Intuit ProConnect Team

Tax Lessons for Teachers

August 10, 2018August 13, 2018 / Intuit ProConnect Team

Selective focus on nearest part.
Technical info:
This photo was taken using a 21mp full frame Canon 5D Mark two
with L lens.

As students head back to their classrooms after the summer break, so do their teachers. It’s time for a quick brush-up course on tax benefits for your clients who are in the teaching profession. Classroom Expenses In a perfect world, schools would...

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Tax Law and News

IRS Issues Proposed Regulations on New 20 Percent Deduction for Pass-Through Businesses

August 8, 2018August 13, 2018 / Intuit ProConnect Team

The Internal Revenue Service issued proposed regulations on Aug. 8, 2018, for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new deduction — referred to as...

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Practice Management

Interview With Michael Hitchcock, QBOA Practice Management Visionary

August 8, 2018August 13, 2018 / Intuit ProConnect Team

We recently sat down with Michael Hitchcock, the product manager of the Practice Management features within QuickBooks® Online Accountant (QBOA) here at Intuit®. Here are some of the highlights. Q: Michael, tell us about yourself and your background, and what...

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Practice Management

IRS Reminds Tax Pros to Use Strong Passwords, Encryption to Protect Taxpayer Data

August 4, 2018August 6, 2018 / Intuit ProConnect Team

The IRS and its Security Summit partners urge all tax professionals to use strong passwords to protect accounts from cyberthieves and to consider encryption for all sensitive data. Strong password and encryption protocols should be standard features of any data...

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Practice Management

Free Custom Analysis: Is Your Firm Set Up for Future Success?

August 3, 2018August 8, 2018 / Intuit ProConnect Team

Is your firm set up for future success? Take our 10-to-15-minute quiz to find out! You’ll receive a detailed analysis tailored specifically to your firm. Your report will include: Stats on how your firm compares to others in the industry...

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Tax Law and News

August 2018 Tax and Compliance Deadlines

July 31, 2018August 13, 2018 / Intuit ProConnect Team

All over the country, tax and accounting firms are assessing the impact of the Tax Cuts and Jobs Act, finishing extensions and preparing for tax year 2018. Here’s a list of this month’s important tax and compliance deadlines. In August,...

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Tax Law and News

Tax Breaks for Homeowners: What’s Still Deductible, and What’s Not

July 13, 2018July 13, 2018 / Intuit ProConnect Team

One of the most highly touted benefits of homeownership has traditionally been the write-offs homeowners can claim to reduce their federal income tax bills. However, the Tax Cuts and Jobs Act (TCJA) of 2017 cuts back on deductions for many homeowners...

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Tax Law and News

July 2018 Tax and Compliance Deadlines

June 29, 2018June 29, 2018 / Intuit ProConnect Team

Happy birthday, America! As we celebrate with flags, cookouts and fireworks, let’s take a look at this month’s important tax and compliance deadlines. In July, it is recommended that you: Alert clients to 2018 mid-year tax planning opportunities. Schedule Continuing Professional...

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Tax Law and News

What the Wayfair Case Means for Sales Tax

June 28, 2018June 28, 2018 / Intuit ProConnect Team

On June 21, 2018, the U.S. Supreme Court issued the much anticipated decision in the case of South Dakota v. Wayfair. In short, the Court held that the physical presence rule for creating sales tax nexus (online sales tax) that was established in...

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Tax Law and News

Tax Reform Allows People With Disabilities to Put More Money Into ABLE Accounts and Expands Eligibility for Saver’s Credit

June 21, 2018June 21, 2018 / Intuit ProConnect Team

According to the IRS, people with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers. The Tax...

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Tax Law and News

June 2018 Tax and Compliance Deadlines

May 31, 2018August 13, 2018 / Intuit ProConnect Team

June marks the official start of summer, a great time to do what you can to stay sharp in the off season. Here’s a list of this month’s important tax and compliance deadlines. In June, it is recommended that you:...

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Tax Law and News

IRS Warns Tax Pros of New Scam Posing as Professional Associations

May 31, 2018May 31, 2018 / Intuit ProConnect Team

Based on reports from tax professionals receiving fake emails that were trying to trick them into disclosing their email usernames and passwords, the IRS, along with its state and industry Security Summit partners, warned tax practitioners to beware of phishing...

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