Corvee Tax Planning

Corvee Tax Planning is a tax planning software designed for accountants, tax preparers, and financial advisors. According to the vendor, this tool allows professionals to analyze a client's financial situation and apply strategies to minimize their tax burden legally. Corvee Tax Planning caters to firms of all sizes, from small accounting practices to large financial advisory firms. It is commonly used by accounting firms, tax preparation firms, financial advisory firms, tax attorneys, and enrolled agents to streamline tax planning processes and optimize tax efficiency for their clients.

Key Features

Multi-Entity Tax Planning: Corvee Tax Planning offers a multi-entity tax planning feature that allows users to view a client's tax scenario across all entities in one consolidated tax calculation. Users can analyze the impact of entity changes on taxes and make informed decisions on the most tax-efficient structure for their clients, according to the vendor.

Entity Optimization: Corvee Tax Planning provides entity optimization tools that help users model the impact of entity and compensation changes on tax efficiency. Users can compare different entity types and see how each change affects taxes across various forms and jurisdictions, as claimed by the vendor.

Tax Calculation: Corvee Tax Planning software enables users to estimate taxes owed at the federal and state levels across multiple years. It supports federal, state, and local forms, and the calculations are based on hundreds of form inputs for maximum accuracy, according to the vendor.

Smart Questionnaires: Corvee Tax Planning simplifies data collection with smart questionnaires that adapt to client inputs. Users can gather client data through tax return scanning and questionnaires, which delve deeper when needed and omit unnecessary questions, as stated by the vendor.

Tax Strategies: Corvee Tax Planning offers a continually updated database of over 1,500 tax strategies to help users minimize taxes. The strategies cover a wide range of areas, including maximizing deductions, legal entity structures, retirement planning, insurance and asset protection, niche-specific strategies, advanced strategies, and more, according to the vendor.