Product Updates

These are features and improvements we’ve recently shipped and what we’re currently working on, starting next.
March 2, 2022
Enter Prior Year Summary Totals into Summary Screen
Feature

Now you can enter prior year summary totals into the Summary screen when creating a project with no prior year information in TaxExact. This will enable the reviewer to benefit from the Variance analysis.

January 27, 2022
New and Improved Dependents Input Screen
Improvement

Under Client detail, you can now use a new and improved dependents input screen.

Dependent input

January 27, 2022
Net Investment Income Tax (NIIT)
Feature

TaxExact™ now calculates NIIT.

NIIT

November 12, 2021
Project Activity
Feature

We’ve released a powerful new feature that will not only help your team isolate errors more quickly, but also help train your staff and streamline communication among your team. The new Activity window gives you the ability to:

– add, edit, and reply to comments on projects
– notify specific team members via email
– deeplink to a specific page (Sched C, Deductions, etc) within a project
– see project history and status updates all in one place
– see notifications specifically sent to you

Perhaps most importantly, this feature allows you to easily communicate to any team member which fields have changed and why, make general comments about the project, or more effectively manage the project workstream.

Project Activity in the project context menu
Project Activity Screen
Add, edit, and reply to comments
August 26, 2021
Roll-Forward Projects
Feature

We’ve launched a powerful new feature that will automate one of the most tedious and time-consuming tasks in TaxExact: creating new projects for the upcoming tax season. Today, teams need to manually create new projects for each client as the upcoming tax season approaches. That can become quite time-consuming, especially for larger teams that have hundreds of projects. The new Roll-Forward feature will completely eliminate this work and automatically (and intelligently) roll-forward projects from the prior year to give your team the perfect starting point when tax season arrives.

Bulk Roll-Forward
Bulk Roll-Forward
Single Client Roll-Forward
Single Client Roll-Forward
August 26, 2021
Prior Year & Variance Data in Summary Views
Improvement

When viewing the project summary page, it’s often helpful to see the prior year data as well as the variance. This helps CPAs quickly identify discrepancies that may prompt questions about the project or even advisement opportunities. We’re excited to share that this data has been added to the summary view! We’ve also added display controls that will let you select which project you’re comparing or hide the prior year data completely. Lastly, we’re updating the order of the columns and adding visual indicators to the variance data to make the experience more intuitive for all users.

August 26, 2021
Project Display Options
Improvement

We’ve introduced new Display Options to the project details menu! This improvement will let you temporarily override your account level display preferences and control the data that’s displayed on an individual project page.

June 30, 2021
PDF-Friendly Summaries
Improvement

We’re working on an improvement that will allow you to print an optimized view of any summary screen or download each summary screen as a PDF file to your computer. This will give you a nicer way to share projects with your clients or archive projects internally in print or digital format. While you can technically accomplish this today, we’re going to optimize the design and make this function more accessible and user-friendly.

June 29, 2021
Duplicate Projects
Feature

We’ve added the ability to duplicate any project! Simply click the context menu icon (•••) to duplicate the project. You can also duplicate the project using the context menu on the project listing screen. When you click “Duplicate”, you’ll see a modal where you can adjust the key information before the project is duplicated.

Duplicate Projects

June 25, 2021
Dynamic General Income Modal
Improvement

We’ve optimized the modal in the General Income screen to only show the relevant fields for the selected form/income type.

May 15, 2021
User Preferences
Feature

We’ve added a new user preference area to the “My Account” section. Currently, we only offer one user preference which is “Show summary rows even when empty” and turned OFF by default. That means by default, we’ll hide rows from the summary tabs within a return if they don’t contain any data. However, you can choose to view all rows in the summary tabs using this new user preference. This will help you focus on only the relevant data and optimize the efficiency of your teams workflow.