Insights from Solo Practitioners: Challenges of Business Tax Returns

As a solo practitioner contemplating a foray into the world of business tax returns, I’m curious to hear from fellow professionals. What’s the most challenging aspect you’ve encountered with business tax returns?

In my research, I’ve noticed that many small to medium-sized enterprises often employ a separate tax preparer from the individual responsible for managing their Bookkeeping. This raises the question: Is it beneficial to specialize solely in preparing tax returns without handling the Bookkeeping?

To gain a clearer understanding, I would love to hear about the most frustrating hurdles you face during the tax return process. Additionally, what strategies have you implemented to circumvent these issues from the outset? Your insights could be invaluable as I navigate this path.