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How to Expedite the 1040 Review Process and Remove the Reviewer Bottleneck

HOW TO EXPEDITE THE 1040 REVIEW PROCESS AND REMOVE THE REVIEWER BOTTLENECK

Cost Free
Presentation Length 1.0 hour

Recorded DateJune 8, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Series: Taxes
Course Description

Join us to learn how to expedite your 1040 review process and remove the reviewer bottleneck to have more time during tax season for high-value conversations with clients. Unfortunately, the review process in most firms is manual and time consuming.

We’ll show you how to implement the most efficient 1040 review process for your firm and be assured that the return is free of errors.

Additionally, we’ll discuss the benefits of using an independent verification tool to review 1040s instead of ticking and tying. 


We’ll also explore how to maximize the process for various reviewer scenarios and how to most efficiently train younger/less-experienced accountants to learn the tax code and produce error-free work. 

Finally, we end with a short demo of a new cloud-based tool called TaxExact and a bonus look at how to structure your day during tax season to be done at 4:00/4:30 every day and not work weekends—yes, it can be done!

Learning Objectives: 


  • Identify how to implement the most efficient 1040 review process for your firm

  • Recognize how to use an independent verification tool to review 1040s instead of ticking and tying

  • Determine how to maximize the process for different review scenarios based on the number of preparers/reviewers in your firm

  • Plan a method to train younger/less-experienced accountants to learn the tax code

  • Recognize how to remove the reviewer bottleneck in a live demonstration of TaxExact

  • Identify how to structure your day during tax season to be done at 4:00/4:30 every day and not work weekends

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Thoughtleadercreative

Janel is on a mission to help accounting firms grow profitably. The accounting profession is experiencing a dramatic shift, and firms can no longer afford to remain status quo if they expect to survive long term.

Revenue growth is in her DNA. It drives her. At its foundation, Janel believes profitable growth in public accounting firms starts with the right technology for driving maximum efficiency into the tax compliance process. Done correctly, capacity can be gained for business development and sales strategy.

Janel helps firms transform their tax compliance processes to support their business vision.

She also teaches firms how to create and implement marketing and sales strategies that drive profitable growth without adding resources.

Business leaders can choose to grow or be comfortable, but not both. Comfort leads to falling behind, and growth requires change. If you have a vision for growth and are willing to embrace change to achieve it, Janel is here to help.

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Dan Basch

TaxExact
CFO and Director of Business Relations
dan@taxexact.com
(585) 402-9499

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Dan is the Chief Financial Officer for TaxExact as well as the CFO & Director of Business Relations for Roberts Accounting, CPAs P.C. With over a decade of banking experience primarily in the commercial banking arena before joining TaxExact and Roberts Accounting, Dan has consulted with companies in varying stages of the business cycle from pre-revenue to M&A activity.

Primarily focused on the growth of business advisory services for Roberts Accounting, Dan is passionate about the TaxExact review methodology for its time savings, accuracy, and value it brings to newer reviewers in the firm.

Despite the unprecedented tax season of 2021, Dan was able to master the no-weekends-done-by-4:30-every-day work schedule most tax professionals don’t think possible. 
 

About Our Presenter

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TaxExact™ is the only tax verification tool on the market that transforms the 1040 tax return review process. Until now, the focus has primarily been on automating the tax preparation process. This patent-pending tax technology works seamlessly with all tax software to verify every return’s accuracy, dramatically reduce review time, and develop staff. With an intuitive user experience and built-in workflow, TaxExact™ helps tax practices be more productive and profitable.