May 1, 2023
Clear communication around the topic of tax refunds and payments with clients is essential whether you’re the one doing the tax preparation or you’re an advisor doing tax return reviews. So, how do you gauge how much information your client is truly understanding during your meetings? And how can you be certain that they are comfortable with the amount they’ve paid or have had refunded? The answer is simple; ask them. In this episode, I will be sharing how to have these types of conversations with your clients to ensure everyone is feeling confident and happy around tax season. We turned back to this episode to refresh our memories of Steven's explanation of what you can do for your clients if they want to have additional withholdings throughout the year in order to not have to pay such a large lump sum at tax time as well as what you need to know about penalties. You will learn the importance of avoiding the use of jargon when speaking with clients, the most common mistake made when it comes to withholdings and how to deliver massive value during tax season planning.