Make the money train run year-round.
By Jassen Bowman
As we head into the home stretch of filing season, some tax practitioners are ready to just put busy season into their rearview mirror.
For many tax professionals, however, the end of filing season brings an unpleasant reality: A sudden drop in revenue.
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If you have a 1040-dominant practice, you likely have a cadre of clients that you put on extension. This extends the seasonal revenue into May, of course, and likely creates another revenue bump come October. Unfortunately, that means many small firms and solo practitioners are stuck dealing with significantly reduced revenues for about six months out of the year.
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