This is the 14th in a series of 23 tax tips that AdvisorOne will publish on each business day in March as part of our Tax Planning Special Report (see our Special Report calendar for a more complete list of topics to be covered and experts who will deliver their insights).
The tax tip today comes from Andrew Rice (below), vice president and CFO of Money Management Services, Inc., an independent RIA firm in Birmingham, Ala. He is an Accredited Investment Fiduciary, Certified Tax Specialist and Wealth Management Specialist. Rice holds a BS in accounting from the University of Alabama-Birmingham. Rice writes regularly for AdvisorOne about tax planning issues.
The Tip: Create a Process and Make it Efficient: Part 1
You may have seen the TV commercial by H&R Block, “Never Settle for Less,” which offers a second look at the tax returns for the residents of Greenback, Tennessee, to see if H&R Block can get additional money back for them. What a great advertising strategy to build customer loyalty and branding.