A Tax Pro Guide to Tax Refund Bank Products [Infographic]

Daphne Veras on Dec 19, 2014

Retaining 100% of its clients is every small business dream. As a tax professional, with only 3 months to make most of your revenue, you have your work cut out for you when it comes to client retention. And of course having minimal interaction with clients during the year does not make it any easier.

Simply providing basic tax preparation services is no longer sufficient. As competitors enter your market, it’s crucial that you are the most innovative tax professional on your block and that you never have to turn away clients for not having enough money to pay for your services upfront.

Fortunately, we are here to help. We’ve created an infographic to give you a snapshot of how tax refund bank products work and the benefits of offering them in your office for you and your clients. 

 

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ERO Alert: Top Tax Season Scams to Avoid

Sharon Bennett on Sep 17, 2014

 

Each year, after tax season ends, IRS publishes a list called “The Dirty Dozen” which lays out information on tax scams seen most frequently during the season, so that EROs and taxpayers know what to look out for in order to protect themselves against fraud. Today, we'll cover some of the most critical ones and provide you a few tips on how you can help your clients avoid falling prey to the scams reported most frequently last tax season. 

The scams covered in this post are: 

  1. Tax Fraud via Identity Theft
  2. Scams perpetrated over the phone
  3. Fake e-mails and websites
  4. Return Preparer Fraud

You can also check out the Dirty Dozen list published by IRS in its entirety here

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Advent ERO's can now become HERO's

Daphne Veras on Aug 21, 2014

 

If you used Advent Financial in your tax preparation business for the 2014 season, we have great news for you! With Advent's detrimental exit from the tax related bank product business, you may now find yourself spending extra time looking for a new bank product provider that accommodates to your business needs.

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Top 10 Questions to Ask When Choosing a Bank Product Provider

Michael De Senna on Aug 13, 2014

As discussed in a previous blog post, bank product providers serve a vital function during tax season.

So how does today's tax preparer sort through the noise and find the right bank product provider for his/her business? Well, we've worked hard to assemble these top 10 questions to help you in your research. Your mission, should you choose to accept it, is to read this post!

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AICPA Files Lawsuit to Stop IRS’s New AFS Program for Tax Preparers

Sharon Bennett on Jul 31, 2014

So here’s the latest we’ve gathered about the progress of this Annual Filing Season program started by IRS in a renewed effort to regulate tax preparers, or to allow tax preparers to “voluntarily” regulate themselves by participating.

As we mentioned on our last webinar, IRS has been careful to call the AFS program “temporary” and “voluntary” but they hope to be able to institute a more formal program soon enough.

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It's Trade show time at Refundo!

Daphne Veras on Jun 27, 2014

It’s official! The Refundo roadshow season starts on Monday.

Every summer we pack our bags and hit the road with the IRS Nationwide Tax Forums to connect with tax pros from all over the country and demo our new features.

This year will be no different. In fact, we enjoy these in-person events so much that we’ve decided to join the NATP conferences as well. Adding three additional shows to this year’s summer shows.

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Why You Shouldn't Miss The Refundo Webinar Series

Sharon Bennett on Jun 16, 2014

Hopefully your summer is off to a great start and you’re rewarding yourself for a busy and successful tax season. There’s nothing like eating your lunch not in front of a computer screen.

Once we caught our breath, the Refundo team got right back to work on thinking of ways to enrich and support EROs and spread knowledge throughout the industry. We kicked off our Refundo Webinar Series in April, and so far we’ve covered some pretty cool topics like “5 Mistakes that can Cost you Business” and “5 Ways to Keep Clients Engaged After Tax Season”. We’ve had an awesome response, so hopefully if you haven’t had a chance to join us yet, you will do so very soon.

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What are Tax Refund Bank Products?

Michael De Senna on Jun 10, 2014


This post is intended for the tax preparer, regardless of experience, who is interested in learning more about “tax refund bank products,” or “bank products” for short. To understand bank products, it’s helpful to understand what happens at the tax office.

When engaging a new client, a tax preparer will typically ask for upfront payment and, in rare cases, a tax preparer may decide to assume a credit risk by preparing the taxes anyway and collecting payment at a later date. Simply put, a bank product is a third option which allows a tax preparer to collect payment from a taxpayer’s refund with the assistance of a trusted financial services provider.

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THE REFUNDO WEBINAR SERIES CONTINUES

Sharon Bennett on Apr 17, 2014

Congratulations on wrapping up another successful tax season! It’s time to start planning some fun ways to reward yourself for all your hard work!

Of course, even as you daydream about fun in the sun and much needed rest and relaxation, you’ll also need to prepare for an even best season next year. Refundo is dedicated to helping you with that, so we’re hosting the Refundo Webinar Series for Tax Professionals,where we present 20-minute interactive webinars, aimed at helping you stay informed and grow your business.

We kicked off the series on April 9 with “5 Ways to Keep Your Clients Engaged After Tax Season”. Our expert guest speaker was Emilio Jimenez, our colleague and former owner of a successful tax prep chain. Emilio shared with us his best practices for maintaining customer loyalty and keeping your clients’ attention once tax season’s over. If you missed the webinar, don’t worry! We recorded it for you. Here's the link!

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Refundo Now Offers LendUp Loans in Mississippi

Michael De Senna on Apr 11, 2014

Do you live in Mississippi? Are your customers stuck in a never-ending payday loan cycle?

If so, we have good news for you!

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