Lindsey LaJack Velasquez, CPA

We just published a new blog post about the June 2024 Individual Due Dates, learn more from your friends at MTS Professional Tax Service Inc. Just click below.

A proactive tax plan can be a major money-saver for taxpayers. But for new or prospective clients, your first tax plan can feel like a leap of faith—and a costly one at that. Taxpayers who have not yet experienced the benefits of working with a Certified Tax Planner might be wondering if the time and money they are investing will actually pay off. One way to lower the stress level and earn the trust of new tax clients is by using warranties. Warranties can be a clean and simple way to mitigate risk, not only for your clients but also for you as a tax professional. Here are three of the main ways a warranty can help you as a tax planner:

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It is important for you to understand who you’re choosing and what important questions to ask when hiring an individual or firm to prepare your tax return. Understanding Tax Return Preparer Credentials and Qualifications can help you learn more about the different types of tax professionals. For more guidance on making this important choice, see Need someone to prepare your tax return? ➜ Pub 5924: Tips to Help Small Businesses Choose a Tax Preparer ➜ #NationalSmallBusinessWeek reminder: There are simple steps you can follow to make sure you’re getting good, professional help with your business taxes. Check out #IRS tips for choosing a #TaxPro: www.irs.gov/smallbizweek ➜ #SmallBiz owner: Paying someone to prepare your business tax returns? The #IRS reminds you this #NationalSmallBusinessWeek to carefully choose who you trust with your most sensitive tax and financial information. www.irs.gov/smallbizweek

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Today QuickFee shined the spotlight on Specialty Tax Group (STG)! STG works alongside CPAs as trusted partners across the country, offering innovative tax-saving strategies tailored to reduce tax liability, improve cash flow, and capitalize on the taxpayer’s investments. Read more at "Fall 2024 Newsletter (quickfee.com)"

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Maximize your small business's potential with strategic tax optimization strategies! 📈💰 #TaxOptimization #SmallBusinessSuccess #BeckleyAndAssociates https://ow.ly/MZMs50Sirq3

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The Future of Tax is Here: Evolve from Preparer to Trusted Advisor The tax landscape is rapidly changing, and it's time for us, as tax professionals, to embrace this evolution. Why Transition? 🔍 Client Expectations Today’s clients demand more than just number-crunching. They seek peace of mind, strategic advice, and a trusted partner who understands their unique financial journey. The Path Forward 1. Embrace a New Mindset Transitioning from tax preparer to advisor means adopting a fresh perspective. It's about leveraging our expertise to provide proactive, strategic guidance that aligns with our clients' future goals. 2. Harness the Power of Technology Technology is transforming our industry. By streamlining compliance tasks and analyzing data efficiently, we can shift our focus to what truly matters—advising our clients on growth and success. 3. Ask the Right Questions Dive deeper into your clients' businesses. Understand their financial aspirations, challenges, and opportunities. This understanding is key to offering impactful advice that drives their success. 4. Continuous Learning and Adaptation In an ever-evolving industry, staying ahead means continually expanding our knowledge and skills. This empowers us to navigate complexities and deliver unmatched value. 5. Build Meaningful Relationships Trust is the cornerstone of any advisory role. By cultivating strong relationships, we position ourselves as indispensable partners in our clients' financial journeys. The Impact In the UAE, where business dynamics are unique and challenging, being a proactive advisor sets you apart. It positions you as an essential asset in your clients' success stories. The future of tax is not just about compliance; it's about partnership, foresight, and value creation. By embracing this evolution, we can transform our roles and redefine success in the tax profession. Join me in this journey. Let's shape the future of tax together! #UAEtax #TaxAdvisor #StrategicAdvisory #ClientSuccess #FutureOfTax #ProfessionalGrowth #BusinessInnovation

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4th Quarter Checklist Alert! Ensure your accounting firm wraps up the year strong with our essential tasks for Q4. ✔️ Review Financial Statements + Tax Planning: Analyze your financials and strategize for year-end tax planning. ✔️ Client Communication: Touch base with clients to review their needs and prepare for the upcoming year. ✔️ Technology Check: Assess and update your tech tools to ensure efficiency and security. ✔️ Staff Training: Invest in training programs to enhance your team's skills and knowledge. ✔️ Review Your Goals: Evaluate your progress towards annual goals and set the stage for next year's objectives. Stay organized, stay ahead! #Q4Checklist #AccountingFirm #YearEndPrep #CaldwellConsulting

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Teka Miller-Alston, Robert Broome, CAE and I were privileged to spend the day with Kelli Roberts and Julie Williams with CLA (CliftonLarsonAllen) discussing the pipeline and CLA's efforts with their pilot Academy in conjunction with the Hispanic Leage of Winston-Salem and Forsyth Technical Community College. My takeaways from our incredible conversation: - There are no quick fixes. Taking something from concept to application involving so many individuals from around the country takes time, perseverance and agility if you want to create something sustainable. - Show up and plan to stay! Yes, we need to plant routes, we can't fix a people problem like we're sourcing raw materials for a widget. We need to show up, invest and plant roots in the community. Those roots will grow into the beautiful garden like CLA is growing. - Lead with love! Jen Leary shared the sentiment with me back in May when she spoke about this pilot program. Listening to the dedication and compassion of the CLA family to identify, develop and support their first cohort is inspiring on so many levels. We heard countless stories of the CLA family willingly sharing extra time to help others reach for dreams never thought possible. We talk about how the profession gets a bad rap and that we need to change the narrative. We need to focus on the heart of this profession. CPAs, and especially the CPAs at CLA, have incredible hearts for their teams, their clients and especially their communities. Sharing stories of how one firm, in a pilot phase, changed the lives of 11 individuals and is creating a model to ramp up talent development locally is a testament to what WE can do and North Carolina Association of CPAs (NCACPA) is here for it! #leadership #CPAs #NCACPA #TEAM #CEOonthego

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We're gearing up for #Taxposium in Orlando, FL next week, hosted by the National Association of Tax Professionals (NATP). Don't miss Christopher Picciurro, CPA, MBA, PFS, ARA taking the podium to present our Tax Planning Masterclass on Wednesday morning. It's a great opportunity to stay updated on the latest trends and strategies in tax planning. See you there! #NATP #TaxPlanning #OrlandoFL #Taxes

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Have you received a letter from the IRS? Do not be surprised if your receive a letter from the Internal Revenue Service (IRS) as it resumedsending automated collection notices to taxpayers. This collection process was paused due to the COVID-19 pandemic. Beginning January 1, 2024, individuals, businesses, trusts, estates, and tax-exempt organizations started receiving IRS tax notices. This marked the end of the temporary suspension that began in February 2022 when the IRS stopped mailing automated reminders for overdue tax bills. To aid taxpayers who have accrued penalties and interest during this suspension, the IRS offered penalty relief to approximately 4.7 million taxpayers, including individuals, businesses, and tax-exempt organizations. https://lnkd.in/gRYTwNeg #TaxReliefServices #TaxPlanningExpert #AuditDefense #KeithJonesCPA #TheCPATaxProblemSolver

DWC Audit Principal Chris Allen was recently featured in an accounting leadership article in INSIDE Public Accounting Monthly. The article focuses on growth mindset and the connection between leadership, personal growth, and helping others to grow. Check out the full article on our blog, https://bit.ly/3VyTfqL

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The IRS has made significant strides in modernizing its technology, making life easier for taxpayers and professionals alike. Funded by the Inflation Reduction Act, these upgrades allow for more streamlined interactions with the IRS through online tools like Business Tax Account and new features like scannable QR codes on notices. Tax practitioners are praising these changes for saving time and improving efficiency. However, there are concerns about older individuals adapting to the new tech. Read more about how these changes are transforming the tax experience in our latest blog! https://lnkd.in/eVkkBFFa

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As a tax professional, we know you’re capable of so much more! 👍 Ready to go beyond basic compliance? Book a FREE demo with our team to explore our tax advisor certification and how to level up your tax practice - https://lnkd.in/esw2XwTC #cpa #advisory #compliance #returns #business #practice #certification #taxes

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Have you ever wondered what tax planning entails? Here’s a look at our tax planning process!

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