6 Fundamentals of paperless tax workpapers

6 fundamentals of paperless tax workpapers

Recently, we polled a group of tax professionals and 78% said that their 1040 review process was inefficient. Why? Because in today’s “paperless” world, most preparers lack the tools to prepare well documented workpapers so review efficiency suffers. In the paper-based world, tax professionals were taught to use standard workpaper documentation techniques like standardized indexes, tickmarks, annotations, cross referencing, etc. Those techniques minimized review time and maximized leverage but they have largely been lost in the move to “paperless”. By using software tailor-made for the efficient preparation and review of workpapers, firms can not only regain the leverage of their paper-based processes, but surpass it.

Access Whitepaper

First Name
*

Last Name
*

Business Email
*

Job Role
*

Company
*

Zip or Postal Code
*

Organization Type
*

What solution are you interested in? Check all that apply.
*

1040SCAN

TaxCaddy

SPbinder

Outsource

Tax Preparation Software
*

Check here to receive emails about Thomson Reuters products or services that may interest you.

Interactive Demonstration

6 fundamentals of paperless tax workpapers

Access Whitepaper