• Samantha Hind

5 reasons Fact Finding is essential to Tax Advice

If you've already had a dabble with the Tax Panel you'll know the Fact Find stage in the process is critical to ensure that your client’s needs are diagnosed properly. 👇👇



STEP 2: COMPLETE A BESPOKE FACT FIND

Once you have submitted your Tax Panel enquiry, your designated Tax Director will provide you with a bespoke Fact Find to complete with the client.

The Fact Find will generally cover:
  • Personal or company details

  • Future plans

  • Goals & objectives

  • Time being currently spent

  • The headache they are looking to resolve

  • Specific information relating to the area of tax in which they’d like advice.


By asking a specific set of questions, bespoke to your client's circumstances, we can collate the facts and motives needed for a Tax Specialist to be able to give advice, for your client's specific tax enquiry.

 

It’s only by asking the right questions, and ensuring the process is carefully documented that your client's needs can be diagnosed accurately.
 

5 REASONS FACT FINDING IS ESSENTIAL

It might feel like a slightly longer process to get to the proposal for your client's tax advice but without a Fact Find:

  • The Tax Specialist will continue to request additional information in bits, which can lead to frustrations and delays.

  • The quote will not be as accurate as it could be.

  • There are likely to be additional costs once the work begins if all facts are not considered from the start.

  • Your client won’t get exactly what they want or need, leaving them dissatisfied.

  • It is likely to take more time to obtain a quote.



ACCESS YOUR PROCESS & ASSETS

We’ve invested a lot of time into developing a process that will deliver the highest quality tax advice and consultancy service to your clients.


To support this we have developed the resources and templates to help you establish a sustainable service to convert more advisory and grow your business.





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