How Does Tax Reform Impact Your Practice

Published under Marketing

Tax simplification? Despite efforts of the Federal Government to make the tax code easier to understand, it continues to get more and more complicated. In fact, the “code” today represents a volume a little larger than the King James version of the Bible.

As efforts to simplify the tax code press forward, this presents a great opportunity for you to build your tax and accounting practice. Every year the number of people who have professionals file their income taxes continues to increase.

The Need For Professional Tax Preparers Continues to Rise

Of the 224.3 Million returns filed in 2004, 43.9 Million were filed by professionals. That’s up from 25.2 Million in 2000. (During this period of time the total number of tax returns remained fairly constant.)

You might be surprised to know that 81% of people surveyed thought the tax code was too complicated and 70% said they hated to do their own taxes.* This is really good news for you… if you are considering starting your own tax preparation business.

43.4% of the Federal Budget is Funded by Individual Income Taxes

$2,473,298,000,000.00 is the projected budget for 2006. Whether or not they “simplify” the tax code, the need for professional tax preparers will continue to increase.

In fact, the US Department of Labor predicts that as the economy grows, the number of businesses will increase, requiring more accountants/bookkeepers to prepare taxes, set up books, and provide management advice. As these businesses grow, the volume and complexity of information developed by these professionals regarding costs, expenditures and taxes will increase as well.

They also say that the increased need for qualified tax preparers and accountants will rise from changes in legislation related to taxes, financial reporting standards, business investments and other financial matters.

How Does “Tax Simplification” Create a Marketing Opportunity for My Business?

It’s been said, “People who complain about taxes can be divided into two classes: men and women.” As long as people feel this way about taxes, it doesn’t matter whether the code becomes easier to understand or not, the opportunities for professional tax preparers will always exist.

Make tax simplification a point of discussion with your clients. Turn this current event into a conversation that allows you to offer your services. Feel free to quote the statistics that we’ve discussed here as you communicate with your clients.

Utilizing current events in your communications and marketing material is a great way to introduce your services to your present clients as well as potential clients.

The Professional Tax Preparer Certification Teaches You How to Market Your Tax Practice

Don’t reinvent the wheel. Over the years, Universal Accounting has discovered time tested methods for finding clients and building a profitable and successful practice. We employ some of the finest marketers in the business whose sole purpose is to help you market your tax and accounting practice.

We can’t do it for you, but you’ll have access to the best marketing experience and advice available anywhere. This is a Universal Accounting exclusive. I don’t know of another program anywhere that offers you the advice and expertise that you’ll find here.

Click on the link below and learn more about the Professional Tax Preparer Certification and how you can make $100 per hour or more providing professional tax preparation services to your clients. But that’s not all. You’ll also learn everything you need to know to find and keep the clients that will make your business profitable.

Click Here to Learn About Making $100 Per Hour or More With a Professional Tax Preparation Business

*Tax Foundation Annual Survey of Attitudes on Tax and Wealth

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