Tax season 2023 is quite a tussle for business owners and tax professionals. Whether it is about preparing taxes or filing returns, there are strict deadlines one cannot ignore. If you can feel the chaos while working for different clients and preparing taxes, you might already be using tax software. However, in some cases, handling tax submissions via the software does not seem to work.
Want to get more things done in less time during the tax season? Then, now is the time to switch to tax software hosting. Irrespective of the tax software you work on – Drake, Lacerte, UltraTax, etc., you can host it via a third-party cloud hosting provider.
Before you do so, let’s take you through the benefits you can avail of with tax software hosting.
- Improved productivity of your tax staff
While working for different clients for their tax preparation needs, you and your team members cater to two primary responsibilities: work flawlessly for potential clients and maintain excellent service quality for the existing clients. Therefore, it is fair to assume you get less time to fulfill their expectations during the tax season even after working at your maximum capacity.
Tax software cloud hosting can help you in saving ample time that can be used to deal with diverse client requirements. Whether it is about software upgrades, cloud infrastructure maintenance, or security standards, the chosen cloud provider will take care of it all, allowing you to focus on work these days.
- Self-service capabilities for your clients
One of the most time-consuming tasks related to tax preparation is sharing tax files with the clients for approval or modification wherever required. When these files are hosted on local computers, you have no other option but to share them with clients via email. Unfortunately, this creates a pile of intermediary files at both ends that are neither useful nor discardable.
With cloud-hosted tax software, this file-sharing aspect can be streamlined. You can provide authorized access to your client’s data hosted on a cloud server, enabling them to edit or review it only. This saves time that you can utilize for other tasks. Besides this, you will also get anytime-anywhere access to the data to work on any urgent task.
- Easy tapping into new client markets
Tax software hosted on the cloud also enables tax professionals to offer services to clients that are based in distant locations. Since most of the work has become cloud-based, there is no significant need for frequent in-person meetings or physical document sharing. You can prepare and file their tax returns more efficiently using your expertise in taw and other related laws.
Think of this as the bright side of the busy tax season, with opportunities to take on new clients and expand your business.
- Quick scalability of resources
When data and tax software are hosted locally, expanding your business means increasing the on-premise IT infrastructure. With a more extensive infrastructure comes a more considerable responsibility for upgrading, security, and maintenance, which takes time, effort, and investment. If you want to benefit from the easy scalability of IT resources while also catering to these three sides – save time, invest the least effort, and require the optimum amount upfront, tax software hosting is meant for you.
Tax software hosting providers like Verito Technologies offer scalable cloud infrastructure to help you handle large volumes of tax data during tax season. This way, you can leave your computing worries aside and let the cloud provider shoulder them carefully.
- 24x7x365 support
Hosting your preferred tax software on the cloud also allows you to benefit from accessing hosting support at your convenience. This is quite important because you may need experts to assist you if you face any hosting-related issues during business or non-business hours. Failing to get that support level undermines the reason for switching to the cloud.
The bottom line
Handling peak tax season requires you to be prepared for it in advance. However, with the help of tax software hosting solutions, you can easily get an edge against the competition and gain more clients.