TaxCalc

TaxCalc Practice Management is a software solution designed to streamline and optimize the operations of accounting and tax firms. It caters to a wide range of business sizes, from small start-up firms to larger established practices. This versatile tool is utilized by professionals in various industries, including accounting firms, tax advisory firms, bookkeeping firms, audit firms, and financial consulting firms.

Key Features

Practice Manager Plus: According to the vendor, this feature offers a range of tools, including SimpleStep checklists, statutory deadline management, dashboards, practice-wide reporting facilities, and more. It is particularly beneficial for growing firms and essential for larger ones, providing control over client management, task management, mail merge, tax questionnaires, reports, widgets, and multiple offices.

Practice Manager: The vendor describes this feature as an administrative powerhouse that efficiently organizes clients, workload, and staff. It includes client management with a customizable client list, data mining capabilities, custom fields, report manager, mail merge, client questionnaire, and more. It is included as a standard feature in TaxCalc Practice Management and is suitable for both start-up and established practices.

Communications Centre: The vendor states that this feature enhances client communications by enabling email communication from within TaxCalc, pre-populated with client and tax data. It allows for bulk communications to targeted client lists and automatically generates record requests and reminders. The Communications Centre aims to improve efficiency and organization in client communication.

Time: According to the vendor, this feature tracks chargeable and non-chargeable activity, providing in-depth reports for client profitability and staff performance. It offers visibility into time spent on different tasks and clients, aiming to optimize time management and improve productivity within the firm.

Document Manager: Powered by SmartVault, this feature provides secure storage, sharing, and management of client documentation. It allows for remote access to client documents and offers an easy-to-use solution for organizing and accessing client files. The Document Manager aims to facilitate efficient document management and signing processes, enhancing document security and accessibility.

AML Centre: According to the vendor, this feature helps accounting firms protect their business by assessing risks, maintaining records, performing client due diligence, monitoring clients, and reporting any fraudulent activity. It aids in compliance with anti-money laundering regulations, aiming to ensure adherence to best practices and regulatory requirements. The AML Centre provides tools for client risk assessment and ongoing monitoring.

GDPR Centre: The vendor states that this feature assists accounting firms in managing and demonstrating compliance with the General Data Protection Regulation (GDPR). It enables firms to stay in control of data protection and privacy, providing tools for managing data subject requests, data breach management, and data protection impact assessments. The GDPR Centre aims to support ongoing compliance with GDPR regulations.

Tax Return Production: According to the vendor, this feature enables efficient and accurate production of tax returns. It provides tools for data entry, calculations, and validation of tax returns, aiming to ensure compliance with tax regulations and guidelines. The Tax Return Production feature aims to streamline the tax return preparation process.

VAT Filer: The vendor claims that this feature simplifies the process of filing VAT returns. It allows for easy data entry and calculation of VAT amounts, providing validation checks to ensure accuracy and compliance. The VAT Filer aims to facilitate the electronic submission of VAT returns to tax authorities.

Accounts Production: According to the vendor, this feature streamlines the process of preparing financial statements and accounts. It provides templates and tools for data entry, calculations, and reporting, aiming to ensure compliance with accounting standards and regulations. The Accounts Production feature generates professional-looking financial statements for clients.