PreSeasonFUNDS - Pre-Season Cash Flow
Existing TPG clients that qualify can access the PreSeasonFUNDS to help with office startup & promotional expenses. So whether leasing office space, purchasing office supplies, securing advertising or hiring seasonal staff, the Pre-Season Advance can help you prepare your office for the upcoming tax season.
Amount available: Up to $18,0001
Cost: $15 per month for every $1,000 advanced
Cash available: Starting December 1
SimplyPAID - In-Season Fee Advance
SimplyPAID, the in-season fee advance, acts just like a free line of credit at the start of tax season, with a portion of your tax preparation fees advanced to you upon IRS Accepted Acknowledgement.
Amount available: Up to $150,0002
Cost: no charge
Cash available: First day of filing
Amount advanced: 70% of tax prep fee3
How money is advanced
The requested amount is issued upon approval in one direct deposit.
During tax season thru February 12th, TPG advances 70% of the tax preparation fees requested. Fees are advanced when IRS Accepted Acknowledgement is received, up to the tax professional's advance limit. So a tax prep fee of $20 is processed, TPG will advance $140 to the preparer.
Fees will be advanced through February 12th. Watch the video below for more details.
How advances are repaid
What happens during tax season?
When IRS funding arrives, TPG uses all of the tax preparation fees withheld from the clients' refund amounts to repay the amount advanced. This reduces the amount advanced to you below your limit. TPG will advance fees again until you reach your advance limit.
What happens when I opt in to both products?
Once you get into tax season, PreSeasonFUNDS and SimplyPAID are combined into a single amount that is available to you. TPG will advance tax preparation fees up to this total limit.
Can I turn off SimplyPAID during tax season?
If you decide you no longer need SimplyPAID, you can turn it off at any time by returning to the Program Opt-Ins page and selecting the Tax Pro Advance program.
How are the advances repaid?
Once the program expires or is turned off by the tax professional, the tax preparation fees collected from the clients' refunds are again used to repay the amount advanced until it's fully repaid. Once TPG has fully collected the amount advanced, it's business as usual, with fees paid upon IRS funding.
Watch this short video for a great summary of how the programs work.
Tracking your advances
Logon to our website and visit the Business Reports page to run and view the Fee Deductions Report. When viewing the report as a pdf, the last page of the report is a report legend that will guide you through the information contained on the report.
1 Must opt-in by December 15 to qualify. Advance is subject to approval. Must be enrolled in Standard Refund Transfer program to qualify; all discount programs offered through TPG are excluded from this program. Pre Season Funds available only to prior TPG clients. Advances provided by TPG Financial Services. Check with transmitter for availability.
2 Amount includes $18,000 pre-season advance which may be selected in-season or pre-season to qualified and existing TPG clients. Must opt-in by December 31st to qualify.
3 70% of tax preparation fee advanced upon IRS Accepted Acknowledgment - up to $400 per return.