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SurePrep — DreamWorkpapers


From the April/May 2008 Review
of Tax Compliance Suites

As professional tax practices have moved toward paperless workflow processes,
many have faced the challenge of retaining and managing their client workpapers
in this new, digital environment. While some have resorted to workarounds that
actually result in more work and data entry, an increasing number are finding
SurePrep’s DreamWorkpapers. With a centralized digital folder of all client
documents and forms, DreamWorkpapers gives tax professionals a fully cross-referenced
and indexed set of workpapers that speed the process of drilling down to source
documents from leadsheets when reconciling return data, thereby streamlining
the review process.

DreamWorkpapers is available to professional firms using SurePrep’s preparation
assistance services that enable firms to dramatically reduce preparation time,
take on more clients, reduce time spent in the office, provide better client
service and spend more time growing their practice without searching for hard-to-find
experienced staff. SurePrep’s staff of tax professionals handles the data
entry for the returns the firm wants them to handle, then provides the firm
with the DreamWorkpapers, which are essentially electronic binders that include
all associated returns and documents, fully bookmarked and cross-linked for
review. The services are provided in either a full outsource method, which includes
total return preparation and provides the full DreamWorkpapers, or in a basic
version, through which SurePrep’s professionals manage only about 70 percent
of the return preparation process, including entry of data from all common source

The data from DreamWorkpapers is easily transferred into the firm’s professional
tax software, and information can be automatically imported into Lacerte, GoSystem
and ProSystem fx Tax. By reducing less-profitable administrative tasks associated
with reviews, like document gathering and assembly, staff time is freed to allow
them to handle additional clients or more profitable engagements. The elimination
of these labor-intensive aspects helps practices work more efficiently and more
profitably, and helps add value to the service they provide their clients.

SurePrep also provides several other products and services geared toward streamlining
processes and increasing the productivity of tax and accounting firms, including
1040SCAN, a system that uses optical character recognition technology to enable
tax preparers to scan client source documents and have the data automatically
flow to the correct forms and worksheets. 1040SCAN also provides an organized,
bookmarked and referenced PDF of all of the source documents. Through its software
applications and its on-shore and off-shore outsourcing services, SurePrep helped
tax firms prepare more than 100,000 returns last year, enabling the practices
to streamline their workflow processes. This, in turn, lets them handle more
returns in less time, provide clients with excellent service and improves the
work-life balance of the professionals at the firm. In short, SurePrep helps
professionals work smarter, not harder.