Randy Johnston, MCS, MCP

1040 Workpaper Software Makes Personal Tax Easier

Column: From the Trenches

By Randy Johnston, MCS, MCP

Article Tools


 

• Makes it easy and affordable for firms of any size to gain the benefits of 1040 workpaper software. GruntWorx automatically scans, identifies, organizes and bookmarks client tax documents for as little as $1 per return. GruntWorx is the most affordable for smaller firms and tax operations.
• Is web-based, making it easy to deploy. There’s no software to install, and the application only requires a web browser for use. It features a simple, intuitive user interface so anyone can become productive quickly.
• Many tax firms lack the resources and time to implement a paperless process. GruntWorx makes it easy and affordable to take the initial steps to achieve the benefits of a paperless process with a tax document automation solution.
• Uses biometric pattern recognition and machine learning to improve classification ability. Delivers greater than 97 percent accuracy in identifying tax documents. Uses pattern recognition to improve classification ability.
• Outsourced with very redundant and secure communications with lots of scalability and the same class of encryption used in banking. At the time of this writing, GruntWorx is the only tax document automation solution to support the new VeriSign Extended Validation SSL standard for encrypting data over the Internet.

As you already know, one of my key mantras for 2008 is to simplify. 1040 workpaper organization products continue to improve each year, and they do the work with automation and minimal human labor. If you have simple W-2 1040s as the primary part of your practice, these products will be of minimal help. However, if you have more complex tax return clients, you will find that the organization and bookmarking (scanning & organizing) will be worth it alone.

However, as the products advance and can enter more data into more systems (scanning & populating), you will be amazed that technology can work this well. Most of the competitors have a trial version available. Select a simple 1040, two complex 1040s and seven medium difficulty 1040s to run through the process. Look at the results, and see what 1040 workpaper software can do for you!

 


[Get Copyright Permissions] Click here for copyright permissions!
Copyright 2010 Cygnus Business Media


Submit a Comment

Name: *
Subject:
Location:
  (display Email: )
 
 
Enter the characters you see in the image:
 
 
 
   
* = required
(comments will appear after this article, as well as on our Readers Respond Page)