Solutions Through Support: Effective Financing for Tax Relief Clients
Published January 17, 2024
Solutions Through Support: Effective Financing for Tax Relief Clients
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Tax relief companies that assist clients with paying back taxes and working with the Internal Revenue Service to help taxpayers implement payment plans and participate in tax forgiveness programs understand that affordability of their services can be a challenge.
On the one hand, the client may be facing significant debt from an unpaid tax bill but on the other hand, most clients would rather not face dealing with the IRS on their own, nor should they. Yet your time is valuable and you want to ensure that your business continues to grow and keeps generating revenue while providing the best tax relief services to a wider customer base.
So when it comes to affordability of your tax resolution services, you want to provide your clientele with as many options as possible to hire your company to help them pay their tax debt. Tax resolution financing through Fund My Contract can make it easier for customers to eliminate their tax liability without facing the IRS by themselves.
Acquire Customers Faster
Licensed tax professionals who offer a critical service to taxpayers facing tax levies and penalties still face many of the same challenges as other businesses in just about every industry in the world. If you can’t attract paying customers, the business will fail. In many instances, the customer is tough to acquire because he or she is unable to afford the product or service when paying with cash in one lump sum.
But with tax relief services financing programs through Fund My Contract, your customer doesn’t have to pay the total amount at the time your services are rendered. He or she can select the financing option that fits best within their budget and pay the bill over a series of installment payments that are far more affordable on a monthly basis.
When the customer knows you offer financing with flexible terms, low payments, and affordable rates, he or she is more likely to hire you on the spot instead of taking some time to think about whether or not they can fit the cost into their budget.
Generate Revenue Faster
Another way that financing supports tax professionals is by ensuring that your business benefits from the program directly instead of allowing that revenue to go in the pockets of another tax resolution company. That’s because Fund My Contract’s network of lenders only provide closed-loop financing programs, so when the customer has been approved for the lending program of his or her choice, they must spend the financing amount with your business alone.
Once you have provided the customer with the tax services they need to eliminate their outstanding tax liabilities, the bill is paid in full with the financed amount. You need not worry about chasing after unpaid invoices from clients who are routinely in arrears on the balance. You receive the full amount when it’s due.
The customer, now the borrower, submits the monthly installments as agreed upon in the financing arrangement. In the event that a payment is late, missed, or the arrangement goes into default, you are not obligated to return the money you received. That is yours to keep since you have performed the services for which you were paid. You hold no other responsibility after the transaction is complete.
Customers Get Approvals Faster
The Fund My Contract online portal makes it easy for customers to learn about the financing programs your business offers and find out which ones they are qualified to participate in to make paying for your tax resolution services more affordable.
The application process is simple, the customer simply fills in his or her personal information, employment history, and amount needed for financing your company’s tax liability relief services and they can find which programs are best suited for their needs in just a matter of minutes. This can make the sales process much easier on you and your staff as the customer can make a decision on hiring your company much faster.
Fund My Contract is dedicated to the expansion of your business and when customers can get faster approvals, they decide to engage your services that much quicker.
Grow Your Business Faster
A tax professional who works with customers to navigate the complex tax laws each year and offers financing options to help pay for those services not only increases revenue and sales but fosters greater customer satisfaction and retention. While you don’t necessarily want your customers to fall behind again in their tax liabilities, it is a good thing to know that you’ve performed your services to the best of your abilities and received glowing reviews either through word of mouth or online.
In today’s digital marketplace, customers seeking out the products and services they need will read online comments and reviews that are left by previous and current customers. When they read that your tax resolution company was successful in working with the IRS to help settle tax debt and offered financing programs that put those services within reach by making them affordable with flexible terms and low monthly installments, prospective customers sit up and take notice.
Expanding your customer base helps your business grow faster and makes it that much easier to be successful in a crowded marketplace.
Customize Your Financing with Fund My Contract
Financing programs through the Fund My Contract network of lenders come in a variety of possible options. What works for one type of business may not work for another, just as each customer who needs to hire tax relief services has a variety of possible challenges that have led to an increase their tax debt.
Our network of third-party lenders consist of a wide range of leading financing entities that have some of the most innovative tax relief services financing programs in the industry today. These programs are developed and personalized to fit the particular needs and challenges of your business and the customers who rely on your services to settle their back taxes.
Whether it’s a program that offers the lowest monthly installments or a promotional rate that makes it easier to fit a payment plan into the customer’s budget, our lenders have the solution for you. We specialize in working with small and big businesses alike and there is always a smart and sensible answer to ensuring that your customer base has the access to the financing options that meet their expectations.
Are You Ready to Give Your Business a Brand New Start?
If your business is having difficulty moving forward because your customers are having difficulty paying for your services, financing through Fund My Contract can help. Talk to one of our tax relief services financing experts today and find out how our financing programs can support both your business and your customers and boost your sales.
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