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Tag Archive for tax software

Learn Why Companies Are No Longer Using An Excel Spreadsheet To Do The Tax Provision

Best Tax Provision Software

When it comes to doing the complicated corporate tax provision, we have discovered in our surveys many corporate tax professionals are still using an in-house, homemade excel format. The problem is an in-house excel program will miss important information and calculations. What we learn from experts is the disproportionate amount of time tax professionals are spending on making sure the Excel spreadsheets are calculating correctly versus the real technical issues in an ASC 740 context.

For most companies, the facts change from year to year. For example, changes occur to accommodate new facts such as new entities, states or foreign jurisdictions, uncertain tax benefits or even new perms and temps. These changes require significant knowledge of the design and links within the excel spreadsheet model. Spreadsheet users are often required to make modifications to multiple tabs in the spreadsheet and ensure that they don’t break any formulas. This whole process introduces risk into the spreadsheet. For example, something that should be very simple like adding a new entity will require numerous changes to a spreadsheet model.
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Corporate Tax Executives – Face Tax Software Mistakes Few Are Prepared For

Kat Jennings, TaxConnections

Over the past few days, many calls and emails regarding this series of posts have been received regarding corporate tax executives. One individual called to remind us the expertise required today that was not required thirty years ago when they started in the  tax profession. In particular, we discussed tax executives with little if any knowledge of software. Tax Executives with little software expertise are being hoodwinked by people selling them tax software services they do not need. Tax management is faced with  a technology integration nightmare that few know how to deal with today. Tax management simply wants the problem to go away so they call in a consultant to fix it.

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Have You Used Award-Winning Practice Ignition Yet?

We’re happy to announce that Practice Ignition has successfully been recognised for two awards this week from FinancesOnline. We’re really proud of the team and all the hard work they’ve been putting in over the last six months and it’s fantastic to see the recognition come through on the back of what has already been an eventful year for us. Read more

Making Data Driven Decisions: Practice Ignition

Do you know what motivates your customers? Your business’s unique selling proposition (USP) is the one factor that will differentiate you from your competition and lets your potential clients understand why your service is better than a similar offering. It will also indicate how your firm adds value to your clients.

How to differentiate your business Read more

Practice Ignition Training Webinar – Today, July 26th

Join me as I introduce Ryan Embree from Practice Ignition who will walk you through step by step instructions on how to use this super easy template software. What Practice Ignition has done is take the client onboarding process including proposals, engagement letters, and billing clients super easy and fun. This elegant template software takes what would normally take any tax, accounting or legal professionals hours and streamlines it to minutes. All attendees will receive a two week for trial for attending this webinar since you will become a pro after one easy training webinar. Read more

Practice Ignition Training Webinar – Thursday, July 26th

Join me as I introduce Ryan Embree from Practice Ignition who will walk you through step by step instructions on how to use this super easy template software. What Practice Ignition has done is take the client onboarding process including proposals, engagement letters, and billing clients super easy and fun. This elegant template software takes what would normally take any tax, accounting or legal professionals hours and streamlines it to minutes. All attendees will receive a two week for trial for attending this webinar since you will become a pro after one easy training webinar. Read more

Practice Ignition Training Webinar – Today, June 12th

Join me as I introduce Ryan Embree from Practice Ignition who will walk you through step by step instructions on how to use this super easy template software. What Practice Ignition has done is take the client onboarding process including proposals, engagement letters, and billing clients super easy and fun. This elegant template software takes what would normally take any tax, accounting or legal professionals hours and streamlines it to minutes. All attendees will receive a two week for trial for attending this webinar since you will become a pro after one easy training webinar. Read more

Practice Ignition Training Webinar – Today, June 28th

Join me as I introduce Ryan Embree from Practice Ignition who will walk you through step by step instructions on how to use this super easy template software. What Practice Ignition has done is take the client onboarding process including proposals, engagement letters, and billing clients super easy and fun. This elegant template software takes what would normally take any tax, accounting or legal professionals hours and streamlines it to minutes. All attendees will receive a two week for trial for attending this webinar since you will become a pro after one easy training webinar. Read more

Practice Ignition Training Webinar – Wednesday, June 28th

Practice Ignition is designed to assist accountants manage their engagement letters, client payments and raise invoices. For you as a business owner, another major advantage of the software is also the ability to process your tax engagements (in addition to your normal engagements). There are three key benefits to this:

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Why You Shouldn’t Drop Your Prices On Services

Practice Ignition

Accountants and Bookkeepers commonly fall into the trap of dropping their fees at the negotiation table. At Practice Ignition, we want you to avoid this. Instead, we recommend harnessing fixed fee billing to set up a baseline set of services with key add-ons available to your clients. Read more

Practice Ignition Training Webinar – Wednesday, June 14th

Practice Ignition is designed to assist accountants manage their engagement letters, client payments and raise invoices. For you as a business owner, another major advantage of the software is also the ability to process your tax engagements (in addition to your normal engagements). There are three key benefits to this:

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Practice Ignition Training Webinar – Wednesday, June 14th

Practice Ignition is designed to assist accountants manage their engagement letters, client payments and raise invoices. For you as a business owner, another major advantage of the software is also the ability to process your tax engagements (in addition to your normal engagements). There are three key benefits to this:

Read more