How to Obtain and Renew Your PTIN


A Preparer Tax Identification Number (PTIN) is a unique number issued by the IRS. As a paid preparer, you are required to have a PTIN, and it must be renewed every year prior to the start of the tax season. Here is a quick guide to the steps, requirements, and costs associated with applying for and renewing your PTIN. Who needs a PTIN? A PTIN is required for anyone who…

The Importance of Tax Preparers Owning Their Role in Cybersecurity


Cybersecurity can be a complicated and intimidating topic for many tax preparers. But what may seem too large for any one person to solve can actually be a very manageable task with a little knowhow. Keep reading to learn how you can own your role in cybersecurity and strengthen your tax prep business’s integrity. What data are hackers looking for? Hackers…

An Upgrade Strategy for Your Office Computers


As tax season approaches, its time to start making plans to upgrade your office computers. This article will give you guidelines for upgrading and an overall strategy for replacing outdated computers in your office.  Assess your current computers Take a few minutes and inventory your computers. Gather the following data for each office computer you will…

Is My Client’s Unemployment Income Taxable?


Many of your clients may have received unemployment compensation for the first time in 2020 due to COVID-19. They may be wondering if it is taxable or if it will affect their refund. We answer those questions and more in this article.   Is my client’s unemployment compensation taxable?   Yes, your client’s unemployment income will be…

How Will the Consolidated Appropriations Act Affect My Clients’ 2020 Taxes?


The Consolidated Appropriations Act was passed in December 2019. It extended many popular tax provisions that expired at the end of 2017. In the act, Congress also extended many provisions retroactively to the 2018 tax year.   What is a tax extender/tax provision?  The specific tax extenders detailed in this article will be…