april2022 - 12

READERS'
CHOICE
By Isaac M. O'Bannon, Managing Editor
AWARDS 2022
AS THE PANDEMIC has receded, most accounting firms
have emerged to a more digitally-focused practice, with
workflow models less reliant on in-person client visits. As
such, technology has taken on an even greater importance
for successful practices, enabling remote engagements as
well as a more remote firm staff model. Accompanying this
tech evolution for firms has been a corresponding evolution
in the business models of their clients, where professionals
have helped small businesses embrace technologies that
help them be more streamlined and remote-capable.
FEDERAL/STATE INCOME TAX
PREPARATION
Insight: This is always the most
voted-on category each year, since
nearly all respondents report using
a professional tax system. Drake
Software continues to inspire the
users of its tax prep, planning and
management system to turn out in
high numbers to vote, resulting in
another win this year, and showing
the loyalty these professionals have
for this company's software.
28%
■ WINNER: DRAKE TAX SOFTWARE (28%)
■ INTUIT LACERTE, PROSERIES OR
PROCONNECT TAXONLINE (21%)
■ WOLTERS KLUWER: CCH AXCESS TAX,
CCH PROSYSTEM FX TAX, ATX OR TAXWISE
(16.5%)
■ MYTAXPREP OFFICE (11.6%)
■ THOMSON REUTERS ULTRATAX OR
GOSYSTEM RS (9.8%)
■ TAXACT PREPARERS'
EDITIONS (3.4%)
21%
16.5%
■ RCS TAXSLAYER PRO (3%)
■ OTHER (6.7%)
11.6%
9.8%
3.4% 3%
6.7%
TAX PLANNING SYSTEMS
Insight: Even basic tax planning can
make a big difference in reducing
future tax liability. And since major
Now in their 18th year, CPA Practice
Advisor Readers' Choice Awards
are a way for our readers to spotlight
the technologies they most rely on
and trust to run their firms, provide
client services, and help those clients
run their businesses. From online
tax and accounting systems, remote
engagement, practice management,
document automation and workflow
tools, to apps for collaboration,
mobile productivity and research.
And even with the increase in remote
IN-FIRM TECHNOLOGIES
tax law changes are now an annual
occurrence, tax planning is a challenge,
which makes having a good
tax planning system critical.
WINNER: DRAKE TAX PLANNER (27%)
RUNNERS UP:
* Intuit Lacerte Tax Planner (19%)
* Thomson Reuters Checkpoint or
Planner CS (10.9%)
* Wolters Kluwer CCH ProSystem fx
Planning (7.9%)
* Corvee Tax (5.6%)
* Bloomberg Tax Income Tax
Planner (5%)
* Other (24.6%)
SPECIALTY SYSTEMS &
TAX PREP TOOLS
Insight: Even the most comprehensive
tax prep system may not quite have
everything you need for uncommon
returns or your firm's workflow process.
We call these tools that fill in the
gaps or help amp your firm productivity,
" specialty systems. " Voters were
allowed to select more than one, so
totals exceed 100%.
WINNER: QUICKBOOKS SELF-EMPLOYED
(24.6%)
RUNNERS UP:
* CCH Axcess (Wolters Kluwer) (23.2%)
* GruntWorx (15.5%)
* SurePrep 1040SCAN & TaxCaddy
(14.6%)
* Canopy Tax Resolution
12 APRIL 2022 ■ www.CPAPracticeAdvisor.com
Services (7.6%)
* Thomson Reuters UltraTax CS
Source Doc Processing (7.4%)
* Taxfyle (5.2%)
* Bloomberg Tax 709 & 706
Preparer (4.1%)
* Sageworks E-Tax Return
Reader (2.4%)
* DynaTax (2.1%)
* Other (15)%
TAX & ACCOUNTING RESEARCH
SYSTEMS
Insight: Tax research is also critical
to a successful tax practice. Even
the most seasoned pro can't know
everything, but the key is in having
the knowledge of where to look, and
the tools to find that information.
A comprehensive research system
should include primary source material
such as the federal tax code and
state tax laws, as well as tax court
rulings and expert analysis of these
materials. Some of the available tax
research systems integrate with tax
preparation programs, while others
are used separately and can be used
alongside any system. Voters were
allowed to select more than one, so
totals exceed 100%.
WINNER: THETAXBOOK - TAX
MATERIALS INC. (52.7%)
RUNNERS UP:
* Thomson Reuters Checkpoint
(RIA) (10%)
* QuickFinder Tax Handbooks (9.3%)
* CCH IntelliConnect or CCH Accounting
Research Manager (Wolters
Kluwer) (7.4%)
* Intuit Tax Research & TaxAlmanac.org
(7.1%)
* Parker Tax Pro Library (5.8%)
* TaxSpeaker (5.5%)
* Bloomberg Tax Financial (3.9%)
* Tax Talk Today (3.5%)
* Other (18%)
TAX DOCUMENT AUTOMATION
Insight: Do more with less, by automating
some of the data entry. When
the source documents are scanned,
the systems identify the data and
automatically populate client returns
with it. Many of these systems also
prepare digital workpapers.
WINNER: INTUIT TAX IMPORT FOR
LACERTE & PROSERIES (23.8%)
* GruntWorx Populate (16.4%)
* SurePrep 1040Scan Pro, 1040Scan
Organize (13%)
* Wolters Kluwer CCH iFirm or
ProSystem fx Scan (9.4%)
* cPaperless SafeSend Returns (7.8%)
* Thomson Reuters Source Document
Processing & Workpapers CS (7.8%)
* Canopy Tax (6.6%)
* Corvee (4.7%)
* Other (10.5%)
workflow models, office hardware
remains an integral component for
successful practices.
The Readers' Choice awards
give professionals the chance to see
which technologies and workflow
systems their peers are using, and
that can help them build more
efficient and profitable workflows
for their own practice. We thank the
more than 5,000 professionals who
participated in voting this year. And
now, the results are in:
18TH ANNUAL
http://www.TaxAlmanac.org http://www.TaxAlmanac.org http://www.CPAPracticeAdvisor.com
april2022

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