“The goal is to turn data into information, and information into insight.” – Carly Fiorina, former executive, president and chair of Hewlett-Packard Co. Tax season just finished; it’s so easy to get caught up in the chaos and forget to do all those little things that will matter once the storm has settled. I have … Read more
In my experience, it’s much more valuable to know who is not your customer or client than who is. Why? This journey led me down a road that is long-winding and has many different pathways. In the end – and thanks to the fact that experience is the best teacher – I concluded that no matter … Read more
Eric is busy these days. He’s running a business and does his best to keep track of his numbers. Despite his best intentions, Eric is a bit disorganized and still hasn’t quite figured out how to use QuickBooks Online. While reviewing his numbers, Eric sees an unusually large balance in Undeposited Funds. He’s really confused … Read more
The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their federal taxes following system issues that surfaced early on the April 17 tax deadline. Tax preparers will now have until midnight on Wednesday, April 18 to file their clients’ taxes. Taxpayers do not need to do … Read more
The IRS has told us they’re having technical difficulties and Modernized E-file (MeF) systems are unavailable. Intuit will continue to hold and timestamp e-filed returns. These returns will show as “Received by Intuit,” and we will send them to the IRS as soon as e-file is available again. Returns submitted before midnight today are considered … Read more
At some point, you’re going to need to learn the Sec. 199A deduction inside and out if you serve small businesses or real estate investors. This new deduction within the Tax Cuts and Jobs Act produces big tax savings, but to get through this tax season and your clients’ extensions, make sure you know at … Read more
The Tax Cuts and Jobs Act, signed into law on Dec. 22, 2017, overhauls the Internal Revenue Code and provides broad tax relief to workers, families and businesses of all sizes. Beginning in tax year 2018, tax rates are lowered for individual and business taxpayers, and various tax deductions and credits are changed, with individual … Read more
With more than 500 apps in the QuickBooks® App Store and thousands of others for PCs, Macs, and iPhone and Android devices, tax and accounting professionals have numerous ways to enhance their services to their clients. We asked several of our authors who contribute to the Intuit® ProConnect Tax Pro Center for their feedback and … Read more
What kinds of technology did you use for tax season other than Intuit® ProConnect Tax Online, Lacerte®, ProSeries® or another tax program? Better yet, how did these technologies make your practice more efficient? We decided to chat with several tax professionals to find out what their favorite technology was for tax season. Here are their … Read more
Over its 34-year history, Intuit’s® goal has remained the same: to help small businesses be more successful. Intuit is continuing this mission by investing in Artificial Intelligence, machine learning, mega platforms, blockchain and other technologies to provide its customers and partners with new and better ways to continue to thrive in today’s digital age. As … Read more