We're excited to announce version 2.1.59 of our platform, bringing you four powerful new tax strategies and significant improvements to enhance your client service capabilities. This update expands your strategic toolkit while streamlining key workflows to make your tax planning process more efficient and comprehensive.
New Tax Strategies
- Itemized Deductions:Help your clients maximize their tax savings by strategically managing and optimizing their itemized deductions versus standard deduction options. Make sure to utilize the banking integrations to find hidden savings!
- Qualified Charitable Distribution:Navigate the complexities of QCDs from retirement accounts, enabling your clients aged 70½ and older to make tax-efficient charitable contributions directly from their IRAs.
- Child Roth IRA:Establish tax-free growth opportunities for your clients' children by setting up Roth IRAs funded with their earned income, creating long-term wealth-building strategies.
- Child Traditional IRA:Provide immediate tax deduction benefits while building retirement savings for your clients' children through traditional IRA contributions.
New Features and Improvements
- Print and Export Tax Strategies:You can now easily print or export tax strategies, making it simple to share detailed strategy information with clients or include in their files for documentation purposes.
- Flexible Client Invitation Process:Skip the client invitation step when needed, regardless of whether you've selected "client pays" or "firm pays" billing arrangements, providing more flexibility in your client onboarding workflow.
- Enhanced Entity Type Selection:Access the complete range of entity types in the taxpayer onboarding entity dropdown, ensuring you can accurately categorize all client business structures from the start.
Bug Fixes
- Custom Strategy Analysis Enhancement:Resolved limitations that previously prevented running tax return analysis on large numbers of custom strategies. You can now successfully analyze tax returns with over 100+ custom strategies applied.
- Tax Return Analysis Button:Fixed the "analyze a tax return" button functionality to properly open the chat interface, allowing seamless tax return document uploads.
- Updated Edit Icon:Replaced the edit icon with an improved version for better user experience and visual consistency.
We hope these updates significantly enhance your ability to serve your clients with comprehensive tax strategies and improved workflow efficiency. As always, we are committed to continuously improving your experience and appreciate your feedback. Stay tuned for more updates!