COMPENSATION & PAYMENT TERMS
Compensation & Payment Terms – Tax Season [YEAR]
Product Description:
Ensure clarity and transparency in tax preparer payments with this Compensation & Payment Terms Agreement. This document outlines the revenue-sharing structure, administrative fees, and payment process, ensuring both tax preparers and firms operate with clear financial expectations during tax season.
Key Features:
✅ Revenue Share Breakdown – Defines the 60/40 split for tax preparation fees.
✅ Administrative & Training Fee – Clearly states the $199.00 fee, deducted from the first tax preparation fee disbursement.
✅ PTIN Renewal Responsibility – Requires preparers to renew their PTIN and submit confirmation to the ERO.
✅ Payment Processing for Virtual Preparers – Specifies that virtual preparers must submit a Fee Reconciliation Form to receive disbursements.
✅ Fast Payment Disbursement – Funds are processed via ACH deposit within three (3) business days after posting.
✅ Acknowledgment & Agreement Section – Ensures tax preparers formally agree to the terms before beginning work.
Perfect For:
✔️ Tax preparation firms managing independent contractors
✔️ Tax preparers looking for a structured payment agreement
✔️ Businesses ensuring smooth and dispute-free tax season payments
Instant Download Available! Establish clear payment terms today and streamline your tax season operations! 🚀