K2's 2023 Automating Your Tax Practice

Overview

Automating the tax practice is – or should be – a major initiative of almost all public accounting firms today. From ingesting data, processing returns, distributing draft and final copies, and billing and collecting fees, practitioners have outstanding opportunities to automate their tax practice. Those that choose to automate will experience the benefits of reduced staff turnover, increased productivity and efficiency, fewer errors, and improved cash flow.

Participate in this session to learn the “how’s and why’s” of automating your tax practice. This session includes critical topics such as hardware and software options, workflows, and security and privacy issues. Plan to join us in this session to position your tax practice for greater success! 

Highlights

• Why tax automation is essential
• Hardware and software selection
• Workflow design
• Best practices for ingesting data

Prerequisites

Fundamental understanding of tax return processing

Designed For

Firm partners, principals, managers, and practitioners interested in improving productivity and profitability in their tax practices

Objectives

• Identify key tax return preparation processes that you can automate
• Differentiate between various hardware and software solutions you can use in your automation efforts
• List examples of workflows that automation will affect
• Estimate the budget for your automation efforts and the related ROI

Preparation

None