Users of Intuit Tax Advisor can now:
- Select tax-loss harvesting and cost segregation studies as strategies in Intuit Tax Advisor.
- Edit multiple fields in an activity (W2, K-1, etc.) together before recalculation occurs.
- Gain more visibility to which tax fields are impacted by a strategy and more detail about the calculations.
- Have enhanced error handling when users enter a strategy value that is not supported in order to easily identify and correct errors. Plus, strategies with errors will be excluded from client reports to avoid any confusion.
- Customize and communicate client report in more ways, from reordering pages to editing strategy content.
Intuit plans to also add the ability to select qualified business income deduction optimization as a strategy in Intuit Tax Advisor, the ability to select converting self-employed businesses to an S corporation as a strategy in Intuit Tax Advisor, and add a new self-help widget in Intuit Tax Advisor which provides contextual help as well as the ability to search articles or the community in product for in-depth information.
The company also announced several new enhancements to its ProConnect Tax solution. Users can now:
- Export client data from standard tax return fields and query data based on common tax scenarios;
- Customize default print options for client, preparer, and filing copies;
- Get news and product updates sent directly to a new notifications inbox within ProConnect Tax;
- View and manage all documents, internal to the firm and shared with the client, in one place;
- View a summary of information before e-filing, including a list of the federal and state returns, payment method, and the refund amount or balance due;
- Choose authentication options for returning clients that don't require knowledge-based questions; and,
- Use Microsoft Edge version 103.0 and Opera web browsers, which had not been supported before.
There were also updates to Intuit Link in ProConnect Tax. including Google Drive integration and a "Mark as done" feature.
ProSeries has also been enhanced. Users are now able to:
- Transfer prior year and current year TurboTax business returns to current-year ProSeries returns in just a few clicks;
- E-file superseded federal and California returns;
- Backup and restore ProSeries data, even between more than one computer; and,
- Create and edit standard client letters in the software, starting in tax year 2022.
Intuit is also planning to eventually add a QuickBooks Online Account import feature.
Finally, the company also announced enhancements to Lacerte:
- Access to more information about specific tax forms or calculations without leaving that form;
- No more 30-minute inactivity timeouts.
Intuit also plans eventually to add integration with Intuit Tax Advisor.
"Intuit is continually listening to customers and making updates to its tools and products," said Jorge Olavarrieta, vice president of product management and design at Intuit, in a statement. "We continue to deliver more capabilities to our customers across all offerings, and we are committed to bringing a variety of the best resources to tax and accounting professionals to save time, build businesses, and better serve clients every day."
