"While the role tax preparers fulfill for their clients starts with the tax return, it grows into that of a professional, trusted advisor. To better reflect those multi-faceted relationships, we have changed the name of our product from 'TaxAct Preparer's Editions' to 'TaxAct Professional Editions,'" explained
Client lists and all associated data entered into Professional Editions before year end will be securely maintained and available when the software updates to the filing versions in early
Robust tools save tax professionals time in their work flow
New this year, TaxAct Professional's 1040 Client Organizers have been enhanced to help practitioners more efficiently collect the information they need from clients to begin preparing their tax returns. With updated questions that align with each section of a tax return, 2016 Client Organizers are available for Personal Information (including Affordable Care Act-related data); Income; Deductions; Credits; and Payments and Banking. Client Organizers are pre-populated with information from last year's imported returns. In addition, Organizers are now customizable based on the clients' actual tax situations, helping preparer's deliver even greater, personalized customer service.
Comprehensive in-product information helps tax practitioners complete returns more efficiently
At the request of many TaxAct Professional customers, Topics Assistant has been reinstated in the 2016 software. Topics Assistant, formerly known as Forms and Topics, enables tax professionals to quickly navigate between forms and areas of a client return and manage their workflow. Practitioners can use Topics Assistant to easily determine which parts of a return have already been completed and click to jump to the next section. They also have the option to simply enter criteria into the search bar to rapidly move to that section of the client's return.
Driving practice growth and uncovering additional sources of revenue
"Tax professionals are in a unique position to help clients optimize their tax outcome," Gettemy said. "Financial services and wealth management are a natural extension for preparers who want to work with clients year-round, grow their practice and tap into additional sources of revenue. That's why we have teamed up with our sister company, HD Vest, to provide our Professional customers who are also HD Vest analysts, an opportunity to deliver more holistic services to clients with the 1040 Analyst®."
A unique data mining tool, the 1040 Analyst allows tax professionals to seamlessly integrate their clients' tax data from the Form 1040. They can then provide a customized client report highlighting financial services opportunities that may help clients chart a new course for their financial future. Providing this value-added service allows the tax professional to deliver even more comprehensive services to their clients while also expanding their practice. Tightly integrated with the 2016 Professional Editions, the 1040 Analyst is currently available to
Value leader in professional software and e-filing
Staying true to their best-in-value philosophy, the 2016 Professional Federal Editions are available at the same prices as last year's products:
Preparers can elect to receive email and text notifications from
Federal Editions will be updated with any last-minute tax law changes and final
*All prices subject to change.
1 According to collective week end reports for taxact.com released by
TaxAct Public Relations
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