Avoid These 5 Mistakes When Buying Tax Preparation Software

Avoid These 5 Mistakes When Buying Tax Preparation Software

Tax software has always been designed to make accountants and bookkeeping professionals’ jobs easier and far more efficient. By utilizing all the built-in features of professional tax preparation software, you can make your business operations run smoothly and without any worries. But if you’re new to tax pro software, there are a couple of things you should know before investing in it. The following are some of the mistakes you should avoid when buying software for tax preparers.


1. Refusing to Adopt Cloud-Based Software

The tax preparation software industry is probably one of the slowest industries to embrace cloud technology for its software needs. By the time cloud computing was introduced in the market, it just no longer makes any sense to software that isn’t built around cloud technology. One of the most significant drawbacks of relying on desktop installed software is the investment needed to create an office network that is both expensive and temperamental. All it takes is one bad OS update or faulty hardware to halt all your progress. If you’re using cloud computing software, you can easily just hook up another computer and continue working where you left off.


2. Saving Money for the Wrong Reasons

For those who are looking to save money for their business, saving money on tax software is one of the first things that comes to mind. However, this could actually cost you more in the long run. Consider other areas to look at when evaluating budget cuts. Paying for professional tax preparation software that’s subpar to the industry standard will cost you more in terms of efficiency and the amount of training your staff will need. You need to invest good money in software that addresses your firm’s needs. As with any business, the cost of software is part of the value of the company. It is a necessity.


3. Creating Unreal Expectations

Looking for new tax software because clients are looking for new features is one thing. However, switching to a new program just because of an issue with one little item is different. There are many accounting and tax preparation software out there with some very useful features, but they’re not built to handle everything. No tax program is going to do it all for you and accommodate every single feature you want. Preparing a tax return is like a puzzle. The client provides the preparer with the pieces, and it is up to the preparer to assemble it using the tax software as a tool to help. Unless you’ll be investing in custom software, be prepared to adjust to the features and workflow of the tax software you invested in.


4. Not Training Your Employees

Today’s tax programs are very much intuitive and flexible, allowing integrations with other apps. However, it is still your responsibility to train your employees on how to use the program. The good news is that most programs already have training in the form of user guides, demo videos, and a knowledge base your employees can use as a reference. It is essential to give your employees ample time to understand the decision to go with a particular software.



Tax software with technical and tax support can give you some much-needed peace of mind, especially if you’re new to using tax software for your firm. Whatever tax software you choose will greatly affect how you perform your work for your clients. By learning about these mistakes, you can avoid some of the pitfalls of purchasing software for tax preparers. Keystone Tax Solutions is a leader in the professional tax preparation software industry with more than 15 years of experience. Our software packages are designed to help tax professionals become more efficient in preparing taxes for their clients. If you’re looking for the best professional tax software in the market, Keystone Tax Solutions is the answer. Contact us to get a free demo today.

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