CPA Practice Advisor

AUG 2018

Today's Technology for Tomorrow's Firm.

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PROFESSIONAL TAX PREP SYSTEMS: REVIEW TaxAct Professional Edition TaxAct Professional Edition is well suited for small to mid-sized firms and tax preparers that handle a high number of 1040 forms. Previously geared towards individuals, TaxAct Professional now offers a variety of options for both 1040 and business form preparation and filing. TaxAct is also available for individuals looking to prepare their own taxes. TaxAct Professional is available via several bundles: the 1040 Bundle, which is $600 per year for one user; the 1040 Enterprise Bundle, which is $675 for unlimited users; the Complete Bundle for $1,125 for one user, which offers business returns as well as 1040 form processing; and the Complete Enterprise Bundle, for any number of users for $1,450 per year. All TaxAct Bundles offer unlimited e-filing capability, and the Enterprise editions of TaxAct Professional include cloud storage options, data backup, and document manager functionality. The Client Xchange module is also available at an additional cost. Pay-per-return versions are available for lower volume users. Read the full review for this product online at: 12423366 4.5 2018 OVERALL RATING TaxSlayer Pro Tax Slayer Pro has been offering tax preparation software to accounting professionals for over 20 years. Best suited for small to mid-sized firms that prepare a fairly high number of returns, the product is available in three editions: Classic, Premium, and Web. All three editions offer 1040 preparation and filing, but business filing is only available on the Classic and Premium editions, not on the relatively new Web edition. The Classic version of Tax Slayer Pro is $1,095 per year and includes both individual and business tax returns and unlimited e-filing for any number of users. The Premium and Web versions both run $1,395, with the mobile app included, although the Web edition does not offer business tax preparation or filing capability. Read the full review for this product online at: 12423365 4.5 2018 OVERALL RATING TaxWise - Wolters Kluwer Tax & Accounting TaxWise from Wolters Kluwer Tax & Accounting is best suited for small to mid-sized firms. TaxWise is scalable, with a version available for firms that process a limited number of returns as well as for those processing numerous individual and business returns for clients. TaxWise is available in both English and Spanish. TaxWise is available in three editions; TaxWise Pay-Per-Return, which is $569 plus per-return fees; TaxWise ProFiling, which focuses on federal and state returns and runs $1129; and TaxWise Power, which handles both individual and business returns and is available for $2,579. Read the full review for this product online at: 12423525 4.75 2018 OVERALL RATING ADVANCED WORKFLOW SYSTEMS CPA Practice Advisor Presents STRATEGIC growth FOR ACCOUNTING FIRMS! Live Streaming Event from Dallas, TX December 6 save the date! Ensuring Success 2018 is public accounting's premier annual live streaming event! • A major national conference featuring the accounting profession's most sought-after speakers and thought leaders • Attendees watch from their computers – no travel /hotel costs • Up to 10 hours of CPE is offered at NO COST to attendees 2018 Speakers: (additional speakers to be added) Jim Boomer Jim Bourke David Cieslak John Higgins Marty McCutchen Jackie Meyer Byron Patrick Carl Peterson Geni Whitehouse Sandra Wiley Jean Caragher Gail Perry

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