When disaster strikes–from natural disasters to house fires and beyond–rebuilding records and calculating loss from the damage may not be the first things on your clients’ minds.
However, calculating loss and piecing critical paperwork back together will be vital when tax season comes back around. Here are some pointers to help your clients recover records and protect them in the future.
Note which records are accessible online
Many vital records are easily accessible through the internet. If you have a new client that has not filed with you in the past, for instance, you can have them pull tax transcripts from IRS.gov.
Beyond tax records, your clients can usually go online to get past financial statements from credit card companies or banks.
Collect uncommon records from title companies, contractors, and more
Some paperwork is less accessible but still available with a little extra effort.
For example, homeowners looking for info on their property can contact the title company, escrow company, or bank that handled the home purchase; contractors are also good to contact for home improvement details.
Scan any physical records and back them up digitally
Once you’ve collected the needed records, it’s time to secure them digitally in one place–and for any tax-related documents, GruntWorx is the tool to have.
You can make quick work of your clients’ “shoebox” by automatically organizing, bookmarking, and labeling scanned tax documents.
Recovering from disaster is a slow and steady process, and with GruntWorx, you can be a resource in your clients’ corner.
Come see us on the road!
GruntWorx is traveling for the NATP Tax Forums, and webinars are still in full swing! We would love to meet you, so be sure to register soon for a trade show or webinar to see how GruntWorx can make your 2023 tax season great.
