2009 Tax Filing Season Resources

2009 Tax Filing Season Resources

Updated on Feb. 15, this is your one-stop shop for all the updates you need to know for this year's tax filing season. Find resources from the JofA and The Tax Adviser, plus tax return checklists and tax savings tips from the AICPA, categorized by tax topic.
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CPA Letter Daily

"Designed specifically for CPAs and those who work with the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news. "AICPA

IRS Reminder: Make Use of Recent Tax Law Changes for 2008 and Dec. 31 Is the Last Day for Most of These Actions

Year-End Tax Tips
You can help your clients make use of recent tax law changes for 2008. Fact sheet FS-2008-26 provides numerous tax tips and links to an English and Spanish podcast that provides useful year-end tax planning information.
And if your clients make year-end contributions to charity, keep in mind several important tax law provisions that have taken effect in recent years. Details are in news release IR-2008-138. Remember that Dec. 31 is the last day for most of these actions to occur.

Important Deadline Looms for One-Owner LLCs

Beginning January 1, 2009. Soon solo owners of limited liability companies (LLCs) will no longer be able to file employment tax returns and pay employment taxes in their own names. Tax specialists Terry Myers and Dee DeScherer discuss the new rules in detail and provide a client letter that could be adapted and sent to affected clients.
Next Step: Learn more about hour your LLC clients could find themselves having to file employment taxes under one EIN and income taxes under another.
Soucre: Intuit

Five Quick Ways to Keep Clients Loving Your Services

Acting on What You Know. Practitioners know that it costs less to keep a current client than to recruit a new one. Then why do many practitioners spend their time delivering services with little to spare on worrying about client relationships? Scott Cytron interviews Tina A. Gray of TAGPro Resources and Bruce Allen of Marketing Catalyst, about what's really at work in long-term client retention. In the process Scott sketches five great ways to keep clients happy. While these steps require a little effort to implement, they are quicker than the time you would have to spend to replace lost clients.
Next Step: Learn all of the Five Great Ways to Keep Clients Satisfied to apply in your business.
Source: Intuit

IRS Tax Tips on SBTV.com

SBTV.com and the Internal Revenue Service: making taxes less taxing for small businesses. Your one-stop resource for help and information on small business tax issues from the IRS.

To check out the IRS Tax Tips, please click here

New on IRS.gov - Small business video and audio presentations

A new page on IRS.gov features video and audio presentations on a variety of topics for small businesses and self-employed taxpayers.

An online audio podcast for first-time Schedule C filers includes basic tips to help new business owners avoid potential problems.

To check out this page, please click here