Aicpa 2014 tax software survey

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. Overall, respondents rated their software an average of 4. 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. We are the american institute of cpas, the worlds largest member association representing the accounting profession. Ultratax cs, lacerte, cch prosystem fx, drake, proseries, atx, and. On another front, cpa firms use of cloud services has grown since 2014. 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. Prior to that, the indexs last record high was 78, set in the fourth quarter of 2014. 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. The irs clarifies that business meals generally continue to be. Some 56 percent of all firms surveyed said they use cloudbased software, up 17 percent from two years ago.

With more than 65,000 practices choosing proseries for tax year 2012, proseries is the leading professional tax software on the market today. 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. Aicpa amends standards on comfort letters cpa practice advisor. Professional liability aicpa member insurance programs. The exhibits show detailed answers for eight of the 15 products included in the survey. Ensuring success 2014 management of an accounting practice. 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. According to the map survey, most firms have increased net client fees up 4. Aug 18, 2014 the american institute of cpas has released its annual survey of the software cpas used to prepare 20 tax returns. Tax software survey september 2015 each year, the journal of accountancy and the tax adviser team up to survey aicpa members in. This was the highest ranking among comparable tax software packages.

Some changes from 2012 to 2014 may be an artifact of the different firms who completed the survey. Apr 06, 2018 the 90question survey launches every october and closes in january. This means that cpas must go out of their comfort zone to get a deeper knowledge of business analytics and business intelligence software. The cpa outlook index cpaoi rose to record 79 in the. A joint project of the journal of accountancy and the tax adviser, the survey was. 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. Running out of money is top retirement concern, says aicpa. Banking, finance and accounting business accounting accounting software financial software usage software tax consultants surveys. Of the 187 respondents, 91% rated at least one tax preparation software package, and 19% evaluated two or more products. Aicpa survey says client accounting on the rise for all firms. Tax and audit continue to be the number one and number two revenue categories, but client accounting demonstrates growing.

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. Software is an essential tool for driving efficiencies and profitability in a cpa firm tax practice. Cpa firms show increase in fee revenues tax pro center intuit. 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.

Five software vendors win top honors in cpa firm survey. 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. Practitioners select software based on various factors, including price, ease of use, scalability to practice size, technology features, and technical support see 2014. 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. In the tax software survey, 63% of respondents report that one or more of their clients had been victimized by taxidentity theft this year. Aicpa survey says client accounting on the rise for all. The summary provides financial and other key benchmarking data from the survey.

The american institute of cpas has released its annual survey of the software cpas used to prepare 20 tax returns. A joint project of the journal of accountancy and the tax adviser, the. 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. Incidentally, the current survey marks the 15th year. Invitations to participate in the cpa journal 2016 tax software survey were emailed to approximately 9,000 nysscpa members with an interest in tax. 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. 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 fourth quarter, from 77 in the third quarter. 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. In the aicpa journal of accountancy survey, proseries received a ranking of 4. How to help clients manage sales tax risk duration. Software users also should be aware of maintenance requirements and risks of use.

With each fielding of the aicpa pcpstscpa map survey, different firms respond. May 27, 2015 ensuring success 2014 management of an accounting practice the aicpa map survey results. 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. American institute of certified public accountants by the tax adviser. The survey contains multiple choice questions designed for accounting, tax and bookkeeping professionals working in firms of all sizes. 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. For 2014, representatives from almost 1,750 cpa firms were asked details about their latest fiscal year financial results. In the aicpa journal of accountancy survey, proseries. Tax reform update slides greater washington society of cpas.

This survey was conducted for wolters kluwer, cch by toluna, a major market research company in conjunction. 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. Ultratax cs, lacerte, cch prosystem fx, drake, proseries, atx, and cch axcess tax. The irs clarifies that business meals generally continue to be 50% deductible, as aicpa recommended. Aicpa survey says client accounting on rise for all firms. Aicpa celebrates 25 years of top technologies for cpas. Powered by advanced cloud technology, the vertex solution provides sales and use tax automation across the board to support clients and ensure compliance. 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. 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. 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. Overall ratings were slightly higher than average for drake and ultratax cs. 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. Incidentally, the current survey marks the 15th year it has been conducted, and the 10th year for the online format. For example, in 2014, a lower proportion of survey than in 2012.

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. 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. These differences can have significant impacts on observed metrics. Aicpas comments on tax reform act of 2014 january 2015. Try intuit proseries tax software for professionals.