Welcome to our Insights Blog!

Use the search and filter tools below to find insights and tools to help you run your tax business more efficiently and profitably. 

When the IRS talks about “reasonable”  due diligence, they typically do not expect you to conduct and in-depth audit of your clients' financial lives. They are  asking you to exercise sound professional judgment, apply the law correctly, and document your work thoroughly. Refundable credits like EITC, CTC/ACTC, AOTC , and filing statuses such as Head of Household  are frequent audit triggers, and the IRS expects tax professionals to verify eligibility through reasonable inqui

NOTE: Due diligence and self-protection are important for everyone. Even blogs. This content is for educational purposes only and should not be considered tax or legal advice. Always consult and defer to IRS guidance as well as your own experience when applying due diligence standards. Now, let's get to it! When tax professionals hear “due diligence,” they often think of extra paperwork, additional questions, and the constant pressure to get everything right. But IRS Due Dil

Tax businesses that grow year over year make plans and follow a clear pre-season success guide  long before the first return is filed. Once tax season begins, time flies by, decisions get made quickly, and by the time you realize there's a problem it's often too late. This pre-season guide focuses on what to lock in right before tax season starts . Make sure you have these things in place to prevent chaos, protect margins, and create a smoother client experience. Success come

Tax preparers spend their days answering other people’s financial questions, which often leaves little time to step back and fully understand their own business. As a result, the health of the business is measured by total revenue or one profit number without seeing the full picture. In reality, there are 4 practical types of profit that matter for a tax business . Understanding each type of profit will help you operate your tax business more efficiently and profitably. Under

3 Things to Consider Before Buying Software for Your Tax Office

Follow our practical advice for managing stress, maintaining morale, and staying healthy during tax season.

How to Become a Tax Preparer: Tips, Risks, and Secrets No One Shares

Thinking about becoming a service bureau? If you’re in the tax preparation industry, you’ve probably come across the terms reseller and service bureau . But what exactly do they mean, and how do you become one? Becoming a tax prep software service bureau or reseller  is one of the smartest ways to grow recurring revenue while helping other tax preparers succeed. What Is a Tax Software Service Bureau? A service bureau  is a business that partners with tax software providers t

As a tax preparer, your role is no longer just about crunching numbers, it's about creating a seamless, stress-free experience for your clients. One powerful way to do that is by offering bank products . The best tax preparers understand the value of bank product to the health of their business, but struggle to translate that into value for their customers. Here’s how the best tax preparers sell the value of bank products: 1. Convenience for Clients Bank products make it easy

Growing Your Tax Business Growing a tax business doesn’t have to mean adding more hours to your workweek—it means working smarter, attracting the right clients, and building long-term value. Whether you're a solo practitioner or running a small firm, here are five proven ways to grow your tax practice: 1. Niche Down and Specialize Trying to serve everyone can dilute your marketing and message. Instead, focus on a niche—like real estate investors, freelancers, or small medical

Buying Group As a tax professional, you're constantly looking for ways to increase efficiency, reduce costs, and stay competitive. One often-overlooked tool that can help with all three is a buying group , which is designed to bring the power of volume purchasing to small and mid-sized companies. What Is a Buying Group? A buying group is a collective of independent businesses that pool their buying power to negotiate better pricing and terms on products and services. This cou

Growing a business can be tough, but there are easy and effective methods to ensure that your business grows in the right direction. 1. Focus on What Makes You Unique Tailor your services to each client's unique needs. Whether it's customizing your tax strategies to suit their needs or offering advice specific to their personal financial situation, showing that you understand and value their individual circumstances goes a long way in building trust. Example : Offer tailored

In today's fast-paced business world, marketing is crucial for staying competitive and profitable. There are many strategies for marketing, but too many people think they need to spend a lot of money in order for their tax business to be successful. Below are 6 proven strategies to effectively market your tax office and grow your business. Leverage Social Media to Grow Your Tax Business Use social media platforms like Facebook to promote your services, share industry news, an