The future is impossible to predict. The current COVID-19 pandemic is a perfect example of this fact. The disease has reached nearly every part of the world, affecting millions of lives across the globe. As of Nov 24, 2020, the WHO has confirmed more than 58 million Coronavirus cases.
Governments worldwide are recommending people stay indoors and work from home. With offices closed, technology has taken center stage for many businesses. More people than ever prefer online shopping and payment, use video tools for meetings, and share data over the Internet.
For tax professionals who rely on in-person meetings and office life, this has been a significant blow. Many firms are struggling to plan for the upcoming tax season amidst the pandemic. But there is a solution for them too – tax software hosting. It is a cloud-based tax solution which involves hosting tax application on cloud.
What are the advantages of switching to tax application hosting? Let’s discuss.
1. No Need for Local Software Installation
Most tax software is installed on a local computer dedicated to a single employee of a firm. Given the current COVID situation with most people work remotely, this is neither feasible nor economically possible.
As an alternative, tax professionals can utilize tax software hosting services. The chosen cloud solution provider is responsible for hosting, setup, and installing the software on their cloud. Tax software hosting on cloud lowers expenses related to local IT maintenance and support.
2. Remote Accessiblity
One of the main advantages of tax application hosting is accessing your tax software and data remotely, regardless of location or time. It is different from local-hosted software, which can only be accessed when you are in your office, near the computer system.
Tax software hosting enables you to access data and software remotely, which is crucial until the COVID-19 disease recedes from the world. In case of urgent tax filing needs, you can work wherever and whenever needed, not worrying about office hours.
3. Top-Level Data Security
Hackers constantly seek opportunities to hack network security and access business-critical information. For tax professionals, this is a significant concern that requires considerable investment in maintaining in-house IT security.
Tax software hosting ensures maximum data security. Your data and software are hosted on servers kept in state-of-the-art data centers, much safer than traditional local-hosted software usage. The cloud service providers also use high-tech security methods to ensure every bit of your data’s safety.
4. Enhanced Team Collaboration
While collaborating with team members for tax filing, professionals often make multiple copies of the same file and edit the same reports repeatedly. Such redundant tasks are time-consuming and impact productivity.
Switch to tax software hosting to collaborate with teams for increased productivity. Think of cloud-hosted tax software as a common platform where multiple individuals can work on the same sheet. You can provide limited access to various team members based on their job role or team.
5. Easy Cloud Access on All Devices
When you have tax software installed on a local system, you can only use it on that system. Tax software is often designed for a specific OS like Windows, and tax professionals cannot access their software or data from other devices.
If your tax filing work is suffering during the pandemic, it is time to switch to tax software hosting that enables multi-device compatibility. Whether it is ATX, Drake, Lacerte, or UltraTax, you can access tax software on the cloud using any computer system, laptop, tablet, or smartphone. This way, you can work on urgent tax filing needs regardless of the device you’re using.
6. Round-the-Clock Customer Support
Like any new technology, users may need quick customer support service to learn how to use it or resolve issues. As a tax professional who is new to utilizing tax application hosting benefits, you may also need support.
With the right selection of a tax software hosting provider, you get 24×7 support for all hosting-related questions. You can contact the support team via call, email, or chat features. The ease of getting your problems resolved in less time helps prevent any work issues that would otherwise occur because of support delays.
7. Easy to Scale Resources
Tax season is like no other season for tax and accounting professionals. It involves rigorous work activities and tax preparation that requires maximum concentration. With tax software hosted on local systems, scalability requires upgrading each local system in terms of hardware compatibility to meet the demand and eliminate performance issues. This process can take a lot of time, effort, and investment.
However, you can enjoy scalable cloud resources with tax software hosting in almost no time. Scalable Cloud solutions fit well with the tax business’s dynamic nature and help professionals succeed with the benefit of cloud computing.
8. Smooth Add-on Integrations
Tax software is built with advanced features for tax professionals; however, they often release add-ons to enhance their functionality. If you are using these add-ons with local-hosted tax software, you would also need them after switching to the cloud.
There is no need to worry about add-on integration while moving to tax software hosting on cloud. Once your tax application is hosted on cloud, you can easily integrate the add-ons your business needs. Ask your cloud service provider for further details and processes about add-on integration.
Grow Your Business with Tax Software Hosting
In the current time of crisis, tax software hosting is an appropriate solution for tax professionals. The benefits of tax application hosting will make it easier for you to handle various clients’ tax files efficiently. If you want to learn more about how tax software hosting can help your business grow, connect with our team at 1-855-583-7486.
About Verito Technologies
Verito Technologies provides fully-managed, turn-key cloud hosting solutions for all size companies. We host your favorite tax/accounting software on a dedicated cloud server backed by enterprise-grade security that is SOC2, PCI DSS, SSAE compliant, and our strategically located data centers offer a 99.99% uptime guarantee. Automated backups and a 24/7 support team provide complete peace of mind.
