Latest Articles

June 11, 2019 

TaxAct Professional Edition TaxAct www.taxact.com/professional From the 2019 reviews of professional tax preparation systems. TaxAct Professional Edition is best suited for small to mid-sized firms that process a high number of tax forms for clients. TaxAct originally introduced DIY products for individual tax preparation for tax year 1998; TaxAct Professional, for CPA and accounting firms,...…

Mary Girsch-Bock

June 11, 2019 

TaxWise from Wolters Kluwer, is a scalable tax compliance application well-suited for small to mid-sized firms that process a variety of client returns. TaxWise Desktop is designed to be installed on-site on a local workstation or network.

Mary Girsch-Bock

June 11, 2019 

Bloomberg Tax Estate and Gift Tax 706 Preparer automates IRS Form 706 preparation, including amended returns. IRS forms and schedules supported in the application include IRS Form 706, Form 8971, and Forms 706-CE, 56, 712, 2848, 4768, 8275, 8275-R, ...

Mary Girsch-Bock

June 11, 2019 

Estate and Gift Tax 709 Preparer from Bloomberg Tax automates the preparation of IRS Form 709, while also supporting IRS forms including Form 56, 712, 2350, 4868, 8821, 8822, 8275, 8275-R, and 8892.

Mary Girsch-Bock

June 11, 2019 

Canopy Tax www.canopytax.com From the 2019 reviews of professional tax preparation systems. Canopy offers a completely integrated tax and practice management platform designed for accounting firms of any size. Modules currently available from Canopy include Practice Management, Tax Resolution, and the new Notices module. The Notices module allows accountants to quickly answer questions regarding any...…

Mary Girsch-Bock

June 11, 2019 

Taxfyle is designed for both consumers and accounting firms; connecting consumers with tax professionals who will prepare and file their taxes on demand. Taxfyle is an excellent alternative to do-it-yourself tax applications that put the ...

Mary Girsch-Bock

June 11, 2019 

Drake Tax Drake Software www.drakesoftware.com From the 2019 reviews of professional tax preparation systems. Drake Tax from Drake Software is well-suited for small to mid-sized accounting firms that process a high number of individual and business returns for clients. As a winner of The CPA Practice Advisor’s Reader’s Choice Awards since 2004, Drake Software offers...…

Mary Girsch-Bock

June 11, 2019 

In this age of technology disruption, we can feel alone, sometimes not knowing where our anchor is - what will stay the same, what will change, and what we can depend on, and how we will get there together.

Amy Vetter

June 11, 2019 

Throughout the review process, we looked at numerous system features and functions including cloud/remote access, the ability to support multiple tax preparers simultaneously, e-filing availability, and the ability to import data from other applications.

Mary Girsch-Bock

June 11, 2019 

ATX from Wolters Kluwer is a tax compliance application that is well suited for small to mid-sized accounting firms that typically file fairly uncomplicated returns. ATX also offers excellent tax law research capability that integrates with the core ...

Mary Girsch-Bock

June 11, 2019 

The Standing Ovation program, launched in 2015, recognizes young CPAs who exhibit outstanding professional achievement in specialization areas. Nomination requirements for the Standing Ovation program in Information Management and Technology Assurance ...

June 11, 2019 

The ASB’s current description of the concept of materiality is consistent with the International Accounting Standards Board’s and the International Auditing and Assurance Standards Board’s definitions of materiality.