Our two cents on industry trends, community news, personal finance management and the latest projects Refundo's got in the works.

ERO Alert: Top Tax Season Scams to Avoid

Posted by Sharon Bennett

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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Topics: tax preparer, identity theft, taxpayer

Advent ERO's can now become HERO's

Posted by Daphne Veras

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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Topics: ERO, refund transfers, tax refund bank products

Top 10 Questions to Ask When Choosing a Bank Product Provider

Posted by Michael De Senna

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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Topics: ERO, refund transfers, tax refund bank products

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

Posted by Sharon Bennett

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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Topics: Tax Updates, ERO, IRS

It's Trade show time at Refundo!

Posted by Daphne Veras

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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Topics: Refundo, IRS Tax Forums, tax professionals

Why You Shouldn't Miss The Refundo Webinar Series

Posted by Sharon Bennett

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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Topics: Loans, Refundo, webinar

What are Tax Refund Bank Products?

Posted by Michael De Senna

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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Topics: Refundo, ERO, taxes, tax professionals

THE REFUNDO WEBINAR SERIES CONTINUES

Posted by Sharon Bennett

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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Topics: latino tax pro, webinar, tax training, tax education

Refundo Now Offers LendUp Loans in Mississippi

Posted by Michael De Senna

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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Topics: Loans, Refundo, ERO, tax preparer, 1:1 fund, lendup

Introducing the 2014 Webinar Series
for Tax Professionals

Posted by Sharon Bennett

Apr 01, 2014

Tax Season is almost over. Take a moment. Catch your breath. But don’t get too comfortable.

Soon it will be time to make preparations for an even busier, more successful tax season to come. And if you want to be ahead of the game, it’s best to start early.

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Topics: Refundo, ERO, tax preparer, tax season, tax professionals, webinar, series

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