Tax Tips

If someone in your life passes, you might need to file their taxes post-mortem
Tax Tips

Filing a Tax Return for a Deceased Person

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Managing a deceased loved one’s estate is extremely difficult, especially when a client needs to file their taxes.  Help make your client’s life easier by guiding them through the process by using these common questions as a guide.Who assumes the responsibility of filing a tax return for a deceased person?The executor, or the person in charge of the decedent 
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Not all income is subject to tax
Tax Tips

Understanding Tax-Exempt Income

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Depending on your client’s unique situation, not all income is subjected to taxation when they file with the Internal Revenue Service (IRS). While only a small percentage of income types are nontaxable, there are some sources that are not subject to any federal or local government taxes.These tax-exempt income sources include the following, which are paid…
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Don't let your clients' data be at risk. Protect your business and your clients' with these smart tips
Tax Tips

5 Tips to Protect Your Tax Preparation Business from Cyber Crime

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If you own a tax preparation business, you handle sensitive data such as Social Security numbers, financial records, and personal information on a daily basis. That’s why it’s crucial to keep your business and customers’ information protected from cybersecurity threats. Here are five ways to safeguard your business from cyber attacks.Encrypt and Back…
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