5 Apps That Will Ease Your Tax Filing Process

Whether you are filing tax for yourself or you have an army of clients waiting for you to file their taxes, the right selection of tools or apps can help you this tax season.

Forget piles of paperwork and endless hours at your desk. Now, you can file your tax from anywhere with cloud hosting through your laptop or mobile phone.

The cloud-based desktop versions of robust tax filing applications like QuickBooks allows the pros as well as novice to streamline their documents and filing process. Several tax professionals use remote filing software to work on their client’s tax data while away from the office. There are many applications that can make your tax filing process more productive and easier in this tax season.

Drake Software

Drake Software for tax and accounting is easy-to-use and ready-to-use. Drake Software has numerous features that offer various benefits to file faster, 24/7 monitoring and security.

● Drake offers backups to all users. You don’t need to worry about backups or damage control.

● It is a highly efficient software and can create state return without buying any extra module. It supports the need of individual users as well as professionals who file taxes for multiple large corporations.

● Drake compares multiple tax years and shows how clients can get refund with just a few clicks with the help of Quick Estimator.

● It has a wide range of pricing and plans that are suitable for all tax and accounting professionals.

QuickBooks by Intuit

QuickBooks gives you the chance to complete your accounting and tax filing tasks online, at one go. In 2020, you can use QuickBooks desktop to file your taxes on time and enhance your productivity.

● You can prepare and review your client’s tax data by using QuickBooks. Finalize your client accounts, review the balances, and make as many adjustments as you want in one place!

● Accomplish payment faster with the automatic reminding the customers about the payment’s dues.

● You can zoom in and out as you see fit. Visit the client overview, edit the details, and save the changes.

● QuickBooks 2020 feature enables the customers to search the invoices with PO numbers.

● Track inventory, income, expenses, and sales tax by just one click on QuickBooks desktop version.

It is an excellent software choice that has transparent pricing, various plans, and QuickBooks add-on options for different types of companies and filing professionals.

TurboTax by Intuit

TurboTax is another ingenious product by Intuit that has stolen the spotlight this tax season. In 2020, make filing tax much less chaotic and much more streamlined with the wide range of TurboTax products tailored for various professionals.

● TurboTax user-profiles comes with checkboxes like Single, I own a home, I sold stock or rental property, I own a small business, and I have children or dependents, which make choosing the correct product easier.

● TurboTax guarantees 100% accuracy during filing, or they pay the IRS fee for their users.

● One-click refund checking options with “show my refund.”

● 24/7 customer service option with quick turnaround time makes TurboTax easy-to-use even for new users.

● The free option only has e-filing. For the rest of the features, you need to upgrade to at least TurboTax basic.

● An easy-to-scale tool that is ideal for the individual who takes charge of their tax filing each season.

Choose from among TurboTax Basic, Deluxe, Premier, and Self-employed for enjoying the complete TurboTax experience.

TSheets by QuickBooks

TSheets is a reliable and simple time tracking tool. It not only tracks time, but it has a powerful reporting engine that manipulates data according to customer needs. Additional features include project management, expense management, invoicing, and employee monitoring.

● TSheets has user-friendly navigation complete with pop-up windows that supports advanced tracking and customizable fields.

● This tool allows deep reporting. Moreover, its open API enables seamless third-party integrations.

● The Who’s Working widget shows which employees are on the clock and a detailed map of people who have logged-in from across the globe.

Any user can try TSheets for 14-days at no cost. Once the trial period is over, you can choose the Premium plan for $8 per user, per month and a $20 base fee per month. Or, you can try the new Elite plan at $10 per user and $40 base fee per month.

It is a smart choice for CPA firms, who need to keep track of remote employee timings and record workforce attendance.

SmartVault

SmartVault is ideal for CPA firms already using QuickBooks by Intuit. In 2020, it offers branded client portals and secure file sharing. However, there’s more bookkeepers, accountants, and tax professionals can expect from SmartVault .

● SmartVault enables secure online storage for sensitive client data. Your business can finally go paperless with secure online document sharing!

● You can create branded client portals for complaints, files, and information sharing with in-built storage.

● Integrate leading accounting and tax applications for the error-free calculations.

● Secure all your shared files with e-signature powered by DocuSign. Send documents for e-signature, approvals, and payments, and re-route them to SmartVault securely.

● Boost team productivity by automating the daily workflows and optimizing the client-facing processes.

● Get anywhere access to your stored documents in the cloud via the SmartVault desktop app.

SmartVault has trial periods for both individual users and businesses. Accountants can check out the Tax Prep and Accounting Pro plans, while businesses should check out the Starter, Team, and Professional plans for turbo-charging their workflows.

Knowing about the best tools and apps before you begin your filing work can help you fast-track the filing process and eliminate errors. Choosing the right software platform can save you or your client(s) significant hassle and quite a bit of money.