Going 100% Virtual in Your Tax and Accounting Business

💡Transitioning your tax and accounting business to a virtual model allows for scalability and efficiency.

📝A step-by-step checklist is essential for successfully going virtual, including exporting client lists and setting up email communication.

📬Sending snail mail notices to clients helps ensure they are aware of the transition to a virtual business model.

🗣️Over-communicating with clients about the new process is crucial for retaining clients during the transition.

📉Client attrition is normal when transitioning to a virtual model, but radical transparency can help minimize losses.

Why should I transition my tax and accounting business to a virtual model?

—Transitioning to a virtual model allows for scalability and efficiency, freeing you from the constraints of in-person meetings and increasing your capacity to serve more clients.

What steps should I take to go virtual?

—You should start by exporting your client lists, setting up email communication, and sending snail mail notices to your clients. Additionally, over-communicate with your clients during the transition to ensure they understand the new process.

How can I retain clients during the transition?

—Radical transparency and over-communication are key to retaining clients during the transition. Make sure they understand the benefits of the virtual model and address any concerns or questions they may have.

Is client attrition normal during the transition?

—Yes, it is normal to experience client attrition when transitioning to a virtual model. However, by being transparent and proactive in your communication, you can minimize losses.

What are the long-term benefits of a virtual tax and accounting business?

—A virtual model allows for increased scalability, efficiency, and flexibility. It also improves your quality of life by eliminating the need for in-person meetings and expanding your client reach.

01:06Learn how to transition your tax and accounting business to a 100% virtual model.

03:48Export your client lists and set up email communication to prepare for the transition.

05:02Send snail mail notices to ensure all clients are aware of the transition to a virtual business model.

09:23Over-communicate with clients to address any concerns and retain them during the transition.

10:59Client attrition is normal during the transition, but transparency and communication can help minimize losses.