CPA Practice Advisor

FEB 2014

Today's Technology for Tomorrow's Firm.

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16 January/February 2014 • www.CPAPracticeAdvisor.com The role that technology plays in our eǀerLJĚaLJ ůŝǀeƐ ŚaƐ ŝŶĐreaƐeĚ ĚraŵaƟĐaůůLJ oǀer ƚŚe ůaƐƚ ĚeĐaĚe aŶĚ ƚŚŝƐ ƉƵďůŝĐaƟoŶ aŶĚ oƵr Readers Choice Awards have chronicled many of these changes. Froŵ ŝŶƚeŐraƚeĚ ƚax aŶĚ worŬŇow ŵaŶaŐe- ŵeŶƚ ƉroĐeƐƐeƐ ƚo ĚŝŐŝƚaů ĚoĐƵŵeŶƚaƟoŶ ĐůŝeŶƚ ĐoůůaďoraƟoŶ aŶĚ eǀeŶ oůĚer ƚerŵƐ ƐƵĐŚ aƐ ƚŚe ƉaƉerůeƐƐ oĸĐe• ƉroĨeƐƐŝoŶaůƐ ŵƵƐƚ ƐƚaLJ aware oĨ ƉoƚeŶƟaůůLJ ďeŶeĮĐŝaů ƚeĐŚŶoůoŐŝeƐ aŶĚ ďeƐƚ worŬŇow ƉraĐƟĐeƐ ŝŶ orĚer ƚo ƐƚaLJ ĐoŵƉeƟƟǀe ŝŶ ƚŚe ƚax aŶĚ ƉƵďůŝĐ aĐĐoƵŶƟŶŐ ƐƉaĐe Among notable changes in this year's Awards are ƚŚe ďroaĚ aĚoƉƟoŶ oĨ ĐůoƵĚ ƐerǀŝĐeƐ Ĩor virtually every aspect of client services and Įrŵ ŵaŶaŐeŵeŶƚ ĐoŶƟŶƵŝŶŐ ŐrowƚŚ ŝŶ ƚŚe ƵƐe oĨ ƚaďůeƚƐ aŶĚ ŶoŶ•ƚraĚŝƟoŶaů ŵoďŝůe ĚeǀŝĐeƐ aŶĚ eŶŚaŶĐeĚ worŬŇow ŵaŶaŐe- ŵeŶƚ ƐLJƐƚeŵƐ ƚŚaƚ ŚeůƉ ĮrŵƐ oƉeraƚe ŵore eĸĐŝeŶƚůLJ aŶĚ ƉroĚƵĐƟǀeůLJ The Awards are the results of the votes of our readers, allowing them to shine a spotlight on the products and services they use in their ĮrŵƐ wŚeƚŚer Ĩor ĚŝreĐƚ ĐůŝeŶƚ worŬ or Ĩor Įrŵ ŵaŶaŐeŵeŶƚ aƐ weůů aƐ Ɛoŵe oĨ ƚŚe personal and general technologies they use in their daily lives. We would like to say thank you to the more ƚŚaŶ ϰϬϬϬ ƚax aŶĚ aĐĐoƵŶƟŶŐ ƉroĨeƐƐŝoŶaůƐ who voted in this year's Awards. WHICH IN-FIRM TECHNOLOGIES DO YOU USE? 2014 READERS' CHOICE AWARDS CCH ProSystem fx Tax (CCH Axcess) – 33% raŬe Tax Sofware ʹ 13% Intuit Lacerte Tax – 12% CCH Small Firm Services TaxWise – 8% Thomson Reuters UltraTax CS – 7% Thomson Reuters GoSystem RS – 5% Thomson Reuters AgileTax – 4% Intuit ProSeries – 3.6% CCH Small Firm Services ATX – 3.5% RCS TaxSlayer Pro – 3% Other/NA – 7.9% FEDERAL/STATE INCOME TAX COMPLIANCE Avalara Avatax & TrustFile – Vertex Indirect Tax – CFS Tax Sofware – eFileSalesTax – Thomson Reuters ONESource – CCH ZIPSales Returns – Others Combined – SALES & USE TAX Thomson Reuters Engagement CS – CCH ProSystem fx Engagement – CaseWare Working Papers – Others – ENGAGEMENT MANAGEMENT Tax Planning Systems 1. Drake Tax Planner Ϯ CFS Tax Sofware ʹ TaxTooůƐ 3. Intuit Lacerte Tax Planner Estate Planning Systems 1. Thomson Reuters ONESOURCE 2. CCH ViewPlan Advanced ϯ ůooŵďerŐ E Ɛƚaƚe WůaŶŶer Θ 'ŝf Tax Planner Write-Up 1. PCSAI Client Write-Up 2. Drake Client Write-Up 3. Intuit QuickBooks Accountant Sales & Use Tax Exempton Certfcate Management ϭ ǀaůara ʹ ǀaTax CerƚƐ Ϯ TŚoŵƐoŶ ZeƵƚerƐ ʹ KESoƵrĐe xeŵƉƟoŶ CerƟĮĐaƚe DŐŵƚ ϯ serƚex /ŶĐ ʹ xeŵƉƟoŶ CerƟĮĐaƚe DaŶaŐer Audit/Engagement Tools ϭ TŚoŵƐoŶ ZeƵƚerƐ WWC SDZT ƵĚŝƚ SƵŝƚe 2. CCH Knowledge-Based Audit tools/ Knowledge Coach ϯ CaƉŝƚaů CoŶĮrŵaƟoŶ CoŶĮrŵaƟoŶĐoŵ Budgetng/Forecastng & Business Intelligence Tools ϭ SaŐetorŬƐ WroĮƚCeŶƚƐ 2. Thomson Reuters Financial Analysis CS ϯ CC, WroSLJƐƚeŵ Ĩx WroĮƚ rŝǀer Eew Zŝǀer /ŶŶoǀaƟoŶ Beyond 415 – 41% SurePrep 1040SCAN – 29.5% Bloomberg BNA 709 and 706 Preparer – 12% DynaTax – 7.5% Others – 10% SPECIALTY SYSTEMS & TAX PREP TOOLS Tax Materials Inc – TheTaxBook – Thomson Reuters Checkpoint & QuickFinder – CCH IntelliConnect, TRN & ARM – Intuit Tax Research & TaxAlmanac – PPC Federal Tax Compliance – CFS Tax Research – Bloomberg BNA FŝŶaŶĐŝaů ĐĐoƵŶƟŶŐ ZeƐoƵrĐe Cƚr ʹ Others – TAX & ACCOUNTING RESEARCH SYSTEMS Thomson Reuters Trial Balance CS – CCH ProSystem fx Trial Balance – CCH Small Firm Service ATX & TaxWise – Others – TRIAL BALANCE sŝrƚƵaů Sofware Ĩroŵ SƉrŝŶŐŚeaĚ ʹ TeŶrox TŝŵeƐŚeeƚ ʹ KŶY Sofware ʹ CC, xĐeƐƐ ʹ ŝůůYƵŝĐŬ ʹ >exŝƐEexŝƐ ʹ 3.5% TŚoŵƐoŶ ZeƵƚerƐ WraĐƟĐe CS ʹ KƚŚerƐ ʹ PRACTICE MANAGEMENT cpa_16-19_ReadersChoice.indd 16 2/5/14 11:44 AM

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