How Your Tax Software Can Impact Your Business: TaxWise Tax Software Reviews

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How Your Tax Software Can Impact Your Business: TaxWise Tax Software Reviews

How Your Tax Software Can Impact Your Business: TaxWise Tax Software Reviews 300 251 admin

Wolters Kluwer has been an established name in several different industries since the 1980s. The company delivers industry-leading software and services to professionals in several industries, including: tax, accounting, finance, legal and more. In our TaxWise tax software reviews, we find that TaxWise, although a capable, user-friendly software, has a few areas of improvement and some catching up to do to compete head-to-head with tax software giants. In this article, we will discuss its advantages, areas of improvement and whether or not it would be a good choice for your tax business.

Although TaxWise professional tax software comes with a user-friendly interface, it was primarily made for tax offices with complex tax preparation needs. In terms of its ease of use, TaxWise will not only guide you through preparing a return but will also point out what is wrong or missing after having completed the process, using it’s handy ‘Diagnostics’ tool. It also comes with several other useful tools that can help you better understand how tax preparation works, such as the ‘What If’ mode, which emulates different tax scenarios. With exception to these useful features, TaxWise professional tax software falls behind in a few areas that some offices simply cannot go without.

These days, most high-volume tax offices rely on time-saving hardware integrations such as signature pads and hand-held scanners, moving towards more paperless solutions. These integrations are supported by software providers that aim to stay ahead of the competition and this is where TaxWise falls behind. These hardware integrations are not yet supported by the software; but on a positive note, some offices prefer to work with their clients remotely rather than physically, and fortunately for those, TaxWise has recently introduced a new mobile application which can be used by taxpayers to receive copies of their returns, send information, and sign their bank documents from the comfort of their homes. While the mobile app is useful to many businesses, it does not make up for the integrations that TaxWise does not support and are must-haves for high-volume offices.

TaxWise Mobile App was designed to streamline tax preparation. It gives tax preparers the opportunity to communicate with their clients remotely and gives taxpayers the option to upload their forms, receive return copies, sign required documents, and check the status of their files on a secure platform that does not compromise their privacy. The application is fully integrated with TaxWise software, and can be used on a smart-phone, tablet, and even for those who are not fond of working with small devices; it can be accessed through a computer internet browser. For both taxpayers and preparers, the software can be easily customized and accessed. The data-entry part does not require much— if any knowledge of technology, since it is an interview-mode-like experience that populates forms based on provided answers.

TaxWise supports bank products, which can be useful for you as an ERO, and your clients, since it comes with many benefits such as cash advances, start-up loans, debit cards, and more. It works with many different tax banks, depending on where you are getting the software from. There are two ways to get TaxWise: you can get it from Wolters Kluwer (main provider) or from a service bureau, also known as a reseller. Both have their pros and cons, depending on your specific needs. This is why it’s important to compare price offers, services, and check if the provider supports bank product integration with the tax bank you use.

Lastly, before making your choice, try to list your must-haves and the things you can compromise. For example, if you run a high-volume business and you cannot go without signature pads and scanners, TaxWise will not be an ideal choice for your tax office. On the other hand, if you are looking for a software that can handle all your tax preparation demands, no matter how complex, you may want to consider TaxWise. Also, read as many TaxWise tax software reviews as possible. This will help you find out what previous and current users have to say about the software, simplifying your decision on whether or not TaxWise is right for your business. Lastly, you can download a TaxWise demo to try the software yourself.

Don’t know how to get a TaxWise tax software demo? We’ve got you covered! Our website aims to help tax-preparers find the perfect software for their tax businesses by providing detailed reviews, software comparisons, and demos. Click the ‘Download A Demo!’ button on the top right side of the website and choose the software that you’d like to try. Good luck!