Tax practice

The Internal Revenue Service has launched a campaign this summer to persuade tax professionals to improve their cybersecurity amid an escalating series of ransomware attacks around the world.

A pair of lawmakers introduced bipartisan legislation to regulate tax preparers in the latest effort to ferret out unqualified preparers.

The extra funding will mainly be spent on product development.

Clients howl if invoices rise past a certain level, yet your firm’s services can suffer if it holds back in fear of their indignation. Here’s how to strike the right balance.

No, that’s not a typo. You can focus on five figures per hour once you know how best to leverage your time.

The Internal Revenue Service has been pilot testing new technology allowing for secure tax transcript retrieval that can integrate with an accounting firm’s practice management system.

Tax season has the largest concentration of clients and presents the best opportunity to find out what clients think about your services.

Considering how involved tax season is with its many moving parts, there is always room for some improvement.

If you think clients don’t notice when you ignore their messages or send them terse responses days after they’ve reached out to you, think again.

The Big Four firm has bought a large London-based firm that provides U.K. and U.S. personal tax services.

If employees are a company’s greatest assets, then children are a person’s greatest treasure.

If a picture’s worth 1,000 words, how much is a video worth?

Don’t just tell clients their returns have been submitted. Take them on a tour of the highlights.

Just getting through tax season is not a strategy.

If you don’t receive a five-star rating from a client, don’t get angry or brush it off.

One person lagging or falling behind or not meeting their due date commitment holds back everyone else.

Which has more priority — reviewing a return that would take two hours to complete, or reviewing 12 returns that would take 10 minutes each?

March 15 is a busy date. The S corporation and partnership returns are due then, so the K-1s can be distributed timely.

By becoming a learning organization, your team can learn to solve their own problems and free you up to focus on clients and big-picture initiatives.

Overpromising and missing deadlines is a guaranteed way to disappoint clients.