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

4.1 (58)

Aundray Philip D’silva

Ace Cloud Hosting

Friday, February 26, 2021 | 11:00 AM EST

  • AFSP
  • CITP
  • CPA
  • EA
  • Tax Pros
  • CTEC

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) of Information Management for all CITP (AICPA)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

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.

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?

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals

Testimonial

4.1

(58)
43%
34%
14%
9%
0%

BK

new learning

IB

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

QL

It's a great platform for learning

HS

n/a

NNS

MyCPE is doing their best to equip every Tax professionals, but some time can be disappointed.

VG

Very informative. Wish instructor had done a demo of what happens.