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5 Critical Questions to Ask Your Accountant About Tax Planning BEFORE Tax Season

CTP

Do you feel that you pay too much in tax? The General Accounting Office estimates that Americans over-pay their taxes by almost a billion (yes, that’s billion) dollars each year! That’s why tax planning is gaining in popularity. Some obvious reasons are mistakes or oversights on their tax returns. You’re not alone.

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Evaluating a Tax Preparer: Understanding Reasonable Tax Positions

CTP

One of the many benefits of working with a tax professional is the guidance they provide in developing tax return positions that substantiate why certain income qualifies for tax-exemption or why you are eligible for a certain tax deduction. This is actually a lower standard than some may assume.

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Evaluating a Tax Preparer: Determining a Fair Fee

CTP

As news headlines proclaim stories of tax fraud, taxpayers may wonder how they can trust that their tax preparer is abiding by ethical practices. For instance, how do you determine if a tax planner is charging a reasonable fee? A reliable guideline is that a fee should represent a fair exchange of value. Surely not!

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Business debt restructuring: How to do it with money saved on taxes

CTP

Saving money on taxes could be an excellent solution in this regard. The different ways a business can save money in taxes are discussed below. Preparing a hardship letter. How to save money on taxes for debt restructuring. Saving money on taxes is one of the best ways to accomplish this. Here’s how you can do it.

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Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. To stay up to date on industry news and developments, feel free to sign up for our daily tax and accounting newsletter or explore our continuing professional education for CPAs with Checkpoint Learning.

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Business debt restructuring: How to do it with money saved on taxes

CTP

Saving money on taxes could be an excellent solution in this regard. The different ways a business can save money in taxes are discussed below. Preparing a hardship letter. How to save money on taxes for debt restructuring. Saving money on taxes is one of the best ways to accomplish this. Here’s how you can do it.

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Death And Taxes: One Is Becoming Much More Digital

PYMNTS

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. B2C disbursements account for more than 3.5

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