CPAs and tax professionals are looking for ways to adapt to the fluid business landscape. In recent years, automation has been a trending buzzword in the tax preparation and management industry, especially after the emergence of cloud-based practice management software solutions.
Professionals were still considering automation when the pandemic hit. COVID-19 disrupted global economies and created bizarre changes that hastened digitization across every industry. Hence, putting all other factors aside, the pandemic has been a critical factor in hastening digital transformation in the industry.
The sudden industry-wide digitization has ushered us towards the new normal in which you need automation more than data collection. Automation will amplify your collective capabilities and improve efficiency and client satisfaction.
Perhaps, you will find a quicker solution for automating and speeding up the task creation process, eliminating the need for manually creating tax preparation tasks whenever a client uploads their documents.

This is where AccountantWS, the world’s first cloud-based practice management platform for tax professionals to feature autogenerated tax workflow, comes in. In this post, we’ll share what this unique feature is, its benefits, and how it can help CPAs and tax management firms improve efficiency and client satisfaction.

How Autogenerated Tax Workflow Reduces Administrative Tasks

One of the biggest pain points of CPAs and tax management firms is spending a huge chunk of their time on routine data entry and administrative tasks. While most cloud-based practice management software offers digitization through document upload, that’s often where their functionality ends.
AccountantWS’ autogenerated tax workflow feature takes automation one step further. It allows users to automatically create a task when a client uploads a document (for a specific tax year) for tax filing on both the user and administrator end.
Every other software in the market requires accountants or tax professionals to create tasks for every client manually, so you can imagine how stressful this can be for firms dealing with hundreds of clients.

Benefits of Autogenerated Tax Workflow for CPAs and Tax Management Firms

Autogenerated tax workflow by AccountantWS is regarded as the next big thing in tax digitization and automation. Here are some of the main benefits this unique feature brings to the table:

1. Expand Your Clientele, Not Your Workforce

Tax management firms are growing by entering new markets, adding more sales channels, or adding more services, and so is their need to hire more employees to manage the workload. Automation may decrease some of the tax complexity, but you'll still need CPAs or tax professionals to create client tasks manually.
Autogenerated tax workflow eliminates this process, thus, giving your team more time on their hands to efficiently manage the increased workload. You can foster more personalized management with fewer employees and look for more creative ways to scale your business. In the meantime, your cloud-based practice management platform automatically prepare and organizes tasks for uploaded documents.

2. Automatic Integration of Operations

Modern tax management firms are looking to digitize and automate every critical aspect of their operation to foster a digital, and paperless workspace. Autogenerated tax workflow optimizes process efficiency for CPAs by automatically integrating multiple operations on the same platform.

3. Reduce Errors

CPAs are only human, which means that they’re prone to errors, especially when switching through multiple tabs and manually inputting client information while creating their tasks. Errors in tax paperwork are not only costly but can be disastrous. With autogenerated tax workflow, you can automatically extract, format, and transition client tax documents, such as tax, finance, and sales, from their end without any errors and omissions, thus, improving accuracy and saving time, stress, and money.

4. Build a Roadmap for Future Tax Preparation and Management

The business landscape is rapidly changing, so you need a tool that allows you to keep an eye out for new trends, technologies, and resources while carrying out your daily tasks and duties.
Using AccountantWS and its autogenerated tax workflow feature could speed up your tax filing processes, allowing you to spend more time on planning ways to reduce capital expenditures, staying on top of compliance regulations, and keeping pace with clients, competitors, and the market.

5. Improve Client Satisfaction

At the end of the day, a CPA or tax firm’s goal is to grow in revenue and reputation, and one of the fastest ways to do that is by improving client satisfaction. In the digital age, speed matters, and clients are willing to pay more for faster filing services. Autogenerated tax workflow eliminated one vital but extremely time-consuming process, which ultimately speeds up the overall process, thus, improving client satisfaction.

6. Standardization of Tax Documents

Tax documentation is different across every tax firm and jurisdiction. This makes it more difficult for clients to comprehend the legal process and paperwork fully. Autogenerated tax workflow automatically creates filing tasks according to the client's specific tax situation, making the process self-explanatory across every step. This feature also reduces the chances of errors and misfiling as clients that are more aware of the tax documents and processes are less likely to make mistakes during the upload process.

Automate Task Creation with AccountantWS

In this ever-evolving age of technology, CPAs and tax management firms are looking for a single solution that can digitize and optimize every aspect of their tax workflow. They want digital solutions that can extract client data, transform it into a centralized application, and store it into the cloud under state-of-the-art security and backup technologies.