Bank Products
We offer bank products with ERO rebates. Click here for more information.
Debit Card
We offer a full featured Debit Card. Click here for more information.
New speed entry screens
Fast...very fast. With 1040Works' speed entry screens the average return can be completed in 3 minutes or less. Our new easy-to-use speed entry screens reduce mistakes while increasing your ability to do more returns in a single day. Intuitive input screens and auto-complete data fields dramatically reduce tax prep time, eliminate keystrokes and the need to switch between your keyboard and mouse.
Asset Tracker
We have replaced the Depreciation Worksheet with the Asset Tracker. The Asset Tracker goes beyond the Depreciation Worksheet by tracking an asset's value (basis) along with its depreciation from year-to-year. The Tracker can also move assets from form-to-form (i.e. Schedule C to a Schedule E).
AN UNBEATABLE SOFTWARE PACKAGE
1040Works' special features will make your tax practice unbeatable. 1040Works offers full conversions from many of our competitors' software packages, as well as state-of-the-art electronic filing and bank services, tax planning software, per unit processing, importing from accounting software and a convenient tax guide.
Included in every 1040Works Professional Package
FREE Electronic Filing
1040Works Federal
Toll-free Support
Zip Code Library
Depreciation Worksheet
Client Management
Laser Forms
E-mail Support
On-Screen Help
Form Filler
Multi-state Processing
Client Instruction Letter
Detailed Client Invoice
Employer Library
Detail Statements
Management Database
Diagnostic Report
Name, Address & Envelope Labels
Free Conversions from Competitors
Taxpayer Organizers
Two-year Tax Comparison
Invoice Printing
Preparation/Status Report Checklist
Custom Letters
Dated Estimated Tax Reminder Letters
Three Levels of Input
EF Due Date Projector
Laser or Inkjet Printing
Popup Calculator
Integrated E-File and Bank Processing
EF Status Online and in Program
Notes in Return
On-Screen Review
Refund Estimator
Real-time Online EF Reports
Federal/State Summary Window
Auto-fill Libraries
Multi-Level Security
1040X Super Paste Button
Custom Screen Colors
Management Reports
Government/State Publications and Instructions
Online Upgrades
Free Network Capability
Quick New Status
Duplex Printing
Audit Notification
Easy Multi-Office
Management Schedule K-1 for each Beneficiary
Other Included Extras
Give your clients the option of getting their refund back faster with our Bank Products.
Our Bank Products include:
• Santa Barbara Traditional
• Low-Cost Santa Barbara
• Chase
Our Bank Features include:
• Same day Instant Refund Loans
• 24-48 hour refund anticipation loans
• 7-14 day Federal refund products
• 7-14 day State refund products
Your clients can receive their refund proceeds by:
• Cashier's Check
• Direct Deposit
Bank products may or may not appeal to your existing clientele, but adding bank products to your business will allow you to attract new customers who have a need for these services.
Complete returns without up-front payment: For existing customers who may have difficulty paying tax preparation fees, bank products offer a convenient method for paying these fees with their tax refund, meaning no out-of-pocket money.
"One-Stop-Shop": Bank products provide a "one-stop" solution. Your clients receive their tax refund quickly and safely (especially clients without bank accounts).
THREE REASONS TO OFFER BANK PRODUCTS
1. Tax professionals can prevent losing existing clients to competitors by offering a more complete product offering. It's up to tax professionals to decide if they want to retain certain clients by offering bank products or refer them to a full service tax office that does offer bank products, thus potentially losing them next tax season. Revenue can be generated quickly by processing fast and easy returns. Bank product customers typically have simple returns that require minimal preparation effort, and these clients need to go somewhere to have their taxes filed. Why not your office? Simple returns can be prepared by temporary staff, leaving tax professionals free to work on more complex returns.
2. The taxpayer may need access to their tax refund money sooner than the IRS can release their refund. By offering the taxpayer a Refund Anticipation Loan (RAL) based on the federal tax return, the taxpayer can have access to their money fast.
• The taxpayer can have quick access to their refund money
• The tax preparer's fees are sent directly to his or her bank account
• The tax professional prints the cashier's check in the tax office, or directs the refund via ACH Direct Deposit
3. The taxpayer may not have the funds to pay up front to have their tax return prepared. By offering a Refund Transfer (RT) bank product, the tax professional can have all preparation fees deducted from the amount of the taxpayer's refund. The benefit to the taxpayer is no out-of-pocket expense.
• The taxpayer can receive their refund in approximately 7-14 days (upon IRS and/or state funding)
• The tax professional prints the cashier's check in their tax office, or directs the refund via ACH Direct Deposit
In summary, tax professionals can generate additional revenue with existing and new clients. Preparer incentives from the banks, in addition to any bank product fees the tax professional elects to charge taxpayers, can be lucrative. With a minimal amount of effort, tax professionals can increase sales by offering bank products to clients who want their refund amount in less time or need tax preparation services without paying fees up front. The added product offering can be used as a tool to hook new clients and create additional growth with the help of rebates paid upon the bank funding for RALs and IRS funding for RTs. Additional end-of-season incentives can be earned to further boost profits to the tax professional.
