Brooke Williams 4m 875 #tax
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Professional tax preparation is a difficult and time-consuming process. Luckily, there are tax software tools designed to simplify the process. Many types of tax software are available in the market to suit different needs and budgets. We’ve gathered some of the best tax software options to potentially make your life easier, depending on your circumstances.
Tax preparers need to have a deep knowledge of tax laws and regulations and extensive knowledge about the latest changes in the industry. It’s not an easy job. That’s why it’s important to have software that can help you save time and be more efficient. Tax software provides tax preparers with all the necessary information, updates, and calculations so they can spend more time providing advice to their clients.
Comparing the Top Tax Preparation Software
Affordable and comprehensive tax software is essential for every tax preparer. TurboTax, ProSeries Professional, Drake Tax, and TaxSlayer Pro fit into that lineup. Here’s a full breakdown of each and the different products, services, and capabilities they come with.
ProSeries Professional by Intuit has four main products: Pay-Per-Return, Choice 200, 1040 Complete, and PowerTax Library. It’s one of the best value-for-money options. Each of the products supports digital signatures, federal e-filing, and cloud hosting. One of the best things about this product is that all its software packages come with step-by-step onboarding support for new users. Some of the other benefits supported include:
● Refund transfers
● Multi-user access
● Tax planners
● Client checklists
● Client presentations
● Client letters
● Client invoices
Price plans are:
● Basic 20: $499 per year
● Basic 50: $799 per year
● Basic Unlimited: $1,259 per year
● Pay Per Return: $369 per year
● 1040 Complete: $1,949 per year
Drake Tax is the cheapest of the three options with plans starting from just $345 per year. It supports more than 6,000 federal and state forms and schedules, making it one of the most comprehensive solutions on the market. This software company stands out for the educational resources it provides alongside its software which includes:
● Software seminars
● Training videos
● Online and in-person software training
Price plans for tax filing are:
● Power Bundle: $1,545
● Unlimited: $1,425
● Pay Per Return: $345 for 15 returns ($23 each for additional returns).
TaxSlayer Pro is the most expensive option. However, some of the useful resources it comes with include free unlimited e-filing options, macOS compatibility, client retention tracking software, and with certain plans, an on-the-go mobile app. The software functionalities are adaptable to all 50 states, multiple users can access the software simultaneously and the platform has endless resources to further expand its users’ tax knowledge.
Price plans are as follows:
● Pro Premium: $1,495
● Pro Web: $1,395
● Pro Web + Corporate: $1,795
● Pro Classic: $1,195
Becoming a Tax Expert at Intuit
Intuit is actively hiring tax professionals and those looking for tax preparer jobs with experience using professional tax software to prepare federal and state individual tax returns for clients. Becoming a tax expert at Intuit opens the doors to all sorts of possibilities in your professional life. TurboTax Live has open positions for people at every stage of their careers, whether you’re a tax associate, a senior tax professional, or even just starting out within the industry. Getting set up with a TurboTax Live job is a relatively simple step-by-step process. Employees receive all the necessary support including work laptops to get up and running.
Not ready to take the leap just yet? You can still join Intuit’s Talent Community to make sure you never miss an opportunity that could take your career to the next level.
Intuit provides employees with a wealth of resources. Free tax software and courses are provided to make sure you can be confidently ready for any job. Prior to starting any role, you’ll settle in by engaging in a one-week-long training course, being introduced to all of the software capabilities, and being provided with defined expectations to help you succeed.
Tax experts also have the ability to work where you want with flexible scheduling options, so you can get more out of your time. The only slight caveat is a 20-hour minimum workweek during the busy tax season, but you’re not limited to these hours, many tax professionals work 40 hours and even more.
What Is It Like to Work at Intuit on TurboTax Live?
Intuit has been ranked among Fortune’s “100 Best Places to Work For,” FastCompany’s “50 Best Places for Innovators,” and Glassdoor’s “Best Places to Work.”
Intuit adopts a culture that helps its customers prosper. It’s no different for its employees. Intuit has a range of remote tax jobs.
U.S. Tax experts’ benefits include:
● 401(k) savings plan with Intuit matching
● Employee stock purchase plan
● Employee assistance program
● Paid sick leave
● Intuit-provided E&O insurance
● Product discounts and a free copy of TurboTax Live
Best Tax Software for Tax Preparers: Verdict
With the accounting software options mentioned above, you’ll have everything at your fingertips. From creating financial statements to tracking expenses, everything can be done with ease. If you need to keep track of multiple clients, you can easily manage their needs all from one place.
Alternatively, if you’re looking for a WFH position, becoming a remote tax filer could be a great and lucrative option for you.