October 16, 2014
[This is part of a special series about year-end tax planning and preparation.] In the usual case, the tried-and-true tax strategy at the end of the year is to pull deductions into the current year and push income into the following year. And, for the most part, it still makes sense. But now there’s a few...…
October 15, 2014
While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.
October 10, 2014
By Bill Kennedy, CPA, CA The Affordable Care Act changes had the biggest impact on tax software across the country this year, as developers scrambled to incorporate the new Net Investment regulations into their packages, particularly for high net worth individuals. All of the packages reviewed have been updated for the impact of this legislation....…
October 10, 2014
Basic System Functions: 5 Stars Firms using the Lacerte tax preparation software will find the tax planner interface to be very similar and easy to navigate. The main window of the program has a menu bar at the top followed by a toolbar with icons. To navigate through the program, there are worksheet tabs below...…
October 10, 2014
The CS Professional Suite from Thomson Reuters offers an integrated set of tax, accounting, and practice management applications. Planner CS tightly integrates with the suite to provide tax projections for a virtually unlimited number of years and scenarios. Basic System Functions: 4.75 Stars Planner CS opens into a customizable welcome screen with a list of...…
October 10, 2014
While most other tax software systems offer tax planning as a separate module, Drake has included Tax Planner as a free add-on to its main tax system, Drake Tax. Basic System Functions: 4 Stars Drake Tax is designed for individuals as well as small and medium sized businesses. As such, it may not meet all...…
October 10, 2014
The ProSystem fx Suite from CCH offers integrated applications for tax and accounting firms. While CCH also has cloud-based solutions known as CCH Axcess, for now Planning is only a network or locally installed program which can import tax data from either ProSystem fx Tax or CCH Axcess Tax. However, plans can be created manually...…
October 10, 2014
Bloomberg BNA, a wholly owned subsidiary of Bloomberg L.P. is a publisher of specialized news for business, offering several software programs used by tax and accounting professionals. BNA Income Tax Planner with optional Fifty States creating both federal and state tax plans for clients with complex tax situations. Basic System Functions: 4.75 Stars BNA’s tax...…
October 9, 2014
Are you the kind of tax practitioner who waits for business to walk in the door or do you actively pursue it on your own? Usually, the former will result in flat revenue while the latter enables you to better build and grow your practice.
October 9, 2014
Naturally, everyone’s tax situation is different and the landscape changes year to year. However, absent special circumstances such as pending legislation or drastic economic swings, the tried-and-true strategy of accelerating deductions into ...
September 30, 2014
While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.
September 18, 2014
Thomson Reuters has released a new multi-volume WG&L Estate Series treatise for estate planners, Tax Planning for Family Wealth Transfers at Death: Analysis with Forms. This WG&L treatise, by Howard M. Zaritsky, renowned estate planner and author...