The Fundamentals: Tax Prep Software
What makes tax prep software packages different from one another? What should firms be looking for when evaluating what solution to use? Considering the stakes involved, specifically the sums of money on the line for the client, selecting the right software is crucial for any successful firm.
A&M Digital Tax Services Director Kim Saenz was recently featured in Accounting Today's article "The Fundamentals: Tax Prep Software," where she shares key insights on selecting the right tax prep software for firms. Saenz emphasizes the importance of fully understanding and utilizing existing software before making new investments, advising firms to “avoid redundancy and identify gaps and critical features they are currently missing." Saenz also discusses the costs associated with specialized tax software, noting that license fees can range from $200,000 to $300,000 per year, with premium options potentially adding an additional $200,000 to $300,000.
Read the full article to learn more about Saenz’s advice on optimizing software solutions and making smarter technology decisions for your firm.
Read the full article
Labor & Benefits: How to Prepare for a Successful Audit
August 5, 2025
A&M Senior Director Emily Miligan was recently a guest on the Weaver: Beyond the Numbers podcast and shared insights on how organizations can best prepare for a benefit plan audit.
Tax losses in share deals – Hidden value impacting purchase price negotiations?
August 4, 2025
In many M&A share transactions, tax losses may represent significant hidden value. But that value depends particularly on two key questions: Can the tax losses survive the transaction and can the parties mutually agree on a business plan substantiating the future usage of the potentially surviving tax losses? Our article outlines how jurisdiction-specific rules — especially Germany’s strict change-in-ownership regime — affect the usability of tax losses post-closing, whether tax losses can provide a shelter for historic tax risks and why tax losses impact purchase price negotiations.
EU Customs Reform: Impact on businesses
August 1, 2025
The EU is set to overhaul its customs regulations in 2028, with a key focus on modernising e-commerce.
Clarity on tax classification of foreign bail-in bonds
July 31, 2025
Proposed changes to Australia's tax treatment of bail-in bonds provide much-needed certainty regarding their debt/equity classification and tax law.
