|The 2010 Readers' Choice Awards|
|Tuesday, 01 December 2009 14:24|
Major new tax provisions and the still limping economy had major influences on tax and accounting practices this year. This has led many firms to examine their workflow processes and client service delivery methods, with an eye out for ways to be more productive and to strengthen their practices. For most, this has included moving to paperless engagement systems. And for some, the idea of hosted programs for tax compliance, write-up and other services is looking more attractive, with the potential for lessened IT expenses and maintenance time, plus anywhere access. Meanwhile, the early adopters are going a few steps further and embracing cloud-based technologies.
At the same time, many client businesses have contended with shrinking revenues and tight credit availability, and are also looking for ways that they can be more efficient and fiscally strong in the current economic climate. Who do they turn to for advice? Quite often, it’s their most trusted financial advisor: their accountant. While this may add to your workload, it’s a valuable relationship, and one that strengthens not only your client’s business, but your practice, as well.
Our annual Readers’ Choice Awards continue to show a trend toward the adoption of workflow optimization systems and other technology tools that help firms and small businesses run leaner and more profitably. The awards are not a scientific study, but the voting results do offer an informal view into the professional lives of tax and accounting professionals, their technology and vendor preferences, and other insights. They are subjective in many instances, and the loyalty of some professionals to particular vendors definitely comes through in the results, but this is valuable information, as well, since it helps to spotlight those technology companies who are keeping their users excited about their products and vocally supportive, too.
Voting for the awards was open to all professionals through this website during October and early November. In addition to key technologies used in tax and accounting firms, such as tax compliance, write-up, research and payroll programs, the awards also go into the voter’s preferences when it comes to client-side accounting and management software. While these are programs that their clients will use, most professionals have strong preferences as to which programs they’d recommend or prefer these clients run, whether driven by security concerns, collaboration functions or data integration capabilities. Voters were also asked about their use of client portals and their knowledge of web-based professional applications.
Thanks to all of the readers of The CPA Technology Advisor and The NSA Technology Advisor who took the time to vote in this year's Readers' Choice Awards. Here's wishing you happy holidays and a successful tax season.