2012 review of professional tax preparation systems

During the past few years, some tax and accounting professionals — and even some thought leaders — have started to wonder openly about the profitability of tax preparation services. While tax compliance for individuals remains a major revenue center for most small and mid-sized practices, other services have been taking some of the spotlight off of taxes.

Over the past several years, the most significant advances in tax preparation systems have come through what has been collectively called “tax document automation.”

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Editor’s Note: This review section focuses on traditional tax compliance systems for small and mid-sized firms. This year’s review of “advanced workflow” systems is at www.CPAPracticeAdvisor.com/10668560. Our definitions of these categories is at the end of this article.