CPA Practice Advisor - 16

REVIEW: PRO TAX PREPARATION SYSTEMS
MyTAXPrepOffice
www.mytaxprepoffice.com
MyTAXPrepOffice from Advanced Tax
Solutions is a good fit for high-volume
tax preparers who typically handle
straight-forward returns. MyTAXPrepOffice offers unlimited federal and state
filing capability, with unlimited e-filing
included in all editions of the application. An online product, MyTAXPrepOffice works with all common Internet
browsers, with users able to access the

application from any smart phone or
tablet.
Designed to work online, MyTAXPrepOffice also includes an offline mode,
so users can still utilize the application
even if not currently online, with all data
entered later synched with the application once connectivity is restored. The
product is also a good option for accounting firms or tax preparers that currently
manage multiple locations, with users

able to easily review the status of any
office at any time. MyTAXPrepOffice is
designed for in-house tax preparation,
with customers typically present when
returns are completed.
MyTAXPrepOffice is available in
three editions: Individual, which costs
$495 for one user and only handles 1040
processing for a single user; Essential,
which costs $795, supports two users
and includes both individual and busi-

TaxAct Professional
TRADITIONAL WORKFLOW SYSTEMS

www.taxact.com/professional
TaxAct Professional Edition is best
suited for small to mid-sized firms that
process a high number of tax forms
for clients. TaxAct originally introduced DIY products for individual tax
preparation for tax year 1998; TaxAct
Professional, for CPA and accounting
firms, was introduced for tax year 1999.

Additional business products have
been available for more than 10 years,
including Forms 1065, 1120S, and 1120.
TaxAct Professional is scalable,
with three packages available including a pay-per-return option, a 1040
Bundle, and a Complete Bundle, with
all editions available in Standard and
Enterprise levels. TaxAct Professional
is designed to be installed as an on-

premise solution on workstation or
network systems. Users can also opt
to install the application as an Online
Network, so all files are stored on
TaxAct Professional servers rather
than in house.
The single-user 1040 Bundle is
$650; the 1040 Enterprise Bundle
is $720; the Complete Bundle, with
business returns is $1,200; and the

TaxSlayer Pro
www.taxslayerpro.com
TaxSlayer Pro has been offering tax
preparation software to accounting professionals for more than two decades.
TaxSlayer Pro is best suited for firms
that prepare a high number of returns.
The product is scalable, with three editions available: Classic, Premium, and
Pro Web. All editions offer 1040 preparation and filing, but only the Classic and

Premium editions offer business filing.
The user interface screen features
a variety of colorful icons for quick
system access. The main screen offers a
grid-style menu where users can choose
the option they wish to access. There
are also additional options listed on a
menu to the left of the grid. Users also
have access to the Client Status screen,
where all client data can be reviewed,

including all state filing information.
E-Filing status is also available from
this screen.
The Classic version of TaxSlayer Pro
is $1,095 for any number of users in the
same office and includes both individual
and business tax returns and unlimited
e-filing. The Premium and Pro Web versions both cost $1,395 for any number
of users, with the mobile app included,

TaxWise from Wolters Kluwer
https://taxna.wolterskluwer.com/professional-tax-software/taxwise
TaxWise from Wolters Kluwer, is a
scalable tax compliance application
well-suited for small to mid-sized firms
that process a variety of client returns.
TaxWise Desktop is designed to be
installed on-site on a local workstation
or network. In addition, TaxWise is
available in both English and Spanish.
TaxWise Online (TWO) is also for firms
that process mainly client 1040s and
want the ability to be able to access

16

JUNE 2019 ■

their tax compliance software from
anywhere.
The latest version of TaxWise offers
enhanced system security, adding
password expiration dates, and more
stringent password requirements.
The product also offers enhanced
integration capability with other CCH
applications including CCH AnswerConnect, CCH iFirm Portal, and CCH iFirm
Practice Manager, with users enabling

www.CPAPracticeAdvisor.com

integration during the product setup
process.
Three versions of the system are
offered: TaxWise Pay-Per-Return, which
is $586 per year with unlimited users in
one location; TaxWise ProFiling, which
focuses on federal and state returns and
runs $1,163 for unlimited users; and
TaxWise Power, which handles both
individual and business returns and
is available for $2,656 for any number

4.5

2019
OVERALL
RATING

ness return processing; and Unlimited,
which is $1,095 and supports unlimited
system users, multi-office management,
and unlimited system storage. All versions of MyTAXPrepOffice include free,
unlimited e-filing.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21081489

4.5

2019
OVERALL
RATING

Complete Enterprise Bundle is $1,550.
Enterprise versions support multiple
users. Pay-Per-Return is also available.
Add-on applications can be purchased
separately, with prices varying.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21081496

4.5

2019
OVERALL
RATING

although the Pro Web edition does not
offer business tax preparation or filing
capability at this time. All editions of
TaxSlayer Pro offer integration with
bank products.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21081493

4.75

2019
OVERALL
RATING

of users. For firms that process mainly
1040s, TaxWise Online may be a better
option, with three editions available,
starting at $292 for a single user system; Pro for $1,180 for three users; and
Enterprise for $2,152 for 10 users.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21081502


http://www.mytaxprepoffice.com http://www.CPAPracticeAdvisor.com/21081489 http://www.taxact.com/professional http://www.CPAPracticeAdvisor.com/21081496 http://www.taxslayerpro.com http://www.CPAPracticeAdvisor.com/21081493 https://taxna.wolterskluwer.com/professional-tax-software/taxwise http://www.CPAPracticeAdvisor.com/21081502 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
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