Jassen Bowman EA
Jassen Bowman EA

941 Marketing Challenge Day 4

Since today is still the weekend, today’s task will be something you can do asynchronously.

Asynchronous marketing tasks are an important part of your overall marketing mix. What do I mean by “asynchronous”? When I use the word in this context, I’m referring to marketing that you can do out of sync with the rest of the business world, outside of regular business hours. There’s nobody you need to reach on the phone, nobody you need an immediate reply from.

Asynchronous marketing tasks tend to take the form of queueing things to be sent, digital marketing tasks that drive future traffic, setting up paid ad campaigns that run later, reviewing metrics to tweak copy and campaigns, etc. These are all things that can be done evenings, weekends, early mornings, at the beach, or whenever and wherever you want. The ultimate marketing luxury is to generate all your revenue from asynchronous marketing sources.

For today, I want you to start with the simplest of the simple: Start building out the 941-specific content on your website.

I’m making the assumption here that you already have a website, and that it contains a blog section. If you don’t have a blog on your website, call your website provider or local IT nerd and get one set up. I’ve also written a manual about blog setup for tax pros, which you can find here.

So here’s what you do today:

  1. Create a new category on your blog. Call it something like “Payroll Tax Issues” or “941 Tax Debts”, and use “941” as the short/stub label.
  2. Head on over to Pub. 15 and pick a sub-topic, literally any major heading in the pub.
  3. Copy and paste the text from your chosen pub section into a new blog post.
  4. With your pasted text as a guide, rewrite the pub section into your own words and post it.

For example, if I jump straight to “Who are employees?”, the pub provides about 1,030 words of text about who is classified as an employee. Condensing that into a rewritten 400-500 word blog post is within anybody’s capabilities, I think. And remember, it doesn’t need to be perfect.

Tomorrow, we will continue with some synchronous marketing tasks that require getting back on the telephone.… Continue reading

941 Marketing Challenge Day 3

Since today is a Saturday, I’m going to give you the easiest task you’ll ever see in a marketing challenge.

Continuing our theme from yesterday, we are going to shift from the local mom ‘n’ pop payroll providers, to the biggest payroll provider there is: ADP.

As shocking as this might seem, ADP does not do internal payroll tax resolution for their payroll clients. Instead, this is something they work with their accounting partners on. Surprised? I’m not. It’s a classic example of “do what you do best, and nothing else”.

Here’s your day three challenge task:

1). Find your local ADP office.
2). Call them and ask to be routed to a local sales rep that works with local accountants.
3). Leave a voicemail with your elevator pitch and an invite to lunch.

ADP field sales reps are tasked with “community relations”. They commonly sponsor small, local tax and accounting seminars and small trade shows put on by state societies and local chapters. You’ve probably seen them there, but never given any further thought to what they do or how you could work together. ADP is generally pretty good about letting their field offices do what they need to do to make a buck locally.

So meet with them locally, and become part of the partner program. Ask them for local leads, or about how they go about sponsoring local seminars (maybe yours?). Pass them leads.

Boom! Another referral source.… Continue reading

941 Marketing Challenge Day 2

At yesterday’s IRS-sponsored “Working Together” symposium in Seattle, the Tacoma Collections Group Manager presented material that was put together by Thomas Kramer, the IRS Collection Territory Manager for the area. In that presentation, two fascinating facts were presented that are relevant to our current line of thinking:

  • As of March 31, 2018, there were $60.3 billion in 941 balance dues, not including penalties and interest.
  • Year to date, 59% of cases that Revenue Officers resolve are business cases.

See why we’re doing this marketing challenge?

Today is pretty simple, and quite honestly should only take you 10-20 minutes, assuming you did yesterday’s exercise.

Here it is, nice and simple: Open up your telephone directory, and call FIVE (or as many as exist, if less than five) local, mom and pop payroll service providers.

Yes, payroll service providers. Small, local ones.

Look ’em up. Call them, say your elevator pitch, and tell them you’d like to discuss a referral relationship. They send you leads, you send them leads.

“Whoa, whoa, hang on a second, Jassen. If a business has a payroll provider, they don’t have a 941 problem!”

That’s what you’d think, right? Well, not so fast.

See, many small businesses with 941 debts did, at one point, have all their ducks in a row. Then, something happened. Maybe it was a loss of a big contract, a death in the family, a regulatory change, etc. All kinds of things happen that turn profitable businesses into clunkers overnight.

So, payroll service companies see this. Because one day, the total payroll + taxes debit doesn’t go through when the payroll service provider tries to run payroll. In fact, they are the first ones to see it. And maybe 1 in 200 of these kinds of payroll providers offers resolution services. So, this is your chance to build referral relationships with one type of non-competing service provider that you can help them, and they can help you.

Tomorrow, we’ll discuss how to take this little tactic to the next level. But for now, go call some small payroll providers, and get the conversation going, elevator pitch in hand.… Continue reading