Intuit Accountants Tax Preparation for 2023 has Comprehensive Product Updates

by | Nov 20, 2023 | Blog

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Intuit Accountants has announced significant updates to its suite of tax preparation products aimed at the 2023 tax year. These enhancements to Intuit Tax Advisor, Intuit ProConnect Tax, Intuit Lacerte Tax, and Intuit ProSeries Tax are designed to streamline workflow and provide advanced insights and reporting capabilities for tax and accounting professionals.

Enhancements Tailored for Efficiency and Success

Jorge Olavarrieta, VP of Product Management and Design at Intuit emphasizes the company’s commitment to innovation. “We are committed to providing the best resources to tax and accounting professionals so they can focus on what matters most today while investing in solutions that will power the future of the profession,” says Olavarrieta. These updates reflect Intuit’s focus on equipping professionals with cutting-edge resources to navigate today’s challenges and future-proof their practices.

Key Updates Across Intuit’s Product Range

  1. Intuit Tax Advisor:
    • Client OneView: This feature allows previews for up to five clients simultaneously, providing insights into potential tax savings and strategy options.
    • State Tax Analysis: Expands capabilities to include primary state returns, enhancing precision in state planning.
    • Strategy Insights: Updated strategies offering customized tax plans.
    • Visibility into Tax Savings: Detailed calculations for implementing tax-saving strategies.
    • Worksheets Experience: Assists in evaluating qualifications for various tax items.
    • Strategies for Real Estate and Like-Kind Exchange: Tailored strategies for specific taxpayer scenarios.
  2. ProConnect Tax:
    • IRS Transcripts Direct Access: Reduces client back and forth by directly pulling data from the IRS.
    • Customized Client Letters and Firm Performance Insights: Enhances client communication and provides insights into firm performance.
    • Task Accelerators and Custom Print Settings: Streamlines workflow with automated features.
    • Batch Extension eFile and Hot Keys: Increases efficiency in filing and navigation.
    • Intuit Link Client Reminders: Ensures timely client participation.
  3. Lacerte:
    • SafeSend Integration: Directly sends returns to SafeSend for efficient delivery.
    • Simplified Intuit Tax Advisor Plan Creation: Streamlines tax plan initiation for clients.
  4. ProSeries:
    • Hosting Onboarding Automation: Facilitates the transition to an online environment.
    • TurboTax Online Import: Simplifies the transfer of TurboTax returns.

Future-Ready Enhancements

Coming soon features, such as Net Operating Loss Carryforward, Prep for Taxes, 1040 Direct Data Import, K-1 Package Delivery, Financial Institution Download, and eSignature, are anticipated to further revolutionize the tax preparation experience for professionals.

Implications for Small Business Accountants

For small business accountants, these updates represent a significant opportunity to enhance efficiency and provide superior service to their clients. The new features enable more precise tax planning, streamlined workflows, and better client communication, ensuring that small businesses can navigate the complexities of tax preparation with greater ease and accuracy.

Intuit Accountants’ latest updates reflect a thoughtful response to the evolving needs of tax and accounting professionals. By incorporating feedback and prioritizing innovation, Intuit continues to position itself as a leader in financial technology, offering solutions that empower professionals and their clients in the dynamic world of tax preparation.

Image: Envato Elements



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Are Your Employees Quietly Quitting?

Are Your Employees Quietly Quitting?

by | Nov 20, 2023 | Blog

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You may have heard the term “quiet quitting,” where a team member has effectively given up on their job and is doing as little as possible just to get by in your company.  This trend reflects significant shifts in employee behavior and attitudes in the modern workplace since the COVID pandemic ended. This is happening in part because employees across the globe are reporting feeling disengaged and unappreciated on a daily basis as they work remotely and come back to the office.

employees quietly quitting

On The Small Business Radio Show,  I discussed a new survey from Bastion Agency with its CEO, Dax Cornelius. He also served as a US Air Force officer and highly decorated F-16 combat fighter pilot. Dax brings a wealth of M&A, sales, and branding expertise, leveraging prior experience with Air Force branding initiatives and having generated more than $1 billion in sales and product launches.

Dax discusses his organization’s new study that promises to reshape the understanding of work dissatisfaction and its implications on individuals and organizations (and what to do about it!).

We discussed:

  1. How the global pandemic and other external factors influenced the trends described in the study, such as the “great resignation” and the rising threat of AI.
  2. The insights into the key findings of the Bastion Transform study regarding employee satisfaction and expectations in the workplace.
  3. How the workplace challenges discovered impact a business’s ability to attract and retain talent.
  4. The three crucial aspects identified by Bastion Transform for employee engagement and productivity—Clarity, Empowerment and Mindset and how companies effectively can implement these principles.
  5. How Bastion Transform’s program aim to help organizations navigate these challenges and create high-performing teams in the ever-evolving work environment which is still evolving.

Listen to the entire interview on quiet quitting and the solutions for employee engagement on The Small Business Radio Show.

Image: Dax Cornelius



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Wix Introduces Advanced AI Chat for Personalized Business Solutions

by | Nov 20, 2023 | Blog

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Wix.com Ltd. has unveiled an innovative conversational AI chat feature. This new tool is designed to engage users from the moment they join Wix, offering a more intuitive and personalized experience in setting up their online business.

Dynamic Interaction for Tailored Business Profiles

The AI chat employs a human-like conversational approach, dynamically gathering information about users’ businesses through specific questions and follow-ups. This interaction allows the AI to provide recommendations for essential components tailored to each business’s unique needs, including website templates, commerce applications, images, tone preferences, and text.

One key aspect of this feature is its ability to adapt the conversation based on user responses. For instance, if a user specifies their target audience, the AI can generate sample blog posts suitable for that audience. The conversation continues until the AI has collected all the necessary information to build a comprehensive business profile.

Seamless Transition to Personalized Dashboard

Upon completing the conversation, users are directed to a personalized dashboard. Here, they can manage, personalize, and adjust the recommended components before publishing their site. This streamlined process significantly simplifies the task of online business setup, especially for users unfamiliar with web design and management.

Wix’s Commitment to AI-Driven Solutions

Guy Sopher, Head of AI Assistant at Wix, highlights this technology as a critical step in automating business management and enhancing user experience. This latest offering builds on Wix’s history with AI, dating back to the introduction of their Artificial Design Intelligence (ADI) in 2016. The company has consistently expanded its AI capabilities, aiming to maximize AI’s potential in web development and empower users to grow their businesses effectively.

Availability and Access

The AI conversational tool is currently available in English for all new Wix users. This development marks a significant advancement in providing business owners with a unique and personalized setup experience, streamlining the process of creating and managing an online presence.

A New Era for Online Business Management

Wix’s new AI chat experience represents a significant leap forward in the field of web development and online business management. By harnessing the power of AI to offer tailored solutions, Wix is simplifying the process of creating an online presence, making it more accessible and effective for business owners worldwide. This innovation is a testament to the potential of AI in transforming how businesses approach and manage their digital footprint.

Image: Wix



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