How Cloud Hosted UltraTax CS Aids Tax Professionals: Digitization and Data Security

Tax professionals stay busy, especially during the tax season. With hundred of tax law revisions each year to increasing client requests, they absolutely cannot refuse to lose valuable time over manual processing. UltraTax CS is comprehensive software designed specifically for professionals to minimize their workload, save time and ease their tax preparation process. With the ever-evolving technology, the software can now be hosted on a cloud platform. Cloud Hosted Ultra CS is a perfect amalgamation which includes impressive tools of the software and adds the amazing features of cloud technology. 

Tax and accounting professionals need a trusted guide to quickly and efficiently understand the vast changes that constitute the new tax reform legislation in order to explicitly prepare for both opportunities and drawbacks and to confidently advise clients. The software that they turn to should be well-equipped with tools that implement changes or bills that are passed by the Congress. For example, 2016 and 2017 UltraTax CS have been updated for the retroactive portions of the bill; for individual taxpayers, updates are being made to the Tax Projection Worksheet and estimated tax calculations in 2017 UltraTax CS. 

Managing change in a now digital world can be a challenge, but one should see it as an opportunity. The time is now to think strategically about how machine learning and other technologies will come together and significantly impact the accounting profession in short order. And as hackers increasingly target the tax and accounting profession, need of the hour is to accept that data security is more important than just a convenience and should be our topmost priority. 

This is where the cloud hosting comes into play. Installing an in-house security system with encrypted platform and firewalls for a small or medium sized business is far fetched idea. With the assistance of latest technology, we can host our desktop versions of the software on a private cloud. The hosting vendor charges a reasonable monthly rental, for which you get a secure work platform. This considerably cuts down on expenses for technical equipment and IT staff. 

A typical host provider practices with efficient antivirus programs, firewalls and other security arrangements so as to ensure that the critical tax returns data is always safe. They have got multiple layers of security boundary before the server so to keep away data intruders, viruses and spyware. Also, a team of highly trained, skilled and talented network engineers and technicians come with your subscriptions, which are always available 24×7 via phone, email and chat to provide free technical support. 

Cloud hosting works on Software-as-a-Service (SaaS). Therefore, payments are only made for the amount of service used. With cloud also come other major advantages like freedom of accessibility, automatic updates, routine data backup, and many more. UltraTax CS software offers a range of local, state and federal tax programs ranging from 1040 individual and 1041 estates and trusts, multi state returns to 1120 corporate and 1065 partnership, among others.