Are you read for simplicity, sophistication and security all-in-one when it comes to filing tax returns?
Intuit Tax Online now is Intuit ProConnect Tax Online. Could the name change be the result of Intuit’s efforts to connect this Online Tax product with its QuickBooks Online Accountant platform.
I think so.
As a result, accountants and tax preparers using QuickBooks Online Accountant are not only connected to their QuickBooks Online clients (as well as QBSE clients under that new integration), but they now can be connected via QBOA to all their related tax forms, even for clients not using QBO or QBSE for their bookkeeping.
ProConnect Tax Online
But before we look closer at the new integration, let’s not forget some of the best features of ProConnect Tax Online (PCTO). With PCTO, you can eliminate the manual entry of W-2 data by importing your clients W-2s in just a few clicks. You also can import data for Schedule D of 1040 returns in a jiffy.
PCTO W2 Import feature
You can simplify your client communications and get real time updates, exchange requests and information securely with your clients from within the product, and quickly see what necessary documentation you have and don’t have. PCTO’s eSignature optional functionality helps you eliminate the wait and hassle of getting signed 8878/8879 forms in a totally IRS-compliant format.
PCTO e-Signature Option
PCTO has comprehensive diagnostics to identify mistakes, omissions and reduce eFile and IRS rejections. More than 36,000 diagnostics not only identify issues, but also provide value added suggestions and tips to help you finalize the best returns you have ever prepared.
You easily will view the e-File status of all your clients, and quickly identify any returns that have been rejected. And best of all, you can coordinate all this PCTO activity from within QuickBooks Online Accountant.
QBOA w Tax Clients from PCTO
During tax season, accounting professionals spend approximately five hours per client analyzing their books and performing “clean up tasks” to prepare those books for a tax return.
Only Intuit, with the integration between QuickBooks Online Accountant and ProConnect Tax Online, has simplified the workflow. The integration helps accountants save significant time by creating one place that provides a seamless, end-to-end experience that translates a client’s QuickBooks Online books into a tax return, and then e-files that return without leaving QuickBooks Online Accountant.
With the combined power of QuickBooks Online Accountant and ProConnect Tax Online, multi-service firms gain revolutionary time-saving features, including:
* One place to login and access accounting and tax clients’ data from one client list. Multi-service firms also can view e-file status notifications and bill accounting and tax clients all from QuickBooks Online Accountant.
PCTO Return Status within QBOA
* Auto-populate information from a client’s QuickBooks Online file into a tax return using ProConnect Tax Online. The ability to auto-populate tax returns with one click reduces errors and saves time by eliminating the need to export data into a separate file, and then manually enter and analyze that data for accuracy.
QBOA to PCTO Client Data
* With the help of QuickBooks Online Trial Balance, accounting professionals can view year-over-year variance to help prioritize which returns to review first.
QBOA Trial Balance to PCTO Return
* Link, a free client portal, allows tax preparers to easily and securely gather tax information and connect with clients, accelerating the filing process.
PCTO Client Portal Reminders
“ProConnect Tax Online goes beyond today’s typical functionality and connects accountants to modern tools they need to work efficiently, saving more time and enabling them to connect with their clients in better ways,” said CeCe Morken, executive VP of Intuit’s ProConnect Group. “Only Intuit brings together ProConnect Tax Online, Quickbooks Online Accountant and Link into a single experience to free accountants from the manual processes of today, so they can invest more time helping their clients succeed in ways they did not think was possible.”
Insightful Accountant agrees 100 percent when it comes to Accounting Tip Tuesday’s "Tip of the Week," it’s simple. Energize your practice by combining QuickBooks Online Accountant with Intuit's ProConnect Tax Online..