Beyond Tax Prep: The Big Cha-Ching!

Five reasons business clients are ready for tax advisory services.

Credit for data: Intuit

By CPA Trendlines

Question: If half your tax clients were buying planning or advisory services for five times what they’re paying for tax prep, what would that add up to?

Answer: A big Cha-Ching!

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This may be the season for tax filing, but accountants failing to leverage prep into planning and advisory are missing out on a lot of potential revenue.

The average annual fee for tax planning and advisory services is $2,351—five times the average annual tax prep fee of $459, according to a new study.