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Merchants: Check Out These Guarantees on This National Tax Day

Posted by Brandon Weaver | Tue, Apr 15, 2014 @ 09:55 AM

Bad CheckWe all know Benjamin Franklin’s famous proverb, “The only things guaranteed in life are death and taxes.”

But sometimes guarantees can bring merchants peace of mind. Tax Day is a holiday for some states, after all, even though we only “observe” it and still go to work. April 15th is the deadline for individual tax returns, as H&R Block’s™ “Get your billion back America®” commercials have been reminding us for some time now. And don’t forget that if you own a business or need to file certain tax documents, other important dates may apply to you as well.

One of two things is guaranteed for Tax Day: You get a refund or you owe the government. To that end, here are some important facts merchants might consider on Tax Day this year:

There Is Actually Something To Celebrate!

According to the IRS, Americans really did get billions back. On average we got higher refunds this year compared to last. And if you e-filed – as did 95% of Americans – you might be celebrating already, because you were more likely to get your refund faster  and because you got it in a more environmentally friendly way, since the government didn’t have to use resources for  printing or delivery. Everybody wins!

Audits – Not as Scary As You Think

Refunds make us happy; audits do not. Getting that notice from the IRS can be one of the scariest pieces of mail a merchant may ever receive. You have to scramble to collect previous tax documents, you may potentially pay more taxes, and no matter what, you have to deal with the time and stress of the whole process. Worrying about being audited doesn’t have to be so scary, though. In fact, audit rates are less than 1% for all income groups and businesses.

If you are accurate and forthright the chances of being audited are very slim, and the chances the IRS will find a mistake are even slimmer. Some tax professionals make worrying about an audit even less stressful. H&R Block offers a “Peace of Mind” protection plan that pays your IRS penalties up to a specific dollar amount and provides for representation if you’re one of the unfortunate few who gets audited. Jackson Hewitt™ offers a similar service called the “Gold Guarantee.”

Tax Season Peace of Mind, Guaranteed!

If you’re like a lot of people, as soon as you complete your tax return a sense of relief washes over you. Of course, if you end up having to pay the government you’re not as happy as you would be if they cut you a check, but either way it is a big load off of your shoulders.

Refund or payment, your Tax Day peace of mind would probably be even more peaceful if you suffered fewer losses in the previous year. Here’s how thousands of managers and business owners just like you accomplish exactly that: A free guide detailing how check guarantee can minimize the number of bad checks you accept and reimburse you if one gets past you. Just like H&R Block™ encourages you to “get your billion back,” check guarantee can help merchants get all the money owed to them. Death and taxes may be inevitable, but losses due to bad checks no longer are.

 

Check Guarantee Insider's Guide

Written by Brandon Weaver