CEDAR RAPIDS, Iowa, Dec. 19, 2018 /PRNewswire/ -- TaxAct, celebrating 20 years as the savvy technology partner for independent tax professionals, has unveiled the latest technology updates made to its TaxAct Professional software solutions. These enhancements reflect input from TaxAct Professional users and are designed to provide them with operational efficiencies and deeper insights to serve their clients more effectively, and grow their businesses in the wake of tax code changes under the Tax Cuts and Jobs Act of 2017.
"Customer feedback is very important to us, and our most recent TaxAct Professional updates address some of the most common issues and suggestions that independent tax pros have shared with us," said Curtis Campbell, President of TaxAct. "Our software innovations are part of our ongoing effort to provide tax professionals with smart and scalable tools to efficiently navigate regulatory changes related to tax reform. We are proud of all we have done to empower tax professionals over the past 20 years, and these updates will help position tax professionals to grow their practices and serve clients better during the current environment and many years afterward."
The new features available in the TaxAct Professional solutions (http://www.taxact.com/professional) include:
- Enhanced Side-By-Side Form Views: TaxAct Professional users can compare all tax forms from the current year and prior year side by side. That includes Form 1040, Form 1065, Form 1120, Form 1120S, Form 1041, and Form 990. This change also allows preparers to easily view a client's business and individual tax returns simultaneously, as well as create and compare joint and separate filings for married clients. Users can quickly select the return types and tax years they wish to compare with the click of a button. Read-only returns can also be viewed in a separate window for ease of use.
- Client Information Worksheets: TaxAct Professional users can now utilize newly designed client information worksheets to efficiently enter basic client data. The new worksheets are centrally located within the 1040 Edition, giving preparers easy access as well as the ability to streamline points of contact with their clients.
- Additional Local/Generic City Returns: Two of the most requested state-specific tax returns are now available within the TaxAct Professional suite of products. Preparers can complete and file the Ohio 1040 generic city return and the Pennsylvania 1040 annual local earned income tax return for their clients in those two states. E-filing options are also newly available for several state-specific returns in Kentucky (amended Form 1040), Michigan (Form 1041), Oregon (Form 1065), South Carolina (Form 1065), and Virginia (Form 1041).
"Ever since our founding two decades ago we've had a firm belief that we could help tax preparers increase profitability and efficiency," said Traci Jones, Product Manager at TaxAct. "We've stayed true to that mission, and our solutions today help tax professionals to harness tax-related intelligence through scalable software and e-filing options to support all types of tax practices."
About TaxAct Professional
TaxAct's suite of TaxAct Professional enterprise solutions are designed to help independent tax professionals maximize revenue and optimize client service. TaxAct Professionals can efficiently manage and grow practices of any size using scalable software and e-filing options which are customized for their businesses. To learn more about TaxAct, a business of Blucora, Inc. (NASDAQ: BCOR), visit www.taxact.com/professional, or connect with us on Facebook, LinkedIn, and Twitter.
Blucora, Inc. (NASDAQ: BCOR) is on the forefront of financial technology, pioneering tax-smart financial solutions that empower people's goals. Blucora operates through two primary businesses, HD Vest, the No.1 tax-focused broker-dealer with $46 billion in total client assets as of September 30, 2018, and TaxAct, the No. 3 tax preparation software by market share with approximately 4 million consumer and professional users. With integrated tax and wealth management, Blucora is uniquely positioned to provide better long-term outcomes for customers with holistic, tax-advantaged solutions. For more information on Blucora or its businesses, please visit www.blucora.com.
JConnelly for TaxAct
SOURCE TaxAct Professional