Webinars

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.

The very recognition that a brand-new product had to be created to compete with TaxCaddy validates why we built this product in the first place.

“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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

TaxCaddy was very easy to use and a great improvement over having to scan documents into a PDF and then upload into a client portal. The ability to take a photo and submit it immediately was especially useful. Saved me a lot of time.

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.