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3 Ways to capitalize on your tax season engagements

October 21, 2015
Read Time: 0 min

Every year, accountants brace themselves for the inevitable tax season. For many accountants, unfortunately, tax season means that lucrative consulting work that can diversify revenue and bolster firm growth throughout the year gets put on hold in order to handle the mountains of personal and business tax returns. However, tax season provides the opportunity for accountants to sit down with the majority, if not all, of their clients. These meetings can be excellent chances to deepen client relationships by reviewing financials and offering proactive financial advice.  Here are a few things that accountants can do to capitalize on this opportunity that tax season provides.

1. Craft a game plan for adding value to your tax season engagements. Seek tangible ways you can help each client that you will come in contact with for tax purposes. At a minimum, identify five to 10 clients you’d like to target for selling additional services as you leverage the financial information that is provided from their tax return. 

2. As you review your clients’ tax returns with them, keep in mind that they are still concerned about the ability of their business to perform and grow. Ask questions that will draw out their concerns. For example, you could ask, “Is your current cash flow enabling your business to hit its growth goals?” By continuing to keep the trusted advisor hat on, your firm will be able to identify more lucrative opportunities to expand its services as tax season comes to a close. 

3. Though tax returns are focused on the past revenue of your clients, be focused on providing business recommendations for your clients’ future revenue. Fight the temptation to put your head down and push through tax season – always be thinking about strategic ways that your client can improve their business. Though your firm is busy crunching through tax returns, your clients’ still need proactive advice.

An innovative way to save time and provide proactive advice is with Sageworks’ new Electronic Tax Return Reader. In less than 5 minutes, you can take electronic tax return information and upload it into the Sageworks platform – making possible faster-than-ever benchmarking, forecasting and client analysis. You’ll be able to quickly generate presentation-ready reports from the Sageworks platform, and you can share those with your clients during your meeting to discuss their 2015 tax returns. Point out a few areas where your client’s financial metrics lag peers, and discuss the services you can offer once tax season is over in order to help them gain ground. Or give the client some good news by pointing out the ways in which they are outperforming peers and by offering to help them capitalize on the momentum.

For more information on how ProfitCents can help your firm capitalize on tax season, download this complementary whitepaper, “How to Make the Most of Your Tax Season Engagements” or request a walk-through of ProfitCents. 

About the Author


Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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