Preparing Yourself for a Successful Small Business Tax Season: Tips for Tax Preparers

Small Business Tax Professional New Tax Season Tips

With the start of a new tax season, small business tax preparers must ensure that they are ready to provide accurate and efficient tax preparation services. By following a few essential tips, tax preparers can maximize productivity while meeting the needs of their clients. Let’s talk about tips for small business tax preparers that can help get ready for a successful tax season.

Review and Update Your Tax Knowledge:
Brush up your knowledge on any new tax laws, forms, or regulations that may impact your clients. Keeping informed about changes in tax laws is crucial to providing accurate and comprehensive tax preparation services. You can attend seminars, conduct research, or join professional organizations to stay updated on changes. Both of our memberships, Forever Edition and Dream Team Members include Federal tax updates and Tax Credit Refresher courses. You can view our entire course catalog here.

Set Realistic Goals and Deadlines:
Set realistic goals and deadlines for yourself and your team if you have one. This helps you maintain consistency in your workflow, stay on track, and avoid last-minute rush. You can break down your work into smaller, manageable tasks and assign them to specific team members to enhance efficiency.

Communicate with Your Clients:
Ensure open and clear communication with your clients. Provide clear instructions on how to organize and submit their financial records and explain your processes and fees upfront. Keep your clients informed of any significant developments in their tax situation throughout the tax season, and let them know when to expect their returns. Using Inbox Marketing is a great way to keep your clients up to date, provide links to portals, downloadable forms and helpful client checklists.

Leverage Technology:
Use technology to streamline your workflow and enhance productivity. Utilize tax preparation software to reduce data entry errors and automate routine tasks. Cloud-based software can enable collaboration with clients and team members from anywhere, making the work more efficient, secure, and cost-effective. Pronto and Drake Software have teamed up to bring you an “all-in-one” software, training and support package at a discounted price.

Focus on Customer Service:
Customer service plays a crucial role in building and maintaining client relationships. Provide courteous, friendly, and professional service, and be responsive to your clients’ needs and concerns. Personalize your services to meet clients’ individual needs and offer tax planning and strategic advice throughout the year. Set up an online appointment calendar to allow your clients to create their appointments themselves and save time. Create tax worksheets that have instructions and lists for your client so they can easily prepare all the documents you need. Set aside and schedule it if you must, the first hour, or last hour of each day to call back clients.

Stay Organized:
Stay organized, and keep accurate records of your work, client information, and financial records. You know you have to be organized as a tax preparer, but if you can start the new tax season out with a strong workflow it should last you the whole season. Use a shared online calendar to schedule appointments and deadlines. Keep your workspace tidy, and maintain a shared directory or filing system for your team members. These practices facilitate quick and easy access to information, minimizing the likelihood of errors or omissions. Whether you are a solopreneur or have a team of people, creating “systems” as simple as sharing one calendar can head off many problems.

Evaluate Your Performance:
Periodically evaluate your performance, processes, and results. Analyze your workflow, identify areas for improvement, and adjust accordingly. Friday afternoons are a great time to evaluate who things are going with your clients and workflow. It’s still fresh in you mind before you break away for the weekend. Schedule an hour on Fridays to not only identify some issue from the previous work week, but also some solutions that you can implement the very next Monday. Simple changes or even a minor adjustment can make a big difference. Solicit feedback from clients and team members to understand their needs better and improve your services.

By thanking bout these essential tips, small business tax preparers can optimize productivity and ensure success during the upcoming tax season. By staying informed, organized, and proactive, tax preparers can provide reliable and comprehensive tax preparation services, establishing trust and confidence with their clients. Remember, the tax season is a stressful time for you and your clients. The more organized and prepared you are for the new tax season, the easier you make it for yourself, your clients and your team members.

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Let's Make Sure We Direct You to the Right
Training for Your Needs!

Please click the button below for your primary tax credential.

Not sure which credential applies to your situation?  Click here to reach our support team and we'll help you decide.