Tax professionals often race against the clock to navigate through tons of forms, numbers, and endless calculations. Tax season can feel like a life-or-death high-stakes adventure, and it is, after all.
But fear not. You can equip yourself with the latest and greatest tax software tools to easily conquer the complexities of tax workflows and file returns without missing deadlines with the help of workflow management software and some fundamental tools.
What is a Workflow Automation Tool?
Workflow management software or tools organize and automate different tax filing processes, primarily to integrate them into each other. By automating repetitive tasks and providing real-time visibility into progress, workflow management software improves productivity and minimizes human errors.
Some things always stay the same, especially process-based activities. Filing a 1040 tax return has followed the same symphony for decades. Even today, we follow the same four steps. The only difference is that it was all manual earlier, and now we have tools to automate and expedite the task.
The four steps are:
Gathering Information: The first step is to collect the necessary documents and taxpayer information to account for each detail.
Workpaper Organization: This step is slightly tricky, as the papers are arranged meticulously to ensure accuracy.
Review and Approval: The professionals usually evaluate the form with Hawk’s eyes before the tax return is finalized.
Delivery: This marks the end of the process, during which a meticulous tax return form is submitted along with the invoice.
Five Tools to Complement Your Tax Workflow
Whether you are a tax firm or an individual accountant, your primary goal is to be professional and exceed the expectations of your clients. If you falter, someone else will step into your shoes. So, to reach new heights, integrating technological solutions is a must for streamlining work and boosting efficiency. We have curated a list of tools to complement your tax workflow. They are:
1. CCH Axcess Tax
Wolters Kluwer’s CCH Axcess Tax is a cloud-based tax preparation and compliance offering for tax firms and agencies of all sizes. This wholly integrated tax solution is intelligent and scalable with compliance and workflow solutions.
Features
- Comprehensive forms
- Accurate calculations
- State-of-the-art technology with integration facilities
- Flexibility
Pricing
There are four pricing modules; however, they are available upon request.
- CCH Axcess Tax Essentials: Includes license for 1 to 4 users
- CCH Axcess Tax Pro: Includes license for 1 to 19 users
- CCH Axcess Tax Complete: Includes license for 1 to 9 users
- CCH Axcess Tax: This package has a flexible licensing
2. TaxDome
TaxDome is described as one of the best platforms for managing clients, projects, and teams. It helps with document storage, billing, and much more.
There has never been one product like this that fulfills every need. You do not need other programs; TaxDome is all that you require.
So everything gets done in one place and cuts down overheads for everyone involved in the workflow. All of this adds up to making operations smoother and more efficient.
Features
- Automated workflows
- Customer relationship management (CRM)
- Management of client management + communication
- Document management
- Invoicing and billing
- Proposals + Engagement Letters (ELs)
- AI-powered reporting
Pricing
Three pricing packages are available.
One year: $800 per year and user
Two years: $750 per year and user
Three years: $700 per year and user
3. Canopy
It is famous for its augmenting processes, which ensure the accuracy and visibility of the project to everyone. This leaves little room for confusion or doubts about who is working on which project and its status. One of Canopy’s best features is its customizable pricing structure.
Features
Automated Workflow Templates
Automated Client Reminders
Manage recurring work
Automation of Triggering Actions
Automate reports for clients
Pricing
Pricing is designed to suit the size of the firm. You can start with the Client Management Platform and add on more as you need.
Standard: $150 per month. No cap on users
Pro: $175 per month. No cap on users
4. Jetpack Workflow
If you have sleepless nights during peak season, try Jetpack Workflow. From automating recurring jobs to organizing workflows and future planning, it can manage all that and much more to ease the tension off your shoulders. It ensures that you are on schedule and never miss a deadline. It offers complimentary onboarding and support.
Features
- Customizes work templates
- Automate accounting tasks
- Sticks to schedule
Pricing
There are monthly and yearly pricing plans. They are called
Starter Yearly: $30/per user
Starter Monthly: $45/per user
5. Financial Cents
Communication with the client is crucial when filing returns. Financial Cent automates the work process to ensure faster client responses and monitor their work. The automation saves both time and money.
Features
- Organize and centralize the work
- Control and monitor the entire workflow
- Reduces response time from clients
Pricing
There are yearly and monthly pricing packages.
The annual plan has two parts.
- Team Plan: $39 per month per user
- Scale Plan: $59 per month per user
The monthly plan also has two parts
- Team Plan: $49 per month per user
- Scale Plan: $69 per month per user
Key Highlights Of Workflow Management Software
Automate tasks: Reduces the burden of repetitive and monotonous operations so that resources can focus on critical activities.
Fasten Communications: Facilitates the team with seamless communication, ensuring everyone is on the same page.
Easier Tracking: It automatically tracks tasks and generates reports on progress and bottlenecks.
Personalization: They have the flexibility to customize workflows and templates according to the business needs.
Conclusion
These tools have been developed to organize work and enhance efficiency. They are designed to handle all kinds of tasks—from mundane jobs like scheduling reminder emails and creating to-do lists to specific tasks such as monitoring project workflows and facilitating smooth communication with clients and team members.
Many of these tools come with free trials, while others have high user recommendations and reviews. You can rely on reviews. Analyze all that and assess our requirements before taking your pick.
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