CPA Practice Advisor - 15

PRO TAX PREPARATION SYSTEMS: REVIEW
Estate & Gift Tax 709 Preparer from Bloomberg Tax
return, and the Import Spouse's Split Gifts feature allows
users to import split gifts from a spouse's 709 Preparer tax
return into the taxpayer's return. Spouse returns can also
be imported directly into the product as well.
709 Preparer uses a Smart Data Entry system that
allows users to easily navigate through the form entry
process, with users needing to enter data only once.
Users are also alerted to missing or erroneous data through
diagnostic messages, and on-screen sticky notes makes it

Read the full review for this product online at: www.CPAPracticeAdvisor.com/21081506

Taxfyle
https://taxfyle.com/
Taxfyle is designed for both consumers and accounting
firms; connecting consumers with tax professionals who
will prepare and file their taxes on demand. Taxfyle is an
excellent alternative to do-it-yourself tax applications
that put the preparation burden on the taxpayer alone by
combining on-demand tax preparation capability with experienced tax practitioners to create a unique application.

Consumers interested in using Taxfyle simply answer a
series of questions. Once the questions are answered, the
customer receives a quote for the tax preparation services.
Taxfyle will also match customers with a tax professional.
Once that match has been facilitated, customers then begin
the process of sending the required documents needed in
order to prepare the return. Once the return is completed,
customers can sign the return using their mobile device,
which allows the tax professional to then file the return.

But perhaps the biggest advantage that Taxfyle
offers is reserved for CPA firms, particularly firms that
find themselves frequently overwhelmed during the tax
season. Here are just a few of the challenges that many
firms find themselves dealing with during the tax season:
■■ Finding and retaining qualified staff
■■ Maintaining a fair workload/overworked staff
■■ Dealing with new clients while continuing to keep current
clients happy
■■ Ensuring that new staff are keeping up with tax changes

RELATED APPLICATIONS

https://www.bloombergtaxtech.com
Estate and Gift Tax 709 Preparer from Bloomberg Tax
automates the preparation of IRS Form 709, while also supporting IRS forms including Form 56, 712, 2350, 4868, 8821,
8822, 8275, 8275-R, and 8892. 709 Preparer automatically
performs form computations, ensuring that all calculation
totals are carried to the correct place. The product allows
users to move gifts from one part of Schedule A, automatically import data from a prior year Form 709 into the current

easy to enter custom data or notes on-screen. A custom
attachment feature is also included in the application, so
users can attach documents and notes to any form for
future reference.
Other calculations that are performed by 709 Preparer include Annual Exclusion for each gift and Support
for Donees, which also provides form preparers with a
worksheet that includes a drop-down list that can easily
retrieve and apply donee information for entries and will
also total amounts and annual exclusions for each donee.

Read the full review for this product online at: www.CPAPracticeAdvisor.com/21081512

SAVE THE DATE!

2019

CPA Practice Advisor Presents

Public accounting's premier annual live streaming event!

LIVE STREAMING EVENT FROM DALLAS, TX

STRATEGIC
GROWTH
FOR
ACCOUNTING
FIRMS!

DECEMBER 12

Ensuring Success, a one-day national conference event, brings
together the brightest minds in the accounting profession to share
their knowledge and insight through a live streaming conference.
Become a sponsor and benefit from interaction with attendees through
various marketing opportunities including commercial spots, direct contact,
lead generation, marketing materials and pre/post-event marketing.
JUNE 2019 ■

For more information:
www.ensuringsuccess.com
www.CPAPracticeAdvisor.com

15


https://www.bloombergtaxtech.com http://www.CPAPracticeAdvisor.com/21081506 https://www.taxfyle.com/ http://www.CPAPracticeAdvisor.com/21081512 http://www.ensuringsuccess.com http://www.CPAPracticeAdvisor.com

CPA Practice Advisor

Table of Contents for the Digital Edition of CPA Practice Advisor

2019 Most Powerful Women in Accounting
2019 Product Review - Tax Preparation Systems
From the Editor: Change is in the Air
The Millennial Advisor: Gone!?!
The 21st Century Accountant: The Four Stages of Robotic Process Automation
From the Trenches: Do Your Best Leadership
The Leadership Advisor: How to Adapt Our Habits to Create Stronger Connections at Work
The Staffing & HR Advisor: How to Quit Your Job Gracefully
Lean Six Sigma Advisor: 4 Steps to Ensure a Return on Your Technology Investment
Bridging the Gap: Automation is Here. How Are You Leveraging It?
Protect & Build Wealth Through Captive Insurance
How Simplification Has Complicated the Tax Office of the Future
Apps We Love: Legal Services
Can Employers Make Direct Deposit Mandatory?
Think Twice Before Not Paying Summer Interns
How to Gain Law Firm Clients With Clever Marketing
How to Set Up the Chart of Accounts for Law Firm Clients
Resources for the Law Firm Accountant
The ProAdvisor Spotlight: Next Day Funding for ACH: Powerful Payment Processing that Drives Prosperity
Don't Delay Implementing New Revenue Recognition Standard
AICPA News
How to Prepare for Summer and Not Leave Your Business Stranded
CPA Practice Advisor - 1
CPA Practice Advisor - 2
CPA Practice Advisor - 3
CPA Practice Advisor - From the Editor: Change is in the Air
CPA Practice Advisor - 5
CPA Practice Advisor - 2019 Most Powerful Women in Accounting
CPA Practice Advisor - 7
CPA Practice Advisor - Protect & Build Wealth Through Captive Insurance
CPA Practice Advisor - 9
CPA Practice Advisor - 2019 Product Review - Tax Preparation Systems
CPA Practice Advisor - 11
CPA Practice Advisor - 12
CPA Practice Advisor - 13
CPA Practice Advisor - 14
CPA Practice Advisor - 15
CPA Practice Advisor - 16
CPA Practice Advisor - How Simplification Has Complicated the Tax Office of the Future
CPA Practice Advisor - Can Employers Make Direct Deposit Mandatory?
CPA Practice Advisor - Think Twice Before Not Paying Summer Interns
CPA Practice Advisor - Resources for the Law Firm Accountant
CPA Practice Advisor - 21
CPA Practice Advisor - Apps We Love: Legal Services
CPA Practice Advisor - The Millennial Advisor: Gone!?!
CPA Practice Advisor - The 21st Century Accountant: The Four Stages of Robotic Process Automation
CPA Practice Advisor - The ProAdvisor Spotlight: Next Day Funding for ACH: Powerful Payment Processing that Drives Prosperity
CPA Practice Advisor - From the Trenches: Do Your Best Leadership
CPA Practice Advisor - 27
CPA Practice Advisor - The Leadership Advisor: How to Adapt Our Habits to Create Stronger Connections at Work
CPA Practice Advisor - The Staffing & HR Advisor: How to Quit Your Job Gracefully
CPA Practice Advisor - Don't Delay Implementing New Revenue Recognition Standard
CPA Practice Advisor - AICPA News
CPA Practice Advisor - Lean Six Sigma Advisor: 4 Steps to Ensure a Return on Your Technology Investment
CPA Practice Advisor - How to Prepare for Summer and Not Leave Your Business Stranded
CPA Practice Advisor - Bridging the Gap: Automation is Here. How Are You Leveraging It?
CPA Practice Advisor - 35
CPA Practice Advisor - 36
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2022
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/november2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/july2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/march2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2021
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_November_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_July_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_June_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_April_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/CPA_Practice_Advisor_March_2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2020
https://www.nxtbook.com/endeavor/cpapracticeadvisor/december2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/november2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/october2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/september2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/august2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/july2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/june2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/may2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/april2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/march2019
https://www.nxtbook.com/endeavor/cpapracticeadvisor/february2019
https://www.nxtbookmedia.com