TaxPlanIQ Insider

February 2025

February 28, 2025

Upcoming Events

Discover C-Corp Perks and Stock Incentives You’re Missing

🗓️  March 6, 2025 at 11 am ET / 8 am PT

* Growth Plan Subscribers visit the Growth plan tab for Free Course Access

Real Estate Development with a Charitable Option Donation (Fee Simple) Power Hour with Vistia Capital

🗓️  March 20, 2025 at 1 pm ET / 10 am PT

VOTE FOR US! 🗳️

Vote for TaxPlanIQ in this year's
CPA Practice Advisor Readers' Choice Award!

We are found on Question #2 inside the survey called “Tax Planning Systems”.

Click here to cast your 2025 CPA Practice Advisor Reader’s Choice vote.

• If you want to move quickly through the survey, click "n/a" on all the other questions and answers if you need to go quickly.
• When you get question #35, be sure to cast a vote for The Concierge CPA podcast!

Why cast your vote for TaxPlanIQ ?

• We've helped accounting professionals generate over $1 BILLION in tax savings for their clients
• Our average user saves hours on each tax plan while delivering an average of $40,783 in client savings
• We're constantly innovating based on YOUR feedback

Your vote is a powerful way to recognize the tools making a difference in the profession AND to help us!

REMINDER: Weekly TaxLabs

Don't forget to join our weekly TaxLabs -- these are sessions exclusively for TaxPlanIQ subscribers to ask anything from strategy-specific questions to firm operations and everything in between. 

If you have not attended one of our weekly Tax Labs or have recently had a refresher on all the software can do for you, now is the time! TaxPlanIQ subscribers can join us on the first three Mondays of the month at 1pm ET / 10am PT as we review tax strategies and plans. If you'd like to attend any upcoming sessions, please register HERE or click the button below.

February Enhancements in TaxPlanIQ

At TaxPlanIQ, we are committed to continuously improving our tax planning software to better serve our users. This month, we're excited to introduce key feature updates and enhancements designed to streamline your experience and maximize efficiency.

Welcoming Our New CTO!

We’re thrilled to welcome Chris Smith as our new Chief Technology Officer (CTO) at TaxPlanIQ! Chris brings extensive experience in technology leadership and will oversee new product capabilities, technical support, security, and reporting. His expertise will help drive innovation and ensure TaxPlanIQ remains the leading tax planning solution for professionals.

New Features & Enhancements:

Major Updates to the Growth & Event Tabs

We've made significant improvements to how you interact with key areas of the platform:

• Event Tab: Redesigned to make it easier to view and register for upcoming events at a glance.

• Growth Tab: Streamlined for better organization and clarity, making it simpler to track events and engagement opportunities.

The ROI Method of Value Pricing® Fully Integrated Into Fees

We’ve made it easier than ever to incorporate The ROI Method® into your tax plans. From the dashboard, click to + Upload Document and give jAIne a client's Form 1040 PDF:

• After suggesting over 50 strategies automatically in seconds, you’ll be taken directly to an ROI Fee page to choose the Type, Suggested Fee, and any Adjustments—all within the same workflow. 

• This update eliminates the extra step of manually adding fees later & suggests a value priced quote. For more education on Jackie's method, visit taxplaniq.com/ROI-method.
  

• For existing plans, clicking "Add Fees" from the Plan Input Tab will now bring up this improved fee selection screen.

Additional Enhancements:

• State Taxes Auto-Filled: When uploading a 1040, the system now automatically detects the state and pre-fills relevant state tax details.
• "What You Keep" Page Updates: Improved layout with clearer, more intuitive editing options. Note: further updates are in progress to improve this page.

• New Market Growth Rate Assumption: A default 5% market growth rate is now factored into 529 and Roth IRA tax strategy calculations, reflecting tax-free annual market growth.
• Strategy Information at a Glance: Each Suggested Tax Strategy now includes an info button with a brief explanation for easy reference.

• 2025 Plan Year Ready: The system now defaults to the 2025 plan year, with the ability to adjust as needed.

Ongoing Improvements:

• Tax Strategy Updates for 2025: We have updated all strategies with 2025 figures.
• Refined Tax Suggestions: Duplicate itemized deduction strategies have been removed for cleaner, more precise recommendations.
• Archived Strategies Hidden in RAP: Only active strategies will now appear in the RAP workflow.
• User Experience Enhancements: Font and display improvements ensure a clearer, more professional interface.
• Expanded 1040 Compatibility: Continued improvements to 1040-SR form reading accuracy.
• Presentation Word Download Upgrades: Enhancements are in progress and will be released soon.

These enhancements represent our ongoing commitment to delivering a comprehensive, user-friendly tax planning software. We're dedicated to providing tools and features that empower users to navigate the complexities of tax planning with confidence and ease. Stay tuned for more updates as we continue to evolve and improve our software to meet your needs effectively.

As a valued customer, we always appreciate your feedback. Please follow the below steps if you would like to easily submit feedback or request a new feature inside of the TaxPlanIQ software:

1. Open your TaxPlanIQ profile and click the "TaxPlanIQ Hub" icon at the bottom left. 
2. Share your thoughts. You can share what you like, what could be improved, or any new ideas.
3. This reaches our TaxPlanIQ Team