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Why do tax professionals need Cloud Hosted Accounting Software this tax season? 1 Credit

Feb 26, 2021, 11:00 AM ET

Why do tax professionals need Cloud Hosted Accounting Software this tax season? 1 Credit

Learning mode

Live Webinar
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Feb 26, 2021, 11:00 AM ET

Learning Objectives

  • To recognize the need for cloud solutions during the tax season.
  • To identify the challenges tax professionals face and how cloud technology can help.
  • To know how cloud solution can help make tax season less stressful, especially during COVID times
  • To give a better insight into how cloud hosting can solve issues pertaining to challenges professionals face in their daily lives.
  • To examine how cloud enables business continuity even when an unannounced natural disaster occurs.
  • To discuss how business and tax professionals can handle remote working challenges?

Course Overview

Tax professionals of the 20th century believed in traditional tax filing systems. They used notebooks and paper ledgers to store their data and later moved to digital software for the same. However, both these methods had one common problem – they maintained data locally. With time, some drastic technological advancements took place, and the world around us started becoming digital. Now tax professionals and businesses are moving towards cloud accounting and cloud-based tax filing.

Cloud-based tax software is an adaptation that helps to meet the competitive market requirements. Organizations or tax professionals are switching from traditional accounting systems to cloud-based accounting systems to have centralized financial data for tax filing, lower cost of maintenance of servers, authorized access to the system, and on-demand financial summary of the organization. Additionally, they get features like flexibility, agility, scalability, and technical integrations with big data tools. All these features can help tax firms to meet client demands with the utmost ease.

Problems Tax Professional Face During The Tax Season: 

  1. Bringing all Stakeholders on the Same Platform
  2. Security concerns 
  3. Data and file management 
  4. Downtime that leads to business discontinuity,
  5. Lack of time management 

When you migrate to cloud hosting, you can combat all the above challenges. Benefits of Cloud hosting includes:

  1. Cloud-based tax software provides the advantage of no installation and maintenance. Also, other processes such as installing the updates are taken care of by the service provider. 
  2. A cloud-hosted tax system helps report and maintain the tax data at one location and is available only to the authorized personnel. 
  3. The adoption of cloud-based tax software and applications by firms facilitates access to financial data anytime, anywhere via the Internet.
  4. With cloud-based tax applications, accountants get highly customizable accounting solutions to fit the business needs, creating a customized solution and an ecosystem of its own.
  5. Since the data is maintained on cloud-based servers, the need for paperwork goes significantly down in the digital world.

The webinar will shed some light on the benefits cloud computing offers to tax professionals and how it can help to make tax season a little stressful. 

Highlights of the webinar: 

  • Identifying the challenges tax professionals face during the tax season? 
  • How cloud technology can help to make the tax season stress free? 
  • How to secure the client data while using the cloud? 
  • How to eliminate IT hassles and keep up the business continuity?
  • How to be cost-efficient in the operations?
  • What cloud hosting is and what it brings to the table for tax professionals?
  • How can you seamlessly migrate to the cloud without any hassle?
  • How moving your tax software to the cloud can save time & money?
  • Tax Season Pro tips 
  • Learning from our case studies.

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00405-21-O) 1 CE Approved
Taxes for Annual Filing Season Program (AFSP) 1 CE Approved
Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0406) 1 CE Approved
Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00405-21-O) 1 CE Approved
Information Governance for Certified Information Technology Professionals (CITP) 1 CPD Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00405-21-O) 1 CE Approved
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00405-21-O) 1 CE Approved
Taxes for Annual Filing Season Program (AFSP) 1 CE Approved
Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0406) 1 CE Approved
Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00405-21-O) 1 CE Approved
Information Governance for Certified Information Technology Professionals (CITP) 1 CPD Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00405-21-O) 1 CE Approved

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Aundray Philip D’silva

Aundray Philip D’silva

Operations Manager, Ace Cloud Hosting

  • 4.2
  • rating
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Aundray Philip D’silva has over a decade of experience. He is exceptional at articulating solutions across a wide variety of services like Cloud computing and storage, Workload migration, and Cloud management. His expertise in Virtualization and Servers adds significant value to the business.

He has contributed tremendously in implementing seamless cloud migration. He prides himself in being able to turn traditional technology from a necessary evil to a strategic asset  through the development and execution of a customized roadmap.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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IB

Ignacio Burgos, EA

5

The presenter was very knowledgeable is this subject and fielded questions well.

BK

Bansari Kinkhabwala, CPA (US)

5

new learning

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