Page 11 - UIG Business Model Presentation
P. 11
Future Tax Industry issues
Along with the current issues
● Tax Reform - More changes to the tax code
● Demographic change - More millennials a new generation of filers
● Web-Based programs - People are looking for convenience, Millennials stand out for their
technology use, but older generations also embrace digital life, The Future
● Seasonal - Delayed Tax Season, Limited Products and Service Offering
● Protecting Americans from Tax Hikes Act “PATHACT”- Delays tax returns claiming the
Earned Income Tax Credit or Additional Child Tax Credit until Feb. 15
● Increased Competition - How will you complete with the average tax office? What further
differentiates you from your competition
● Taxpayer Offsets - More and more Taxpayers owe government institutions
● Regulatory Changes- IRS to regulate Tax Professionals in the near future
