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Turn Your 1040 Review Process into a Profit Center This Tax Season

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • MRTP
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

There is simply not enough time in a normal compressed tax season, and if 2020 was any indication, this tax season is going to be another challenging one for tax professionals and their team members.

We have an enormous opportunity to address an area of our workflow that has yet to be transformed- the 1040 review process- to deliver more productive and profitable outcomes to our practices.

In this session, we will explore how to re-think your 1040 review process this tax season to effectively develop the foundational “PPP” of your firm (PEOPLE, PROCESSES, and PRODUCT). Strategies shared in this session will drive 5 positive outcomes for your firm: 

  • Staff retention
  • Workflow
  • Increased time at the higher billing rate levels
  • Accuracy
  • No bottlenecks at final review

Learning Objectives

  • To identify the tasks of reviewers
  • To explore easy takeaways for preparers to do a higher quality 1040 tax return
  • To recognize how to empower reviewers to train preparers
  • To Implement an effective method to hold preparers responsible for the quality of what they do
  • To explore how reviewers should be trained to review returns

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Bookkeepers & Accountants & Tax Preparers
  • Chartered Professional Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Taxes for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0363)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Related Matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00360-20-O)
  • 1 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
  • 1 CE Credit of Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00360-20-O)
  • 1 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00360-20-O)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

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 maintenance 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.

NASBA APPROVED

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 through its website: www.NASBARegistry.org.

CTEC APPROVED

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

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Pat Roberts, CPA (US)

President, TaxExact, Inc.

With more than a decade of experience as a CPA and founder of Roberts Accounting CPAs, P.C., Pat is a strategic visionary committed to helping CPAs focus more of their time proactively advising clients. What began as proprietary software Pat created to grow his own firm exponentially led to the development of TaxExact for accountants. As his own CPA firm continues to grow, Pat has developed a passion for helping other firms transform the 1040 review process to save time, ensure accuracy, develop staff, and uncover advisory opportunities. A family man at heart, Pat also enjoys plenty of time outside of work with his wife and 3 young children.

About Company

TaxExact, Inc.

taxexact.com/

TaxExact, Inc. was founded in 2020 to transform the 1040 review process and help tax professionals gain time and tools to identify advisory opportunities.

TaxExact is the only tax verification tool on the market that transforms the review process and reduces staff burnout. Until now, the focus has largely been on automating the tax preparation process. This patent pending technology works seamlessly with your existing tax software to shorten the entire 1040 review process for tax professionals. 

TaxExact verifies the accuracy of every return, dramatically reduces review time, and develops staff to increase retention. With an intuitive user experience and built in workflow, you’ll also be able to identify key indicators in a return that can lead to advisory services.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.1

460 Ratings

Excellent

179

Very Good

167

Average

85

Poor

20

Terrible

9

PM

Pamela Mcculre

Dec 29th, 2020

Since public speaking is something I do, it would be nice if the speaker would not fill moments of silence with "work whiskers", i.e, "uh" and "um". Other than that, it was a very good seminar.

MK

Mary Kelso, RIA, RTRP

Jan 16th, 2021

The instructor was knowledgeable and gave me a lot to think about. His double check 1040 program would save time and give me peace of mind when finalizing a return.

SR

Shae Reed, Accountant

Dec 29th, 2020

I think Tax Exact looks like an efficient program that could be useful to our firm as we grow in the future.

DR

David Richardson, Tax Professional, RTRP

Jan 15th, 2021

What a great idea and an apparent successful program for a firm of more than 2 preparers.

BM

Brittany Montgomery, CPA (US)

Dec 29th, 2020

Good webinar, learned a lot about maximizing time/money in the review process.

Turn Your 1040 Review Process into a Profit Center This Tax Season

FREE

1 Credit

Subject Area

Taxes

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