Tax Titans Welcomes Tom Godfrey as President and Chief Strategy Officer

WILMINGTON, NC, USA, August 22, 2023/ EINPresswire.com / -- Tax Titans, the first online marketplace connecting taxpayers and tax professionals, is thrilled to welcome Thomas (Tom) Godfrey, JD, LLM, CPA as President and Chief Strategy Officer. With a career spanning several decades, including over 14 years at Deloitte Tax LLP, Tom brings a wealth of tax and leadership […]

Tax Titans Partners with Telios to Launch AI-Powered “Sidekick” for Tax Industry

WILMINGTON, NC, USA, July 26, 2023/EINPresswire.com/ -- Tax Titans, a veteran-owned platform connecting small businesses and tax professionals, has partnered with AI solutions provider Telios to develop an innovative “AI Sidekick” for the tax industry. This first-of-its-kind AI assistant aims to streamline tax processes and enhance client service for accounting firms through Telios’ privacy-focused artificial intelligence. Many businesses […]

Steps to create a Tax-Titans profile

1. Go to app.tax-titans.com 2. Type your first name 3. Type your last name 4. Type your email 5. Type your email again Email Confirmation 6. Type your phone number 7. Select your state 8. Type your Business Name 9. Choose if you are a minority-owned business 10. Choose if you are a veteran owned […]

Online tax preparation

What objections are there to using an online tax preparer AND what are good responses to those objections? Objections to using an online tax preparer may include concerns about data security, potential errors in the preparation of tax returns, lack of personal interaction with a tax professional, and uncertainty about the accuracy of the tax […]

What is an EFIN?

What is an EFIN in relation to tax preparation and why does it enhance trust of an online tax preparer? EFIN stands for Electronic Filing Identification Number, and it is a unique number assigned to tax preparers by the Internal Revenue Service (IRS) to identify them as authorized e-file providers. Tax preparers are required to […]

Enrolled Agents

What does it require to become an Enrolled Agent, and how is this designation similar AND different from the label of CPA? To become an Enrolled Agent (EA), an individual must pass a comprehensive three-part exam administered by the Internal Revenue Service (IRS) that covers individual and business tax returns, as well as ethics and […]

Small business taxes

Is online tax preparation a growing way to get your small business tax return completed? Yes, online tax preparation is a growing way to get your small business tax return completed. Many small business owners are turning to online tax preparation services as a convenient and cost-effective way to prepare and file their tax returns. […]

Are you paying to much for tax preparation

Can you save money on your tax return preparation costs by shopping online for a tax professional? Yes, it is possible to save money on tax return preparation costs by shopping online for a tax professional. There are many online tax preparation services that offer competitive pricing and can be more affordable than traditional brick-and-mortar […]

Does it cost money to file a tax extension for my small business?

Does it cost money to file a tax extension for my small business? Filing a tax extension for your small business may or may not cost you money, depending on your specific situation. In general, filing for a federal tax extension using IRS Form 4868 is free of charge. You can file this form online […]

1099-K

What is a 1099k? Should I worry about them? A 1099-K is a tax form used by payment settlement entities to report payment transactions to the IRS. It is typically used for businesses that accept payments through third-party payment processors, such as PayPal, Stripe, or Square. If you are a business owner who receives payments […]

Did the American Rescue Plan of 2021 contain a provision to lower reporting requirements for 1099-k income to $600?

Did the American Rescue Plan of 2021 contain a provision to lower reporting requirements for 1099-k income to $600? Yes, the American Rescue Plan of 2021 did contain a provision to lower reporting requirements for 1099-K income to $600. However, it has been delayed, at least until 2023. https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k “Under the law, beginning January 1, […]

What are some tax tips for Realtors?

As a Realtor, it's essential to stay on top of your taxes to ensure you're maximizing your deductions and minimizing your tax liability. Here are some tax tips for Realtors: Keep accurate records: Keep track of all your income and expenses throughout the year, including receipts, invoices, and bank statements. This will help you accurately […]

What are some easy deductions for independent truck drivers/owners?

What are some easy deductions for independent truck drivers/owners? Here are some general deductions that independent truck drivers/owners may be able to claim on their taxes: Fuel costs: Independent truck drivers/owners can deduct the cost of fuel for their business-related travel. Maintenance and repairs: Truck maintenance and repair expenses can be deducted if they are […]

Tax deductions for the gig economy

What tax deductions are available for independent food delivery employees who work for Door Dash or Uber Eats? As an independent food delivery employee who works for Door Dash or Uber Eats, you may be eligible for various tax deductions. Here are some common tax deductions that may be available to you: Vehicle expenses: You […]

Employee Retention Tax Credit

What is the Employee Retention Tax Credit? Do I need an attorney to receive these credits? The Employee Retention Tax Credit (ERTC) is a tax credit introduced by the United States government as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020, and subsequently extended and modified by subsequent legislation. […]

NAEA

What is the National Association of Enrolled Agents? The National Association of Enrolled Agents (NAEA) is a professional association that represents enrolled agents (EAs) in the United States. EAs are tax professionals authorized by the U.S. Department of Treasury to represent taxpayers before the Internal Revenue Service (IRS). The NAEA provides education, advocacy, and support […]

Electronic Filing Identification Number

Why does a tax professional I use need to have an EFIN? An Why does a tax professional I use need to have an EFIN? An Electronic Filing Identification Number (EFIN) is a unique identification number that is assigned by the Internal Revenue Service (IRS) to tax professionals who are authorized to e-file tax returns […]

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Tax Titans Welcomes Tom Godfrey as President and Chief Strategy Officer

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