<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1633986543543221&amp;ev=PageView&amp;noscript=1">
Sign Up

    Refund Transfers: The Growing Popularity Of File Now, Pay Later

    Refund Transfers Are The Modern Day "Buy Now, Pay Later" ‘Buy now, pay later’ might sound like the makings of ...

    2 min read

    Refund Transfers: 3 Ways To Help Taxpayers Feel More Comfortable

    Helping Taxpayers Feel More Comfortable With Refund Transfers Comfortability comes with time, understanding, a...

    Understanding The Appeal Of Refund Transfers

    Refund Transfers: The Benefits Of Multiple Payment Methods Refund transfers are a specific payment method that...

    2 min read

    How Bookkeeping Can Help Transform Your Tax Business

    Mar 18, 2020 - 2 min read

    Bookkeeping Earns You More Residual Income For Your Tax Business

    For tax preparers who are more focused on tax preparation, the majority of their income comes during tax season. In some cases, tax businesses can also offer credit repair, money management, tax resolution, or even real estate services. The problem with offering too many services is that you spread yourself too thin, and have a much harder time grasping the true needs of one service.Attract Taxpayers To Your Tax Business

    Alongside tax preparation, bookkeeping services provide a great opportunity for you to stay busy throughout the entire year. If you have experience with bookkeeping (tax preparation and bookkeeping compliment each other very well), you can use those skills to slowly grow that part of your tax business.

    Bookkeeping Services

    Choosing a Niche

    Why is it important to choose a niche? By niche, I mean, a specific industry or category of business. By focusing on one niche, you give yourself the opportunity to learn as much as you can about it. For instance, if you work solely with restaurants, you will start to better understand how businesses like these can increase their cash flow, and even reduce their tax liability.

    Find your Tax business niche

    As you become more of an expert in that niche, it'll be easier for you to successfully manage a similar business because you already know what works best. Before you know it, you're doing bookkeeping for 15 restaurants and earning a monthly residual income with far less effort.

    How to approach the conversation

    Like we mentioned above, the goal for you is to solve a problem. It's not enough to say that you can offer bookkeeping services. Why? Because absolutely everyone is doing the exact same thing. Instead, consider positioning your tax business with something like this:

    "Hey John, would you be interested in seeing how you can reduce the tax liability for your restaurant and increase your cash flow?


    Sales Approach For Tax Pros

    Business owners everywhere are constantly asking themselves similar questions, and its your responsibility to see how your tax business helps uncover the answers to those questions. 

    Where can I find bookkeeping clients? 

    Small businesses need to stay organized and have accurate financial data to help make smart decisions. 

    The best way to start looking for bookkeeping clients is on social media. Businesses on Facebook or Linkedin will range from local coffee shops to huge conglomerates. Once you've identified your niche, you'll be able to scope out these businesses on Facebook, and quickly reach out to them.

    The amount of potential conversations depends on how you position your tax business. This still remains a numbers game. The more businesses you reach out to, the better chance you'll have of getting them as a tax client. 

    Roger loves utilizing technology to solve problems tax preparers face on a daily basis. When he's not writing, he enjoys spending time with his family, playing Fortnite, and updating his Pinterest board for new home projects.

    Save time and money in one click

    Refundo streamlines productivity, virtual tax prep, refund transfer services, and more.

    Get the most out of your tax business today

    Subscribe to our blog newsletter

    Get the latest tips on productivity and management sent to your inbox

    Thinking of adding a virtual tax business?

    Offer customers your own app or website to securely gather their tax info and import into your tax software.