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Tax & AccountingOctober 05, 2023

Managing complex tax returns more efficiently

Fee pressure, commoditization and do-it-yourselfers have prompted many accounting firms to shift their focus to more complex work. However, it’s not uncommon to find that the firm’s existing software is just not up to the challenge. Even firms that handle only a couple of complicated returns may find that these returns are taking a disproportionate amount of time to complete. 

For complex issues like multi-state taxation, multiple K-1s and specialty niches, more firms of all sizes use CCH® tax software

How does your software help your firm manage complexity?

Handle just about everything

Robert M. Goldstein prides himself on the high level of service his firm, Goldstein Enright Accountancy Corporation, provides to clients. With a proactive approach to tax services, Goldstein chose CCH Axcess™ Tax software because it can get the job done.

He says, “The software is the best. The one reason we've always used CCH is we have a pretty complicated clientele with complicated tax situations. And CCH software is pretty much the only software out there that can handle just about everything.”

CCH software is pretty much the only software out there that can handle just about everything.
Robert M. Goldstein, CPA

Comprehensive forms and calculations

Managing a multi-state firm with many clients in the agriculture industry, Kyle Gifford of Gifford & Cox LLC uses CCH® ProSystem fx® Tax to manage the firm’s tax preparation work. The firm’s clients are spread throughout much of the Great Plains, and the firm needs reliable multi-state functionality.

“The tax software supports the complex areas that we encounter through multi-state taxation,” says Gifford. “Our industry niches are probably not anything unusual for where we're located… We're heavy in agriculture, [and] what's come to be a big, complex item for us is multi-state taxation. The power of ProSystem fx to deliver help in that arena has been very, very beneficial to our firm.”

Reliability and power

At JamisonMoneyFarmer (JMF), Rachel Taylor has come to rely on the power of CCH Axcess Tax to handle the firm’s returns. Many of the industries the firm serves, including oil & gas, timber, hospitality and nonprofit/governmental, require specialized software on top of their staff’s specialized expertise.

Taylor explains, “I've always felt like the software that we used and the people that we worked with, were always very reliable… One thing that comes to mind when I think of Wolters Kluwer is just the reliability and also the power. I have worked with a couple other tax prep softwares a little bit over the years, and I didn't feel like they were as powerful. They couldn't handle some of the tax returns that we do, just because they weren't meant for that. But that I haven't found anything really that ProSystem fx or Axcess Tax can't handle.”

Although there are many solutions that can streamline simple returns, a system that can handle complex returns is what will make the biggest difference in the long term. With comprehensive and reliable tax software, firms can reduce manual work and let their expertise shine.
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