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How PreSeasonFUNDS & SimplyPAID works

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PreSeasonFUNDS and SimplyPAID are two programs that provide cash flow to qualified tax professional partners before and during tax season. Here's how it works:

 

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: $30 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 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: 1% fee for every advance payment

Cash available: First day of filing3

Amount advanced: 70% of tax prep fee3

 

How money is advanced

 

PreSeasonFUNDS

The requested amount is issued upon approval in one direct deposit.

 

SimplyPAID

During tax season thru February 20th, 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. 

Fees will be advanced through February 20th.

 

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 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.

 

 

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. The fee is taken out of the amount advanced to you.

 

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