Tax season can be stressful for any company, and as a tax preparer, your job is to make your client’s life easier. With that being said, if you are in the tax industry looking for ways to improve your Boost Client Experience, you are in the right place. You can do plenty of things to keep your clients happy and motivate them to opt for your services. Here are some ways you can improve your services to enhance Boost Client Experience:   1. Forge strong relationships When you can create an emotional connection with your customers, they will be much happier to work with you. To build this relationship, you can send personalized thank you cards, holiday messages, and many other things to show your gratitude. When you meet your clients, note down personal things your clients share with you. This way, you can personally address these topics at your next meetings, showing that you pay attention to them. This leads to more loyal clients who believe that you are doing what is best for them.   2. Be realistic with your goals It might be tempting to offer goals that are too good to be true unless you can follow through. If you create such goals, your clients might believe that you cannot achieve your goals and opt for another firm. To avoid this problem, create realistic goals and expectations with the clients. That way, you can set deadlines and goals that you can meet, ensuring your clients’ needs are satisfied. This proves you are capable of achieving their goals, Boost Client Experience, and more.   3. Know with whom you are working To deliver the best Boostexperience possible, you must know with whom you are working in the first place. Only this way can you tailor your services to satisfy their needs and is the best way to keep them happy. Great questions to ask yourself include what languages they speak, the mediums they use to communicate, the industry they work in, and more. The more answers you have about your clients, the better you can adapt your services for an excellent experience.   4. Offer flexibility whenever possible The tax world is not so linear as many realize. The needs of your customers change and pop up at different times. By being flexible, you can meet these ever-changing requirements to keep your clients happy. While it might take a little more effort from your end to stay flexible, your clients will appreciate your efforts and will remember your effort. It can lay the foundation towards building loyal customers simply because you are doing whatever it takes to keep their tax needs satisfied, even if it means working overtime.   Conclusion Good experiences do not come freely. It takes a lot of effort and time to offer an excellent experience and keep your clients happy. Fortunately, the payoff is huge, especially in the long run. When your clients are satisfied, they will be more than glad to work with you for their tax needs. When tax time arrives, you will find them coming back to you repeatedly as they know you are capable of delivering on your promises. Need help boosting your tax services? Keystone Tax Solutions offers professional tax software in the US to help you keep track of and stay on top of your client’s tax-related needs. Work with us today and enjoy our professional tax preparation software for tax preparers!

The global health pandemic flipped the world on its head. In fact, the world economy screeched to a halt as people belonging to different industries from all over the world were faced with strict lockdowns that made doing business near impossible. This has also made life hard for tax professionals. The economic influx has affected their Clients Despite Pandemic and forced tax professionals to make the necessary adjustments to keep doing business during the Clients Despite Pandemic. And while the world is slowly creeping towards a state of normalcy due to the release of the vaccine, the pandemic is still affecting the economy due to the many restrictions put in place to ensure the public’s safety. This is why you’ll want to make sure that you’re doing all you can to help your clients navigate the tricky economic landscape of the 2021 tax season. To help you out, we’ve prepared a quick run-through of the different things you can do to provide the best service for your clients!   Offer a Referral Program One great way to gain new Clients Despite Pandemic is to offer a referral program. The idea behind this is simple: ask your existing clients to refer people within their network to hire your services. If they get people to work with you, they’ll get a discount for your services. This is an effective way to gain new Clients Despite Pandemic as people are more likely to trust the opinion of people within their network. Furthermore, this is why a referral program easily trumps all other forms of marketing and advertising!   Optimize Your Process If you want to gain and retain clients, you’ll want to optimize your processes, and an effective way to do this would be to make use of state-of-the-art software for tax preparers. Our All In One Software Package is perfect for this because this 100% web-based tax software is designed in a way that will help grow your tax business. The software comes with a multitude of different features that allow you to work more efficiently, one of which is the Refund Calculator. This tool can help give your clients an estimate of their tax refund in under two minutes.   Keep the Lines of Communication Open Many things are uncertain right now, and the last thing you want is to shut out your clients. This is why you’ll want to keep lines of communication open so that they can reach out to you with any and all of the tax concerns. Doing the little things like giving them regular updates about tax overhauls will go a long way when it comes to improving your overall relationship with your clients. You can even do this via email or by calling. If you can spare the time, calling will help you explain things to your clients more clearly so that they can be at ease.   Accommodate Your Client Despite Pandemic Needs You’ll also want to be as accommodating as possible given the current state that the world is in. This means offering options to meet your clients online or in your office if the situation allows for it. If you do meet at your office, it’s important that you put safety first and abide by the strict guidelines set by the Center for Disease Control and Prevention.   Conclusion Working with your clients is more important than it has ever been, especially during this period of uncertainty. You’ll want to go the extra mile to provide your clients with the taxation solutions that they need. Now is the time to prove your worth, as things will likely get worse before they get better! If you’re looking for professional tax preparation software to streamline and optimize your processes, our products at Keystone Tax Solutions are just what you need. Get in touch with us to begin your free demo today!

The Biden Administration has recently approved a third round of economic relief called the American Rescue plan, consisting of a $1,400 stimulus package to sustain families struggling to stay afloat due to the pandemic. Millions of Americans have grappled with unemployment and economic hardship, which the stimulus payment will help relieve. As Tax Preparer, you may be wondering how this will affect your clients and the work you’ll have to do in filing their returns, which should be made easier by using professional tax preparation software. Fortunately, the majority of the changes will not Affects Tax Preparer for the tax year 2020. Still, your clients must send you their documents right away or even schedule an appointment when they have all the necessary forms and records to ensure everything is in good order. Here’s what you need to know about the plan:   The New Tax Filing Deadline Is May 17 The Internal Revenue Service announced the federal tax filing extension, which is now on May 17, 2021. Tax Preparers have an extra month to file client returns, allowing you more time and opportunity to take more clients and earn more revenue. Still, the IRS is encouraging taxpayers to file as early as possible. In this case, contact your past clients who have yet to reach out and remind them to set an appointment to get their taxes ironed out in time for the deadline.   Stimulus Payments Began Distribution on March 13 The third stimulus package began rolling out on March 13th, valued at $1,400 per qualifying individual and all dependents. If your client makes more than $80,000 and is a single filer, they won’t qualify for the package. Similarly, if your client is filing jointly and makes $160,000 or more a year, they also won’t receive a payment. The package is based on 2020 tax returns, so if your clients believe they are eligible and would like to receive the payment, they must file their 2020 taxes right away. If they haven’t, the IRS will use their 2019 tax return as a reference instead. Meanwhile, if your client qualifies for the third payment but did not receive the first two, they can apply for the Recovery Rebate Credit. They’ll need to meet with you to file their 2020 tax return to claim the other stimulus payments.   The Revised Child Tax Credit for 2021 Furthermore, the American Rescue Plan has modified the Child Tax Credit substantially. It has increased the credit for 2021 from $2,000 to $3,000 for children between the ages of 6 and 17. It increased the credit from $2,000 to $3,600 for children under six years old and raised the age limit to include 17-year-olds. Since it is fully refundable, your clients will receive the full amount. If your client can qualify for the new Child Tax Credit, they won’t have to file their 2021 tax return to receive it. Instead, the 2020 tax return amount will be used as the basis. Currently, the IRS does not know when the payments will be delivered, and they plan to develop an online portal so qualified individuals can update the information on their dependents.   The Extended Sick Leave Credit Another beneficial part of the American Rescue Plan is that they will extend the tax credit for sick leaves to October 1, 2021, for self-employed taxpayers who are sick or caring for a family member. If they are unable to work due to this, they will receive a tax credit to compensate for lost income.   Conclusion The American Rescue Plan has been a welcome development to help the economy recover in light of the pandemic. However, as a tax preparer, it’s essential to know the changes that took place, as it can affect your clients’ tax returns. Keystone Tax Solutions offers the best professional tax software for tax preparers that’s easy to use, affordable, and designed to grow your tax business. It’s entirely on the cloud, has unlimited customer support, and has no hidden fees. Try a free demo today!

With the list of changes and updates that the Internal Revenue Service (IRS) has been unloading recently, tax preparation firms have been urged to accommodate any tweaks. And this involves becoming more mindful of any adjustments that you’ll need to make when servicing your clients for the impending finalization of the current tax season. At this point, you’ve probably already accommodated various changes throughout the stages of tax preparations for the various clients. From industry-localized changes and statement additions to extra forms and considerations in relation to stimulus checks, the list of factors you’ll need to handle is likely larger than ever before. Among the different items on your tax preparation list that bear a cause for concern, there’s one particular concept that has had most firms scratching their heads: Unemployment Income Taxable. A quick overview (and an additional question that you may end up asking) Recently, the IRS announced the availability of a new Unemployment Exclusion for the tax year 2020 that will significantly affect the filing process as a whole. Available to specific types of taxpayers, it’s important for tax preparation firms to be mindful of this recent adjustment because of the difference it makes in their processes. Unless you’ve already filed your client’s taxes prior to the Exclusion’s announcement, you’ll have the opportunity to file an amended return at this time. Yet, there’s one question that you may have in mind with all this going forward: “Are my clients’ Unemployment Incomes Taxable?” Answering the question at hand With COVID-19 acting as a widespread catalyst for retrenchments and labor force revisions across American industries, 2020 saw the largest wave of unemployment in decades. This means that you most likely have an abundance of clients—new and old—who received Unemployment Income Taxable compensation for the first time in 2020 because of the pandemic. Now, with regards to the question mentioned above: yes, your clients’ unemployment incomes are taxable at the federal and state levels (given that their income is most likely more than the minimum requires to file). Key factors to consider before filing With the current knowledge surrounding Unemployment Incomes Taxable arising from COVID-19 and their effect on the tax filing process, it’s important to understand that there are a few considerations you’ll need to make. To ensure that you have the smoothest filing process possible, let’s look at some of the key factors that you must consider along the way: Minimum amounts: When it comes to qualifiable amounts, the first $10,200 of Unemployment Income Taxable is not taxable at the federal level for most taxpayers who made less than $150,000 for the tax year 2020. Each state has additional mandates regarding its inclusion: Currently, all American states are devising their own ways to handle the latest Unemployment Exclusion update—all of which will affect what else needs to be considered during the filing process. Before you finalize your clients’ returns, it is best to consult with your local IRS office or representative to grasp what else you’ll need to account for during calculation and form-filling periods. Inclusions: Unknown to most businesses and professionals, taxable benefits for the tax year 2020 include (1) special unemployment compensation authorized under the CARES Act, (2) the second stimulus package, and (3) the American Rescue Plan. Fortunately, Keystone Tax Solutions’ tax preparation software has been updated to include all present and future revisions and additional factors that must be considered during the preparation and filing process! Conclusion As the pressure rolls on for your tax preparation business to help your clients successfully manage their filing periods accurately and timely, it’s important to consider the effect of the Unemployment Exclusion. Once you consider the key details mentioned above, you’ll be able to ensure that you don’t overlook any key opportunities, obligations, or details during preparation and filing! 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 our services!

No one can escape the inevitable tax season, making it the bane of the existence of every taxpayer anywhere in the world. Similarly,Increase Revenue Tax preparers see it as a lucrative time, but it’s not as steady as it used to be ever since the COVID-19 outbreak. As countries went on lockdown, businesses struggle to keep the lights on, while employees try to adapt to the new work-from-home set-up. Seeing the whole economy running into a slowdown, the government postpones tax dues in an attempt to ease some financial burden in a time of uncertainty. Nonetheless, the past year proved that industries strive to survive and despite the declining Increase Revenue Tax Preparer collection, your tax preparation business can grow its revenue with just the right marketing strategies.   Increase Revenue Tax Preparation Amidst the Pandemic   Tip #1: Reach Your Audience in Social Media Since people are forced to stay at home and practice social distancing, most people rely on the internet to stay connected. Social media has always been dominating the modern landscape, but the pandemic made online platforms a necessity. With most consumers using social media channels like Facebook, Twitter, LinkedIn, Reddit, and more, your business will be missing out on a significant demographic if you don’t build a social presence. In that regard, you can continue to grow your network by marketing your services online.   Tip #2: Don’t Limit Yourself to Local Clients As mentioned above, people are flocking online to continue their business, and this includes looking for products or services they need as they’re home-bound. Seeing as local businesses are also forced to join the digital shift, it makes sense to grow your client base by opening your services to remote clients. Thanks to the continuous advancements in technology, Increase Revenue Tax automated software, and mobile applications make it possible to streamline tax preparation on the cloud. From advising clients, preparing tax returns, auditing tax forms, and more, cloud-based tax solutions offer a secure way to communicate without the need for in-person meetings.   Tip #3: Offer Flexible Payment Options and Refund Services Businesses now conduct contactless or cashless payments in an effort to curb the spread of the coronavirus, so it’s only logical to jump on the bandwagon and widen your payment options. By extending your services beyond your local clientele, you can bolster your efforts by considering multiple payment options using Increase Revenue Tax bank products, online transfers, and more.   The Bottom Line: Keeping Your Cash Flowing Amidst the COVID-19 Outbreak Businesses are only starting to recover from the sudden impact of the pandemic, but despite the global setback, industries including Increase Revenue Tax professionals continue to adapt and weather the storm. In that sense, the tips above are just some simple ways Increase Revenue Tax preparers can continue building their revenue even in today’s trying times.   How Can Keystone Tax Solutions Boost Your Revenue During the Pandemic? 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, so get in touch with us today at 1.800.504.5170 to see how we can ensure your tax business is booming.

Digital Increase Productivity landscape has made work more efficient and productive, especially in the field of central public accounting. Technological updates and advancements have been made in recent years to make work less difficult, make operations more efficient, get faster results, and communicate better with clients. Read on to find out how technology can improve your organizational workflow with the right set of tools:   4 Ways Digitizing Work Can Increase Workplace Productivity Typing cuts manual transcription time in half It’s rare nowadays to find a CPA firm that still files taxes by hand, though many still do. Instead of printing out forms and filing them by hand, consider typing every file and storing them safely in the firm’s cloud. This saves you time tenfold and certainly doesn’t cause major hand cramping problems. If your records haven’t been typed out, you can easily get transcriptionists to get things in order Digital Increase Productivity. Storing data in a cloud makes files more accessible It can take hours to rummage through every file in the cabinet in the hunt for old records. It can take less than a second to input a keyword in a search bar. For excellent and more efficient file storage, your firm should think about investing in an office cloud storage solution. Cloud storage grants access to every employee and is constantly backed up to make sure your records do not get erased. You can also check the history of when it was last updated and who last accessed it. With sensitive taxpayer information, a good cloud should be tightly secured and only accessible to employees. That is why it is best to pay for cloud hosting with an added security system. Taxpayer software tool can make work fast and easy Nowadays, there is a Digital Increase Productivity tool for everything. Accounting software tools have been developed to make operational tasks more efficient. Utilizing the best software for tax preparers Digital Increase Productivity. When things are less complicated and more manageable, you get more work by the end of the day. Digital Increase Productivity Inputs Keeps Track of Progress Keeping track of your employee’s progress not only lets you know if they’re working efficiently but also helps you figure out what tasks take the most time and who’s performing better. Performance-tracking software can give you a glimpse of this without you having to monitor your employees constantly. They also come in handy when you have a team that works remotely half of the time.   Conclusion The digital age has made work faster and more efficient, so it is an advantage for CPA firms to upgrade. With the benefits of better technology, digitalizing everything can help your firm’s workflow and improve its structure through the power of digital. If your firm has yet to use professional tax preparation software or cloud storage, now is a good time to start. Are you looking for the best professional tax software to increase your productivity? Keystone Tax Solutions fits the bill of what every CPA firm is looking for. Our tax pro software is the leading choice of firms everywhere, with its essential tools and an easy-to-learn interface that can speed up your operations. Get a free demo today!

Small businesses and professional tax preparers have long benefited from using Change Tax Software to help manage their tax records and prepare them on time. It really is an easy and cheap alternative to preparing and filing tax returns manually. But there will come a time when you need to update or even replace your tax software for several reasons. Change Tax Software for preparers and businesses needs to be updated every once and a while. New features are being added every year, and sometimes the current software you use just won’t cut it anymore. You need a program that caters to your needs and will help you be more efficient in preparing taxes. But before you make the switch to new software, the timing needs to be just right so the transition wouldn’t cause any problems in your tax filing. Let’s explore when is the most opportune time to switch Change Tax Software.   Change Tax Software? There’s an old saying that people are all too familiar with, and it goes, “If it ain’t broke, don’t fix it.” Many accountants, tax preparation firms, and finance teams apply this to everything they do, including software systems. While it may be true most of the time, there is a limit to it. With software applications, something that may have worked reasonably well before may not always end up being just as valuable as it is today. Change Tax Software applications can be quickly superseded by a much better alternative with more features and are much more efficient. It won’t be long before your old software is regarded as merely functional and no longer helpful. In other words, they are obsolete. Outdated and inefficient tax software brings with it several issues, such as: First, new employees that have experienced using more recent software will have to settle with using non-intuitive interfaces, memorize keyboard shortcuts, and learn workarounds for software deficiencies. Second, newer applications tend to make it easier to encode information instead of the more laborious and time-consuming process of manual input of data for older software applications. Third, as newer applications are developed, so are the standards in file formatting and compatibility. Older, more obsolete applications will start to have compatibility issues with more recent software. Errors will start to crop up as the older software isn’t equipped to process too many files or newer file formats.   When’s the Best Time to Change Tax Software? The run-up to the end of the tax year tends to be a busy time for accountants and finance departments. Adding to their usual burdens by introducing a new software package is a recipe for disaster. Imagine your team rushing into compiling all relevant data as well as checking documentation and finalizing reports. The panic that was created will lead to records lost, duplicate entries created, incorrect figures entered. The best time to introduce a new professional tax preparation software would be well ahead of tax season. Your staff needs time to train and learn how to navigate through the latest software. This is particularly true when the new application has more features and capabilities than your old one. Adapting new software at this time ensures that all your records are transferred seamlessly.   Conclusion Whether it’s due to a growing business or there’s a need for a better user experience, changing tax software for preparers is a significant change that requires a good transition plan to execute. For that very reason, changing software applications just before tax season gives you ample time to transition all your employees to a new and better platform. Finding better tax preparation software for your business or accounting firm shouldn’t be hard at all. With the help of Keystone Tax Solutions, you get one of the most advanced tax software in the market without overpaying. Our software for tax preparers is designed for tax professionals who want to be more efficient and better at what they do. Choose any of our software packages to get started today or get in touch with us to see how we can help.

Everyone needs a good Tax Professional Business for their personal and business endeavors. Because of the high demand in this industry, tax preparation businesses have a massive potential for growth. This does not, however, mean that everything will come easy. You will still have to do your part to ensure that the business succeeds. The thought of expansion may seem a little daunting especially if your business is in its early days. To help you out, we’ve prepared a list of useful tips that you can apply that’ll help with achieving your business goals. If you want to learn more about this, read on as we talk about useful tips that will help grow your Tax Professional Business.   Establish Your Niche  One tip that we can give you that’ll significantly help your business is to decide on a specialty so that you can identify your target market. This helps you narrow down your marketing efforts, allowing you to focus on the most profitable aspects of your business. It is often impractical to try and cast a wide net especially when your business is just starting out and you have time and manpower constraints. Identifying your target market also allows you to offer better services to your potential customers. By choosing to specialize in a particular niche, you can curate the services that you offer to match your target market’s needs. Making services such as notary, bookkeeping, and simple legal document services will give you revenue streams that will allow you to generate more income.   Expand Your Network  One of the best ways to market your services is through personal referrals. This is why you’ll want to expand your network so that your clients will refer your services to others in their industry. This shouldn’t be too much of an issue, as offering good services to your existing clientele makes them more likely to recommend your services. If you want to incentivize your clients, you can also make use of a referral program. Consider offering your clients a discount on your services for bringing clients into the fold.   Make Use of Technology  As we’ve mentioned above, there’s no better way to grow your business than to improve your services. Now, one of the best ways to do this is to make use of technology that will yield the most benefits for your clients. Using state-of-the-art software for tax preparers can help you optimize your process, and make things much more convenient for both you and your customers. One useful feature is the Refund Calculator, a tool that lets your clients estimate their tax refund rather quickly.  While purchasing Tax Professional Software to help aid your services might initially seem rather costly, the level of convenience that they give to your business will offset the costs. Think of this as an investment that will help grow your business.   Conclusion  Hopefully, these tips prove to be useful when it comes to helping you make improvements to your processes. While it may initially seem difficult to grow your business, it’s not something that you won’t be able to overcome. Putting in the time and effort will all be worth it in the and as it pretty much ensures sustainable growth and long-term success for your tax professional business. If you’re looking for professional tax preparation software to streamline and optimize your processes, our products at Keystone Tax Solutions are just what you need. Get in touch with us to begin your free demo today!    

Life changes and significant milestones happen every day. With the passing of another year, a lot can happen that can Affect Clients Tax lives as well as their tax returns. As the person in charge of preparing their financial statements, you need to be aware of these milestones that play a role in how Affect Clients Tax are computed. To be able to produce accurate financial statements for your Affect Clients Tax, making sure to keep updated on their life changes will greatly help. Meeting with your clients more than annually will ensure that you are kept up-to-date when it comes to the specific changes that Affect Clients Tax their tax returns.   Affect Clients Tax Important Milestones  When it comes to filing taxes, your clients need to be aware that certain life changes Affect Clients Tax how their taxes are filed. Here is a list of the crucial milestones clients can go through in between the times you meet with them for taxes:    1 – Marriage  Getting married can change the way your clients file their taxes because in most cases, they will choose to file a joint tax return. As their tax preparer, you will need to look at their specific situation and advise them about how to file as a couple.    2 – Divorce  A divorce will affect how tax returns are filed. To state the obvious, once the divorce is final, a couple is no longer able to file a joint tax return. However, if the divorce has not yet been finalized at the end of the calendar year (on December 31st), the divorced couple may still be able to file jointly if they wish. This may be recommended if it is more convenient for the couple. You should look into their situation and advise them accordingly.   3 – Changes in Employment Status  Changes in a person’s employment status – whether this means starting a new job or ending your employment at an old one – can have dire Affect Clients Tax on the computation of an individual’s taxes. This is especially true if the salary of the new job will be much higher or lower than what they used to receive with previous employment.   4 – Having a Baby  If parents welcome a new baby into their lives, they will also be entitled to receive a new type of credit to be added to their tax return. This credit is called the Child Tax Credit and it covers expenses for children under 17 for up to $2000.    5 – Adopting a Child Just like having a biological child, adopting a child will also entitle new adoptive parents to the Child Tax Credit. They may also be entitled to other types of tax credits and it should be your job as the tax preparer to advise them of such.    Conclusion No matter how much the lives of your client change, filing their tax documents accurately is a must. Along with keeping your client records up-to-date, having an automated tax software will help speed up the process and ensure that the computation is done right. If you are looking for a reliable software to use as you prepare your clients’ tax returns, Consider using Keystone Tax Solutions! This is a tax software for preparers that will automate the process and make it easier to compute taxes. Try the software today!

The tax season is now halfway over. In the meantime, you have to continue persevering by addressing your clients’ needs, filing their Tax Preparers Beginner, managing their finances, and meeting deadlines. With every task you accomplish after another, customers seem to keep appearing and asking for your assistance, and you gladly oblige because it’s your duty as a tax specialist.     However, with the amount of stress you tend to face, especially during tax season, you may sometimes find yourself wondering if you can still go on any longer. Fortunately, modern technology makes it possible to lighten a Tax Preparers Beginner load, with plenty of companies providing some of the best professional tax software in the market. No matter how many requirements you have to compile for your clients, policies you have to adhere to, and competition you face daily, it’s all in a day’s work as a certified Tax Preparers Beginner . With only months away until tax season ends, try not to lose your sanity by keeping these helpful tips in mind:   Always Maintain a Balanced Diet One bad habit that working professionals tend to have when they’re under a lot of pressure is forgetting to eat on time or consuming healthy and balanced meals, for that matter. Tax Preparers Beginner during tax season have it worse, with some ending up settling for fast food because of its convenience, which is undoubtedly high in fat, sugar, and carbs. The US is filled with over twenty-eight million diabetics, with seventy-eight million people on the borderline. Although you can’t deny your job has you dealing with a significant amount of stress, you have to watch over your blood sugar levels now more than ever. Remember, a healthy diet should consist of protein and vegetables, with fruits and nuts on the side for snacks.   Don’t Forget to Stay Hydrated It is a constant reminder that people are getting tired of hearing: stay hydrated and drink eight glasses of water daily. When you remain hydrated, you minimize your tendency to crave caffeine, tea, or sugary drinks, which you think you need to keep you awake throughout the day. However, drinking water alone can boost your energy to continue filing returns while navigating a tax professional’s software to help you finish work more efficiently. Even alcohol should be avoided as much as you can, or at least during Tax Prepares Beginner season. If you want to make sure you get enough sleep each night, it’s best to stick to H2O until your load lightens up and everything’s back to normal again!   Utilize an Ergonomic Workspace Regardless of whether you’re working in an office or a remote location like your home office, your professional space should keep you comfortable and motivated to finish your tasks. It will help to invest in a suitable desk, chair, and equipment that can provide long-term results. When it comes to your working chair, you have to ensure you’re utilizing one with the right height for you, with your feet planted firmly on the ground. Your arms should maintain the correct angle while using your computer to avoid straining your wrists after endless hours of work.   Conclusion Tax season is always challenging for financial professionals, as you strive to do your best to meet your loyal customers’ demands and assure them everything is going according to plan. While you incorporate a software for Tax Preparers Beginner into your practice, you must never forget the tips above and learn to take necessary breaks to give your body and mind a chance to recover. That way, you have a better grasp of your responsibilities because you can manage the challenges coming your way! At the end of the day, when you prove to your clients that you have what it takes to handle their taxes accordingly, every obstacle you managed to overcome is well worth it. Are you looking for a professional tax preparation software to streamline your tax preparation business’ processes? Keystone Tax Solutions offers a tax software made for Tax Preparers Beginner in need. Get in touch with us today to begin your free demo!    

Today, the tax preparation field has become far more intricate and fast-paced than ever, thanks to its strong link to other sectors’ overall financial performance in the modern economy. Seen as one of the most pivotal service industries in the business landscape, the tax preparation industry sets itself apart as it continues to help companies tackle the most complicated financial processes. Thanks to the greater demand for tax preparation services and the tax function’s evolution into a more Professional Grows Strategic role within modern organizations, it’s no secret that there’s no better time to be in the industry than today. If you’ve been operating your tax practice for a while now, then you’ve probably been making a significant profit in today’s market due to the rising demand and increased premiums on prices. Although tax preparation was considered a mere “paper pushing” industry in the past, the tables have turned, and it is now seen as a value-adding service. Regardless of how many clients you’ve had, you’re probably at that point where many clients are now utilizing the skills and services that you provide to get their financial matters in order. As your tax preparation practice’s clients continue to maximize your services, there’s one key question that you should ask yourself: “Am I maximizing my operational potential to become more Professional Grows Strategic?” If your answer is “no,” then you should take this as a sign to start doing so. Yet, you’ll need to invest in one key tool to arrive at such a result: tax preparation software.   Why it matters to start maximizing your practice’s Professional Grows Strategic potential Today, industries are constantly exposed to the concept of “more, more, and more.” In the case of tax prep practices, this means getting more out of one’s efforts and unlocking the Professional Grows Strategic potential deeply rooted in their team. Unfortunately, most tax practices still fail to realize this opportunity and miss the mark on their long-term goals! When you get to tap into your tax prep team’s strategic potential, you’ll be able to: Service clients better Work more optimally in meeting demands and managing time spent on a project Rake in higher amounts of profit and returns with less needed capital Establish your practice as one of the best service providers in the field   How does software for tax preparers help bring out this Professional Growa Strategic potential? The one thing that anyone needs to understand about running a tax preparation business is that there are so many opportunities that end up being wasted because of sub-optimal practices and workflows. However, it’s important to note that such an experience no longer needs to be normalized because Professional Grows Strategic tax preparation software provides a viable counter-solution. Thanks to the advent of modern software options—such as those provided by Keystone Tax Solutions—and constant improvements made by developers, practices can now inject efficiency where it counts. As a result, such improvements make it much more possible to achieve various developments that will lead to a dramatic increase in strategic performance, such as: Less wasted time: When you swap tedious manual processes in your firm’s operations for Professional Grows Strategic tax preparation software systems, it becomes much easier to offload long-winded tasks. When you incorporate a more efficient way to approach your practice’s operations, you’ll get to free up time for more valuable matters that have a greater impact on your growth and development! Optimized operational flows: When you start using software for tax preparers, you’re exposed to the opportunity to bring out your strategic potential because an improved workflow sheds light on how you can improve your operations. By taking note of what changes after using a piece of software lead to dramatic results, you’ll get the necessary insight needed to improve your workflow while making room for innovation! Conclusion Though there are many things you can do to improve your tax preparation practice’s operations in the long run, bringing out your strategic potential is one of the best moves you can make. With professional tax preparation software, you can take your business to the next level and serve your clients’ needs and achieve your goals far better than ever before! 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!

Starting a professional Tax Preparation Service can seem a little complex. Before you even think of forming a portfolio and jumping straight into the business, you will have to deal with a few things. Among those are submitting requirements to the Internal Revenue Service (IRS) and complying with a couple of other things. If you’re unsure of what you should be doing first, here’s a quick rundown on what you can do to bring your professional Tax Preparation Service practice to life. #1 Register in Your State Any business will have to be registered with your state for legal purposes. Going into taxes, you can opt to register with DBA or LLC. DBA stands for ‘Doing Business As’ and is often the option for small businesses that don’t have a conventional business structure. You get an extra period to decide what your business model will be. On the other hand, if you’re looking to emulate a corporate structure, you can register as an LLC. Short for limited liability company, an LLC entails that the business owner isn’t personally liable for its debts and lawsuits. Check with your state government for the information and additional guidelines, especially in light of a law change.    #2 Coordinate With the IRS Taking part in a professional tax practice means working with the IRS. And to work with the IRS, there are a few things you need to apply for. These are: Federal Employer Identification Number (EIN) – Specific cities and business types may lead to you needing an EIN application. An EIN allows you to report and file business taxes. Electronic Filing Identification Number (EFIN) – All tax firms have to file tax returns electronically, so you have to apply to be an authorized e-file provider and get an EFIN. Preparer Tax Identification Number (PTIN) – Tax preparers who are paid to assist and defend federal tax returns and documents need a PTIN. PTINs only last for a year.    #3 Understand Your Business Model  After going through registration and applications, it’s time to conclude the concept of your business. Determine what your firm will specialize in and what services you should be offering. Understanding your business model will allow you to anticipate what kind of clients you will be appealing to. Some startups tend to offer tax services to small businesses and self-employed clients. This will depend on your social network and how reputable your company will be. Your location can also be a factor in an individual or entity deciding to work with you, so choose wisely.   #4 Explore Tax Preparation Service Tools Tax Preparation Service tools can help your firm streamline your work. It will also allow team members and clients to work with each other. If you are going through remote work, the tools will allow you to have a smoother work process. There’s a lot of tax operating systems on the market. Each software is designed for various tax services. When starting out, try to find tax software that will provide an easy-to-use interface and support line in case you’ll need any help.   Conclusion Now that you have most things set, your Tax Preparation Service is ready to help clients! Generate revenue from assisting others in managing their own. Grow your credentials and earn additional responsibilities to assist more people. Keystone Tax Solutions provides award-winning software for tax preparers through different partnership packages. Try a free demo today!

Individuals and businesses will have to go through the process of paying taxes at one point or another. However, tax preparation and filing can be a bit overwhelming, whether on a personal or business level. This is why companies and private individuals often hire professional tax accountants to do the job for them. Another great solution for tax preparers is to invest in Utilizing Professional Tax preparation software, which comes with plenty of perks and benefits. This taxation software allows you to perform tax-compliant duties and helps you prepare and file tax returns. In this article, we will share four valuable benefits of Utilizing Professional Tax preparation software:   #1 It reduces errors and improves accuracy When it comes to recording financial transactions as well as preparing and filing taxes, there must be no room for errors. This is because you’re dealing with money that will affect your finances or your business’s overall financial health. The last thing you’ll ever want to happen is to pay more taxes more than you owe or pay less and leave you non-compliant. What’s great about using the best Utilizing Professional Tax software is that recording transactions and preparing taxes won’t need to be done manually. The tool works automatically for you while allowing you to double-check everything, which ultimately reduces errors and improves your tax accuracy.   #2 It helps save time and effort There’s no doubt that recording and monitoring all your financial transactions are a tedious task. Preparing and filing taxes can be all the more daunting for you. That is where software for tax preparers comes into the picture. This automated tool helps you manage your finances and handles your taxes efficiently and effectively. What takes you hours to accomplish certain tasks manually will only take a few minutes if you’re using a tax tool. This will help you save time and effort in the long run!   #3 It allows convenient online transactions In this digital era, it makes sense to perform all accounting transactions and tax filing virtually. With this, there’s no need to handle all paperwork manually and visit a local government agency to file your taxes. All it takes is to invest in the best Utilizing Professional Tax software that allows you to record your finances, prepare your taxes and file them electronically to the appropriate authorities!   #4 It is a cost-effective solution Sure, you may need a capital outlay to invest in tax software or tools for yourself or your business. It can be a little bit costly at the onset, but you’ll be surprised at how it will pay off in the long run. With all the benefits mentioned above, from high accuracy to convenient digital transactions, it’s such a good investment that will be worth your money. Keystone Tax Solutions boasts the best professional tax software with its 100 percent cloud-based technology, mobile capabilities, user-friendly platform, and many other digital features. You can take advantage of our software or partnership packages for your business!   Conclusion At this point, you now know why it’s beneficial to utilize professional tax software. As outlined above, you’ll be able to take advantage of the following—accuracy, time-saving, digital convenience, and cost savings. With all these in place, you have all the right reasons to invest in this professional tax software to ensure that your business complies with tax standards! Are you looking for the best professional tax software? We’ve got you covered, as we provide software for tax preparers designed to help your business grow and flourish. Connect with us today to get a free demo!

Running a Marketing Tax Preparation business goes beyond just hiring qualified certified public accountants. There are also tax rules to remember and business requirements to keep track of, not to mention the latest software and tools to invest in. All these are necessary to ensure a smooth and successful operation, but a business is a business. In other words, you need the steady guidance of Marketing Tax Preparation, as the market is riddled with competitors that can make it difficult for you to gain clients. Running a successful business means learning how to Marketing Tax Preparation properly, especially since prospective clients will want to make sure you’re credible and trustworthy before engaging. Contrary to popular belief, Marketing Tax Preparation can do more than just attract clients—it helps build your reputation and brand, which is a non-negotiable in the business world and across industries. To help you get started on your Marketing Tax Preparation journey, here are some tips you need to take into account:   Tip #1: Never underestimate the power of word of mouth Although undeniably trite, the most successful businesses today acknowledge one simple rule: referrals work. Allowing your tax preparation business to spread like wildfire means ensuring good services and happy customers, so make sure to deliver your all. Only then will you be able to encourage your existing pool of clients to talk more about your business, spreading the word about your good work. It also pays to stay confident about what you can offer, particularly when it comes to meeting business partners.   Tip #2: Take it online Apart from word of mouth, you’ll want to invest in a website. It serves as your business’s calling card in the online world, as users can freely access information about your firm and the solutions you offer. It’s important to make it as appealing as possible, with easy navigational tools, and interesting topics they can explore. Social media is also an incredibly significant tool, as establishing a presence on social media platforms like Facebook and LinkedIn can help you gain a steady stream of followers. These channels allow you to humanize your business, as you’re free to connect with clients through chats, comments, and posts, ensuring that their queries and concerns are always addressed.   Tip #3: Understand your target audiences better Running a business means constantly making smart decisions, and in this ever-changing landscape, cultivating your existing pool of clients is better than funneling your resources into acquiring new ones. You’ll want to ensure that you target the right people right off the bat, and this can only be done by studying the following aspects: Their industry or niche Age group Income levels Type of tax filers All these can help you create a comprehensive client profile, thereby serving as a blueprint for your future Marketing Tax Preparation efforts.   Building Your Tax Preparation Business Through Better Marketing Efforts The modern tax preparation business is expected to always be proactive, especially in light of unprecedented change and consumer behavior trends. You’ll need to be quick on your feet, as ensuring your firm remains at the forefront of the competition will be the key to your success. Make sure to have these tips in mind as you prepare your Marketing Tax Preparation campaigns. Good luck! If you wish to take your Marketing Tax Preparation efforts to the next level, invest in the best professional tax software. Keystone Tax Solutions offers you the best on the market, guaranteed to help you make the most of your business operations. Award-winning and innovative, we’ll help you reach success. Get a free demo today!  

Every Professional Tax Practice goal is to have a consistent flow of work before and after the tax season rush; after all, you will want to stand out as an industry expert and cater to both individuals and businesses. As such, you need to implement creative strategies to keep a competitive edge above the dozens of other tax preparers in your area. Being a tax preparer isn’t just about completing tax returns—it’s about marketing, maintaining a robust knowledge base, and avoiding common pitfalls in the tax industry. To help you out, here are three do’s and don’ts you need to follow to help you keep a successful tax practice for many years to come:   Do: Use the Right Software The best technology delivers accurate calculations in the blink of an eye. Professional Tax Practice software makes everything easy for you and your client, allowing secure access and information management on the go. Make sure you are using tax software that meets all of your needs. If you find yourself needing features or modules that aren’t included in your software package, it’s time to reevaluate and possibly seek a new setup for your Professional Tax Practice! Remember, your software should be doing the bulk of the work for you—and you shouldn’t be twisting yourself in knots adjusting to what it can and can’t provide.   Don’t: Pay for Resources You Don’t Need It’s essential to have all the resources you need to ensure efficient workflow and peak productivity. However, you also need to be careful about the resources you’re acquiring. Don’t purchase software modules and add-ons that you won’t use consistently. Keep an eye on your business expenses, and be vigilant about plugging up any money leaks.   Do: Keep Up With Tax Laws Your clients depend on your knowledge—not just of the numbers, but of tax laws and regulations as well. As such, you need to invest time and resources into keeping up with any changes in the local, state, and federal tax regulations. Technical corrections and business regulations are continually changing, so you have to make sure you and your clients are always complying with them. There are many resources online that can help you navigate any changes to the tax code and provide daily news updates that all Professional Tax Practice need.   Don’t: Disregard Training In the golden age of technology, no industry remains static. Professional Tax Practice preparation is evolving and changing every year, and clients are arming themselves with more and more information before they walk through your door. Given that, tax businesses should keep up with recent trends and practices to remain successful in the long-term.   Do: Secure Your Information Online security should be one of your Professional Tax Practice top priorities. You are handling incredibly sensitive information that should always be kept under multiple layers of protection. Use two-factor authentication on all of your logins, and beware of suspicious links in your email. You should consider generating random passwords as well to further secure your data. Even your personal online habits should be as secure as possible because a breach in your social media accounts can lead directly to your Professional Tax Practice sphere.   Don’t: Rely Only on Physical Servers Cloud storage solutions have made file backups much more convenient and secure. If your tax practice is still utilizing physical servers, it’s time to consider downsizing. Only keep the files that you need on-hand and use remote servers for archiving.   Conclusion The tax industry is continuously evolving—and it will keep any tax professional on their toes just trying to keep up. You can ensure your tax business’s continued success by keeping an eye on new regulations, developing trends, and market research. This way, you’ll keep expanding your client base, and they will keep you busy for many years to come. Are you looking for professional tax software to help you run your tax preparation practice? Keystone Tax Solutions provides cutting-edge tax software specially designed for tax professionals. Our software is 100% web-based and affordable—and we offer unlimited customer support, too. Try our free demo today!

Tax returns can be affected by seemingly small Life Changes Tax. It goes without saying that major Life Changes Tax will also cause as the preparer of people’s taxes, you need to be aware of how these life milestones affect how taxes are filed. Since you only see clients periodically, here are some Life Changes Tax that your clients might have experienced since the last time that you saw them.’   Life Milestones: How Your Client’s Life Changes Impact Their Taxes They say that the flap of a butterfly’s wings can cause a tornado. While we are not here to discuss the truth of that statement, it is true that small changes now can cause bigger changes later on. Here is a list of some specific changes that may impact your clients’ taxes.   1 – Starting a New Job or Resigning From an Old One Getting a new job will affect taxes especially if the two jobs have a big difference in pay. Whether the amount is lower or higher, it will definitely affect the computations for the tax and financial documents. On the other hand, losing a job will also affect taxes if income stops coming in. Also, if you enrolled for unemployment benefits, this will also have an effect on the client’s taxes.   2 – Tying the Knot  Getting married can also impact the filing of taxes because most couples file a joint tax return every year. However, there are certain instances where filing separately will be more beneficial. Regardless, it is crucial that you advise your clients as to how they should file their taxes.    3 – Getting Divorced There are many factors that come into play when you file for taxes for clients who are divorced. Keep in mind that they will not be able to file a joint tax return when their divorce will be finalized. Also, only the custodial parent (the parent who gets the child for the majority of the year) can claim the child as a dependent.   4 – Having a Baby When a baby is born, the proud parents will be entitled to the Child Tax Credit. This will be a credit of $2,000 until the child turns 17. Parents can have this tax for each child they have who is under the age of 17. They will also be able to apply for a refund for $1,400 of the credit.   5 – Adopting a Child Just like with biological children, they will also be entitled to the Child Tax Credit if they choose to adopt. However, one major difference is that they will not be able to apply it toward their tax refunds.   Conclusion This is not an all-inclusive list of all the life changes that would affect the taxes of your clients. It is a must that you are aware of the instances that may have an effect on their taxes. This way, you will be able to advise them about how to move forward with their taxes after the life event. If you are in charge of preparing the taxes for your clients, you can always rely on Keystone Tax Solutions. We provide reliable tax software specifically designed for tax preparation. Get yours today!

Being mindful of your business’s Tax Preparer Penalties responsibilities is difficult enough to imagine on its own. It’s even more distressing to be a company whose service is to manage several companies’ ledgers simultaneously! Your clients count on your duty and credibility as a Tax Preparer Penalties to provide quality customer service. This means maintaining quality tracking of all accounting procedures while staying up-to-date with the IRS’s latest policies and guidelines.   Avoiding Tax Preparer Penalties from the IRS Tax Preparer Penalties have the added risk of compromising another person’s business—leading to lengthy arguments and expensive amounts of compensation to rectify the situation. Unfortunately, making mistakes isn’t uncommon for amateur or even veteran preparers. This is why they need to undergo rigorous training to review their output and double-check for any mistakes. Besides making mathematical inaccuracies, failure to observe the changes in IRS policies can lead to hefty fines. For this reason, you must stay vigilant to avoid incurring any of the Tax Preparer Penalties below:   #1. IRC § 6694 or tax understatements IRC § 6694 or the understatement of a taxpayer’s liability by tax return preparer can be due to one of two reasons: understatement from unreasonable positions or willful or reckless conduct. Citing inaccuracies in your tax return can be grounds for an understatement, especially if it accounts for more than 10% of a business entity’s tax or around $5,000 for individual taxpayers. This usually incurs either a flat fee of $1,000, $5,000, or 50% of the derived income concerning the return or claim for refund.   #2. IRC § 6695 or miscellaneous assessable penalties in improper tax preparation procedures IRC § 6695 covers several penalties that pertain to individual inconsistencies in complying with the right format and submission of tax papers. This can range in several offenses, from failing to furnish an identifying number, sign a return, file current information returns, or determine the eligibility of earned income credit. The Tax Preparer Penalties can range from as low as $50 to as high as $25,500 under a return period. Keep in mind these penalties can accumulate within a single failed tax return, which is why every small mistake piles up to a larger cumulative penalty fee.   #3. IRC § 7206 and IRC § 7207 or fraud IRC § 7207 is a penalty incurred due to a misdemeanor charge of fraudulent returns, statements, and other financial documents. This results in a fine of $10,000 for individual taxpayers and $50,000 for business entities. Additionally, you may also face imprisonment of not more than a year. In relation to the penalty above, IRC § 7206 is a more severe case of fraud and false returns resulting in a fine not greater than $100,000 for individual taxpayers and $500,000 for business entities. It can ultimately result in imprisonment of no more than three years, together with additional prosecution costs assigned by a court judge.   The Bottom Line Tax preparers will vary in professions and specializations, from tax specialist attorneys to licensed CPAs. Each one has a particular ground to cover for another business entity or individual client. Nevertheless, they all require seamless documentation and archiving software to ensure that they’re providing accurate and precise reports back to their clients. Thankfully, tax preparers can benefit from modern tools to aid in their day-to-day tasks. Utilizing modern tools to streamline your accounting processes is the best way to avoid making crucial tax preparation mistakes. We can provide you with versatile tax software for preparers to ensure that you won’t incur any penalties in your tax form submissions. Try our software’s free demo today, and discover how it can optimize your accounting procedures!

Taxes are part of any working person’s life. If you are an employee, you pay income tax, and if you purchase anything from groceries to real estate, you have to pay taxes. Although it is a part of life, many people do not know how to untangle the complexities of tax documentation and filing. This is where Stand Tax Preparer come in. Professional Stand Tax Preparer complete corporate or individual tax returns. Though most of them are not lawyers, they have a good understanding of tax laws. Stand Tax Preparer use their knowledge to save customers money and file their annual tax returns on time. Besides communication skills and attention to detail, here are some things you can do as a Stand Tax Preparer to retain clients and become one of the best tax preparation professionals.   Provide Your Contact Information Make yourself readily accessible to clients. If you work for a firm, give them a direct number to reach you at all hours. It is vital to provide clients with up-to-date contact information since they will want to reach out to you after Stand Tax Preparer season. It is only after deadlines that clients hear back from the IRS about any issues on their tax returns, and some of them would appreciate the ability to coordinate with you. Doing this positions you as a reliable partner and long-term investment, someone whose services they can seek year after year.   Keep Learning About Tax Laws The most in-demand Stand Tax Preparer are the ones who have current knowledge on available deductions, applicable credits, and the latest in tax law. People always want to know how they can implement money-saving tax practices, and they would greatly appreciate having a tax preparer who guarantees that. Participate in continuing education classes, read new IRS publications, and research new laws on tax association websites. You can even become part of these networks, so you stay in the loop on what is the latest in your industry.   Have a List of References Keeping a list of references is like having a passive pipeline of new work. People looking for Stand Tax Preparer will probably ask their network who they can recommend, and if you stay on good terms with your former or current clients, they will be likely to send their friends and family to you. The best tax preparation professionals do not make many mistakes and prevent unwanted tax audits. Ask your clients if you can use them as references as well. Tax laws frequently change, and the Internal Revenue Service keeps tightening policies. Prospective clients would want to speak to current or old ones to see how you had worked with them in the past.   Choose a Tax Specialization Specializing in a field attracts customers looking for specific services. Whether it’s real estate, self-employment, investments, business expenses, retirement income, or some other field, some people will have complex financial situations requiring assistance from an expert. If you have a specialization, you stand out from tax preparers who only provide what others do.   Use Professional Tax Preparation Software Your work will be more efficient when you use user-friendly tax software. Web-based tax software is perfect for this; it enables you to access your clients’ data anywhere, 24/7, and on any device. If you are a preparer who needs to be on the road all the time, or if you want low-maintenance tax software that does not require you to rent a server or download anything, you can go for web-based types.   Conclusion Tax preparation is a valuable, recession-proof field. People will always need to file their taxes, and they will always appreciate the services of a dedicated, knowledgeable professional. Provide your clients with convenience and peace of mind, and you’ll surely see work come in every tax season. Make Keystone Tax Solutions your partner in providing tax preparation services. Our all-in-one tax preparation software allows unlimited additional users, unlimited federal and state return filings, year-round tech support, and so much more. Get a free demo today or contact us for more information!

Thanks to an ever-growing set of standards set by the Internal Revenue Service (IRS) and the influx of new businesses, the Business Tax Preparation industry is proving to be more lucrative than ever. With preparers having the opportunity to make at least $100,000 per tax season, the idea of diving head-first into the industry is guaranteed to be more attractive over time. Now that big and small businesses have the opportunity to get themselves out there with tools being made available left and right, there’s no better time to set up a tax business than today.   A few factors to consider before starting your new business Now, while it’s a good idea to start your Business Tax Preparation, it’s worth noting that you’ll need to cover a few things before you get everything up and running. In the sections below, will share an outline of different tips and tricks that you can use to get your practice started on the right foot towards success:   Tip #1: Get your legal documents out of the way Before you even forecast situations and advertise your Business Tax Preparation services, you’ll need to first take care of your legal requirements. When it comes to dealing with said requirements, you’re looking at a host of paperwork that you’ll need to handle as you go through the whole filing and writing process. Let’s look at the most critical documents that you’ll need to prepare so that you can get all the different formalities out of the way: Your business license: The business license is the first piece of paperwork that you’ll need to take care of because you won’t be able to operate without it. If this is your first time applying for the license in question, you can take care of the application process online, but you’ll still have to submit some files in person. Your Preparer Tax Identification Number (PTIN): Once you’ve taken care of your business license, you’ll need to go through your first brush with the IRS by applying for a PTIN that will allow you to start paying for tax. This specific number is critical because it officially recognizes your tax preparation business as a tax-paying entity! Your IRS Electronic Filing Identification Number (EFIN): After you receive your PTIN, you’ll have the opportunity to make things easier for your tax preparation business by getting an EFIN. With this piece of documentation, you’ll have the privilege of e-filing your tax returns instead of in-person submissions and appointments.   Tip #2: Get your marketing campaign set Considering that the American Business Tax Preparation industry is something that grows even more competitive each day, it’s best to assume that every effort you make to stand out will serve you best in the long run. Building your Business Tax Preparation alone won’t suffice when it comes to seeing significant profits because you’ll first need to have businesses know about you. By identifying your ideal client, establishing your chosen demographics, and laying the groundwork for your digital marketing and SEO efforts, you’ll get your leg up over the competition before you begin!   Tip #3: Invest in solutions that can streamline your process If you want to provide your Business Tax Preparation with the best shot at success, it’s best to understand that the difference between winning and losing lies in how well you streamline your processes. Whether it’s something that can minimize the amount of time you spend on a project or something that makes it easier to access needed information, if something can make your processes easier, then it’s worth buying. For instance, Keystone Tax Solutions’ professional tax software for tax preparers will allow you to work much more efficiently without missing out on opportunities to best serve your clients with quality work!   Conclusion Although it’s clear that there’s no better time to start a tax preparation business than today, it’s worth noting that you’ll need to make a few preparations before making your first strides. Thankfully, keeping the three tips mentioned above in mind will allow you to make well-informed decisions so that you can give your firm the advantage it needs to attain much-deserved success! With tax season around the corner, it helps to have the best professional tax preparers software to help you support your customers as they partake in the digital switch. Get in touch with us today to learn more about how our top-level solutions can help with your tax preparation business!

Running a tax preparation business means being responsible for Keeping Tax Records. You heavily rely on the information from them as they indicate your clients’ financial situation. Keeping old documents can easily make your office cabinets and desk drawers overcrowded, but failing to retain these records could subject you to a penalty, especially when the returns are questioned by the Internal Revenue Service (IRS). As a tax professional, you may be wondering how long should you Keeping Tax Records. Use this article as your guide to determine which Keeping Tax Records to keep or throw away and give accurate and up-to-date information to your clients about their documents.   Unreported Income Your client should keep relevant records for at least six years if they fail to report all of their income amounting to 25 percent or more of the amount shown on the return. This is because the IRS may assess their tax return up to six years later. Meanwhile, remind your client to accurately report all of their income accurately and honestly at all times.   Employment Keeping Tax Records If you have a client who owns a business with their employees, their employment Keeping Tax Records must be kept safe for at least four years after the date that the tax is paid or becomes due. Some information that should be included in these records is employer identification numbers, amounts and dates of all wages, employees’ names, addresses, and occupations, and more. Refer to the list from the IRS for compliance.   Most Keeping Tax Records The period of limitations for the IRS to assess a tax return is three years. Therefore, your client who has paid their taxes on time and never failed to file a return must keep their records for at least three years from the time their tax return was due.   Unfiled and Fraudulent Returns Your client should keep their records indefinitely if they have failed to file a tax return or filed a fraudulent tax return. This way, they can prepare for an audit or investigation at any time. Advise them to save themselves from the hassle associated with this situation in the first place by filing accurate tax returns annually.   What Records Do Tax Preparers Need to Keep? As a Keeping Tax Preparer, you request all relevant financial records for the tax years that you will be preparing the return for. A copy of the main tax return should be provided to the client after completing the tax return. However, you should keep a copy of the following supporting documents in physical or electronic form: Bank statements Client-prepared tax return checklist Documentation on income from investments General ledgers Main tax form Supporting tax schedule Tax work papers Receipts Other relevant financial documents   Conclusion To sum it all up, as a tax preparer, you are required to hold onto your clients’ tax returns along with their supporting documents for a minimum of three years. You may have to keep tax-related documents for much longer depending on the information they contain and the kind of transactions involved. Safekeeping these records is important because you may need them to get your clients ready for an audit and provide them with the best tax preparation service. Offer a better service to your clients using our professional tax software. At Keystone Tax Solution, our platform uses cloud-based, paperless technology, and unlimited customer support. Try our free demo today!

According to the Internal Revenue Service (IRS), the Tax Filing Season of the nation starts on February 12, 2021, a Friday. That’s when they will formally start to accept and process returns from the 2020 tax year. According to the IRS, they chose this date so they can do extra programming and testing of computer systems given changes in tax laws. These came through last December 27, 2020, and provided a second batch of Economic Impact Payments.   Critical Changes The changes in programming of the whole tax system are crucial. Had Tax Filing Season begun without any of the new changes firmly in place, refunds would have taken a while longer to get to taxpayers. With these changes, whoever is eligible for the remaining stimulus money will be able to receive it when their 2020 tax return is filed. It will reflect as Recovery Rebate Credit. The IRS’s recommendation for making the refund process go quicker is for taxpayers (or their preparers) to file digitally using direct deposit the moment their filing information is complete. Professional tax preparation software, used correctly, will come in very handy at this point. Tax Filing Season can be done instantly via the tax professional preferred by the taxpayer. Tax returns are actually already being accepted, though they will be held for now. Transmission to the IRS begins February 12th. Given the global coronavirus pandemic, the Tax Filing Season of 2020 tax returns is easily one of the most vital ones. The IRS has had to balance non-stop preparation work for the aforementioned Tax Filing Season alongside being able to have Economic Impact Payments delivered on time. The current start date allows people to get any stimulus payments they still have remaining in a timely manner, alongside getting them their much-needed tax refunds as fast as possible. The average tax refund issued from the previous season was at roughly over $2,500. This year, the expected tax returns run in the 150 million ballpark, most of them filed well before the deadline on April 15. Given the PATH act, a refund that involves the Additional Child Tax Credit (ACTC) or the Earned Income Tax Credit (EITC) will not be able to get released before the middle of February. This lets the IRS have more time to prevent fraudulent claims and refunds from being released, especially when there’s identity theft involved. The timeline for the availability of these refunds is around the first week of March for taxpayers that filed electronically with direct deposit. This is granted, of course, that these tax returns have no issues. Paper returns will more than likely encounter processing delays. For those who file digitally that have no other issues, 9 out of 10 of them will have their refund released within three weeks (21 days).   Conclusion According to the IRS, the tax season of the nation starts on February 12, 2021. Professional tax software will be a great tool in preparing things in a timely manner. The IRS encourages filing digitally with direct deposit in order for things to go smoothly. Looking for tax software for preparers? Check out Keystone Tax Solutions today! We are a leader in the professional tax software industry with over 15 years of experience.

Today, the idea of starting a Establish Virtual Tax office has become a valuable opportunity for most professionals in the financial preparation industry because of the current greater demand.  Whether you’re a beginner who just got their license as a seasoned professional with years of servicing clients under your belt, jumping after the opportunity at hand is a great idea. With the need for outsourced preparation becoming even greater than ever, you may find yourself dabbling into the idea and preparing for it, especially in this time, where Estabish Virtual Tax set-ups make everything easier. Thanks to the advent of modern technology and innovative working systems, businesses and entrepreneurs in financial services can adapt and operate more efficiently with the help of Establish Virtual Tax offices. Compared to a standard brick-and-mortar office that’s bounded by costly and inefficient traditional systems, going virtual with your tax preparation firm yields many benefits, such as: Reduced costs in operations (such as a deduction or complete removal of rental costs, smaller infrastructure set-ups, and minimized utility expenses) An effective and leaner model of operations that leads to wider profit margins Faster workload clearing times because employees don’t need to worry about traveling to work and getting stuck in traffic Seamless customer service experiences wherein concerns can be tended to right away   A few best practices to consider Before you dabble into the whole idea of setting up your own tax preparation practice, it’s critical to understand that a few best practices will help make the transition smoother. Through the help of these key practices and tips, you’ll be able to get your Establish Virtual Tax prep office off the ground and give it the boost it needs to succeed:   Tip #1: Set your vision and build upon it As cliché as it sounds, having a successful Establish Virtual Tax preparation practice relies on establishing a strong and prevalent vision that sets the pace for all your efforts. It may not seem like much, but knowing the type of business and virtual office you want will significantly improve the way you make your management decisions and start building upon your foundation. Once you have made well-informed decisions for your preparation practice, it will be much easier to get everything needed for your success as locked in as possible. If you’re not sure about the vision that you’re trying to achieve with your Establish Virtual Tax preparation business, here are a few questions to first ask yourself: “Will I be the boss in charge of staff, or do I want to be independent and go solo?” “If I’m going to have employees, will I be a hands-on boss and owner, helping with client returns and doing the work alongside my employees, or do I want to let them do all the work while I manage with a light touch?” “What kind of clients (and how many) do I want to take on?” “What hours will I make myself and the business available to clients?” “How important will it be for me to meet face to face with clients, and how often?”   Tip #2: Invest in the right tools to accomplish goals Aside from your leadership skills and a team of dedicated and talented professionals, another key piece that will allow you to make the most out of your practice’s shot at success is having the right tools. With the advent of the digital age and its full-scale impact on the way businesses operate, any Establish Virtual Tax preparation office has the opportunity to improve the way it operates on all ends. Through the help of different tools and pieces of software—such as Keystone Tax Solutions’ tax preparation software—you’ll be able to deliver quality services while ensuring satisfaction and efficiency!   Conclusion If you’re thinking about starting a virtual tax preparation practice of your own, then there’s no better time to do so than today. With the help of the key pointers mentioned above, you can get your efforts started on the right foot and ensure that you seize every opportunity to deliver quality work and keep your operations running smoothly! 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!

The Successful Tax Marketing preparation industry is best defined by its ever-present aura of traditionalism and the fact that it almost mirrors the way things used to work in the olden times. However, over the past years of innovations, practices are quickly adapting. In fact, tax preparation businesses all over America have taken it upon themselves to innovate at all costs so that they can deliver better-quality results and run smoothly. If you’ve been running your own practice for a while now, you’ve probably made significant investments and strides over the years to further elevate the level of service that your customers get. From cutting-edge professional preparation software to game-changing outsourced customer service work, the opportunity to innovate and evolve as a firm undoubtedly comes in many ways. However, at this point, there’s one main concern that still remains amid all the different investments and upgrades that you’ve been making for your preparation practice: Perfecting your Successful Tax Marketing.   The difficulty of Successful Tax Marketing (and a few strategies that can help)  With 2021 in full swing and more opportunities to convert, convince, and collaborate ahead, it’s safe to say that marketing your practice to even more potential clients this year is at the top of your list. Unfortunately, it can be quite confusing to develop a strategy that capitalizes on a new era of growth for any tax firm because of the subject’s relatively unfamiliarity. Although there’s no doubt that any practice is great at handling numbers and servicing clients’ needs, marketing is a different story. This is why so many firms end up missing out on the opportunity to bring in new business, especially considering the fact that tax preparation is a niche market in itself. Thankfully, you won’t have to rely on pure chance to bring in more paying customers for your firm because we’ve prepared these strategies to point your efforts in the right direction:   1. Diversification When it comes to creating a Successful Tax Marketing strategy that works, the one strategy that most people overlook far more than they should is the power of diversification. To simply put it, diversification is the process or practice of crafting different pieces of content instead of focusing all your attention on one specific avenue, platform, or approach. By mixing things up with YouTube videos, website blogs (such as this), and social media posts, you’ll be able to take your strategy to the next level and further improve your results!   2. Funnel optimization  At this point of your Successful Tax Marketing campaign, it’s worth taking a closer look at the way your funnel works by delving deeper into different processes and tasks that can be used to optimize its performance. Considering that your success will definitely come from your sales marketing funnel, it’s safe to say that making the necessary efforts to improve it will pay off handsomely in the long run. If you aren’t sure about how you can improve the way your tSuccessful Tax Marketing funnel works, here are a few ideas that will point you in the right direction: Craft fine-tuned email marketing campaigns that are specifically targeted to your target audience Invest in top-quality lead magnets Produce more aggressive outreach campaigns   Conclusion  Although the process of building your tax practice’s marketing campaign can seem like an intimidating one, it’s worth noting that using the right approaches can ease things up by a big margin. Through the help of the two points mentioned above, you can significantly improve your marketing campaign’s chances of success and take its performance to the next level! 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 at Keystone Tax Solutions today to learn more about how we can help!

According to the U.S. News and World Report, the tax preparation industry consists of around 1.2 million paid workers. These Becoming Tax Professional work on the filing and preparation of requirements from local, state, and federal agencies. In the U.S., tax preparation businesses generate about $9 billion yearly, and the Bureau of Labor Statistics says that it is poised to grow at about ten percent per year. Here are other things you should know about this industry, especially if you are looking to break into it. What Are The Responsibilities Of Becoming Tax Professional? Becoming Tax Professionals have to interview each client they acquire, determine which forms the client needs, and gather the personal information needed for the forms. Typically this includes employer-issued W-2 and 1099-MISC forms, receipts, and verification of health care coverage. They must also complete the forms. Most preparers use professional tax software that allows them to fill out forms quickly and accurately. The IRS also offers forms for practitioners who prepare only a small number of returns. Finally, they must file these returns. Usually, they do this electronically since this allows for faster processing and refunds. Why Should A Taxpayer Hire Someone To Fill Forms? Since they are Becoming Tax Professionals, preparers are likely to have accurate returns, with fewer chances for auditing. The tax code is also complicated, and taxpayers need to have an expert find the legitimate deductions and handle the different tax situations that might arise. How Do You Become A Tax Professional? Becoming Tax Professionals undergo basic training, which means investing at least 60 hours in a training course that might cost about $150. Major tax franchises also provide courses that can delve deeper into the practice. Aside from training, tax professionals need experience in preparation. Beginners can work for a tax firm and learn real-world practices. In some instances, they also need credentials. In California, Oregon, and New York, Becoming Tax Professionals must comply with regulations. The IRS is coming up with an accreditation program as well. Once a would-be Becoming Tax Professional has the right certifications, he can apply for an Electronic Filing Identification Number (EFIN) and an IRS Preparer Tax Identification Number (PTIN). What Comes After You Get Credentials? If a Becoming Tax Professional has no intentions of building his own business, he can work for a company. Plenty of businesses offer a stable career growth plan for tax preparers. Otherwise, a professional with the right credentials can start his own business. For tax preparers who want to become independent contractors, the next step is to structure the tax business. He would need to get an EIN or Employer Identification Number, decide the type of company, file applications for a business license, and submit the formal articles of incorporation. The Becoming Tax Professional will also have to decide the type of clients he wishes to take. The busiest tax season is in January through April for federal and state income tax reasons. However, this is not the only thing a preparer might have to handle. He will need to accomplish other things like tax planning, remittance of payroll taxes, and handle business tax returns. Other Things To Remember Preparers need tax preparation software, as well as a computer, a scanner, and a printer. For professionals who must work out-of-office, it is good to invest in a laptop computer. They must also open bank accounts that will help their operations. In particular, they need at least two—a business bank account and a credit card processing account. Card processing accounts allow MasterCard and Visa transactions, while business bank accounts make it easy for the company to track expenses. It also bolsters the image of the business. Conclusion A tax preparation business requires only a small investment of capital. However, it does need time and effort to grow. Once the Becoming Tax Professional has set it up, though, he can expect steady growth from his business. Use Keystone’s award-winning tax software as you grow your tax preparation business. Our 100 percent cloud-based product allows unlimited e-filing with zero hidden fees, giving you the flexibility you need to ramp up your growth. Contact us today for a free demo or for more information!

Understanding how you classify as a Tax Preparer Obligation doesn’t just confirm what forms you have to accomplish and submit, it also allows you to set boundaries with your clients on your responsibilities and capabilities as a service provider. In essence, having a clear delineation of tasks ensures that both parties are aware of your limitations. Understanding how your business differs from other practitioners Unlike previous decades, enterprises and consumers now have more options to find a reliable service provider. This is why Business-to-business (B2B) companies, specifically accounting firms, need to stay competitive to ensure that they’re reaching the right audience. In fact, being particular about your brand’s identity is an excellent way to retarget your marketing strategies and ensure that you’re matching your services to the right clients. Listed below are five classifications of Tax Preparer Obligations that you can fall under: #1: Certified public accountants After passing the Uniform CPA Examination, certified public accountants receive licensure by state boards in US territories. It’s necessary to complete accounting at a college or university while also accomplishing good character requirements by their respective boards. As a CPA, you must always continue your education to ensure that you’re up-to-date in upholding your license. #2: Enrolled agents By receiving licensure through the IRS, enrolled agents need to undergo a suitability check and pass the three-part Special Enrollment Examination. After expressing proficiency in federal tax planning, they need to complete around 72 hours of continuing education to routinely maintain their license every three years. In the end, they will be competent to handle different tax responsibilities, including audits, collection issues, and appeals. #3: Attorneys Attorneys receive licensure from state courts, including the state bar. After passing their law degree, attorneys who specialize in Tax Preparer Obligation laws provide services that can coincide with an accountant’s responsibilities, including Tax Preparer Obligation and planning. #4: Annual filing season program participants Preparers who don’t have the credentials above can still build an accounting practice, albeit with certain restrictions. For example, annual filing season program participants include individuals who did not accomplish accounting courses but have ample knowledge of handling basic tax preparation duties. Accomplishing these voluntary sessions allows someone to have limited representation rights. #5: PTIN holders A step below annual filing season participants is general tax return preparers who have a PTIN number. Since they don’t have the appropriate professional credentials, they cannot represent clients during cases with the IRS. However, they can be present for cases regarding returns. Conclusion Taxpayers can determine a preparer’s credentials and qualifications through the IRS’s public directory for the public’s benefit. It contains a searchable and sortable database of accredited tax professionals, including CPAs, attorneys, and even enrolled actuaries with a valid PTIN. This is ultimately why you need to uphold quality services in good faith, regardless of where you got your licensure as a tax preparer. This is why optimizing your accounting processes are crucial to your business. Furthermore, you must equip your business with the necessary tools to keep up with your clients’ demands. Accounting firms have access to digital tax preparation software that can speed up their work output and mitigate human error risk. By embracing automation, you can focus on securing more clients without worrying about overloading your staff! Integrating the latest bookkeeping tools is necessary for accountancy firms to service their clients with an effective business model. We can supplement your business with tax software for preparers to optimize your accounting processes. Try out our free demo today, and find the right subscription package for your business!

As the dawn of a new year begins, bear in mind that the weight of obligations will be upon countless individuals once more. Quite soon, people will be looking for Growing Tax Preparation services they can trust, meaning that starting and growing a business in the field is a good prospect. There are so many ways to Growing Tax Preparation business, and you can market it all year round to position it as a leading service provider. In doing so, you help taxpayers find the help they need, especially come the ever-dreaded tax season. Growing Tax Preparation a business doesn’t happen overnight, however. It’s not something you can simply think of out of whim, as it requires consistency, a vision, and a solid foundation. All these may sound intimidating, but the right tools are readily available for your perusal—and use! To help you get started, here are three important tools you need to learn. Using this will help you Growing Tax Preparation business, and ultimately, reach the pinnacle of success: Tool #1: Customer service The modern customer is constantly changing, with behaviors and demands dictating the market trend. This holds true even for the world of tax businesses, making customer service a crucial part of your success. Social media platforms are one of the best ways to engage with existing and potential customers, especially social media giants like Facebook and LinkedIn. You’ll be able to interact with countless customers, whether through chat, comments, and even reviews. Engagement is also a telling sign of your reputation, and the number of likes and following can also serve as social proofs of your credibility as a tax business. Any questions and concerns can also be appeased quite easily, ensuring that your customers are happy and satisfied. Tip: Need help trying to figure out customer service? Discover better customer service here. Tool #2: Tax practice software As a business owner, understand that your time is valuable. You’ll be pulled in a hundred different directions, from marketing, employee management, actual tax processes, and even client meetings. Your list of deadlines will be endless, especially when it comes to administrative work that may end up hampering your effectiveness. For this reason, you need to embrace automation, which essentially removes processes that affect your productivity. By investing in a tax software, you’ll be able to automatically obtain client information, manage lists, and even store paperwork for a seamless transaction. Keystone Tax Solutions’ tax software offers the best on the market, saving you time, money, and headache! Tool #3: A strategic website for marketing As a tax business, you will be able to perform better with a website by your side. However, your website must not only be used for information dissemination—it needs to be responsive, easy to use, and aesthetically pleasing. More importantly, however, it needs to contain relevant SEO content that will urge visitors to continue to trust your brand. Your website should essentially be the consolidation of your marketing efforts, a blueprint that contains your social media pages, promotions, and other digital marketing efforts that continue to drive your business. This, however, requires the help of a professional—never hesitate to call for help, such as a professional marketing coach. Make The Most Of Your Tax Business With The Right Partner As you move forward with your tax business journey, bear in mind that you will need time and patience to develop a loyal customer base. You’ll need to put in twice as much effort in growing your business, especially the first few months where you need to build trust and credibility. Once your customers realize what your business can do, however, growth will be continuous. Before you know it, success will be on the horizon. For the best tax preparation services in the USA, Keystone Tax Solutions has you covered. We offer you an innovative professional tax software, designed specifically for tax preparers. Allows us to help you make the most of your business. Get a free demo today!

To start Business Marketing Successfully, you should understand exactly what a bank product is. It’s an offering where your clients are allowed to pay tax preparation fees off of the client’s refunds. This method of refund transfer is going to be convenient for when the client doesn’t immediately have the money that is needed to be paid. In other words, it’s a disbursement option that allows the client to refund their tax from both federal and state agencies. Many benefits come from reimbursement, which is why it has become such a viable Business Marketing Successfully to manage! Here below are a few tips and pointers that could help you improve your tax preparation Business Marketing Successfully: Optimize Your Website Optimizing your website will allow you to gain a larger audience in the online sphere. Aside from having a well-targeted audience, you can also get a higher SEO (Search Engine Optimization) ranking—meaning that you’re likely to pull in clients who are likely to need your services! Your website must have a decent SEO rank so that your website will show up more often in search results when people research about tax preparers. Use Social Media Social media is considered to be the easiest platform to market whatever it is you are selling, which is mostly because a large population of people often spend their time browsing it. There is an estimate that about 60-70% of the total population of America uses Facebook—and that in itself is an amazing statistic when computed to distinguish your potential traffic! Find Your Target Audience Just like with any other Business Marketing Successfully, a market is poised to find its target audience. What makes it so important is because you have more control over what content you provide, which means that you could adjust it however you want to best fit with your audience. Keeping your audience engaged is how you keep your Business Marketing Successfully—and that can only be done when you know and understand who you are marketing to! Talk about important selling points that you can offer, such as taxation software and the best tax preparation methods. These are sore points that any business would want to have help with! The Benefits Of Tax Preparation You should also know about how your line of work can benefit your clients so that you can have better work performance altogether. Many benefits come with having someone else prepare taxes for them—and here are some of those benefits: One can get an immediate Tax Refund; there’s no more need to wait for long periods! It’s a one time payment only—no further out-of-pocket expenses for the service. A variety of refund options will allow for easy access via check, debit card, and direct deposit. Clients are given better loaning options that depend on the tax refund viable for them. Enforcing these benefits on your client will entice them into buying into your Business Marketing Successfully . It’s also a great way for them to make tax management easier to deal with, so there shouldn’t be any problems regarding the matter. Having a tax software professional is a huge advantage, especially for businesses that are just starting out. Conclusion Things could go a lot smoother for both you and your client if they had their utmost trust in you—which is why it is important that you also build a relationship with them. Keep in mind that if you become a client’s regular, you’re going to spend a lot of time working on their taxes. By continually innovating and expanding your knowledge-base, you can really market your Business Marketing Successully to achieve better success in your field. Are you looking for a reliable and innovative software for tax preparers? The Keystone Tax Solutions provides one of the easiest ways for tax preparers to get their affairs in order. Handle multiple clients at ease and stay on top of your work as your business grows with our help! Sign up for a free demonstration today.

When running a tax preparation business, it’s not uncommon for you to encounter clients who procrastinate. What’s worse is that every time Busy Tax Season comes around, you often find your team in a sea of shoeboxes of receipts. On that note, it pays to remember that procrastinating clients can bring problems to your firm. Accommodating their needs and requests can stretch your manpower too thin and cost you money. On top of that, some clients can also be quite demanding. They send in their documents the last minute, expecting you to miraculously sort everything out in a day. Fortunately, there are techniques you can employ to manage such clients wisely and make it through the Busy Tax Season well. On that note, here are three smart tips worth following to work with your customers efficiently during such eventful times: #1: Use a Professional Tax Preparation Software One of the most straightforward ways to make your job easier is to leverage the technology available today. Most tax software programs come with tax organizers and online client portals. Educating your clients on how to use these can greatly improve your workflow. Such tools let them log in and upload their documents easily. Moreover, it lets both of you keep all files in one convenient and accessible place. Ultimately, this helps your clients develop better tax prep habits. This means less stress and improved efficiency for you! #2: Enforce Deadlines and Boundaries Even before Busy Tax Season comes around, you must be upfront about your tax preparation timetable. It pays to let your clients know how much time is needed to complete their tax returns. This gives them an idea of when they need to get their documents ready. Aside from this, you must also set and enforce boundaries as to how your clients must treat you and your staff. If a conflict arises, your first response must be to maintain a respectful attitude while determining the issue. However, you should not allow your customers to become abusive with you or anyone in your team. If you have clients who have become problematic for your firm, do not be afraid to turn them down. You may refer them to another firm instead. #3: Strive to Create a Balanced Schedule The Busy Tax Season will surely keep your whole team busy. In some cases, it may also require you to extend your working hours to get things done. With that said, you have to plan your work hours carefully. First, it’s a good idea to assign a time for working and a time for facing clients. Aside from that, you must be mindful of the times your team has been working overtime. Creating a balanced schedule ensures that you and your associates will not be pushed excessively past the normal work hours. Conclusion Busy Tax Season will be inevitably busy every year. This is especially true if a lot of your clients have become accustomed to procrastination. Fortunately, there are strategies you can employ to help them create better tax prep habits. Particularly, following the tips mentioned above can help you achieve a smoother and more efficient collaboration with them. Are you searching for professional tax preparation software to improve your firm’s workflow? Look no further than Keystone Tax Solutions! Our online software has all the tools you need to grow your tax business. Get in touch with us today to learn more!

With another Support Tax Preparation season on the horizon and more businesses clamoring to stay on top of their finances, tax preparers now have the responsibility to serve all clients’ needs. After last year’s downfall with the COVID-19 pandemic and its constant shifts to the financial Support Tax Preparation landscape, this year’s filing season is expected to return in a more normal fashion. As a professional Support Tax Preparation practice that’s learning to adapt, you’re probably anticipating both changes and semblances of normalcy in your operations. Compared to the previous year, which was segmented in terms of the rigorous standards that were in place, no delays will be accommodated, and no drastic changes will be made for the 2021 tax season. Given that government bodies have managed to adapt and enforce remote working systems, a full season lies ahead where your clients will need to source your services the most. However, there’s just one concern that you may have regarding the whole idea of serving your clients as you enter a new season with fewer limitations: how do you Support Tax Preparation them virtually? Factors to consider when supporting clients virtually during the tax season With the digital migration in full swing for all industries and businesses, it is not a surprise that the Support Tax Preparation industry is no exception. The main idea that any preparing practice needs to take away from all this is that there are many opportunities to use digitization well enough to Support Tax Preparation clients virtually. As social distancing guidelines remain in place, your firm has the growing responsibility of making sure that everything runs smoothly for your clients as they prepare their taxes. Fortunately, you won’t need to put yourself in a difficult situation of trial-and-error when supporting your clients because investing in these solutions can help: #1: A client portal With most, if not all, of your clients being forced to remain indoors and hold off in-person meetings, it’s critical to have all the information they need accessible through the internet. This is where a client portal comes into the picture. With this solution, you will have a safe and secure way to share digital documents so that your patrons can stay up-to-date on the figures and data they need to worry about. Apart from knowing critical data, a portal will help immensely with supporting your clients’ needs because it also allows them to make appointments and payments, making management experiences easier! #2: A dependable website Seeing that a growing number of American business owners are looking for Support Tax Preparation agencies to partner up with, you must prepare your website so that potential clients can find you first. Through a well-developed and maintained site, you can help bring your business’s value to the table and convince potential customers to let you handle their tax prep-related needs! #3: Tax preparation software During tough times like these, it is safe to say that you may not have all the time in the world to prepare your clients’ finances as you usually can because of all the tasks that are on your plate. Thankfully, letting Support Tax Preparation software—such as those provided by Keystone Tax Solutions—take over the manual work will leave you with more time to best cater to other pressing matters! Conclusion Right now, it is safe to say that handling your clients’ needs for this incoming tax season may be a bit of a challenge because of the digital transition taking place and extra details that need to be considered. Thankfully, using the three solutions mentioned above will greatly help with supporting your clients well enough to keep them satisfied throughout the season and more than happy with the results! With tax season around the corner, it helps to have the best professional tax preparers software to help you support your customers as they partake in the digital switch. If you want to learn more about how our top-level solutions can help with your tax preparation business, get in touch with us today!

The COVID-19 pandemic has gone on longer than most people anticipated, which means that most professionals have attended or hosted a slew of online Meeting With Clients that may or may not have gone so well. Now that viable vaccines are in the pipeline, an end to virtual Meeting With Clients may be in sight, but not for many more months. With the world almost unanimously shifting to a new normal, working remotely and avoiding face-to-face discussions are likely to become the standard, which means it will remain imperative to brush up on your video call etiquette. While professional tax preparers software has lightened the task of calculating your clients’ taxes, you’ll still need to keep them updated on any important developments. Staying connected to your clients at this time is essential, especially as business activities picking back up across the country. Here are five tips to help you out: #1: Pay Attention The phenomenon of endless Zoom calls during the pandemic has made headlines for the many mishaps and funny moments during such an unprecedented time. However, you’ve probably heard of disastrous or dull Meeting With Clients where the other participants were staring down at their phones or were visibly distracted. Although some people cannot take their calls in peace because they share their residence with many other people or have young kids, it is still essential to pay attention and stay engaged throughout the meeting. Giving your client your full attention will assure them that you’re giving your 100 percent to all their needs, demonstrating your dedication to your role. They’ll definitely appreciate your attentiveness, so be sure to have the correct body language that makes it clear you’re hanging on to every word they’re saying. #2: Prepare a Professional Setup Having online Meeting With Clients at home means you’re vulnerable to many distractions that can interrupt the call. Barking dogs, neighboring construction, or hyperactive children can sometimes become the main attraction, which can often hamper the effectiveness of the call. Before your Meeting With Clients, ensure to eliminate as many of these distractions as possible. Be sure to prepare proper lighting in your work area so that your client can see you clearly. Put lighting in front of you or over your setup, although if you can take advantage of natural lighting, that would be even better. Be sure to dress appropriately like you were meeting in person as well. #3: Act Like You’re Meeting In-Person Even though you’re conducting the Meeting With Clients at home, it doesn’t mean you can do away with the professionalism of in-office meetings. Behave like you’re still meeting in their office or yours and use the same formal language and mannerisms you usually would. Not only would they appreciate it, but it would also instill a sense of normalcy in an incredibly unpredictable time. #4: Show Up Early Online meetings are much easier to attend than in-person ones because there’s no traffic—vehicular or elevator—to contend with, but it doesn’t mean it’s acceptable to show up late. Log into your meeting early so that you can organize your notes, verify the stability of your Internet connection, and ensure you have the right meeting link and credentials. It will also demonstrate to your client that you’re remaining professional and appropriate throughout your meetings, mainly as you discuss something as important as their taxes. #5: Use the Mute Button When Necessary Sometimes, you can’t control the noise around you, no matter how hard you try. If your atmosphere contains a few distracting background noises, be sure to use the mute feature when you’re done talking. That way, you can hear your client clearly even amidst the noise of the vacuum cleaner, the food processor, or any TV shows your household is watching. Wearing earphones or headphones will also help cut out the noise and focus on what your client is saying. Your client is sure to appreciate the extra gesture and consideration. Conclusion While the pandemic has forced people to stay home to stem the virus’ spread, people have found ways to remain productive and keep businesses going to support the economy through online meetings. In fact, they’ve often been called the lifeblood of many companies, as these virtual discussions have allowed businesses to stay afloat even during the most unpredictable times. By keeping these tips in mind, you’ll enjoy productive and successful online meetings with your clients. Keystone Tax Solutions provides the best professional tax software for those who take care of their clients’ taxes. It’s easy to use, designed to grow your tax business, and comes with unlimited customer support. Contact us today for a free, fully working demo!