TaxWise professional tax software has been one of the most trusted products in the tax industry. The software comes with a robust, easy-to-use system that facilitates tax preparation. In this article, you’ll learn more about TaxWise noteworthy features, as well as its disadvantages.
Unlike most software products nowadays, TaxWise professional tax software comes with over 60 bilingual forms. This feature may not seem like a remarkable feature for most users, but it would be important for tax professionals whose first language isn’t English.
Tax preparation can be time-consuming and complicated, especially if you have to manually review several forms to make sure nothing is wrong or missing. TaxWise comes with a point-and-shoot error solving mechanism, known as the ‘Diagnostics Tool’. This tool points out the wrong and/or missing information on tax returns and guides you through the process of fixing the errors. In our TaxWise tax software reviews, we found that this feature saves time and makes tax preparation a better experience.
‘What If’ Mode
The ‘What If’ Mode emulates real-life tax scenarios and gives EROs a better understanding of how the software calculates different returns in different scenarios. Using this tool every once in a while could make your actual tax preparation process much smoother.
TaxWise lacked a mobile app, until it introduced one lately, which can be accessed via any device with a web browser. It can be fully customized and can be used to send documents and check the progress of tax returns.
Third Party Gadgets
While TaxWise has several benefits, it falls behind in a few aspects. In our TaxWise software reviews, we found that it doesn’t support third party gadgets such as signature pads and handheld scanners yet. These gadgets are a must-have nowadays, especially if you’re running a high-volume office, or if you’re leaning towards paperless solutions to save time and money.
All in all, TaxWise is a great software that continues developing; however, at a slower pace compared to competitors. Before you decide whether or not it would be 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.