april2021 - 14

FEATURE
sales taxes were before it. Fortunately for
the businesses with more complex sales tax
needs, many systems now automate much
of the compliance and reporting processes,
including applying the correct sales tax rate,
filing and payments. Most voters in this
category (20.2%) said they use state tax
agency websites or use the sales tax functions built into accounting systems (34.6%).
However, among the votes for specific sales
tax software, the results were:
WINNER: CFS Tax Software (19.7%)
Runners Up:

* Avalara AvaTax, Avalara Returns for Small Business
(14.3%)
* eFileSalesTax.com (12%)
* TaxJar (9.8%)
* CCH Wolters Kluwer (SureTax/SalesTaxOffice/
SalesTaxSaaS/STRO) (8.6%)
* Sovos Tax Solutions (8.5%)
* Thomson Reuters ONESource Indirect Tax (5.5%)
* Vertex Inc. (3.8%)
* Bloomberg Tax Sales Tax Rates (3.2%)
* Other (14.6%)

SALES & USE TAX EXEMPTION
CERTIFICATE MANAGEMENT

Insight: The number one sales tax audit
risk (after non-compliance) is exemption
certificates. Businesses who occasionally
or routinely make sales to purchasers who
are exempted from sales taxes must maintain
a record of these exemption certificates.
Although most firms in our survey did not
express a preference or personal use with
these products, those who did voted as
follows:
WINNER: Thomson Reuters ONESOURCE
(35.7%)
Runners Up:
* Vertex Inc. Exemption Certificate Manager (25.9%)
* Avalara CertCapture (15%)
* Sovos Tax Solutions (9.5%)
* Other (13.9%)

ACCOUNTING WRITE-UP
SYSTEMS

AUDIT ENGAGEMENT TOOLS

Insight: The cloud has dramatically changed
write-up, but the basics are still the same:
ensuring a business' bookkeeping is accurate.
Since small businesses are frequently victims
of internal fraud (or bad bookkeeping), their
books still need periodic review and reconciliation by a professional.
WINNER: Intuit QuickBooks Accountant
(54.6%)
Runners Up:
* Drake Accounting (15%)
* Thomson Reuters Accounting CS (5.6%)
* PC Software Accounting Inc. (5.5%)
* Sage One (3.7%)
* Xero (2.3%)
* Client Accounting Suite (Wolters Kluwer) (2.2%)
* AccountantsWorld Accounting Power (2.1%)
* UBCC Real Time Accounting (1.1%)
* Visual Bookkeeper (1%)
* CYMA Systems (0.8%)
* Other (6.1%)

Insight: With the cloud and other remote
technologies, including helpful automation
tools, audit engagements no longer take
weeks or months to conduct.
WINNER: Wolters Kluwer CCH ProSystem fx Systems and ARM (18.5%)
Runners Up:
* Thomson Reuters Workpapers CS, AdvanceFlow or
Checkpoint (16.6%)
* AuditFile (9.6%)
* Confirmation.com (9%)
* CaseWare IDEA (8.9%)
* Capital Confirmation (5.7%)
* Suralink (5.4%)
* OnPoint PCR (4.8%)
* Rivio Clearinghouse (4.8%)
* Audit Dashboard Automated PBC (4.2%)
* Audit Confirmations (3.9%)
* Wiley Advantage Audit (3.5%)
* Teammate Analytics (2.4%)
* Other (2.7%)

Voted #1

TAX RESEARCH PRODUCT!
9 YEARS IN A ROW

Award-winning tax research solutions
for time-crunched tax professionals.
WebLibrary

READERS'

CHOICE
AWARDS 2021
WINNER

READERS'

CHOICE

TheTaxBook delivers real answers, real fast! Save time, guaranteed.
We compile the mountains of tax information, condense it for quick
comprehension, and present it in a fast-answer format.

Use the #1 tax research product on the market!
thetaxbook.com | 866-919-5277

2016

2015

2014

2013

AWARDS

AWARDS

AWARDS

AWARDS

READERS'
CHOICE

AWARDS 2021
WINNER

14

TheTaxBook

APRIL 2021 ■

www.CPAPracticeAdvisor.com

READERS'
CHOICE

READERS'
CHOICE

READERS'
CHOICE
http://www.Confirmation.com http://www.eFileSalesTax.com http://www.thetaxbook.com http://www.CPAPracticeAdvisor.com
april2021

Table of Contents for the Digital Edition of april2021
