TaxWise has been one of the tax industry’s most trusted software products. The software features a robust, simple, and intuitive user-interface. However, it does fall behind in a few aspects. In this article, we’ll help you identify the pros and cons of TaxWise, and decide whether or not it’d be a good fit for your tax business.
TaxWise professional tax software features over 60 bilingual forms. While this may not be a big deal to most tax professionals, it’d definitely mean a lot to tax pros that do not feel most comfortable with English.
With TaxWise’s Diagnostics Tools, you won’t have to do any guess work on your tax returns. The Diagnostics Tool will point out what’s wrong or missing on tax returns and guide you through the process of fixing the errors with a click of a button.
‘What If’ Mode
The ‘What If’ Mode is a software mode that emulates real tax preparation scenarios. This mode allows tax preparers to get a better understanding of how the software works and calculates under different scenarios.
Most software companies these days have a communication medium for taxpayers and tax pros to communicate through. TaxWise professional tax software recently introduced a mobile app that can be fully customized to your liking. It can be used by taxpayers to send their documents and check returns’ status and can be accessed, not only on smartphones, but on any device that has a supported web browser.
Third Party Gadgets – Not Supported Yet
In our TaxWise tax software reviews, we found that third party gadgets such as handheld scanners and signature pads are a must-have, especially if you’re running a high-volume office or if you’re trying to adopt paperless technologies. Unfortunately, such gadgets aren’t yet supported by TaxWise. However, based on TaxWise’s approaches in the past few years, we expect they’ll start supporting these gadgets soon.
Before you decide whether or not TaxWise is a good fit for your business, we suggest you get a TaxWise software free download of a demo, which you can get for free from our website. You can also read reviews, compare bank products and compare TaxWise with other industry-leading software products. We suggest you do everything we mentioned before you make your choice.