Moneybag Tax Solutions was started to help up-and-coming tax preparers build and grow their tax business. We have combined experience of over 15 years, and we are passionate about helping others succeed in the tax industry. We offer several services to help others grow and scale their tax business.
Moneybag Tax Solutions provides tax preparers with the industry's leading professional tax preparation software that helps you maximize productivity, revenue and efficiency, so you can focus on your clients and growing your tax business. Whether you prepare individual 1040 or business tax returns, are a new tax preparer or a service bureau, Moneybag Tax Solutions has the tools and resources to help you grow and scale your tax office!
About Us
What We Offer:
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Tax Software
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Mentorship
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Branded Tax Courses
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Tax Law Team Training
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Compliance Assistance
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Office Audit Protection
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Branding & Marketing
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Done-for-You Tax Office Startup
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Do I have to pay a monthly fee to use your software?There is no monthly fee to use our software. Once you purchase your software option you have unlimited access.
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What are the fees attached to each tax return?Transmitter Fee-The tax software chosen charges transmission and technology fees to process electronically filed tax returns that utilize a bank product to facilitate payment of the refund. These fees are automatically charged on every return with a bank application and are paid by the taxpayer out of their refund. Service Bureau Fee-A fee charged by the service bureau to the ERO who has purchased their tax software and added to each return in such exchange for software training, marketing assistance, tax education and more. The fee amount is determined by what service bureau and partnering tax prep business agree upon. E-File Fee-The Electronic Filing Fee can be charged by the ERO on each return as a software utilization fee for the convenience of not having to mail returns. Non-Bank Product E-File Fee-The Non-Bank Product Electronic Filing Fee is paid to the software by the ERO as a software utilization fee for the convenience of not having to mail returns. This fee will be invoiced to the ERO (with a choice of weekly according to payouts or at the end of the season in a lump sum) Document Preparation Fee-The Document Preparation Fee is an additional fee the bank allows the ERO to charge for handling and completing bank applications on tax returns prepared in the software. The bank pays this fee directly to the ERO along with the tax return preparation fees. Refund Bank Fee (if applicable)-The Refund Bank Fee is a service fee charged by the selected refund bank to facilitate the process of paying the tax preparer from the taxpayer’s refund deposit. Audit Protection
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What are the backend fee amounts?Transmitter Fee=$59-$99 Service Bureau Fee (depending on prior year volume) 0-50 Prior Year Returns=$50 51-100 Prior Year Returns=$40 101-200 Prior Year Returns=$30 201+ Prior Year Returns=$20 E-File Fee-Set by the ERO Non-Bank Product Fee-$25 Document Preparation Fee-Set by the ERO Refund Bank Fee (if applicable)-$39.95+ (Dependent on bank chosen by ERO) Audit Protection (optional)-$62 Tax Slayer Pro, $69.95 OLT Pro
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Is there an annual renewal fee for softwareThere is no annual renewal fee as long as you maintain the agreed upon bank product volume year over year.