Tax professionals have a lot of competition, and it’s getting harder to stand out from the crowd. If you’re looking for ways to grow your tax business, here are some tips that will help:
Actively Seek Feedback
In order to grow your tax business, you need to get feedback on how well you’re doing. You can ask clients for their opinion of the services they’ve received from your company and what they liked or didn’t like about it. You can also ask colleagues at other firms for their opinions on how well you do things such as customer service, efficiency and accuracy. And finally, industry experts may be able to provide insight into areas where there is room for improvement in the industry overall (such as technology).
If you want to grow your tax business, you need to focus on providing value, not just the numbers.
If you want to grow your tax business, one of the best ways to do so is by focusing on delivering a great experience for your clients.
Customer service is important. It doesn’t matter how much money you make if no one wants to work with you in the future. The best way to ensure customer retention and satisfaction is through providing exceptional customer service that goes above and beyond what other tax preparers offer their customers.
Don’t just focus on the financials, but also on the quality of your work: If someone pays $300 for an audit report and it contains mistakes or inaccuracies (or even if they don’t), there’s a good chance they’ll tell others about their negative experience with this company–which could lead potential clients away from using them again in future years!
Know your competition and what makes you different.
Know your competition. The first step to growing your tax business is understanding who you’re up against and how they operate. You can do this by visiting their websites, reading their marketing materials, and talking with current and former clients about their experiences working with them.
Focus on what makes you different from other tax pros in town–and use that difference as a selling point when pitching yourself to potential clients who are looking for a tax preparer!
Join the right associations and clubs.
Networking is an essential part of growing your tax business, and you can do this in a variety of ways. First, join the right associations and clubs. Associations are groups that bring together professionals from the same field to share ideas and information. They may also host conferences or offer educational opportunities for their members. Clubs are similar to associations but are often more informal; they typically have fewer members than an association does, which allows them to be more intimate settings where you can build relationships with people who have similar interests as yours (e.g., golfers).
If there aren’t any local groups that fit your needs, look online at sites like Meetup or LinkedIn Groups that allow users from all over the world connect based on their location preferences–you might find one closer than expected!
May we be so bold as to invite you to look into our Pronto Tax School membership? Pronto Tax School provides a great association to become a member of, that includes industry and business education, an annual conference, weekly live webinars by industry tax professionals, networking opportunities, tax preparation support for difficult situations and a bevy of additional tax and business related support and growth assistance. Click here to check out our two membership plans to see which is the best fit.
Use social media to connect with clients, colleagues and other tax professionals.
Social media is a great way to connect with clients and colleagues. Use social media for networking, showcasing your expertise, sharing information about your business or industry and engaging in meaningful conversations that can help both you and the people you’re connected with.
Keep up on changes in tax law and business trends.
In order to grow your tax business, you must constantly be aware of changes in the tax code, business trends and what your clients are interested in.
You need to stay up-to-date on all these things because they can have a big impact on how much money you make or lose each year. For example, if there’s an upcoming change in the tax laws that affects how much money people save for retirement accounts like IRAs and 401(k)s, then you might want to consider advising them differently than before or else your clients will go elsewhere with their money when they realize they can’t use it for what they originally intended (or maybe even at all).
Similarly, if there’s been an uptick in small businesses hiring contractors instead of full-time employees because it’s cheaper for them financially but also gives them more flexibility when hiring talent based on project needs rather than long-term commitment levels from staff members; then this would be something worth keeping track of so that when someone asks about hiring contractors instead of full time employees; then at least one part of their question has already been answered without having any knowledge beforehand!
If you are interested in attending one of our online weekly webinars for free to see what you are missing, check out our calendar here, and make a request to our support team for a code to join us in one of the webinars.