A Statistical Analysis of Firms Who Leverage Technology to Increase 1040 Tax Prep Profitability

Preparing supplemental pages for complex K-1s is error-prone and time-consuming because it requires staff to create Excel schedules to show the reclassifications. 1040SCAN is the first scan and populate system to read K-1 supplemental pages to automate not only tax return data entry but K-1 reconciliation workpaper preparation.

In this 30-minute webinar, learn how 1040SCAN’s latest Schedule K-1 features allow you to ensure accuracy and save time by:

• Extracting data from supplemental K-1 pages
• Reclassifying K-1 data to the appropriate income and expense categories
• Exporting the data to your tax software
• Automatically updating the K-1 information to match the K-1
• Cross-referencing the K-1 data to save reviewer time
  SurePrep’s latest K-1 features will revolutionize how preparers manage K-1 data, save preparation time, and increase efficiencies for the reviewers.

The K-1 features highlighted in this session are currently available for CCH Axcess Tax, CCH ProSystem fx Tax, and GoSystem Tax Rs. The K-1 features are coming soon for Lacerte and UltraTax.

Solutions in Focus: 1040SCAN, SPbinder

– SurePrep’s solutions are integrated with CCH Axcess Tax, CCH Global fx, CCH ProSystem fx Tax, GoSystem Tax RS, Lacerte, UltraTax.