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On Schedule C’s and Setting Rates

By | April 22nd, 2014|Categories: Editorial Commentary|Tags: , , |

According to research from the National Society of Accountants, the price for a Schedule C (sole proprietorship tax return) is $205. My fee for a Schedule C starts at $50. There's a lot to say on fees (like ... I will no longer tolerate people complaining about my fees after I've seen research like what I [...]

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What’s So Bad About More People Preparing Their Own Taxes?

By | March 11th, 2014|Categories: Editorial Commentary|Tags: , , |

Last week I read two articles on the CPA Trendlines website which breathlessly stated that there were "price wars" over tax preparation this year, and that preparers were losing price-sensitive clients. We also know that the number of tax returns being prepared by professionals has decreased this year, while the number of self-prepared returns has increased. [...]

Are Other Tax Pros Screening EIC Clients?

By | April 19th, 2013|Categories: Editorial Commentary|Tags: , |

I'm curious to know if other tax pros are doing any kind of screening of clients and refusing to serve those who qualify for the Earned Income Credit? And if so, how does that work? Like I said in my post-tax-season recap, returns claiming the EIC make me extremely nervous. I know that all of the [...]

Should a Small Tax Firm (Or Any Small Business) Pretend to Be Bigger than They Are?

By | September 25th, 2012|Categories: Editorial Commentary|Tags: |

In this article, the author, an entrepreneur, encourages small businesses to look bigger than they really are. I agree with some of the ideas (niche marketing, professional-looking website and using a mailing address that is not your home address even if you're home-based). And I'm skeptical of other ideas (pretending to have multiple physical locations). My [...]

Being in the Tax Business and Making Mistakes

By | June 22nd, 2012|Categories: Potpourri of Tax Topics|Tags: |

I read with great interest Bruce McFarland's response to a bookkeeper asking him for advice about mistakes the bookkeeper made on a partnership tax return. If there's one thing to know when you start your own tax or accounting business, it's this: you are going to make mistakes in those early days. I don't care how [...]

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