Make a Difference and Apply for the ETAAC

On April 6th the IRS announced that it is accepting nominations for the Electronic Tax Administration Advisory Committee (ETAAC). The deadline for submitting applications is May 24.

The ETAAC was established as part of the Internal Revenue Service Restructuring and Reform Act of 1998 and serves as a public forum used to discuss issues and recommendations for improved electronic tax administration.

The application package includes a nomination (by letter from a professional associate), the completed ETAAC application, a resume and a short statement of interest.  The application should detail the nominated member’s qualifications, experience and past and current dealings in electronic tax administration.  A recent IRS notice published in the Federal Register on April 4, 2012 includes more information.

The Treasury Secretary will select and approve new ETAAC members who serve three-year terms, the next of which begins this fall.

Members are required to pass the IRS tax compliance check and Federal Bureau of Investigation (FBI) background investigation.  They also cannot be federally registered lobbyists.

This is a great opportunity for tax preparers who want to effect change while building upon their current professional experience.

Questions about the nomination process can be sent to etaac@irs.gov.

Enhance Your Expertise and Expand Your Service Offerings

Universal Accounting offers a number of training programs that will enhance your practice while increasing your revenue.  Consider how the following three courses could benefit your business:

Professional Tax Preparer Program

Many financial professionals make the majority of their income preparing taxes.  Practically every adult U.S. citizen must submit a tax return each year, and because many of them are intimated by the complexity of tax law, they continually seek professional help.

The Professional Tax Preparer program will not only train you in the preparation of individual and business returns, a lucrative market, but it will also enable you to hone your skills and comply with the new IRS tax preparer regulations.  Not only could you earn a professional designation, but you could also learn everything you need to know to pass the IRS Competency Exam and receive up to 60 CPE credits, depending on the number of modules you complete.

Professional Bookkeeper Program

Many tax professionals can make a living on their tax services alone, but in order to become a full-service financial provider and ensure business year-round, you need to offer accounting services as well.

The Professional Bookkeeper program will instruct you in small-business accounting, an industry that comprises the majority of accounting opportunities.  From accounts payable to year end and invoicing to job costing, you’ll learn everything you need to know to setup and maintain a business’s accounts.  Not to mention, this course comes complete with a module that will instruct you in building a successful accounting practice, including marketing strategies that will help you secure qualified prospective clients.

QuickBooks Mastery

But why stop there?  In mastering QuickBooks software you will continue to grow your practice by offering QuickBooks setup, help and consultation services.  Countless small business owners manage their accounting using this software; occasionally they need a QuickBooks Specialist to help them establish their accounts and/or resolve problems they encounter.

The Professional Bookkeeper’s Guide (PBG) to QuickBooks will enable you to pay bills quickly, write checks with one single click, create invoices effortlessly, access reader-friendly reports and much, much more.  By learning all the features and shortcuts this software program offers, you will increase your efficiency, making more money in less time.

These three programs will help you build and maintain a thriving financial practice.  The time is now right to prepare to launch your startup.  Call Universal at 1-877-833-7909 to order now!