How Offering Audit Protection Sets You Apart
Everyone dreads getting audited. As a tax preparer, you know that your clients want to avoid audits at all costs. Offering customers audit protection in addition to standard tax preparation can have advantages for both you and your customers. If you've considered offering audit protection services but aren't sure whether they're worth the time and resources, read on to learn more about the benefits of offering these services to your clients.
Easily Increase Your Revenue
Offering audit protection is one of the easiest and most cost-effective ways to increase your tax preparation business's revenue. When you offer audit protection, you're simply stating to your clients that, for a small fee, you or tax audit experts work on your client's behalf if they happen to be contacted by the IRS.
You'll want to establish some constraints regarding how many hours of work you'll be willing to put in for the fee you're charging for audit protection. The number of hours you include and the price you decide to charge is totally up to you.
In most cases, you'll simply be responding to an automated notice from the IRS, which doesn't take long. Only around .05% of taxpayers face a potential audit, so it's very unlikely that you'll have to spend a lot of hours helping your clients n dealing with the IRS. But because your clients want to lower their chances of being audited, they may prefer to opt into audit protection. This means that you can increase your revenue with very little work involved, especially if you're using Refundo's audit protection service.
Stay Competitive and Increase Customer Retention
The tax industry is always changing, and it can be tough for small firms to stay competitive in such a fluctuating market. Services like audit protection offer peace of mind to taxpayers and distinguish you for having the foresight to be safe. Your goal is to constantly bring value to your clients continue, and adding audit protection will start to separate your from nearby competitors. When you are delivering superior service, people will start to notice.
And sometimes, working as a tax preparer involves going above and beyond to make sure that the customer is getting the best possible experience. When you offer your clients additional services like audit protection, it shows that you're a knowledgeable expert who is willing to go to bat for them, even when things get tough.
Letting customers know that you'll deal with the IRS if it comes down to it helps your clients see you as a trusted advisor and can be a great foundation when you're looking to built long-term relationships with them. The thought of getting audited is a worry for many people, so knowing they have protection brings peace of mind that, to the client, is definitely worth the fee that you charge.
When clients know that they can trust you and that you'll be there in their time of need, they'll return to you again and again.
Audit Protection Made Easy
If you want to increase your revenue, attract new customers, and retain clients from year to year, offering audit protection is a great first step. But as a tax preparer, you probably dread audits just as much as your clients do. After all, running your business keeps you busy and audits mean extra work for you that can take time away from other important tasks around your tax office.
This is where Refundo can help! We can assist you in resolving your clients' audit cases quickly and easily, while increasing your revenue. Our team of tax professionals will step in and find the best course of action that suits your client's needs so you won't have to handle the audit on your own. This means less stress and worry for you, and more time to focus on growing your business.