How Project Management Software Makes CPA Firms More Efficient

Written by Frances Kim. Updated Jun 16, 2015.

ThinkstockPhotos-86516092Advising your CPA firm’s clients on tax solutions that benefit their budget should be just one part of your firm’s tax savings strategy. When you deliver results that exceed client expectations in a timely manner, you increase client satisfaction and loyalty.

Customized CPA tax software is a practical tool many firms use to capture tax incentives and other savings while promoting transparency throughout the process. Your outsourced tax consultants may offer project management software as a part of your engagement when you partner together.

Learn more about how tax software helps CPA firms manage time, increase efficiency, track tax savings and serve clients more effectively.

CPA Software Helps You Stay On Schedule

Project managers are able to set start dates and expected completion dates on tax project tasks within project management software. This also allows employees to manage deadlines and complete tasks on time.

Tax Software Enables You To Share Documents

The pursuit of tax savings strategies requires you to prepare a significant amount of documentation. With document-sharing tools, employees are able to edit and update the status of reports within a transparent software system.

Track Progress With Project Management Software

The right CPA software is instrumental when keeping track of projects. Your software system lets you know what has been completed, who has completed each task and what work remains to be done on each project. These features often reduce the number of meetings and emails required at your CPA firm.

Tax Software Is Intuitive To Use

Easily accessible dashboards implemented in your project management software allow users to take advantage of practical features with little training required. CPA software is simple to install and begin using right away.

Features Your Project Management Software Should Include

When your CPA firm is searching for a comprehensive tax software solution, ease of use and advanced project management capabilities are important features your chosen software should incorporate. Consider software that allows you to complete the following processes:

  • Transfer documents with confidence in a secure environment
  • Focus on collaboration by working within a single platform for all users
  • Generate standard credit reports with ease
  • Check the status of your tax savings strategies through a customized portal
  • Create a roadmap for completing R&D studies while ensuring all aspects of the project are addressed properly
  • Utilize automated credit calculators
  • Conduct an employee screening process
  • Receive technical guidance and support that includes up-to-date tax laws

Project management software is highly useful for CPA firms working to transform the capture of tax credits into a collaborative effort with a focus on detailed project tracking. Not only does it become easier to complete tax project processes, but you and your tax consultant partner share an understanding of documented responsibilities.

Speak with a tax expert today if you have further questions about implementing tax software in your credit process. A tax expert at CTI is able to offer guidance on the best CPA software solution for your firm.

Ready to capture more tax credits with a streamlined, highly efficient process? Learn how increased transparency helps you navigate the R&D credit landscape.

What Can R&D Do For You?  Discover a practical approach to maximizing your federal research and  development tax credit. Download Guide

Topics: R&D Tax Credit

Frances Kim

Written by Frances Kim

As one of the first CTI employees, Frances has held many key positions and has played an integral role in our diversification process. With more than 10 years in customer service and management, Frances’ proven adaptability has enabled her to manage projects for clients ranging from small start-ups to Fortune 500 companies.