There are over 250,000 Tax Preparers currently working in the United States, all of them will tell you that January to April can be anything but pleasant. Right now I’m sure you, and many other tax professionals, are currently finalizing your preparations for the upcoming tax season. We understand this can be a lengthy and complicated process so the professionals here at SeQwens want to help. We’ve compiled the list of five tips to help ensure a more stable and streamlined tax business.
Take a moment to assess how your business handles things like scheduling, payment, new client onboarding, and communication. Are these processes as efficient as they could be and would your tax business benefit from additional resources to handle a greater volume of clients? A great way to start assessing or reassessing your tax business is to look at your previous years. Think back to areas you struggled with and research solutions to prevent these issues from repeating again.
You don’t want yours or your client’s data falling into the wrong hands. Cyber criminals are getting crafty and cyber crime statistics seem to rise every year. Establish best practices for protecting sensitive data from falling into the wrong hands. Backup sensitive data to secure, cloud-based platforms, use multifactor authentication for your e-file or management software accounts, or invest in secure filing sharing platforms to give your tax business flexibility while maintaining excellent security.
Start reaching out to last year’s clients now for updated information. Not only will this give you a better idea of who will be returning to use your services again this year but it also provides you with a chance to get ahead of the tax season. Gathering documents from clients is oftentimes the most tedious part of the tax season. By sending out reminder emails and providing clients with a safe and simple method for transmitting their document you will have a leg up on other tax preparers and could potentially expand your client base as well.
Data is the life blood of any tax business. Even the best tax preparer still needs access to their client’s W2 in order to file a tax return for them. So having an easy to use solution to not only share documents with your clients but also allow them the option to access and share documents with you independently. SeQwens does provide our users the option to establish a Client Portal, allowing clients to access the software in order to upload, share, and sign documents digitally, eliminating the need for in person office visits (unless the client prefers that option of course).
During COVID-19 the value of remote work was established across the country as well as the need for tools and resources to help businesses large and small communicate, share files, and maintain productivity even while not in the office. Having a digital management solution for your tax office will give you and your team the tools necessary to handle a larger volume of clients while maintaining productivity and streamlining business processes. If you want to start looking for a digital management solution then we suggest SeQwens. Learn more when you click here.
Tax season is almost here so I hope that the five tips in this article help you be more prepared for anything the tax season sends your way. If you found this blog helpful then consider checking out our other blogs here.
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