PAYCHECK PROTECTION PROGRAM (PPP)

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities. Loans from the Paycheck Protection Program will […]

IRS “GET MY PAYMENT” Tool

The IRS Get My Payment information tool is now LIVE on the IRS website. Taxpayers can use the Get My Payment site to: Check on the status of their Economic Impact Payment. Confirm their payment type (direct deposit or mailed check). Add their direct deposit information if it has not already been provided to the IRS. Taxpayers will not be able to update their mailing address using […]

CARES ACT UPDATE

Economic Impact Payment Information As the IRS prepares to issue approximately 175 million Economic Impact Payments, We have been working closely with the industry leaders to develop a strategy that gets refunds into taxpayer’s hands without creating a burden on tax professionals. What your clients can expect? A taxpayer who filed through your office and […]

ECONOMIC STIMULUS BILL

Your phones are probably ringing with taxpayers wanting to know about their stimulus checks. The below article is not intended to address all potential scenarios but to hit on the stimulus check highlights regarding the questions we are being asked. Who gets what? Things to know… Stimulus payments will be phased out for certain income levels: Individuals […]

PAID PREPARER DUE DILIGENCE LAW

IRS paid preparer due diligence compliance program is not something new to the tax industry, but the IRS is continually adopting new tactics and adding new things to the program. The paid preparer due diligence compliance program includes earned income credit (EITC), the child tax credit (CTC), additional child tax credit (ACTC), the other dependents […]

TEXT MESSAGE MARKETING

Come tax time your customers are being messaged nonstop by your competitors via T.V, radio, and even social media feeds. The only thing better than that is sending a personalized text message. It’s an affordable and effective strategy to reach your customers wherever they are.   When you are evaluating your communication options, consider this: […]

TIME TO RENEW YOUR PTIN FOR 2020

Time to renew your PTIN again…IRS is urging tax return preparers to start the upcoming 2020 filing season smoothly by renewing their preparer Tax Identification Number (PTIN) now. all current PTINs will expire December 31, 2019 Anyone who prepares or helps in preparing a federal tax return for compensation must have a valid PTIN from […]

DEADLINE FOR FILING 2018 TAX RETURN

It’s almost here… Taxpayers who had previously requested an extension to file their 2018 tax return, this year’s deadline is Tuesday, October 15. If your client is getting a refund, there is no penalty for filing return after April 15th. FYI…they don’t even need to file extension! So, if you have clients for whom you […]

IRS WARNS ABOUT PROPERTY LIEN SCAM

This is a new version of tax-related scams. This scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency.  Here are some details about the property lien scam that will help taxpayers recognize it: This scheme involves a letter threatening an IRS lien or levy. The scammer mails the […]

Mastering the Art of the First Impression

At National Tax Office, we want to put all our entrepreneur clients on the right track when starting a successful business. Since you’ll be meeting with potential clients of your own, one of the most critical things you need to keep in mind is the importance of a first impression. A first impression can make […]

How Diet Affects Your Work

Entrepreneurs are constantly looking for ways to improve efficiency and productivity, and if you fit this description, we’ll bet you’ve read countless books, articles, and blog posts on the newest way to enhance your work output. But while you may be up to your eyeballs in time tracking systems and organization tools, there’s one productivity […]

5 Things Wealthy Entrepreneurs Do on a Daily Basis

Tips for Entrepreneurship Success Beyond Managing Money Well Successful entrepreneurs experience success because they visualize and set goals and then follow that up with actions steps that take them closer to achieving those goals. Additionally, most successful people set themselves up for success through preparation and discipline.  Being able to manage finances is essential for […]

Why Do We Procrastinate?

Everyone has been in the situation where you have to get something done, but then you convince yourself to put it off, even if you had the time to do it right in that moment.  Procrastination is just something that we have a tendency to do, but where did this tendency come from? Why are […]

3 Ways to Keep a Good Work-Life Balance

Building a business from scratch is hard work and is certainly not for the faint of heart. It often takes long, lonely hours and intense focus on the task at hand to reach a point where you feel comfortable enough with your company’s success to step back for a breather. While a good entrepreneur knows […]

Enhancing Collaboration With “Plussing”

Collaboration is rarely a smooth and simple process. Team members come together and offer opposing ideas with disagreements and critiques abound, and in the end, one idea comes out on top while the rest are tossed aside. While that one idea was able to triumph, what if one of those ideas that didn’t make it […]

5 Characteristics Necessary To Start A Business

Every success story is different, but it takes a special kind of person start and run a successful business, someone who’s a step ahead.  But what is it that gives them this advantage that they need?  When looking at those who have found success, there are common characteristics that they all share, which provide with […]

Celebrating Entrepreneurial Women

How Moms and Women Can Start Their Own Business in Honor of Mother’s Day Following Mother’s Day, there is no better way for women to honor the occasion than by becoming entrepreneurs and starting their own successful businesses. Although there are many different careers women can choose to pursue, tax preparation is currently a booming […]

To Splurge Or To Save

5 Popular Ways People Spend Their Tax Refunds Every year, people across the United States are faced with an extremely difficult decision: should they save their tax refund money or spend it on something they have always wanted? Even individuals with the best intentions of saving their money sometimes change their minds once they hold […]

What Do Our Taxes Actually Pay For?

Your Tax Dollars, Hard At Work Every year Americans work diligently to minimize their tax liability to the federal government, hoping for a significant return and some extra spending money. With billions of dollars being funneled through the IRS each year, many people often wonder what government programs are being supported by their hard earned […]

Avoiding Fraud As A Tax Preparer

The Importance Of IRS Registration & How NTO Can Help There has been a steep and apparent rise in the number of fraudulent tax filings, raising questions and concerns for people across the nation. Many are wondering what qualifies as “fraud,” and what steps they should take to avoid it. What Counts As Tax Fraud? […]

Who Uses Tax Preparers?

Don’t Most People File Their Own Taxes? While it’s true that many people will prepare and file their own taxes, more than half of Americans still rely on professional assistance. Many of those who file themselves are also unaware of the savings they are missing, and may believe that it is not worth the cost […]

Beat The Tax Rush!

Filing Early? Take Advantage Of The Extra Time! April 15 is approaching quickly, and millions of Americans will soon be searching for a tax professional to assist them with this year’s filing. Instead of paying someone else, year after year, to prepare and file your taxes, shouldn’t you be the one getting paid? Tax preparation […]

The CPA Myth & Why You Don’t Need An Accounting Degree To Prepare Taxes!

Starting a business is a dream shared by countless American’s, and few opportunities offer the stability and return as a professional tax preparation business. Every year hundreds of millions of Americans seek the help of a professional to save time and money, creating incredible demand for those with the knowledge and skills to properly file […]

ACA Penalties: Will Obamacare Affect Your Clients?

The Affordable Care Act, commonly known as Obamacare, has changed the way millions of Americans receive health care coverage. This sweeping legislation has undoubtedly helped many gain coverage, but there are still several million people without coverage. Beginning in 2014, those who fail to acquire coverage are subject to a tax based penalty under most […]

The Benefits of Being a Tax Preparation Professional

If you are faced with the decision of whether or not to start your own tax business, it could be helpful to take a closer look at the benefits of doing so. Tax preparation professionals can enjoy a variety of career advantages that aren’t as readily available to experts of other industries. Career Stability An […]

What Makes a Successful Tax Professional?

Characteristics of the Most Successful Tax Professionals Here at National Tax Office, we pride ourselves on being able to offer the most helpful training and tools for individuals seeking to begin a career in tax preparation. Coupled with the right resources, there are some basic characteristics and skills that will help you achieve your highest […]

What do Our Taxes Pay For?

What Do Our Taxes Pay For? At National Tax Office, we believe that the best place to start when opening up your own tax business is to educate yourself on exactly what taxes are, why we pay them, and what they do for us. What good is starting a reputable tax preparation franchise if you […]

What is the Right Time to Start a Tax Business?

Do you want to start working as a tax preparer but can’t find the right time? If you think that the idea of starting your very own tax business sounds appealing and profitable to you, don’t delay – take the plunge right now! Don’t wait for the Tax Season to begin The most common mistakes […]

How to Begin Your Tax Business Now

Are you talented, hard working and passionate and yet find it difficult to land the job of your dreams? It’s not because of your lack of skills or effort that you can’t locate a decent job – the saturation and competition in the market has increased the number of unemployed workers even for the most […]

Becoming a Tax Preparer: Things You Will Need

The word tax preparation is a nightmare for many. The idea of getting hold of their yearly financial records, looking through a pile of receipts and spending hours poring over calculations and filling out forms may scare off a large majority of the population. On the other hand, there are always people who like to […]

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