Webinars

Alleviating staffing concerns by leveraging automation with outsourcing

Solutions in Focus: 1040SCANverify

The tight labor market is negatively impacting firms nationwide. In response, many firms are leveraging 1040 automation to reduce or eliminate data entry into tax software.

Accounting degree completions at the Associate's and Bachelor's levels have been in steady decline for 10+ years.

AICPA 2021 Trends Report

CPE credit is available for live CPAacademy sessions only.

The end-to-end digital 1040 tax return – A demonstration

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

In this session, we demonstrate a completely digital, end-to-end 1040 tax return solution that lowers costs, increases efficiency and improves the client experience. This includes requesting and receiving digital documents and e-signatures from clients, scanning digital documents through Optical Character Recognition to eliminate data entry, preparing and reviewing digital workpapers, delivering tax returns electronically, and facilitating invoicing and payment.

The process starts and ends with the taxpayer and automates everything in between.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.

Automation and public accounting: How tax preparation is evolving through artificial intelligence

Solutions in Focus: 1040SCAN, SPbinder, TaxCaddy

Artificial intelligence (AI) is transforming the tax and accounting industry at a rapid pace. This emerging technology reduces or eliminates the redundant, manual, transactional work required to prepare 1040 tax returns.

CPE credit is available for live CPAacademy sessions only.

5 talent trends in tax & accounting

Solutions in Focus: Change Management

The so-called “Great Resignation” has complicated an already tight labor market in the tax and accounting industry. Changes in the way people view work have caused a shift in priorities so today’s forward-thinking firms must re-imagine the workplace to attract talent and stay competitive.

CPE credit is available for live CPAacademy sessions only.

Tax season report card: How did your firm score this tax season?

In this webcast, we’ll reflect on your firm’s performance in 4 categories: Talent, Growth, Client Service, and Efficiency. Together, we’ll recognize common pitfalls, nuances, and pain points for your firm, so we can begin the process of a stronger, more successful next tax season.

How many clients were a breeze, as opposed to the ones that make you scream into a pillow?

Thomson Reuters

CPE credit is available for live CPAacademy sessions only.

Nuts & bolts of cryptocurrency taxes

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

More than 46 million Americans now own Bitcoin. However, only a few tax professionals understand how to help individuals and businesses dealing with cryptocurrency. This session walks you through the tax implications of common cryptocurrency-related transactions and how to successfully service clients affiliated with cryptocurrency using smart tools like CoinTracker and SurePrep.

This subject [cryptocurrency] has gone mainstream over the last several years, and it has made this a subject that every tax practitioner needs to know going into the next tax season.

Shehan Chandrasekera, CPA, Head of Tax Strategy at CoinTracker

CPE credit is available for live CPAacademy sessions only.

The future of tax prep: How AI will transform public accounting

Solutions in Focus: 1040SCAN, SPbinder

This accounting webinar examines how Artificial Intelligence and Machine Learning will transform the tax and accounting industry. These emerging technologies will increase the value of the services you provide to your clients by reducing or eliminating the redundant, manual, transactional work required to prepare tax returns.

“It’s SurePrep’s mission to automate tax preparation while maintaining human-level accuracy via machine vision, text-processing, and image/text similarity algorithms built on top of our proprietary platform of extensive human-curated tax data.

Alex Sadovsky, SurePrep

CPE credit is available for live CPAacademy sessions only.

Adopt 1040 client-centric habits and workflows

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

If your 1040 clients are emailing photographs of their source documents, they’re sending you a signal. The paper organizer is no longer suitable for document gathering. Today, most clients expect the same mobile convenience they receive from other financial service providers. In this accounting webinar, we discuss how Net Promoter Score and Customer Satisfaction surveys ensure happy clients. Improve retention this tax year and well into the future.

According to a recent Salesforce study, 76% of consumers think companies should understand their expectations and needs. But how can you do that if you’re not asking what those needs are and how they think you’re doing in satisfying those needs?

Greg Pope, SurePrep

CPE credit is available for live CPAacademy sessions only.

Best practices in crypto tax reporting and 1040 workflow automation

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

Virtual currency—that is, crypto tax reporting—continues to be a top enforcement priority for the IRS. The virtual currency question is moving to page 1 of Form 1040 this tax season. An estimated 12 to 21 million taxpayers will need guidance on their crypto activity. Firms that prepare for the cryptocurrency wave will gain the most significant share of these high-value clients. This accounting webinar looks at the challenges crypto tax reporting poses for professionals. You’ll learn best practices as we demo an end-to-end crypto workflow that you can implement today. You don’t need to be a crypto expert to maintain efficiency, minimize risk, and improve the client experience. We’ll even show you how to automate data entry into tax software.

You and your clients can use the system simultaneously to review transactions or discuss year-end planning strategies. You can help them directly on their behalf as a value added service.

John Wandrisco, Verady

CPE credit is available for live CPAacademy sessions only.

Work from home, reduce workload compression, and improve client experiences with a completely digital 1040 workflow

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

Streamlined digital processes are more important today than ever before. A tax workflow that allows the entire team to work from home—including administrative staff!—is not just a “nice-to-have.” It’s a requirement in the post-COVID-19 world. In this session, we look at the top three issues firms face in this new environment. David Wyle, SurePrep CEO, discusses how to address them with a completely digital 1040 workflow.

Being able to create remote work situations for professional staff has been an ongoing trend, but it hasn’t been considered essential until now...And most firms hadn’t even considered how to let their admin staff work from home.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.

Digital transformation reduces friction and delivers a modern 1040 client experience

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder

Robotic Process Automation, mobile apps, dashboards, and next-generation scan-and-populate technologies are reducing friction and streamlining workflows at unprecedented rates. In this session, you’ll learn how these technologies enable firms to work remotely, receive source documents the day they’re issued, eliminate data entry, increase profitability, and delight 1040 clients.

Going paperless concentrates solely on reducing paper and the benefits that come with that. Digital transformation also reduces paper, but its ultimate goal is rather to reduce friction. It embraces more technologies in order to digitize more processes.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.

A statistical analysis of firms that increase 1040 tax prep profitability

Solutions in Focus: TaxCaddy, 1040SCAN, SPbinder, Outsource

In today’s recessionary environment, margin optimization is a top priority for leading CPA firms. They turn to newly patented scan-and-populate technology, which delivers meaningful savings to the bottom line. In this session, we review statistical data to prove that technology-driven firms are reducing costs and increasing margins. How? With automation, Auto-Verification, and outsourcing options.

On average, firms using SurePrep saw verification time and cost drop by about 15% thanks to Auto-Verification. We think that number will keep increasing as firms get better and better at receiving native PDFs.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.

Simplify K-1 prep and review with 1040SCAN’s supplemental page data extraction

Solutions in Focus: SPbinder, 1040SCAN

Preparing supplemental pages for complex K-1s is error-prone and time-consuming. Your staff probably spend hours creating Excel schedules to show the reclassifications. It doesn’t have to be this way! In this webinar, we unveil a major technological leap for K-1 preparation. You know 1040SCAN as the first scan-and-populate system to read K-1s and automate data entry into tax software. We’re pleased to announce that 1040SCAN now reads K-1 supplemental pages and automates K-1 reconciliation workpaper preparation!

By capturing K-1 supplemental data with 1040SCAN’s OCR, using the K-1 reclass feature in SPbinder, and finally exporting to your tax software, you can ensure that you’re always in one program and always keeping your documents in one place, enhancing your review.

Alok Birla, SurePrep

CPE credit is available for live CPAacademy sessions only.

Outsource to grow your firm and reduce tax season workload compression

Solutions in Focus: Outsource, 1040SCAN, 1040SCANverify

New research by the AICPA found that “finding qualified staff” was the No. 1 issue for every firm size category except sole practitioners. If your firm is like most, you struggle with staffing issues and damaged morale during the long, grueling hours of tax season. Thankfully, SurePrep can help.

The number one issue reported by multiple studies is finding qualified staff, and then retaining them. There aren’t enough people coming into the market to compensate for the peak season compression.

Octavian Tomos, SurePrep

CPE credit is available for live CPAacademy sessions only.

5 key components of a successful scan-and-populate process

Solutions in Focus: TaxCaddy, SPbinder, 1040SCAN

This session covers the 5 most important components of a successful and productive scan-and-populate process: 1) An integrated, mobile platform to request and receive documents, questionnaires, and e-signatures, 2) Comprehensive source document coverage that reduces data entry, 3) patented technology that reduces human verification requirements (and optional outsourcing service), 4) a bespoke tax workpaper system to minimize review time, and 5) seamless tax return delivery and invoicing to improve client service.

We’re going to talk about these 5 key components through the life cycle of an individual tax return process. Starting with gathering documents, then preparing workpapers, reviewing the return, and then delivering the return.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.

Why does 1040SCANverify popularity continue to trend up?

Solutions in Focus: 1040SCAN, 1040SCANverify

In this 30-minute accounting webinar, we discuss what makes 1040SCANverify the most productive scan–and-populate solution in the tax industry. We speak with two SurePrep customers to clarify what 1040SCANverify is, why it’s unique, and what common issues it addresses. We conclude with a discussion on the easy implementation process.

We have our staff [do the preliminary] review, which makes the final review for the manager and partner much easier and faster. We don’t have to go back and verify every single aspect of the return. We can concentrate on the big picture.

Ray Abramson, Abramson & Co., LLC

CPE credit is available for live CPAacademy sessions only.

Award-winning innovations in 1040 technology

Solutions in Focus: TaxCaddy

CPA firms and clients are both growing tired of the paper organizer, but most online organizers and digital portals aren’t client-friendly. View this recording to learn how today’s proactive firms are using the integrated combination of TaxCaddy and SafeSend Returns to streamline the gathering and delivery of 1040 documents in a format that clients will adopt.

The reason why [other] solutions haven’t caught on is because they’re focused on the needs of the accounting firm, not the taxpayer. In order to solve this problem, the taxpayer needs to see this product as something built for them that actually makes their life easier.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.

1040 scan (verify) and populate

Solutions in Focus: 1040SCAN

Although the official term is scan-and-populate, a more accurate term would be scan, verify and populate. After all, it’s a best practice to verify the accuracy of OCR’d source document data before it gets exported to tax software. In this session, we discuss several efficient methods to verify OCR data including hiring interns, leveraging your admins, and outsourcing to a third party.

By removing verification from your workload, you can reduce up to 75% of the time spent preparing the return. Once the admin scans and uploads, the preparer just needs to export to the tax software, review the return, and enter non-standard data.

David Wyle, SurePrep

CPE credit is available for live CPAacademy sessions only.