Tax pros and amateurs face some of the same barriers: handling confidential documents and staying organized throughout the whole taxing process. There are some solutions to make the process easy and safe.
Even though many returns are submitted electronically, paper documents still play a role in the tax office. Paper based ID theft breaches for the first half of 2012 accounted for nearly 15% of known breaches. As you handle scores of tax returns with social security numbers and bank account numbers, having a consistently performing shredder available ensures the ID security of your clients. In addition, a commerical paper shredder that is visible to your clients and in use while you are preparing their taxes gives them a higher level of trust and confidence in you and the practice you run.
Do It Yourselfers
Tax time may also be a purging period of old returns–something id thieves are fully aware of. You make feel your current return is perfectly safe because you filed electronically, but those old returns carry the same confidential information that can fall into the wrong hands when you are disposing of them. A reliable household shredder can make cleaning out your tax records a lot easier. If you do a lot of shredding in your home office, consider a home office shredder for longer run times and shred capacities.
Helping your clients get their documents done may not be the only way you can help. Consider offering them methods for long-term tax organization. Suggest a Tax Organization Kit. It can help your clients keep records clearly organized throughout the year for easier processing during tax time–making their life and your job a lot easier.
Do it Yourselfers
Sometimes the worst part of the tax process if you do it yourself is remembering where you put this form or that receipt from eight months ago. A tax organization kit with flip top boxes and color coded reference labels can really help staying organized throughout the year. Without guidance from a tax professional, do- it-yourself organizational help can reduce the stress of the tax time process.