Aicpa 2014 tax software survey

Aicpa survey says client accounting on the rise for all. These differences can have significant impacts on observed metrics. May 27, 2015 ensuring success 2014 management of an accounting practice the aicpa map survey results. The irs clarifies that business meals generally continue to be. How to help clients manage sales tax risk duration.

Aicpa s private companies practice section pcps partners with on the national map management of an accounting practice survey, which was fielded from midmay through july 2018. Overall ratings were slightly higher than average for drake and ultratax cs. Join mark koziel of the aicpas pcps division and learn key results from the biannual map survey and how they apply to the small accounting practitioners. Tax and audit continue to be the number one and number two revenue categories, but client accounting demonstrates growing. A joint project of the journal of accountancy and the tax adviser, the survey was conducted in mayjune, 2014, with data provided by more than 3,800 cpas and spanning major products. All nc survey was conducted from april 29 through june 2, 2014, and received 3,833 responses from practitioners who indicated that they prepared tax year 20 returns for a fee. In the tax software survey, 63% of respondents report that one or more of their clients had been victimized by tax identity theft this year. Feel free to use these in client conversations, civic activities, or other presentations. Cpa magazine 2014 erp survey question 3rdwave gcm abas erp ability 585 accountmat e for sql acumatica cloud erp adagio accounting adept erp ajera aplicor cloud suite 7 apprise tier 2 2 3 2 2 3 2 2 2 2 system information vendor name blinco systems inc. Running out of money is top retirement concern, says aicpa. Invitations to participate in the cpa journal 2016 tax software survey were emailed to approximately 9,000 nysscpa members with an interest in tax. Apr 06, 2018 the 90question survey launches every october and closes in january. Of the 3,833 cpa respondents who indicated that they prepared tax year 20 returns for a fee, 3,817 predominantly used one of 15 software products identified by the survey.

In this years survey by the jofa and the tax adviser, more than 3,800 cpas assessed the software they used to prepare 20 tax returns. The irs clarifies that business meals generally continue to be 50% deductible, as aicpa recommended. This was the highest ranking among comparable tax software packages. Some 56 percent of all firms surveyed said they use cloudbased software, up 17 percent from two years ago. In the tax software survey, 63% of respondents report that one or more of their clients had been victimized by taxidentity theft this year. The survey listed 12 of the most commonly used commercial tax return software vendors and gave respondents the option of writing in the name of a package not listed on the survey. With more than 65,000 practices choosing proseries for tax year 2012, proseries is the leading professional tax software on the market today.

The summary provides financial and other key benchmarking data from the survey. Software is an essential tool for driving efficiencies and profitability in a cpa firm tax practice. Given the continuing demand for cpa services, theres even more incentive to make sure your practice is working at peak efficiency and youre maximizing opportunities. A joint project of the journal of accountancy and the tax adviser, the. Aug 18, 2014 the american institute of cpas has released its annual survey of the software cpas used to prepare 20 tax returns. Aicpas private companies practice section pcps partners with on the national map management of an accounting practice survey, which was fielded from midmay through july 2018. Some changes from 2012 to 2014 may be an artifact of the different firms who completed the survey. This guide on revenue recognition encompasses the efforts of the aicpa s 16 industry task forces that were created back in 2014 to address industryspecific accounting implementation issues as a result of the issuance of the new standard. Aicpa amends standards on comfort letters cpa practice advisor.

Software users also should be aware of maintenance requirements and risks of use. The 2014 pcpstscpa national management of an accounting practice survey provides some new and valuable ways to assess where your firm stands and plot your future course. Aicpa survey says client accounting on the rise for all firms. Although the survey asked about 15 software products by name, as in past years, only the eight products shown in the exhibits garnered sufficient results for meaningful analysis, i.

If you participated in the survey this year but havent really delved into the results, which became available in november, you definitely want to check them out. Ultratax cs, lacerte, cch prosystem fx, drake, proseries, atx, and cch axcess tax. This means that cpas must go out of their comfort zone to get a deeper knowledge of business analytics and business intelligence software. Cpa firms show increase in fee revenues tax pro center intuit. In the aicpa journal of accountancy survey, proseries. American institute of certified public accountants by the tax adviser. Aicpa amends standards on comfort letters the changes, which take effect december 15, 2014, are meant to address unintended changes to previous practice as a result of its clarity project. Aicpa survey says client accounting on rise for all firms. In the aicpa journal of accountancy survey, proseries received a ranking of 4. On another front, cpa firms use of cloud services has grown since 2014. As in past years, most of the more than 3,500 respondents to the 2018 tax software survey used seven products, in order of prevalence. Practitioners select software based on various factors, including price, ease of use, scalability to practice size, technology features, and technical support see 2014.

Aicpa celebrates 25 years of top technologies for cpas. Incidentally, the current survey marks the 15th year. With each fielding of the aicpa pcpstscpa map survey, different firms respond. This survey was conducted for wolters kluwer, cch by toluna, a major market research company in conjunction. Five software vendors win top honors in cpa firm survey. Tax software survey september 2015 each year, the journal of accountancy and the tax adviser team up to survey aicpa members in. Incidentally, the current survey marks the 15th year it has been conducted, and the 10th year for the online format. Overall, respondents rated their software an average of 4. A joint project of the journal of accountancy and the tax adviser, the survey was. Our history of serving the public interest stretches back to 1887. Aicpas tax team has developed two new individual and business powerpoint presentations on the impact of the new tax laws. The aicpa pcpstscpa national management of an accounting practice survey is conducted every two years by the aicpas private companies practice section and the texas society of certified public accountants. Ensuring success 2014 management of an accounting practice.

Powered by advanced cloud technology, the vertex solution provides sales and use tax automation across the board to support clients and ensure compliance. Sixtythree percent of cpas who answered the tax software survey said at least one of their clients was a victim of tax identity theft in the 2015 filing season. Banking, finance and accounting business accounting accounting software financial software usage software tax consultants surveys. Tax reform update slides greater washington society of cpas. The tti 2014 survey is designed to provide professionals the information they need to offer sound advice for their firms, employers and clients, and customers.

Dec 15, 2014 the 2014 pcpstscpa national management of an accounting practice survey provides some new and valuable ways to assess where your firm stands and plot your future course. The survey contains multiple choice questions designed for accounting, tax and bookkeeping professionals working in firms of all sizes. The exhibits show detailed answers for eight of the 15 products included in the survey. We are the american institute of cpas, the worlds largest member association representing the accounting profession. This guide on revenue recognition encompasses the efforts of the aicpas 16 industry task forces that were created back in 2014 to address industryspecific accounting implementation issues. Aicpas comments on tax reform act of 2014 january 2015. The cpa outlook index cpaoi rose to record 79 in the fourth quarter, from 77 in the third quarter. The american institute of cpas has released its annual survey of the software cpas used to prepare 20 tax returns. Of the 187 respondents, 91% rated at least one tax preparation software package, and 19% evaluated two or more products. For example, in 2014, a lower proportion of survey than in 2012. Prior to that, the indexs last record high was 78, set in the fourth quarter of 2014. Practitioners select software based on various factors, including price, ease of use, scalability to practice size, technology features, and technical support see 2014 tax software survey, page 26. The cpa outlook index cpaoi rose to record 79 in the. According to the map survey, most firms have increased net client fees up 4.