What is Software Purchase Assistance (SPA)?
SPA is a loan program designed by your chosen banking partner to assist you with the purchase of your TaxSlayer Pro software. The loan is repaid from your tax preparation fees withheld by the bank from IRS or State funded Refund Transfers.
For details about the repayment aspect of the SPA, review the bank's SPA Agreement or contact the bank directly.
How Do I Apply for Software Purchase Assistance (SPA)?
The first step is to contact your TaxSlayer Pro sales manager and let them know you'd like to apply for SPA. They will enter the amount of your requested SPA into your account, and the bank will receive the request when you submit an ERO Enrollment Application from your TaxSlayer Pro Account Hub.
Does the bank charge a fee for SPA?
There may be a nominal fee to set up SPA, depending on the bank. Ask your sales rep or inquire with the bank.
How Will I be Notified that I am Approved for Software Purchase Assistance (SPA)?
The bank will notify you of their decision. f you're partnering with Refund Advantage or EPS Financial, you can also check the SPA approval status in your TaxSlayer Pro Account Hub.
On the Banking Information tile, the SPA Status will display beneath your selected bank:
If I am approved for SPA, can I apply with another bank to offer its products?
Yes, you can apply with another bank and, if approved, offer its products to your clients. Be aware that your fees earned on returns with another bank won't be applied to your SPA balance.
Can I apply for SPA with more than one bank?
Once you are approved for SPA with one bank, you cannot apply for additional SPA with another bank.
Note: Your chosen banking partner's criteria to determine eligibility to receive assistance may include, and isn't limited to, prior year history preparing bank product returns and exceeding your bank's funding requirement. For more information about acceptance criteria, please contact your bank directly.
Additional Information: