Blog Post

3 Ways To Revolutionize Your Tax Season Workflow

Tax season can be an incredibly stressful and time-consuming period for financial institutions, businesses, accountants, and individuals alike. But, it doesn’t have to be! By implementing some simple strategies, you can expedite your tax season by saving time and labor. Get ready to revolutionize your workflow and take the stress out of tax season!

1. The Checklist Method

Tax season can be overwhelming, but you can make the process simpler by using a checklist. This method will help you keep track of deadlines and due dates, and help ensure that you stay compliant with the federal laws and regulations. Breaking up larger tasks into smaller, more manageable chunks makes it less overwhelming than trying to take-on everything at once. If you’re in the market for a business accounting software, a platform like Jetpack Workflow can increase your administrative capacity and take your business to the next level.

2. The Validation Method

We get it! Late nights during tax season can be stressful, but they’re also avoidable! With the right tools, you can optimize your workflow while enhancing organization and prioritizing compliance. One of the best ways to stay ahead of the curve and expedite your workflow is to validate TIN’s year ‘round with Using our database of over 20 million Tax ID’s, you can avoid the last minute rush and validate throughout the year, leaving you plenty of time to double-check check your work to ensure accuracy and compliance with federal regulations.

3. The Batch Processing Method

So what if you’re in a time crunch? Or maybe you’d just prefer to not validating throughout the year! Either way, the batch processing method may be the perfect solution for you! Bulk TIN Matching or Batch Matching is a powerful tool to have in your arsenal — this process allows you to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC/KYB) regulations, while saving you time and labor by eliminating the need for manual input and verification processes, and empowering you to quickly identify any red flags or compliance issues. Using this method allows you to quickly identify potential KYC or AML issues that may arise and respond accordingly. 

By incorporating into your workflow, you can be sure to stay compliant while saving time and labor this tax season!

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