CPA Practice Advisor - 9

FROM THE TRENCHES
fashion? What tax services have you
been asked to provide that require
additional capability? Are the needs
of your clients becoming more complex requiring better tools, or are
the needs becoming simpler so that
a less capable product is enough?
Named below are products in several
categories.

TAX PREPARATION SOFTWARE
■ GoSystem RS Tax
■ CCH ProSystem fx Tax
■ CCH Axcess Tax
■ UltraTax
■ Lacerte
■ ProSeries
■ Drake
■ Canopy Tax

PORTALS
■ Thomson Reuters NetClient CS and
NetClient CS Mobile App
■ CCH Axcess Portal
■ CyberCabinet - AccountantsWorld.
com
■ Microsoft OneDrive for Business
■ ShareFile for Accountants
■ SmartVault
■ LeapFILE
■ Secure Drawer - eFileCabinet
■ Thomson Reuters GoFileRoom
Portal

E-SIGNATURE
■ CCH eSign
■ Doc-It
■ DocuSign
■ Echosign
■ Right Signature
■ SignatureFlow
■ Thomson

■ Doc.It
■ OfficeTools
■ Vohcom
■ Clarity Practice Management

1040 WORKPAPER SOFTWARE
■ CCH Scan with Autoflow
■ Copanion GruntWorx
■ Doc.It
■ SurePrep
■ Thomson TaxSort

TAX DOCUMENT GATHERING
■ 1Tap Receipts/ Receipt Bank
Personal for Schedule C clients
■ Receipt Bank Extract, Receipt Bank
Fetch
■ Sage Auto-Entry is a solution which
is designed to extract transactional
data from invoices, bank statements, and credit card statements
■ Audit Dashboard
■ Suralink
■ CCH My1040Data
■ PBC options exist in many DMS
systems (Doc-It, iChannel) as well
as practice management systems -
around fifteen options in all

■ Sovos
■ TaxWare
■ VerTex
While you certainly should have
a strategy in place before expanding
into other offerings, you can see that
tax software is available for a wide
variety of business use cases. Further,
we did not explore other needs like
ex-pat, local property tax, excise tax,
and more that may be a part of your
existing practice.

ARE THERE DOWNSIDES
AND UPSIDES TO
CHANGING YOUR TAX
SERVICE?
Absolutely! Clearly there are
compliance risks and deadlines
that must be met. You can't do a
tax service for a few clients and be

successful. On the other hand, if you
are performing a service for ten or
more clients, then automating that
process could allow you to handle
more volume with greater accuracy
and profitability.
Tax provides a good recurring
revenue stream that can extend
throughout the year. While in earlier
times we might have completed most
work between late January and April
15, many firms are struggling to meet
the September and October deadlines.
When that work is complete, it is
time to start another tax planning
cycle and complete another year of
tax work. Tools listed in this article
can save you time and money while
providing superior results for your
clients. ■

ROBOTIC PROCESS
AUTOMATION (RPA)
■ Automation Anywhere
■ Blue Prism
■ UiPath
■ Foxtrot
■ Gappify
■ Kofax RPA
■ Pegasystems
■ AntWorks
■ Appian
■ Bonitasoft
■ IBM Digital Business Automation

WORKFLOW

RESEARCH

■ XCM Workflow
■ CCH Axcess Workstream
■ Thomson Reuters FirmFlow
■ Pascal Workflow
■ Jetpack Workflow
■ Aero Workflow
■ Liscio
■ Inside products
■ WK CCH iFirm

■ Bloomberg BNA
■ CCH KnowledgeConnect
■ Thomson Reuters CheckPoint
Catalyst (replacing RIA) and Edge

SALES AND USE TAX SOFTWARE
■ AvaTax
■ CCH SureTax - Wolters Kluwer
■ Sabrix - Thomson Reuters

NOVEMBER 2019 ■

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