April 2019

Simplicity, time, and money are 3 of the most important factors in running a successful tax office. By streamlining complex tasks and saving time wherever possible, tax offices only stand to benefit. With all of the technology available at our fingertips these days, we can more capably run our tax offices to be stronger and more efficient than ever before.

Several software companies out there offer great solutions to run a speedier and less costly tax preparation business. One company that stands out in terms of high-tech, comprehensive tax office solutions is CrossLink Tax Software.

Although it may sound surprising, outside of rent and employee compensation one of the major expenses for tax offices is printer ink and paper. With all the hard copy documents to store, photocopies, tax forms, and more, these expenses can really add up. CrossLink took advantage of this widespread inefficiency and turned it into an opportunity to really shine.

For tax offices willing to make the switch to a higher-tech software, below is a list of the most valued time & money-saving integrations offered by CrossLink.

1. ERO Mobile App & Tax Payer Mobile App – Simplifies client-preparer communications, and speeds up information & document collection.
2. Handheld Scanner – Speedier information retrieval to software storage that saves preparer time during client interview process.
3. Signature Pad – Save money on copying, printing, and maintaining physical files/forms and other documents.
4. Multi-Office Management Platform – With multi-tier licenses (feeders) tax professionals can more easily expand their business to other locations without the hassle of setting up new software, simplifying the management of multiple locations/tax preparers.

Every tax season, more tax professionals are beginning to use Bank Products.  The use of Bank Products can be rewarding for tax offices and their clients alike.   Mid to high volume offices should definitely consider the use of Bank Products due to the variety of benefits they provide.

One of the most popular benefits of Bank Products is their ability to provide cash-access to tax offices via non-interest bearing cash advances.  Advances to tax offices can be given pre-season and in-season to assist with all kinds of expenses. Pre-season advances are especially valuable in helping tax offices fund marketing costs that help attract new clients and retain current ones. In-season advances can also be leveraged to help with operating costs such as salaries; this helps tax offices stay cash positive until returns begin funding. Depending on funding volume, Bank Products can also offer attractive incentives that help boost tax office revenue.

Bank Products not only help keep tax offices cash positive but also help keep taxpayers cash positive as well. Taxpayers are not required to pay any upfront fees with the utilization of Bank Products. Any fees owed to the tax office can be deducted from the client’s return when funded.  Additionally, Taxpayers benefit from the convenient disbursement options associated with Bank Products. Clients can choose from Debit Cards, Checks, Direct Deposits, and some Bank Products even offer Money Cards.

In summary, Bank Products are a valuable option that most tax professionals should leverage. The most important take-away here is this:  Tax offices that offer their clients more options are more likely to retain those clients and attract new ones.