happy with your business. Here are some ways to help them get a big tax refund: Double-check their tax deductions Many taxpayers are unaware that many tax deductions exist, leading them to pay more than they owe. To prevent this mistake, refresh your memory about existing tax deductions. Your client may qualify for certain commonly overlooked deductions that can make a significant difference on their Individual Tax Refunds. Rethink their filing status Single clients If a client is an unmarried taxpayer who claims a qualifying dependent, cutting their Individual Tax Refunds bills is possible by filing them as Head of Household instead of Single, as long as they meet the requirements. This offers them a more favorable tax bracket and a higher standard tax deduction. A qualifying dependent can be a child or an elderly parent being financially supported and who lived with the taxpayer for more than six months. Unfortunately, many taxpayers who care for their senior parents don’t realize they can claim Head of Household status. Ask your client if they provide more than half of their parent’s financial support. If they do, they can file as this status even if they don’t live with their parents. Married clients Choosing a filing status is one of the first decisions you and your client should make when completing their Individual Tax Refunds. This is crucial because it can impact their refunds’ sizes. For instance, if they are married and they file jointly annually, a joint return is not always the best option. Filing separately for married couples requires more effort and time. Both spouses must also take either the standard deduction or itemize their deduction. Mixing and matching between the two returns are not allowed. While the process can be tedious, choosing to file separately can let your clients enjoy bigger tax savings and might allow for a larger deduction under the right conditions. However, remember that it can have drawbacks, such as losing certain deductions available to joint filers. As a professional tax preparer, it’s your responsibility to weigh the options carefully to help your clients maximize their refund potential. Using a tax preparer software like ours can help you have a smoother and more convenient tax preparation process. We offer various options and programs to fit your tax business needs. Conclusion It takes more than just completing forms and following rules and regulations to stand out in the tax preparation business. To provide complete satisfaction for your clients, it’s advisable to try some of the tips mentioned above. You may also consider investing in professional tax software for a more hassle-free and efficient process. At Keystone Tax Solutions, we offer a top-notch and professional software for tax preparers in the US. Get a free demo now!

The Tax Preparers Guide season is fast approaching, meaning you need to get ready to perform at your best as a tax preparer. You also need to concern yourself with the best practices and tools to make sure that your clients are happy. But what exactly should you put into practice as a Tax Preparers Guide professional? This guide will discuss key Tax Preparers Guide season tips that you need to survive the upcoming tax season, complete all your clients’ tax records, and gain more referrals. Take this opportunity to rethink your current tax preparation job and upgrade it with the best cost-efficient and time-saving solutions. 1. Start as early as possible You should never procrastinate as a Tax Preparers Guide preparation professional because doing so can negatively influence your clients to submit their tax returns late. It affects your services’ accuracy and effectiveness, costing you valuable time and clients who deserve better services. As an effective preventive measure, start your tax computations early and request bank statements and other crucial Tax Preparers Guide information from your clients in advance. Doing so will enable you to maximize your time well to service more clients, meaning more revenues to sustain your career. 2. Maintain open lines of communication with your clients Your clients may provide you with all the documents you need, but there may be last-minute changes. At times, it can be their fault or an error at your clients’ banks. That’s why you should keep your lines of communication open with your clients for valuable updates and clarifications. One of the best ways to maintain open communication is to provide clients with your business card or contact information. Preferably, you want to list your email and landline number to keep your Tax Preparers Guide services strictly professional and accessible.Through professional communication, you can minimize errors on your clients’ tax records and maintain your professional relationship with them. 3. Manage your time well Your number-one resource as a Tax Preparers Guide is your time. There are often not enough minutes to tabulate and provide consistent services to all your clients. You may also find it challenging to allocate time for error checking, client consultations, and other tax-season related concerns. For your convenience, use a watch and determine the amount of time it takes for you to complete a client’s Tax Preparers Guide records. Doing so allows you to allocate each minute effectively and focus on high-quality services rather than wasting time on ineffective Tax Preparers Guidemethods. Keep a record of the time you spend throughout the tax season to work through your strengths and weaknesses. 4. Use professional Tax Preparers Guide software and find other tax preparation solutions You may commit yourself to your job as a Tax Preparers Guide, but there will always be room for errors and improvements. That is why you should always be on the lookout for the best tax preparation solutions, such as software and tax preparer-dedicated training. Partner with us at Keystone Tax Solutions to determine how you can take your tax preparer’s career to the next level. Conclusion Tax season may be fast approaching, but you can do your job as a tax preparer to the best of your abilities. You just need to take advantage of the best practices to provide high-quality services and maintain your good reputation. Take note of all the previously mentioned tips and go through tax season effectively today. Keystone Tax Solutions provides you with the best US-based eFin solutions through our award-winning professional tax preparers’ software. We also offer other related services, like audit protection and training, to equip tax preparation professionals like you. Use our all-in-one software today and contact us to prepare yourself for tax season.

Thriving Tax Preparation is a growing industry in the U.S. Services for completing and filing government forms are responsible for more than 82 million income tax returns and generate about $9 billion in revenue. According to the Bureau of Labor Statistics, tax preparation is growing at an average of ten percent per year, with 1.2 million professionals in the industry. What does Thriving Tax Preparation entail? Tax preparers have four primary responsibilities. They interview the client, gather the information for the return, complete the forms, and file them. This type of business covers everything from W-2 and 1099-MISC forms to health care coverage and deductions. Preparers use tax return software to help them fill out forms to make the job quicker. They also use their expertise in looking for deductions and other tax-saving opportunities for their clients. Why do people hire tax preparers? Many taxpayers would rather pay for services rather than file their tax returns. Hiring someone else would make the filings more accurate, which means fewer chances of auditing. The tax code is also complicated; the federal tax code alone has more than 70,000 pages, making filing impractical for business owners. If you are thinking of establishing a Thriving Tax Preparation business, here are things you should keep in mind. Do you have the capabilities and training? Aside from an inclination towards or skill in numbers, you need to train to become a tax preparer. It means you need to invest at least 60 hours of training in classes starting from $150. This business involves helping other people, which means fostering relationships through your skills. Do you have the right credentials? In some states like California, Oregon, and New York, Thriving Tax Preparation is a regulated industry. The IRS is working on an accreditation program, and soon tax preparers would need to register as government-recognized tax professionals. In the meantime, there are the IRS PTIN or Preparer Tax Identification Pin and the EFIN, or the Electronic Filing Identification Number (EFIN). Do you have a network? If you already have prospective clients, that’s great. However, if you’re starting from scratch, you need to find people to serve. The Tax Business Owners of America, which has 7,000 members, is one place to find prospective clients. You also could network through LinkedIn or look through lists of associations catering to business owners. Do you have what you need to start the business? Tax preparing businesses must prepare things that other enterprises have. For example, the owner should have an EIN or Employer Identification Number, a business address, and registration as an LLC, corporation, or sole proprietorship. An attorney can help you prepare these. Besides the paperwork, you will need Thriving Tax Preparation software, computers, scanners, printers, and other technology. Do you have a business bank account? You should allow the processing of payments on Visa and MasterCard, and business bank accounts enable that. Business accounts also allow expense tracking and reinforce your image as a professional. Conclusion Starting a Thriving Tax Preparation business does not take a lot of financial investment. What it does need is time and attention. If you take the time to develop it properly, though, you will have a robust enterprise that people will need for many years. Get your business off the ground with Keystone’s award-winning tax software. Don’t overpay for services that won’t do the job; our product lets you perform unlimited e-filing for unlimited users, with absolutely no hidden fees. Get a free demo now or contact us today for more information!

Business Tax Strategy Despite its apparent repercussions, the COVID-19 pandemic is moving industries forward through internal technology and client engagement. In particular, for corporate Business Tax Strategy departments, remaining functional means taking giant leaps instead in tax software instead of incremental steps. However, current technology isn’t an all-purpose solution to department problems that still require some strategizing. What Problems are Corporate Tax Departments Facing? Notwithstanding its unmistakable benefits, many Business Tax Strategy department leaders continue to place new technologies on the back burner for fear of cutting too deep into their budget. Though a necessary component for pandemic success, tax departments are having trouble integrating and optimizing automation processes. Business Tax Strategy department heads are overlooking a need to evolve its technology ecosystem according to growing business needs. Some purchase new equipment and software for Business Tax Strategy preparers without making a deliberate effort to integrate them. The current average spends on new technology accounts for 10% of tax department budgets, yet leaders fail to strategize them. What Comes After Selecting the Right Technology? State-of-the-art technology serves no purpose if departments don’t know how to use them. The journey doesn’t start and end with the selection and purchase of new hardware or software. When it comes to delivering on a department’s objectives, technology is a mere enabler. Doing without a strategy is a recipe for disaster. Beyond selecting the appropriate solutions, managers need to commit to learning about these products and implementing new business processes as the technology evolves. Determining how useful a tool can be means understanding your staff’s skills and how they interact with new technologies. Get to know your company culture before shopping for new Business Tax Strategy. Familiarizing yourself with how your employees tolerate and respond to change can inform your choice. More sophisticated tools don’t guarantee a shot to success. The less training and investment your department makes up-front, the less likely the tool will meet your business needs over time. How Your Business Should Approach New Tax Technology The first step towards incorporating new tax software into your department is to know how it’s performing, to begin with. Sometimes, new technology is unnecessary. Other times, it’s the keystone to success. Align your goals according to what this new software promises to achieve. If you’re delegating too much of your workforce towards administrative tasks that can easily be automated, software with paperless office capabilities might be appropriate. Always get organized before you start. This means gathering your year-end Business Tax Strategy forms and glossing over relevant reports. If you’re already employing specific financing tools, make sure to update information as you import them into your new software. Conclusion The answer to seamless pivoting and adapting is preparing for the worst well in advance. This isn’t to say your expectations should plummet, but that you have a contingency plan in place for unexpected changes. Your Business Tax Strategy computing and preparation software is only going to be as good as the person behind it. To increase accuracy and ease complexity, get to know your tools before distributing them. With Keystone Tax Solutions, financial recovery is right around the corner. Our professional tax preparer software is intuitive, simple, and comprehensive. Whether you run a department of 50 or 500, our unlimited software training can help satisfy your immediate goals.

As a tax preparation business, you’ll want to make sure that your Great Client Retention keep coming back. Client retention should be a priority in your overall marketing strategy. Loyal clients are often satisfied clients who are likely to tell other people about your company. Providing the most optimal customer experience possible is an excellent way to help you achieve your business goals. Finding creative ways to keep your Great Client Retention coming back can be a bit of a challenge. As the new tax filing season approaches, this presents a prime opportunity to attract new Great Client Retention while caring for your current ones. Here are three great strategies to create loyal and happy clients: Stay in Touch It’s always a good idea to stay in touch with your Great Client Retention , even when the tax season is months away. That way, once it’s finally time to file taxes, they’ll immediately think of you. If you haven’t been reaching out to your clients, now is the best time to start getting in touch with them. A great way to do this is by offering a Great Client Retention loyalty discount program. For example, offer them a 5 percent discount for each year they return and cap it at a 20 percent discount. When you send this to clients, tell them that it’s a way to show your gratitude for their past business, and reward them for their loyalty. That way, you’ll encourage them to return without cheapening your services. If you have any special news that will help clients, send them an email about it—the more informative, the better. If there were any significant changes in tax regulations, that’s something they will need to know. You can also add in tax tips, which Great Client Retention will always appreciate. The point of staying in touch is to remind your clients of your business and show them that you care. The more valued they feel, the more likely they’ll return to you for tax preparation. Ask for Feedback Providing the best customer experience possible is crucial for creating a loyal Great Client Retention base. They can offer valuable suggestions that will help you provide better service while eliminating as many pain points as possible. These insights will also help your business stay sharp, giving you an edge over your competitors. Clients also appreciate it when they feel heard. When they see a business put their recommendations into practice, they’ll feel like they made a significant contribution as well, which will help establish a deeper relationship between you two. Offer Year-Round Services Staying active even outside of tax season is a great way to increase your income potential. You could do this a few ways, and one of these is by offering an autumn check-in with your clients. This service can help them feel more comfortable and prepared for tax season while ironing out any problems they might have encountered. Sweeten the deal by packaging the check-in with early bird discounts. The chance of saving a little more on essential services may have your clients jump right back into your business. These discounts might even nudge the worst procrastinators among your clients. Conclusion Factoring these three client retention strategies into your overall marketing is a great way to expand your practice. Attracting new clients and caring for your current ones is vital for growing your business. Marketing to existing clients is much more cost-efficient, as it takes less effort, time, and money to reach them. With these strategies, you’ll be enjoying a loyal client base that will help you scale your tax preparation company. Keystone Tax Solutions offers professional tax software designed to grow your tax preparation business. We’ve been the industry leader with more than 15 years of experience, helping thousands of tax professionals start their own business. With our flexible packages and unbeatable prices, you’ll find the solution to your every tax business need. Try our partnership packages today!

Time Management Preparing and money go hand in hand. For the most part, you will need ample time to make money, which also applies to building your business. As an owner or accountant, you need to use your time wisely to manage your finances and boost your business’s productivity. When it comes to business and accounting, one facet that requires good Time Management Preparing is the tax season. You need to be on your toes to keep track of your business finances and record every transaction all year round. When the tax season comes around, you will then need to submit all the paperwork and file your company’s taxes. In this article, we’ll share with you six Time Management Preparing tips on how to prepare for the tax season: Focus on the most importantOne of the best productivity and leadership books, 7 Habits of Highly Effective People published by Stephen Covey, conveys this relevant message: “Put First Things First”. This focuses on the idea that you should prioritize the most important tasks. In this case, you must categorize your tasks from the most urgent and important to the important but not urgent down to the not immediate and insignificant tasks. When it comes to accounting, an order of priority can make all the difference in determining how effectively you can accomplish any duties. Plan ahead and set a scheduleWhen it comes to having the utmost productivity and delivering on time, planning can make all the difference. It’s best to set a schedule the whole year round, from recording transactions to filing tax paperwork down to the actual filing of taxes. Ultimately, it’s better to be prepared early on than to be sorry later! Eliminate distractions and foster the utmost focusEfficient work entails having the utmost focus and concentration. Multitasking is now dead in the business world as employees are more productive when they focus on what they do. Having the utmost concentration involves fostering an ideal working environment, and this will require you to eliminate all distractions. Take advantage of technologyThere’s no denying the power of today’s technology. For your tax preparation, why not take advantage of the current tools and apps? Keep in mind that various accounting and tax reporting resources are available in the market that you can invest in. Instead of manually doing the bookkeeping, you can use technology to make this process and tax filing much faster and more efficient! Get help from the accounting expertsApart from utilizing tools and apps, getting help from the expert can make all the difference. Even if you’re running a small business, managing your finances and filing taxes by yourself can be a bit complex—hire an accountant instead! With their industry knowledge, skills, and level of expertise, you can expect them to deliver on time with the best output. Take care of your overall well-beingAccording to researchyou’re more effective and productive when you’re happy. This is why an integral part of Time Management Preparing is taking good care of yourself by eating properly, exercising regularly, having enough sleep, and maintaining healthy relationships. Ultimately, the better you are in all your aspects of life, the more you’ll accomplish! Conclusion At this point, you now know how to use your time wisely to prepare for the tax season. As outlined above, all it takes is to focus on the most important, plan ahead, eliminate distractions, take advantage of technology, get help from an accounting expert, and take care of your overall well-being. With all these in place and mind, your time management skills will make your company or business 100% prepared for the tax season and what lies ahead! Are you looking for software for taxes? We’ve got you covered with our best professional tax software designed to help your business grow and flourish. Connect with us today for a free demo!

Tax preparation Migrating Tax Software has revolutionized how people file their taxes. Many people can pay to outsource their tax filings to a capable accountant. Due to the demands of filing tax returns, technology has not only helped competent tax preparers to become more efficient, but also make it possible for them to process a tremendous amount of information in a short period of time. Most anyone who prepares tax returns relies on some version of Migrating Tax Software to complete their job efficiently and accurately. As regulations change and as technology evolves, there comes a need to improve the system, and sometimes it involves migrating to a completely new one. Adopting new technology when you have gotten used to a particular way of doing things isn’t easy. However, sometimes change is necessary to increase productivity and reduce difficulties. If you are planning to migrate to new Migrating Tax Software for your financial services company, here are some critical questions that you should raise before deciding on which new Migrating Tax Software to adopt: How will this improve my current processes?The ultimate goal of systems migration is to improve your operations. Any time you decide to change processes, you need to understand what value it can bring to your company. If a vendor can precisely outline what benefits you will experience with new Migrating Tax Software, there’s more to convince you that it’s worth the investment. How much time will data integration take?Depending on the size of your client base and the format of your existing data, integrating will take time. The amount of time will depend on the capabilities of the new system. Be sure to verify if you can run the old and new systems in parallel, so you don’t experience any downtime while moving from one Migrating Tax Software to another. Without continuous access to your data, you may not be able to serve your clients’ needs as well as you should. What sort of user support will they provide?The ideal software provider will not only supply you with a solution, it will help you implement it as well. There are bound to be hiccups as your team migrates to the new tax preparation program. Inquire about technical support and what sort of assistance they can provide during the transition period and beyond. Is there an option for a cloud-based solution?Remote working is a reality many companies have to live with. A cloud-based solution will allow your organization to work and access information from anywhere in the world with a stable internet connection. If you want to reach more clients and maximize your employee’s flexibility, you will want a platform that can operate on the cloud. Can I do a trial run?You can never really understand the value of a product until you try it for yourself. Ask the vendor candidates to provide a demo or a limited trial that allows you or your accountants to access the features. A test drive can help you decide if the solution offers any significant improvement from your existing one. Conclusion If your potential vendors can help you address these four major concerns, you might find it worthy to migrate to their new solutions. Any time you switch to new software, keep in mind that your organization will take time to adjust to the new way of doing things. Some systems migration processes take months to years to implement, so don’t make the decision to change your system lightly. Take time to understand what the tax preparation software offers before deciding if it’s right for your business. Software solutions should improve your processes, not slow them down. Try an affordable and scalable solution like Keystone Tax Solution’s All-In-One software package. It’s a complete tax preparation software that comes with year-round customer support to make the transition easier. If you are looking for professional tax preparation software, you can’t go wrong with our innovative and cutting-edge cloud-based solutions. Let our software help you grow your business and scale your operations seamlessly. Visit our website and schedule your free demo today!

Many businesses can agree that taxes are complicated to handle. Not only do tax requirements differ from one industry to the other, but each country also has unique tax laws. However, the complication does not end there Cloud Based Desktop. Deciding what to use to handle those taxes can also be quite a challenge. For some businesses, desktop-based tax software has been their go-to solution for their tax needs. For other companies, an in-house solution may be too expensive, and they may not have the expertise to use it. In such cases, a Cloud Based Desktop tax software might be a better solution, considering its affordability, scalability, and features. Are you torn between using a desktop-based versus a Cloud Based Desktop tax software? Here is why you may want to choose one or the other. Cloud Based Desktop tax software As the name implies, Cloud Based Desktop tax software is located on a server and is generally hosted by a third-party. Such a solution means that you do not need tax software installed on a computer. Instead, you just need devices that can access the remote server. This solution provides plenty of advantages. For example, multiple devices can access the software at once. This means that you can access the same software and work on the same documents, whether on a phone or laptop. Another great advantage is its mobility. As long as you have a connection, you can work on your taxes no matter where you are. Other advantages include automatic backups, which can come in handy should data loss occur. Additional features also include automatic updates and security, providing the safest and most secure platform to work on your taxes. Desktop-based tax software Unlike Cloud Based Desktop tax software, desktop-based tax software is installed on the devices themselves. While it may not have some advantages like its counterpart, such as automatic backups and the like, it performs better in other aspects. For instance, a significant advantage that desktop-based tax software offers is its more comprehensive range of features. That is because desktop-based tax software has been around for much longer than Cloud Based Desktop versions, meaning it has undergone more development. Additionally, some desktop-based software can specialize in specific fields, providing you with the exact tools and features you need to complete a task effectively. On that note, some desktop-based software tools can integrate into a network. This means that multiple devices can use the software at once without requiring a server. Conclusion Put simply, cloud-based tax software offers a little more quality-of-life advantages compared to desktop-based tax software. However, the differences are minimal, and the gap between the two is ever-shrinking in size as technology improves. On that note, you will still need to decide whether you want to opt for cloud-based or desktop-based software. Fortunately, picking one is as simple as identifying your needs. If you are always working on the go and have access to reliable internet, a cloud-based solution is a great way to enjoy reliability. On the other hand, if you are not traveling much and do not like the delay that some cloud-based solutions present, opting for a desktop-based software is an excellent idea. Keystone Tax Solutions is a provider of professional tax software in the US for tax preparers. If you are looking for the best professional tax software, check out what we have to offer.

On March 27, 2020, Congress signed the CARES Act Help Coronavirus Aid, Relief, and Economic Security Act. In general, it aims to help American workers, families, and small business owners by giving them funds they can use in their businesses and in paying their mortgages, utilities, or rent. While the government releases more information to clarify the specifics surrounding this law, we will break down some of its inclusions and provisions and howCARES Act Help can affect your clients or small business owners. 1. Assistance for Small Businesses: The Paycheck Protection Program Any business—including sole proprietorships, independent contractors, or self-employed individuals—that has 500 employees or less is qualified for a Paycheck Protection Program Loan. This loan is only meant for business-related concerns CARES Act Help due to COVID-19, and it is an additional qualification for the program. You also need to ensure that the loan will not be used for allowable purposes and that your client will not receive any duplicate funds for the same uses from another small business administration program. Allowable purposes could be any of the following: Eligible payroll, such as employee salaries, paid medical or sick leave, and others Mortgage interest Rent payment Pre-existing debt payment Utility payment In short, the loan should solely be used for business intentions. The Paycheck Protection Program is intended to be a low-interest loan with the maximum amount of $10 million, and in some cases, the loan is forgivable. That means that CARES Act Help if your client uses the loan proceeds for any of the allowable purposes mentioned above within the first 24 weeks (with at least 60 percent used for payroll and 40 percent for other expenses), the loan balance will be reduced, and they will not be taxed on the forgiven amount. Initial Issues Encountered Congress had authorized up to $349 billion for this loan program. However, this amount lasted just a few days. As a response to that, Congress passed the Paycheck Protection Program and Health Enhancement Act in late April. This law provided another $310 billion for the loan program. In its first wave, the program received a lot of criticism that stated only larger and wealthier companies had accessed the first round of PPP loans. However, the data for the second round shows that more small businesses finally got access to the funds. 2. Small Business Administration – Economic Injury Disaster Loan SBA’s Economic Injury Disaster Loan is another loan option for small businesses. SBA also works with the states to provide low-interest federal disaster loans to small businesses that have experienced substantial economic injury from the COVID-19 outbreak. For SBA’s assistance, the maximum allowable loan amount is $2 million. Those eligible can use the fund for paying off their debts, payroll, and other bills that they cannot pay due to the pandemic. 3. Unemployment Compensation Traditionally, self-employedor independent contractors could not claim any unemployment compensation from the government. The CARES Act has changed this, and it currently allows these individuals to claim federal unemployment compensation for up to 39 weeks, enough to take them until the end of 2020. Like any other setup, there are a few preconditions. For example, if they can telework or work from home with the internet, email, and phone, they are considered ineligible. However, if they are forced to close their business, they can be qualified. Here are the three benefit components of the compensation: For those who already qualify: $600 of supplemental state-paid unemployment compensation For those who are generally not eligible for unemployment compensation: $600 plus the regular state unemployment rate provided by the pandemic unemployment program An extension of unemployment compensation by up to 13 weeks on top of the standard state timeline Note that the length of offeredunemployment benefits for each state varies. For more information, check out your client’s state’s unemployment website. 4. Internal Revenue Service – Employee Retention Credit If your client wants to retain its employees but does not want to take out a loan, the government has some assistance. If your client has paid their employees from March 12, 2020, to December 31, 2020, and their business operations are impacted in any way by COVID-19, they may claim a refundable tax credit on their 2020 tax return. They can also receive this credit in advance without waiting to file for a 2020 tax return. They only need to meet at least one of the following qualifications: Their business operations are partially or fully suspended due to COVID-19 Their gross receipts decreased by more than half (50 percent) when compared to the same quarter in 2019 There are also a few stipulations to the credit: Their business cannot participate in any of the loan programs mentioned above Their credit amount may be limited if their business took credit for paid medical or family leave provided in the Tax Cuts and Jobs Act The credit amount is 50 percent of the qualified wages they paid to their employees while unable to work because of the pandemic The maximum amount of credit per employee is $5,000 if their business has 100 or less full-time employees Conclusion These are only four of the many provisions the government has provided through the CARES Act. If your client is a small business owner who still has not applied for any of these, help them choose which one they are qualified for and benefits their business and employees the most. If you need professional tax preparation software to make all the computation and decision-making easier for your clients, Keystone Tax Solutions is here to help. We offer a one-hundred-percent cloud-based solution that you can operate anytime, anywhere, and on any device.

Desktop Tax Software can be challenging. Working with numbers all day can be overwhelming, as taxes can be draining—get one thing wrong, the consequences are dire. As a tax professional, it’s only logical to invest in the right tools to boost productivity and minimize mistakes—this is where Desktop Tax Software comes in. These Desktop Tax Software platforms have been designed to help expedite the process, but you need to find the right one that suits your needs. There are desktop versions you can install on your computer, as well as online ones that you can access through a device and internet connection. Bear in mind that certain factors come into play when it comes to the choice between Desktop Tax Software and online tax software. Here’s a quick rundown of each, as well as which type of software best suits your needs. The end goal is to always perform taxes in a safe and secure manner, so choose wisely! Factor #1: Convenience Online: With online Desktop Tax Software, you have the ability to work remotely and use different devices to work on your tax return. These are also not limited to personal computers, as many companies now offer mobile apps that allow you to work on your taxes on your mobile phone or tablet. Online tax software is ideal because of the convenience they offer, allowing you to work on any device with a secure internet connection. Desktop: With Desktop Tax Software, you can work on your tax returns on a personal computer. However, you can only do so if the software is installed on the computer. While having to manually install the software and transfer data on multiple computers can be quite a hassle, convenience will not be much of a problem if you’re only planning to work on one computer. Which is better? Verdict: Online Factor #2: Storage Desktop: You will be dealing with multiple files each season, and since clients are aplenty, it’s easy to lose storage space quickly. Choosing to use tax software on your desktop also holds you responsible for protecting your data. In the event of unprecedented disasters, you can lose data permanently, so it’s important to regularly back up data in another location other than your computer. Online: Seeing as the world is moving towards digital, Desktop Tax Software is most ideal. It automatically saves data as you work, maintaining your data as secure as possible. Encrypted copies are always kept at separate locations to keep safe during disasters. Cloud storage devices such as OneDrive and Google Drive can also be accessed, giving you ample storage for your steady flow of clients. Which is better? Verdict: Online Factor #3: Security Desktop: Working on a desktop doesn’t have much of a data security risk provided you take precautionary cybersecurity measures, such as having an active firewall and secure antivirus software which should be updated regularly. If you don’t have these, however, you may risk a data breach from malware and hackers. Online: Working with online Desktop Tax Software provides you with ample security, especially since companies behind it protect and encrypt your tax data files. You need only identify and choose which company offers you the best protection, as your options will be plenty. Make sure to review privacy and security policies! Which is better? Verdict: Online and desktop The Final Verdict: An Online Desktop Tax Software is Key to Your Success It’s vital that you equip yourself with the right tools, ensuring that you’re always ready for tax season. From everything gathered, the best Desktop Tax Software are those you can easily access online, as they provide ample security, storage, and convenience for your tasks. That said, invest in Keystone Tax Solutions! With more than 15 years of experience, we are a leader in the professional Desktop Tax Software industry. Offering 100% web-based tax solutions, we’ve helped thousands of tax professionals streamline their processes and begin their tax businesses. With unparalleled prices and unparalleled customer service, we are here to help you succeed—reach out today.

Tax Preparers Mistakes can be incredibly difficult to deal with. At the client’s end, making Tax Preparers Mistakes on a tax return can cost them money. They could miss out on larger refund claims, thereby causing them to own more taxes. In worse case scenarios, they could end up accumulating penalties and interest. As a tax preparer, however, such Tax Preparers Mistakes can cause a serious dent to your credibility and therefore, the course of your career. Bear in mind that tax mistakes can easily invite an Internal Revenue Service (IRS) audit, which is a terrifying sign for any business, including your firm. The question now stands: what is your best defense against these crippling scenarios? The answer is simple—avoid the errors. As a tax preparer, here are three of the most common Tax Preparers Mistakes and what you can do to avoid them: Mistake #1: Using incorrect bank account numbers According to the IRS, direct deposit is the fastest and easiest way to get a refund. While indeed convenient, it’s easy to get bank account numbers wrong. To ensure that your client successfully receives the refund, the routing numbers must be correct, down to the last digits.Tracking down a refund sent to the wrong account can be difficult, if not impossible, to do. To make sure that all digits are correct, ask your clients to use a direct deposit slip. For further assurance, always double-check their details. Mistake #2: Failing to have the forms signedSignatures are non-negotiable when it comes to documents. As a tax preparer, you understand the importance of signatures. Any unsigned tax return is never valid, so make sure to check each form. Ask your clients to electronically sign their forms if they cannot be present during filing, just to ensure that documents will be signed before filing. Mistake #3: Erroneously performing tax credits or deductionsThe number of deductions and credits available to taxpayers can be overwhelming, even for the professional tax preparer. Tax season can be incredibly stressful, especially when juggling multiple client files at once and trying to beat deadlines.You may end up computing credit or deductions that appear appropriate but must have been phased out due to the client’s income and other restrictions. It’s vital to double check documents and information with clients, no matter how tedious it may be. This can save you from tax fiascos, ensuring that your image stays credible and reliable. Enlist the Help of a Professional Tax Preparation Software Although taxation is something you deal with regularly, understand that Tax Preparers Mistakes can happen. That said, remember to keep checking your work. Most Tax Preparers Mistakes can be caught by double-checking your math processes, signatures, and attached forms. It’s important to learn how to slow down and take a few moments to check your work. By doing so, you not only satisfy your clients, but further your firm’s growth. While the stress can quickly take over once Tax Preparers Mistakes are spotted, remember one crucial fact—mistakes can always be fixed! Also asking for a little bit of help is never a crime.  Even the best need help, so why not enlist the help of the best professional tax software in the USA? Keystone Tax Solutions offers you an award-winning platform to help streamline your processes, ensuring that your work remains completely error-free. With over 15 years of experience, we’re a leader in the tax industry and our software has helped countless tax preparers from all over the United States. Get the most for your firm this upcoming tax season—choose Keystone Tax Solutions!

When Benjamin Franklin said that “nothing in life is certain, except death and taxes,” he didn’t have the benefit of Improve Tax Technology. While filing taxes isn’t something anyone looks forward to, they are a necessary and inevitable part of our modern world. Fortunately, through the advancement of technology and people’s desire to Improve Tax Technology the banes of annual duties comes tax preparation software. Many people depend on their accountants and tax professionals to assist with their tax returns. With groundbreaking technology, the process has become significantly more straightforward and manageable. Better features also allow you to provide valuable advisory services. Tax professionals can submit filings faster, and equip their clients with insights into their personal and commercial financial positions. They can also help clients make better decisions that will Improve Tax Technology their financial management and business operations. If you want to know how professional tax software can Improve Tax Technology service to your clients, here are several advantages: It sets you apart from the competitionFinancial management requires precision, which business owners and taxpayers depend on to manage their hard-earned money. Speed and accuracy can not only distinguish you from your competitors, but also help you Improve Tax Technology your pricing structure. What will set you apart from the rest of the financial industry is not just what you can do, but how efficiently you can do it; to some, this will be worth the price of working with a pro. It frees up time for your team to dedicate to analytical functionsWhen people engage accountants and tax professionals for tax purposes, it tends to be an administrative function because of all the technicalities involved. With tax preparation software, you can Improve Tax Technology and speed up the filing process and free up your organization’s time for more analytical and advisory work. Your staff can focus on staying abreast on new tax laws and honing their analytical skills to add value to your firm’s expertise. It allows you to grow your client base exponentiallyTechnology can take care of repetitive tasks, giving your executives more time for direct interaction with clients. When they aren’t busy sorting through paperwork or rifling through tax regulations, you can put people to better use by marketing your services, gathering new clients, and deepening relationships with existing ones. It makes it possible for your team to serve your clients from anywhere, at any timeBefore the global pandemic, the Internal Revenue Service (IRS) had already introduced many ways to process taxes without visiting physical offices. With face-to-face interaction continuously limited for the foreseeable future, remote working is now necessary, and it has also become lucrative. Present circumstances have increased the demand for services–financial or otherwise–that can offer seamless and touchless processing. When you can provide efficient services online, your team can work for clients from any location across any timezone. It enables you to build stronger relationships with your clientsYou can earn loyalty and confidence when you can provide your clients with a better understanding of their finances. The more services and analytical support you provide, the more your customers will trust you. Taking care of your customers Improve Tax Technology retention and repeat business, which will carry your firm forward. Change is often met with resistance, especially when it comes to migrating functions to digital solutions. Many people don’t want to change the way they currently work, but for financial services to grow exponentially and sustainably, you need the support of technology. There will be some growing pains when it comes to shifting to automated solutions, but the benefits to your clients and the bottom line will be too difficult to ignore. Are you looking for the best professional tax software in the USA? Our innovative cloud-based solutions offer easy and efficient methods for managing your financial returns at affordable rates. Contact us to schedule your free demo today!

Running a Business Cost Efficient can be difficult, especially for people who have little to no experience with managing cash flow. This is why mid-size and enterprise Business Cost Efficient owners hire professional accountants or buy taxation software.  Tax preparers, though, are Business Cost Efficient owners themselves. If you provide financial solutions to others, you should also be efficient in spending money for your company. Here are five things you can do if you’re trying to cut costs without cutting corners. Consider outsourcing some tasks Hiring someone full-time is not always the best way to increase efficiency. Consider outsourcing—hire a contractor to do non-tax prep related work like maintaining your website, social media or handling your email marketing campaign.  Outsourcing allows you to hire temporarily for various jobs at rates that work best for your budget. You can also hire interns and reach out to local colleges. An internship is a win-win for you and the students you hire. Prioritize returning clients Client retention, instead of expansion, is a reasonable and conservative strategy for Business Cost Efficient during lean times. Ask your clients for feedback on your services and be open to their suggestions. Seek their opinions on what you are doing well and what you need to improve. Customer experience is a significant reason why people come back to your services again. To keep yourself on top of your clients’ minds, stay in regular contact with them and communicate changes or updates to your Business Cost Efficient. Satisfied clients will recommend you to their network or post comments online about your service. Sign up for business accounts  Retailers frequently offer business-focused accounts, which allows the user to purchase at exclusive pricing. Retailers like Amazon also give you analytics about your purchases, which can help you track your money.  You can run a tax preparation Business Cost Efficient from your laptop or computer, but there are parts that you still need to handle in person. Minor purchases like ink cartridges and printer paper add up, and you can get surprised by how much you end up spending if you do it thoughtlessly. Offer your services in exchange for needs Tax preparers have a valuable skill set that many Business Cost Efficient owners need. Offer your tax prep for IT services or website design. You can even take this offline; you can offer to do your landlord’s tax returns to reduce or delay rent payment. When you agree to a barter exchange, you must keep in mind the value of your work. Spend the right amount of time to do the job—nothing more or less. Protect your interests as well; get everything written and signed.  Finally, make sure you report your barter correctly. This type of transaction should be part of your tax return, and it needs a Form 1099-B. If you are successful, your client might even recommend you to their friends and family. Look for industry discounts as much as possible Subscriptions, free trials, industry events, early-bird promotions—take note of all of these and try them out for your business. When you are always on the lookout for a good deal, you’ll naturally find more of them. Conclusion Building and running a business can be quite challenging. The primary concern for many operations is keeping costs low and earnings high, and if you implement sound financial decisions, you’ll surely achieve this. Streamline your work processes and grow your business with Keystone Tax Solutions. Our professional tax preparation software lets you automate various aspects of your services while increasing your filings’ accuracy. Get a free demo today, or contact us for more details!

Being an employee means going to the office every day to take on one challenging task after another and making sure you meet your deadlines to Avoid Feeling Burnt. If you’re a tax preparer, your workload includes computing, arranging, and preparing income tax returns for your clients—which can be stressful due to the sensitivity of what you’re handling. As a professional, you’re always expected to do your best—sometimes to the point of breaking down due to stress, leading you to feel burned out. If the work gets unmanageable for you to handle on your own, it’s best to use a tax preparer software to help you manage your projects and Avoid Feeling Burnt overworked. If you want to learn ways to help you cope with stress to keep you from Avoid Feeling Burnt out at work, read on further below. Learn to Take Some Time Off The moment you think you’re experiencing burnout, it’s essential to take a step back to look at your situation from a different perspective. You could restart your expectations to remove the pressure you’ve been Avoid Feeling Burntfor a long time or create new goals that will help get rid of the demands you’ve set up for yourself. Besides that, you can also learn to recognize your needs aside from your work. If you feel like you aren’t producing quality work anymore, you need to reevaluate yourself and figure out what you should do to reclaim your worth. It’s also important to know your limits and learn how to balance your work and personal life. Tax preparation is a challenging job. That’s why you deserve to take a break when you can so you don’t end up exhausted! No one’s perfect, so don’t put yourself on a pedestal and remind yourself you still have a lot to learn when it comes to preparing taxes. Find Something Good to Do Working when you’re distracted and worn-out isn’t a good idea because you will only end up producing poor results. So instead of forcing yourself to accomplish something even if you already feel bad, it’s essential to consider clearing your mind through doing relaxing activities. Working out, doing yoga, and practicing breathing exercises can help calm you down and release the stress built up in your body. A simple walk in the park, for example, can already make a big difference and help lighten up your mood. Meditating can also eliminate bad feelings without exerting too much physical effort. Taking slow and deep breaths can convince your mind that you’re at peace—up until you find yourself actually relaxing. Start a Healthy Lifestyle When you don’t get enough sleep, eat unhealthily, and don’t move enough, your body will tend to shut down and keep you from performing well. Not getting the rest you deserve also tends to affect your memory, attitude, and overall mood. Begin with sleeping at least eight hours a day, so you wake up Avoid Feeling Burnt energized and ready to start working on the taxes, meeting your deadlines, and accomplishing your clients’ needs. Eating a proper diet that consists of a balance of protein, grains, vegetables, and fruits is also vital for proper health. Lastly, move your body by practicing physical wellness, so that you eventually feel great about yourself. Doing so will allow you to take on the day with a confident demeanor. When your body and mind are in a good state, you end up looking forward to working more than ever. Initiate Meaningful Conversations Another way to combat burnout is by creating connections with like-minded people with the same interests as yours, like being into the topic of tax preparation business to make a living. At the same time, your interaction with your fellow tax preparer can also help you initiate meaningful conversations! If you find yourself stuck experiencing online meetings alone due to the world’s current situation, it might feel slightly different from what you expected. Despite that, it’s important to keep your connections and empathize with the people you can come into contact with. Simultaneously, virtual connections are still helpful, as there are social media platforms showcasing communities and organizations you can join to meet people. The internet is a place where you can share ideas online and find support from people all across the globe. Conclusion Stress is normal for most employees, but not to the point of letting it drain you. As long as you remember to learn to take some time off for yourself, create connections with people, discover something useful to do, and start a healthy lifestyle, you can avoid feeling burned out. If your work is too difficult to handle, you can consider using software for tax preparing to help make your tasks easier! Are you looking for a professional tax preparer software in the US to help you manage taxes better? Keystone Tax Solutions is a company that offers product innovation, flexibility, and ways to help you earn incremental revenue. Get in touch with us today to learn how our tax software works!

As a Features Tax Software preparer, it is your responsibility to file taxes efficiently on behalf of your clients. What you need is a robust tax preparation software that will allow you to do your job effectively with room to scale. Whether you’re unsatisfied with your current tools or simply want to explore your options for your new tax business, knowing a bit about the software you’re purchasing will help ensure that your investment is worth every cent you spend on it. To help you out, here are five features that you should be looking for in a tax preparation software. Platform CompatibilityDepending on your specific requirements, you will want to opt for a tax preparer software that will run well on your computer. One consideration is whether you want to use a browser or a desktop-class application.Online Features Tax Software can be useful if you want the convenience of operating on different devices in different locations. Web-based Features Tax Software operated via internet browsers is usually compatible across platforms—whether you’re using Windows, MacOS, Linux, or even Android and iOS. All you need is an internet connection and any device available to work on your client’s income tax returns.If you want to use a desktop-class tax preparation software, then the obvious drawback will be that you’ll be limited to using one computer. That being said, some desktop versions will have all the major forms and functions built-in. This will allow you to work even without internet access for a while, which is useful in power outages or internet failure. However, you will still need internet access to submit the tax return requirements online—so consider its utility offline, too. Ease of UseSince taxes are already complicated affairs, your software needs to be as intuitive and easy to use as possible. As a tax preparer, you’ll want software that will allow you to go through tax returns faster, with minimal learning to utilize all functionalities properly.Ease of use can be achieved through good design, free and unlimited software training, and walkthrough features, such as “Guide Me” modes. A good way to measure ease of use is by ensuring that even a relatively newcomer in the tax filing process can use the software to do the job with minimal mistakes. Robust FunctionalitiesA good tax preparation software will give you access to all the tax forms, allow you to prepare gift and estate taxes, and offer unlimited state returns from all 50 states. Other features that you should be looking for in Features Tax Software for preparers are document managers, quick tax estimators, audit protection, refund calculators, and a mobile app. Reasonable Pricing Some taxation software providers will lure you in with incredibly low fees, for a barebones software that will charge you more if you want to use the features that you actually need.Unfortunately, these results in businesses having to overpay in extra fees to attain features that should have been included in the first place! To avoid this, look for reasonable pricing that brings true value to your business—not deceptively cheap prices that will end up costing you more in the long run! Strong Data Security Features In the United States, business tax returns are not public documents. This means that financial documents, such as income tax returns, should only be seen by you—as your client’s representative—and the Internal Revenue Service.In this area, web-based tax preparation software can be safer than desktop-class tax software that stores your information in a physical drive that can be stolen rather easily. This is because cloud-based data security protocols are more robust, and use sophisticated data protection at the data center level that contains your data.That being said, using online tax software can still be compromised if you use public computers, such as those found in coffee shops, printing stores, and inadequately regulated offices. Conclusion When it comes to tax preparation software, it always pays to do your research. As a business, you will want the option to handle everything from the simplest tax return to the most complicated tax filing possible. By looking for these five qualities in a tax preparation software, you should be able to make informed decisions and achieve your goals for your tax preparation business. Are you looking for tax software to help streamline your tax preparation process? Keystone Tax Solutions provides the best professional tax software for tax preparers in the United States. Our professional tax preparation software is 100% web-based and is designed to grow your tax preparation business. Contact us today to learn more about how we can help you!