Whitepapers

E-Book: Why is Digital 1040 Transformation Important for Your Firm and Clients?

What if you could easily save up to 50-75% of reviewer time with a bespoke tax workpaper system and industry-leading scan and populate technology, automate data entry for 2/3 of source documents with 100% accuracy without human verification, and transform the tax season experience for your clients like they’ve never thought possible? You can. The question is—what’s stopping you?

Download the E-book to learn how other firms have successfully transformed their tax preparation process with SurePrep’s solutions.

  • Learn how SurePrep’s solutions reduce administrative costs, automate workpaper preparation, maximize reviewer efficiency, and improve the client tax experience.
  • Calculate the increased profitability your firm could harvest this tax season! Leverage = Profitability. Calculate Your Results!
  • Discover the power of exceptional implementation and support teams working with each firm

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder 

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Reduce Costs and Optimize Productivity with a Combination of Software and Service [with ROI Calculator]

For some firms, the time and staffing commitment involved in OCR verification can put a significant strain on resources, and not all firms are interested in a full preparation Outsource service. SurePrep’s 1040SCANverify is a more affordable middle ground between full preparation outsource and traditional scan and populate. This software and service hybrid outsources only the human OCR verification, while still allowing your in-house staff to work on the more complex areas of the return. With 1040SCANverify and 1040SCAnverify+ you can get 80% of the work done for 20% of the cost of full preparation outsource. That’s why 1040SCANverify has become the fastest-growing and most popular SurePrep offering.

In this whitepaper, we’ll take a detailed look at 1040SCANverify’s features, explore the benefits of using SurePrep’s OCR verification service, and present two case studies from satisfied and successful clients. As an additional tool to help you evaluate the potential return on your 1040SCANverify investment, we’ve included an ROI Calculator.

Solutions in Focus: 1040SCANverify, Outsource

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Planning the Implementation of Mobile 1040 Tax Technology

Forward-thinking tax professionals are constantly searching for ways to improve their internal processes and enhance the client experience. Today’s mobile 1040 tax technology provides an opportunity to accomplish both. In this whitepaper, we’ll examine how the hotel, restaurant, and banking industries adopted mobile technology to remain competitive and provide clients with more convenient services. We’ll also show you how your firm can transform the 1040 tax client experience and eliminate inefficiencies in your current process with our award-winning mobile tax technology solution, TaxCaddy.

Solutions in Focus: TaxCaddy

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Maximize Review Efficiency with SPbinder’s Workpaper Leadsheets

Tax workpaper software like SPbinder wasn’t always around. Before CPA firms transitioned to the “paperless office,” preparers used workpaper leadsheets to tie amounts on 1040 tax returns to their related source documents. But even though leadsheets were convenient for reviewers, some firms were hesitant to use them because they required extra time on the preparer end. SPbinder is the first and only tax workpaper software that fully transitions leadsheets into the digital age. That’s because SPbinder is a bespoke workpaper system designed specifically with tax professionals in mind. It allows users to track changes and cross-reference all file types, including PDFs, Excel spreadsheets, Word documents, and E-Mails—all the common formats for tax workpapers. This functionality not only makes leadsheets relevant again, but invaluable.

Solutions in Focus: SPbinder

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Your 1040 Clients Want Mobile Options. Are You Delivering?

Today, taxpayers expect convenient, mobile options from their CPA like they do from other financial service providers like banks and brokerages. Rather than snail-mailing a stack of documents or going through the time-consuming scanning process, it’s becoming increasingly common for taxpayers to email photos of source documents. They do this because it’s easy. Clients will prioritize their own convenience over what’s best for their CPA nearly every time. Unfortunately, this causes a number of issues for tax professionals. That’s why SurePrep has developed a solution to simplify tax time for you and your clients.

Solutions in Focus: TaxCaddy

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5 Key Components of a Successful Scan and Populate Process

Today, firms can achieve an end-to-end digital tax return workflow by focusing on the 5 key components of a successful scan and populate process. Firms that utilize these components benefit at each phase of the tax return process. Administrative costs are reduced. Workpaper preparation is automated. Review efficiency is maximized. And client service is improved.

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

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Keys to Success for Tax Automation and Outsourcing

By Donny C. Shimamoto, CPA.CITP, CGMA

Tax season seems to be getting worse every year. Last minute changes to the tax code, delayed tax software updates, workload compression and a shortage of experienced tax professionals continue to exacerbate what is already a grueling season for many accounting firms. Yet some firms have been showing strong growth and even increased work-life balance. To understand how these firms were bucking the general trends, we interviewed a variety of them to see if we could identify the secret to their success. The primary answers we found: increased tax automation and outsourcing.

Solution in Focus: Change Management, Outsource, 1040SCAN

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The 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.

Solutions in Focus: SPbinder

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Key Do’s & Don’ts of an Automated 1040 Tax Practice

This whitepaper examines the five key elements of the ultimate automated tax workflow. Review what to do and what not to do within each section for guidance in developing a fool-proof paperless tax process. Elements include proper scanning hardware, the scanning process, multiple monitors, the importance of planning & training, and workpaper & workflow flexibility.

Solutions in Focus: 1040SCAN, SPbinder

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The Flexibility of Paper in a Paperless Environment

Over the last decade, the accounting profession has undergone a slow and steady evolution to the paperless office—a transition that began in the area of audit. As audit professionals started to reap the rewards of more efficient, paperless workpapers, tax practitioners took note and soon followed suit—putting the tax department at the center of the paperless movement. In the last few years, the advancement of OCR (Optical Character Recognition) technology and improved scanning processes have allowed firms to transition to a far more efficient and time-saving digital tax process.

Solutions in Focus: SPbinder

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Managing The Change To Automated Tax Workpapers

The benefits of paperless tax preparation are clear: Automating the organization and entry of client tax documents is far more efficient than working by hand. Going paperless saves time and money, and allows administrators or junior staff members to do high-value activities that used to require experienced tax preparers. This white paper outlines a five-phase change management methodology and implementation tool kit by which your firm can plan, implement, and sustain the transition to a paperless tax workflow.

Solutions in Focus: Change Management

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