Start: + End Dates
Start: 10:30AM, ET, Monday, June 19, 2017
End: 6:00PM, ET, Tuesday, August 15, 2017
Winners Announced: 12Noon, ET, Friday, September 1, 2017
Three (3) top winners in each of the nine (9) categories will be selected based on the judging criteria outlined in the official rules. Ten (10) Honorable Mention winners in each of the nine (9) categories will be selected based on the judging criteria outlined the official rules.
First Prize in each category:
Your Own Customizable Client Newsletter On A CD For A Year! A $564 Value Each!
Second Prize in each category: Your Own Quarterly Contests Programs On A CD For A Year! A $324 Value Each!
Third Prize in each category: Email Automation For A Year Marketing Your Tax Practice! An $84 Value Each!
Ten Honorable Mentions in each category: Free Access To The “Absolute Beginners Guide To Starting And Building Your Own Accounting Practice When You Are Flat Broke” training course! A $27 Value.
Personal (Form 1040)
Business (Schedule C)
Farm (Schedule F)
Corporate (Form 1120)
Small Corporation (Form 1120-S)
Exempt Organization (Form 990)
Partnership (Form 1065)
Estate or Trust (Form 1041)
No transfers or exchanges allowed. If the number of entrants does not exceed the number of prizes, remaining prize allocations will be removed.
Entries must relate to either Tax Planning or Return Preparation
Who can enter
Open to legal residents of the 50 United States, the District of Columbia, the U.S Virgin Island and the Territory of Puerto Rico, who are 18 and older.
Contributors, editors, employees and family members of Practice Builder Publishing are ineligible.
No purchase is required, and you can enter as often as you wish. By entering you give Practice Builder Publishing a non-exclusive license to publish your tip.
Winning tips will be judged on the following criteria:
Note that tax filing tips and tax planning tips are judged with exactly the same criteria. For tips, each practitioner needs to communicate a level of communication, and to have demonstrated the effectiveness of the tip.
The judging criteria are identical, independent of the tip category or field of study. The only difference is to apply criteria for tax filing thoughts thought to general tax tips, versus tax savings goals for tax planning.
A team judging tips from several related fields should score each tip objectively and rank all the tips submitted by the practitioner for awards based on their scoring.
Judging Criteria Points
Filing Thought or Planning Goals 10
Maximum Total Points 33
Criteria For Planning Tips
Is the problem and hypothesis stated clearly?
Is the problem economically significant, but sufficiently limited to allow plausible attack? Good preparers can identify important problems capable of solutions. Neither working on a difficult problem without getting anywhere nor solving an extremely simple problem is a substantial contribution.
Was there a procedural plan for obtaining a solution?
Are the variables clearly recognized and defined?
If controls are necessary, did the practitioner recognize their need and were they correctly used?
Are there adequate data to support the conclusions?
Does the practitioner recognize limitations of the data?
Does the practitioner understand the tip’s ties to related research?
Does the practitioner have an idea of what further research is warranted?
Did the practitioner cite tax code, or only popular magazines?
Planning Goals (For Planning tips only)
Does the tip have a clear objective?
Is the objective relevant to the potential user’s needs?
Is the solution: (a) Workable? Unworkable solutions might seem interesting but are not practical. (b) Acceptable to the potential user? (c) Economically feasible? Solutions that are too expensive will be rejected or ignored.
Could the solution be used successfully in design or construction of some plan?
Is the solution a significant improvement over previous alternatives?
Has the solution been tested for use under the conditions of use? (Testing might prove difficult, but should be considered.)
Is there evidence of redesign and retest?
Criteria For Tip Creativity
Does the tip show creativity and originality in: (a) The question asked? (b) The approach to solving the problem? (c) The interpretation of the data? (d) The construction or design of new planning?
An original idea for a tip shows greater creativity than a suggested tip from the internet or a textbook. Obviously no tip is creative and original in every aspect. A creative and original tip may contain elements that seem original, but the materials may have come from internet sites, new curricula in textbooks or laboratory manuals unfamiliar to judges. tips taken from other sources are acceptable if the source is clearly acknowledged, but should be scored lower than original ideas.
Acknowledgement may be available from several sources:
1) In bibliography references listed on the tip board,
2) Oral acknowledgment when contacted by a judge, or
Also consider how much help a practitioner received. A practitioner’s approach to solving a problem may seem original, but may have come from third party suggestions. If a practitioner received help on a tip, credit for creative ability and originality should reflect the practitioner’s own contributions. This should become clear through careful questioning.
Creative research should support an investigation and help answer a question in an original way. Development of a plan or structure of a transaction would not be creative unless an unusual approach was taken. Procedures or plans should not be considered creative unless they are used to support an investigation, and to help answer a question in an original way.
A creative contribution promotes an efficient and reliable way to solve a problem. When judging, make sure to distinguish between gadgeteering and genuine creativity.
For continuation tips, score creativity only on accomplishments of the past 12 months.
Criteria For Presentation Thoroughness
Is the practitioner familiar with code sections or regulations related to the field?
Was the purpose carried out to completion within the scope of the original intent?
How completely was the problem covered? Was it well planned?
How complete are the tip notes? Was there a tip notebook?
Are the conclusions based on a single transaction, or are there replications? Is the conclusion supported with data?
Is the practitioner aware of other approaches or theories?
How much time did the practitioner spend on the tip?
Criteria For Practitioner Skill
Does the practitioner have the skills required to do all the work necessary to obtain the data that support the tip? Office skills? Computational skills? Observational skills? Marketing skills?
Where was the tip applied? (e.g., home, business, or continuing education class) Did the practitioner receive assistance from industry associations, other firms, staff or educators?
Was the tip done under IRS supervision, or did the practitioner work largely alone?
Where did the forms used come from? Were they designed independently by the practitioner or staff? Were they obtained on loan? Were they part of a firm where the practitioner worked?
Criteria For Submission Clarity
How clearly can the practitioner discuss the tip and explain the tip’s purpose, procedure, and conclusions? Make allowances for nervousness. Watch out for memorized speeches that reflect little understanding of the principles.
Does the written material reflect the practitioner’s or team’s understanding of the research? (Take outside help into account.)
Are the important phases of the tip presented in an orderly manner?
How clearly are the data presented?
Notification Of Winners
Winners will be ntified by email at the email address included in their tip submission.
Winners will be sent log in information to an online Practice Builder Publishing membership account where they may submit information for prizes that will be mailed at publication dates, or for access to online publications and tools.
No purchase necessary
Void where prohibited by law
The number of eligible entries received determines the odds of winning and the number of prizes available.
Only one prize per entrant. In case of multiple potential prizes, an entrant will receive either the highest value prize, or the prize of their choice from the prizes offered.