Tax

Section 199A can be a gold mine for owners of pass-through entities and sole proprietors. Thanks to this provision authorized by the Tax Cuts and Jobs Act (TCJA), a qualified taxpayer can annually deduct up to 20% of its qualified business income (QBI), effective for 2018 through 2025. But the TCJA deduction is fraught with […]

The Sales Tax Institute will present the first ever Sales Tax Nerd award this fall to celebrate professionals that are dedicated to the study and practice of sales tax.

The Internal Revenue Service says it will automatically waive the estimated tax penalty for the more than 400,000 eligible taxpayers who already filed their 2018 federal income tax returns but did not claim the waiver. The IRS will apply this waiver ...

Tax Document Automation capability can save accountants hours and hours of work. Imagine simply placing documents into a scanner and just scanning them. No need to worry about organizing the documents prior to scanning them.

Source Document ProcessingCS Professional SuiteThomson Reuters http://Tax.thomsonreuters.com From the August 2019 reviews of tax document automation systems. Available as an add-on module for the Thomson Reuters CS Professional Suite, Source Document Processing integrates with both File Cabinet CS and Ultra-Tax CS.  The product is not designed to be used as a stand-alone application, but instead, […]

SurePrep 1040SCANSurePrep www.sureprep.com From the August 2019 reviews of tax document automation systems. SurePrep 1040SCAN is a good fit for those using other SurePrep applications. The product also works well with third-party accounting applications such as CCH Axcess Tax, CCH ProSystem fx Tax, GoSystem Tax RS, CCH Global fx, Lacerte, and UltraTax CS. All SurePrep […]

Intuit Lacerte and ProSeries Scan and Importhttps://proconnect.intuit.com/proseries/https://proconnect.intuit.com/lacerte/ From the August 2019 reviews of tax document automation systems. Scan and Import is offered in both Intuit Lacerte and ProSeries products. Designed to work within the application itself, Scan and Import cannot be used as a stand-alone application, and does not integrate with other tax applications. Links […]

GruntWorx Tax Automation and OrganizationGruntWorx LLCwww.gruntworx.com From the August 2019 reviews of tax document automation systems. GruntWorx is well suited for accounting firms of any size; offering easy integration with a variety of tax programs including Drake Tax, GoSystem Tax RS, CCH ProSystem fx, Intuit Lacerte, and Ultra Tax CS. GruntWorx is web-based, with users […]