TaxPlanIQ Insider

September 2024

September 27th, 2024

Upcoming Events

Strategic Tax Planning for a Secure Retirement

🗓️  October 3, 2024 at 11 am ET / 8 am PT

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

The Great Accounting Debate: Old School vs. New School hosted by Canopy

🗓️  October 08, 2024 at 1 pm ET / 10 am PT

Power Hour with Veracity Adviser's Michael Simms on Leveraged Entity Ownership Strategy

🗓️  October 24, 2024 at 12 pm ET / 9 am PT

Virtual Summit: Your Playbook for Building a
Tax Planning Empire

🗓️  October 25, 2024 at 11am-5pm ET

OUR LIVE SUMMIT IS BACK!

Get ready to transform your tax firm into a high-value advisory powerhouse! Join us for the October Virtual Summit: Your Playbook for Building a Tax Planning Empire. This exclusive event will give you the tools, strategies, and insights you need to elevate your firm’s tax planning services—completely free to attend!

What’s even better? For every 45-minute session you attend, you’ll earn an entry to win 1 year of TaxPlanIQ for free!

Here’s some topics we’ll cover:

• The Impact of Moving from Transactional to Advisory Services
• Marketing Hacks: Why You Don’t Need to Pay for Leads
• How to Close a 5-Figure Tax Planning Client in 30 Days
• How to Implement Strategies & Realize Tax Savings for Clients
• Deep Dive into 7 Advanced Tax Strategies for HNW Clients
• How to Price Tax Planning Services Using the ROI Method

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 weekly on Thursdays at 2pm ET / 11am 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.

September Enhancements in TaxPlanIQ

At TaxPlanIQ, we're committed to continually improving our tax planning software to better serve our customers. We're excited to announce new features, bug fixes and continue additions to our suggested tax strategies.

NEW FEATURES:

• More Preferred vendors added

• Removed confusing "Detailed Calculation" area on the Projection asset tab

• New "Uploaded Date" column on DRAFT CLIENT page. And columns First Name, Last Name, and Plan Name can be sorted to make things easier to find.

BUGS FIXED:

• Corrected several tax savings calculation errors for reports.
  NOTE: We have also removed the REPORT PDF download capability in favor of the REPORT WORD download, which can then be easily edited and converted into a PDF file as desired.

• Made sure Report details are showing

• Eliminated duplication of fees and strategies

• Several Presentation fixes around logos and formatting

• Fixed Client Portal to correctly send client emails

• Empty Videos removed

• Fixed ability to send Questionnaire a second time

• Made OCR more robust (fixing "Internal Errors" message)

• Corrected resource links returned by JAIne bot so they are accurate

SUGGESTED TAX STRATEGY IMPROVEMENTS:

• Improved "WHY" description for all suggested strategies

• State Savings now correctly flowing through on suggested strategies

• Improved too many tax strategies being suggested

• Updated some suggested tax strategy plan amounts

• Unconfused Royalty vs. Rental Income strategy suggestions

• Added the following Tax Strategies:

  • Dividends Strategy

  • ROTH IRA and 529 plan for kids

  • Accelerated Depreciation Strategy

  • Meals & Entertainment Deduction

  • Home Office Deduction

  • Penalty Abatement

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.

Did You Miss The Webinar?

If you didn’t get a chance to catch the State of the Profession: From Recruiting to Acquisition to Finding a Succession Plan webinar, no worries—we’ve got you covered! Hosted by Jackie Meyer and featuring Geoff Bruskin, this webinar was packed with invaluable insights for firm owners looking to grow, scale, and plan for the future.

From recruiting top talent to structuring a smooth succession plan, this session is a must-watch for anyone serious about the future of their accounting firm.

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