Practice Management:  The Ultimate Canadian Paperless Tax Office

Year end tax planning includes upgrading tax office environments to substantially increase efficiencies. The proof appears to be in the pudding: TaxCycle users  are reporting a 41% decrease in paper printing and handling, 30% more accurate tax preparation and 21% time savings per client engagement.

The popular software company will provide Four Steps to Your Ultimate Canadian Paperless Tax Office from Oct. 27 to Nov. 2, at Knowledge Bureau’s annual fall Distinguished Advisors Workshop (DAW), and it’s just in the nick of time for practices that want to go paperless.

By monitoring accounting trends, the CRA’s strategic direction, and innovations in technology to build electronic tools that will meet the needs of Canadian tax preparers, TaxCycle focuses on today’s needs while anticipating and preparing for future shifts in the industry.

“We are pleased to welcome back TaxCycle as our lunch sponsor on this national tour and look forward to discussing their cutting edge contribution to today’s digital practice,” says Evelyn Jacks, President of Knowledge Bureau.  Early bird registrations are available until October 15 with tuition fee reductions.  Ten CE/CPD credits are granted and certificates now qualify for credits toward the Distinguished Financial Advisor designation.

“Preparers can scan and manage source documents through DoxCycle – a step that can take you from shoebox to organized!”, says TaxCycle Sales Director, Marc Labreque.

“DoxCycle will help advisors manage all the tax source files stored in a single PDF for each taxpayer they work with.  It’s pretty cool stuff - for example - if you get a CRA request for a specific document, schedule or receipt, you can tear out just that one page into its own PDF from DoxCycle to upload to CRA.”

Marc explained this is not just about going paperless; cutting-edge technology and issues-based education for advisors are a good mix for growing tax and financial services practices.

“As an education partner, Knowledge Bureau provides our clients not only with access to up-to-date tax information and commentary through EverGreen Explanatory Notes, but also a means for our clients to provide ongoing tax training to new staff,” Labrecque said.   “In addition, they assist seasoned staff looking to continue their learning journey and enhance their portfolio of services to their clients.”

Register for Distinguished Advisor Workshops – Oct. 27 in Winnipeg, Oct. 28 in Vancouver, Oct. 29 in Calgary, and Nov. 2 in Toronto.