Whitepapers

Cryptocurrency is no longer a niche hobby for tech-savvy demographics. In a short span of time, it’s grown into a multi-trillion-dollar industry and shows no signs of slowing down. 1040 clients who report cryptocurrency assets will soon be a regular occurrence for firms of all sizes. Now is the time to prepare your firm with the right solutions.

The Secret Ingredient in Good AI is Data, Data, Data

SurePrep is the only vendor in the tax automation space with a data advantage. Our solutions run on a SaaS model and our own preparers use SurePrep software to prepare outsourced returns. This means we have over ten years of anonymized data from our own staff. Competitor software installs locally, which means all useful data is lost. To put it another way, SurePrep’s AI is about to earn its PhD, while others in the space are enrolling in undergrad. There is simply no substitute for data generated over time, and no way to close a ten-year gap.

Through a combination of client and staff-facing tools, we provide the infrastructure for a secure, streamlined, fully remote 1040 tax automation workflow that keeps everyone connected while staying physically apart.

— From Whitepaper

We have our staff 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

TaxCaddy made the process less stressful. It was easy to upload my documents and message my tax professional, and I was less stressed about tax time because I had started organizing documents earlier so everything was done.

— Allison Beito, a user of TaxCaddy

Some SurePrep clients use leadsheets only for their most complex returns, while others use leadsheets for all returns to enforce a standardized process. SurePrep’s experts help firms choose the approach that’s right for them.

— From Whitepaper

Being able to take pictures of my documents and automatically upload them into the correct category with the TaxCaddy iPhone app was a game changer! The whole process is so easy and makes tax prep a breeze.

— a User of TaxCaddy

Firms that utilize [SurePrep solutions] 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.

— From Whitepaper

When a client uploaded their documents and we could submit them to 1040SCANverify the next day and have a return that’s 80% done a day later, that’s a huge time savings over how we used to do things.

— Tony Marinucci, Marinucci & Associates, LLC.

As we conducted the interviews, we found that we needed to add the use of ‘outsourcing’ to the study because firms were not only automating their internal processes, but often actually outsourcing much of the preparation of a return.

— Donny C. Shimamoto, CGMA

If tax document automation only saves time at the preparer level, it will actually reduce leverage. Requiring staff to prepare well documented workpapers will reduce review time and increase leverage. But staff can only do that if given the right tools.

— From Whitepaper

It’s tempting to believe your firm can acquire a solution and the efficiencies will roll in. But successfully evolving the way your firm does business takes a managed approach.

— Raj Kapur, Center for Project Management