Don't let your clients' data be at risk. Protect your business and your clients' with these smart tips

5 Tips to Protect Your Tax Preparation Business from Cyber Crime


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…


TaxSlayer Pro can help you enter partnership capital account business returns.

What is a Partnership Capital Account?


A Partnership Capital Account is a distinct account that shows the equity in a partnership that is owned by specific partners. This account typically exists as an item that is shown in a business’s financial and accounting records rather than as an actual bank account, although this depends on business practices. Businesses may choose to create separate…

tax preparer filing a form 1041 schedule k-1

Form 1041 Schedule K-1 FAQs


What is the K-1 Tax Form? Schedule K-1 (Form 1041) – Beneficiary’s Share of Income, Deductions, Credits, Etc. is an informational tax form that shows the beneficiary’s share of an estate or trust. The share may include income, credits, deductions, and profits. This form shows the pass-through of tax responsibility from the estate or trust to the person…

tax preparer filing an amended return with TaxSlayer Pro

Form 1040X vs. Form 1040


Errors on tax returns are common, even when filing as a professional. Form 1040X allows tax preparers like you to modify information that was incorrectly submitted on your client’s return. If a client fails to disclose information like a W-2 or a side gig, you will need to amend their return. We’ve compiled some tips for a straightforward amendment…