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Top 6 Tech Tools For Tax & Financial Professionals

What is the top tech tool you’d recommend for a tax or financial professional?

To help tax and financial professionals find top tech tools, we asked tech professionals and finance experts this question for their best tools. From tools to keep your computer secure to securing yourself within the cloud, there are several technology tools that may help you in your tax or finance practices.

Here are six tech tools recommended for tax or financial professional: 

  • Send and Receive Digital Faxes with Ease
  • Keep Your Computer Secure
  • Establish Your Expertise on Terkel
  • Keep Track of Clients with a CRM
  • Store Your Documents in a Secure Cloud
  • Find Accounting Software That Fits Your Needs

Send and Receive Digital Faxes with Ease

For financial and tax professionals looking to step up their game when it comes to top tech tools, I would recommend the iFax app. This online application is a great faxing solution for accountants, advisors, and other tax professionals because it allows them to send and receive relevant financial documents without the need for a clunky office fax machine. I have found the tool extremely useful when trying to create efficiencies with document processing, and the tool has been helping the financial industry do so for over a decade.

Adam Korbl, iFax

Keep Your Computer Secure

Tax and financial services companies can be more prone to ransomware attacks. No business is safe from ransomware attacks. Get ahead of it by adequately training your employees. Curricula offers online training programs that prepare your staff for most forms of cyber attacks. Just one tool is not enough to cut it. Having trained staff helps to prevent any such attack that can be crippling to your firm or small business. 

Nick Santora, Curricula

Establish Your Expertise on Terkel 

Tax and financial professionals can share their expert insights on the knowledge platform Terkel. Terkel sends you questions that match your expertise, and when you answer them, you get the chance to be published in relevant and authoritative articles featured on partner websites. It’s an opportunity to build your online presence as an authoritative source in your industry.

Rronniba Pemberton, Markitors

Keep Track of Clients with a CRM

You need a CRM in order to grow your business because, at a certain point, it becomes impossible to keep track of all of your customers in your head. CRMs keep track of customer contact information, notes from their contracts or client agreements, and detailed records about your communication, including what was discussed and when so you can better schedule follow-ups and check-ins. I like Capsule’s CRM because it’s affordable and simple to set up and use. Even if your someone who believes they are behind the curve technologically, the dashboard is very straightforward and can be learned after just a few sessions. If your business is growing, don’t try and manage everything manually; invest in a CRM, it will save you a tremendous amount of time and even lost business.

Bryce Welker, CPA Exam Guy

Store Your Documents in a Secure Cloud

When it comes to finances, there are so many paper documents that include highly sensitive information. That’s why it’s important to implement a client documentation cloud. Not only can your clients easily upload their documents from home, but the forms remain in a secured area and are protected from security breaches or identity theft. Not only that, but you get the added benefit of having a system that is much easier to organize and manage, especially if you have multiple clients.

Jacob Dayan, Community Tax

Find Accounting Software That Fits Your Needs

For many financial professionals, accounting software is the center of the universe. While the general ledger may be the source of truth, you’ll be a more effective advisor, you’ll save time, and you’ll be able to offer a wider range of services if your accounting software is just one brick in your tech stack. From payroll to accounts payable to tax software, data needs to flow in and out of the GL. Choosing accounting software that integrates with other modern tools is a great way to make sure you can meet all your clients’ needs.

Elliot Brown, OnPay Payroll

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