When it comes to doing taxes, there’s a lot to think about. You’ve probably heard about different kinds of tax software, like pay per return and revenue sharing. But what’s the difference? Let’s break it down and see why Taxx Savage is making waves with its pay per return model.
What’s Pay Per Return?
If you’re looking to start a new tax preparation business, you need to understand the various ways tax prep software companies charge for their services.
Pay per return tax software has a flat fee per return so you always know what the cost will be. There may be additional fees if you use bank products, but typically for each return you know that it will be $XX only and you don’t have to calculate percentages. This allows you to adjust your prep fees to what is reasonable for your customer. Typically these fees will come from your customer’s return unless they pay up front, in which case the fee would be due at the time of submission.
How’s It Different from Revenue Sharing?
The revenue sharing business model is a bit more complicated. It may also be referred to as a ‘split’.
Typically this is a percentage of the prep fees that is charged to your customer. So the software company is requiring as their payment anywhere from 20-60% of your profits in exchange for using their software. This is often in addition to other flat fees per return AND the cost of the software itself.
It would look something like this:
You charge $300 to complete a tax return. The software company takes 40% or $120 plus an additional $39 per return as well as assorted bank fees. Plus they aren’t providing support and won’t answer your questions.
At the end of the day, your profits aren’t looking great and you’re not being supported.
Taxx Savage: The Pay Per Return Tax Software Heroes
Instead of paying a split plus fees, you pay a flat fee per return.
If you are doing a bank product, there are ancillary fees from the bank. All of this comes from your customer’s return unless they pay up front, in which case you pay just the flat fee to Taxx Savage when you process their return. Simple.
What else? Many tax preparers only have a PTIN. Taxx Savage offers an EFIN sharing program.
Why Tax Professionals Love Pay Per Return Tax Software
Many tax professionals use expensive software that also makes them give over large chunks of their profits. You pay for the software itself – hundreds or thousands of dollars – and then you pay the per return fee AND the profit share percentage.
What’s left at the end of the day for you, the tax professional?
That’s old school, and not in a good way.
The professionals working with Taxx Savage know what their fees will be for every return, every customer, and can plan accordingly. Part of those plans is putting more money in their pockets! And growing their business using the marketing knowledge and tools provided to them.
No surprises, just fair prices. Looking to start a tax preparation business? Taxx Savage offers a modern approach that empowers professionals to keep more of what they earn.
Don’t Be Afraid To Try Something New
One of the best things about pay per return is that it grows with you. Whether you’re just starting out or you’re a big tax pro, Taxx Savage can handle it. The fit is always just right. And when you get your EFIN and are ready to go it more on your own, the software prices are still fair and reasonable.
Switching to a new tax software can be scary, but Taxx Savage is here to help, even if you have no experience in tax preparation. The excellent customer support is always ready to lend a hand if you’re stuck. They make it easy!
Taxx Savage is leading the way with fair prices, no surprises, and awesome support, it’s no wonder why tax professionals are making the switch. Say goodbye to sharing your profits and hello to keeping more money in your pocket with Taxx Savage!