Guide to Tax Services News and Trends

Guide to Tax Services News and Trends
Keep up with tax services news and trends to remain competitive

Posted on http://www.business.com/directory/accounting/tax/

By Linda C. Ray

Business tax services go through constant changes that are driven by governmental regulations, financial markets and emerging technology. You should keep up with tax preparation companies' issues to remain competitive and make sure you’re getting the most up-to-date information on changing tax codes for your clients.Follow the trends that are affecting tax services for small business by reading accounting and tax service publications that keep you updated with news as it affects the industries your serve. Subscribe to small business tax prep newsletters to learn about the latest developments in accounting codes, government incentives for business and tax exemptions. Look for tax services news and trends from a variety of sources to keep up with the rules.1. Get email alerts and tax preparation newsletters for immediate news advisories.2. Subscribe to publications for tax services that go beyond the headlines.3. Participate in associations for accounting and tax services to build a strong resource network.
Action Steps The best contacts and resources to help you get it done
Accept emails from tax services for small business that closely follow the daily news
Get accounting and tax service email alerts, RSS feeds and industry newsletters that will send you news as it happens. Businesses can save a lot of money when they have the current information about how to frame their investments and purchases as well as what kinds of services and products are receiving tax breaks. Keep your clients informed of changes as they happen so they can make the proper adjustments and decisions.
I recommend: Keep up with the latest regulatory information around the world as well as breaking news that affects the industry through Deloitte tax alerts. And you must bookmark and check daily the headlines put out by the IRS.
Read articles that cover business tax services news and trends in detail
Subscribe to tax planning reports that cover the industry further than the headlines. Look for analysis and reports that give you a glimpse into tax-saving strategies and industry-specific guides for the companies that you serve. Read the latest small business tax consulting trend pieces so that you can advise your clients about upcoming changes and how they can take advantage of incentives and tax write-offs for small businesses.
I recommend: Federal, state and international tax news is available through Tax Analysts. Keep up with important events and news that drives the industry at the Public Company Accounting Oversight Board.
Join tax preparation groups that provide members with current information
Associate with other tax preparation professionals who can provide you with an inside track to news, often before it hits the press. Get involved with your trade association and take advantage of the networking opportunities to develop relationships with other tax preparers that can lead to new accounts and new ways of making your own business more efficient. Read the group's newsletters to get the latest updates on members, regulatory affairs and new tax processing software applications.
I recommend: Members of the National Association of Tax Professionals can get trend reports, updates and news through participation in the trade group that serves its members with research and networking opportunities. Join the National Association of Tax Consultants for updates on current events, marketing options and meetings with other tax professionals to keep up with the industry trends. Tips & Tactics
Helpful advice for making the most of this Guide
• Find relevant news about tax services for small businesses through mainstream sources such as the Wall Street Journal and Forbes to put the industry news in perspective with other financial trends that will ultimately affect your business.