Tax preparation software is a powerful asset for any tax preparer, and it’s just the beginging when it comes to tools that can elevate your business. From tax prep education to fully remote tax software, these 5 tax preparation tools provide intuitive solutions that help you save time and increase revenue.
Bank products
Taxpayers getting a refund choose a bank product so they can have their tax return professionally prepared with no payment up front, as well as potentially receive a portion of their refund in advance. Refund advance loans are often offered as part of bank products and give clients quicker access to funds. For you, the preparer, it means more clients and less hassle worrying about payment.
Bank products work by integrating directly with your tax preparation software. When a client elects to receive their refund through a bank product, you can complete the process within your tax prep software as you prepare the return. TaxSlayer Pro is compatible with many reliable tax refund banks.
The TaxBook Web Library
Researching tough tax questions doesn’t have to be time-consuming if you have the right tools. The TaxBook Web Library is the ultimate digital resource for tax professionals because it’s always up to date with tax law changes, and it’s searchable, allowing you to find the exact information you need quickly. It’s also an excellent training tool for onboarding new preparers, helping you scale your practice efficiently. Plus, with multi-year reference access, you can easily look up prior-year tax rules and guidance. Most tax preparers find that this investment pays for itself quickly, allowing them to spend less time researching during tax season and more time serving clients.
The TaxesToGo mobile app
The TaxesToGo mobile app offers an easy, secure way for clients to send you their documents and information using only their phones. Their data automatically uploads into your tax software, making the entire process easier, faster, and safer for both of you.
Offering a mobile app is a smart way to connect with younger and more tech-savvy clients who expect digital convenience and real-time updates. With a built-in progress tracker, secure chat feature, and automatic notifications, the app helps improve client communication and keeps everyone on the same page throughout the filing process.
Identity protection for your clients
Identity theft protection is very important for your clients, especially since tax returns contain sensitive information. If a potential client wants to know how you ensure the safety of their personal info, it’s nice to have a product that can offer them peace of mind. Securely ID, powered by Experian, will deduct a small fee from your client’s refund and offer full identity monitoring, protection, and restoration in the event of a breach. By including this service, you demonstrate that you’re proactive about data security – an important step in building trust and credibility with your clients.
Audit protection for your clients
Audit protection is another tool that offers peace of mind for both you and your clients. With an audit protection plan like those offered by Audit Maintenance Pro and Protection Plus, clients can rest assured that they’ll have an expert walk them through the entire process to ensure the best outcome if they are audited. As a tax professional, you won’t have to bear the burden of handling clients’ audits throughout the off-season; you can rest easy, knowing that they’re being helped through the process by a trusted professional. This kind of audit support helps your tax business achieve full-service client care, reinforcing your value beyond just tax preparation
If you’re a TaxSlayer Pro user, implementing these tools is simple. Most integrate seamlessly with your TaxSlayer Pro software. If you aren’t a TaxSlayer Pro user yet, request a free demo today to see why our time-tested tax preparation software is your tax business’s most essential tool.
