When I was working in a small practice, tax season always felt like a race to me. After months of preparation, I sped toward filing deadlines that were akin to finish lines. Whether the goal was to take first place or simply get it done, I wanted to cross the line as strong and healthy as possible. That meant I had to pay close attention to my pace.
A big part of good race pacing is having supportive resources and people helping you along the way. Luckily, you have the AICPA and Tax Section team cheering you on. Here are ten resources I think will help ease the pressure this tax season.
First and foremost, bookmark the Tax Season Resources for CPAs. It’s a hub of resources that’ll help you hit the ground running. You’ll also find news, practice guides and links to valuable toolkits like the 2018 Annual Tax Compliance Kit.
Did you pick up your tax reform pocket guide at the AICPA ENGAGE or National Tax Conference? If yes, GREAT. If not, don’t fear. We have a version of it on our website. Download this guide for an overview of federal tax law changes and planning opportunities.
Are you still unsure of how the new Sec. 199A will affect your business clients’ taxes? Take a look at the 199A flowchart on the Tax Reform Resource Centre. You can also find FAQs, news, podcasts and interact with our unique Sec. 199A virtual assistant.
With all the media and press about tax law changes, you’ve probably spent more time than usual educating your clients about their taxes -- and maybe now you’re wondering how to handle questions about billing. Check out these Q&As related to billing for talking points.
Do you consult with your clients regarding their potential state sales/use tax nexus? To help you with recent changes in this area, review the resources on the South Dakota v. Wayfair
You may have clients or colleagues asking you questions about how tax reform will affect their taxes this year. Download the 2018 year in review presentation from the Tax Practitioner's Marketing Toolkit to make presenting this topic little easier.
Still trying to wrap your head around all the technology changes happening in the profession? Get future ready with the information and tools in the new Tax Technology Resource Center.
Looking for info on the due dates for federal and state returns? We got you. Refer to a handy chart on common federal due dates, and download state guides for businesses and individuals from the tax return due dates
There are many tax issues to consider when working with a new business. Use this initial business return filing checklist to assist you with filing your clients’ first year returns.
Do you need some insight into the top financial and tax planning ideas for 2019? Join this webcast on Feb. 7 to find ways to demonstrate your value during the upcoming season.
One of my favorite motivational quotes is “Don’t stop when you are tired. Stop when you are done.” I know you’ll all be tired at various points during this stressful and busy time. Just remember: you have help all along the way. Gear up now and pace yourself so you can cross the finish line strong.
Race smart, my friends!