In an ever-evolving financial landscape, tax preparers face the challenge of adapting to the changing needs of their clientele. One strategic approach that stands out is the diversification of tax services. By broadening their service offerings, tax preparers not only meet the…
Displaying: Growing Your Tax Business
5 ways to use ChatGPT prompts for tax professionals and EAs
ChatGPT, the generative AI tool created by OpenAI, has received a great deal of buzz since its launch last year. It uses a large language model to produce original text after a user has entered a specific prompt. Thus far, it has…
How can enrolled agents find tax-resolution clients?
The tax preparation business is famous for its no-holds-barred busy season, but every enterprise needs year-round revenue and a diverse clientele to thrive. You can make the other eight months of the year productive and fruitful by attracting and servicing tax-resolution clients.…
7 ways to re-engage with tax clients
During the busy tax season, you likely spend significant time engaging with clients. You answer emails and text messages, take phone calls and schedule meetings, all in preparation for Tax Day. But what happens after your clients’ tax returns are filed? One…
5 things to consider when training your staff
As a tax professional or business leader, training staff is a crucial part of ensuring success for your company — and your clients. Not only can proper training improve productivity and efficiency, but it also helps to keep your employees up-to-date with…
Advanced bookkeeping tips for tax professionals
Bookkeeping, or the process of accurately recording all your financial transactions, is a key part of building a successful tax business. However, it also comes with the potential for costly errors. According to Solution Scout, bookkeeping mistakes led to $1.3B worth of…
Beginner’s guide to bookkeeping
A bookkeeper fills a critical role for any business, and that is the recording and organization of financial transactions. These include customer payments for goods and services, business payments to vendors and contractors, and loan and rent expenses. Without proper bookkeeping, a…
Checklist for onboarding new tax and accounting clients
They say you never get a second chance at a first impression, which is why your client onboarding process is so important. Onboarding, or the logistics and actions around getting a new client set up with your practice, sets the stage for…
How to generate new business: Best practice guide for tax professionals
When tax preparers sign up for the job, they know all about the annual tax-time crunch. Many see it like Black Friday, when four months of long, exhausting days generate much of the year’s income. Isn’t it time to put the other eight…
Social media marketing strategies for tax preparers
You might be a pro at filling out forms and filing taxes for even the most complicated returns. But that’s only part of your responsibilities as a tax business owner. You also need to figure out how to get clients through your…
Tips for conducting an effective tax client interview
A correct tax return might be the main reason your clients come to you, but they should expect much more. The service you provide should extend beyond the numbers and connect directly with the people you’re helping. It doesn’t matter if they’re…
How to price your tax preparation services
Ready to start your tax business for the new tax season but wondering how much to charge? It can be difficult to price your own services. If you’ve done any market research you’ve likely discovered that the cost of preparing any tax…