How TaxAct on Cloud Can Benefit Your Tax Firm

TaxAct is a comprehensive tax preparation and filing software for individuals and firms. It offers online and desktop-based software enabling users to file federal and state tax returns.

This tax software offers numerous features to allow tax professionals and firms to streamline their workflow. However, working with TaxAct on a local setup may require more flexibility. In addition to that, you may encounter data loss, slow performance, and many other issues with an on-premises solution.

With TaxAct on the cloud, you get several groundbreaking features, such as remote access from any device you prefer, enterprise-grade security, disaster recovery, and many others.

This blog will help you know the benefits of TaxAct cloud hosting and how it can be an optimal solution for your tax firm. But before that, let’s first understand what TaxAct hosting means.

What is TaxAct Cloud Hosting?

Typically, you install TaxAct on your desktop to work on it. If there are multiple users, then you deploy TaxAct on LAN servers. All your users then access TaxAct via LAN. This setup is known as on-premises TaxAct solution or hosting.

Hosting TaxAct on LAN has many disadvantages, such as difficulty in scaling, IT hassles, security issues, and many others.

On the other hand, in a TaxAct cloud hosting solution, you install TaxAct on the remote servers of a third-party hosting provider. All the IT hassles, including top-notch security, implementing data backups, etc., are handled by your service provider.

Benefits of Migrating TaxAct on Cloud

Let’s see the benefits of TaxAct on cloud:

Anywhere, Anytime Remote Access

With TaxAct cloud hosting services, you get remote access to TaxAct on the cloud. You can login to remote servers from any location and any device of your choice to securely file taxes of your clients using TaxAct.

This fosters a remote work culture in your tax firm and allows you to hire top talent worldwide.

Bank-level Data Security

After migrating TaxAct on cloud, you get enterprise-grade security features safeguarding your critical financial data from unauthorized access.

Most reputed TaxAct cloud hosting providers implement sophisticated security protocols, encryption, multi-factor authentication, etc. They protect data during transit and storage via advanced encryption algorithms and protocols.

Other security features you get with TaxAct cloud hosting:

• IDS/IPS
• Firewall Protection
• Two-Factor Authentication

The best part is that cloud hosting providers have in-house cybersecurity teams who regularly audit systems to fortify the cloud infrastructure against malicious actors.

High Performance

The major concern for any tax professional before opting for a cloud-based solution is performance. Partnering with a cloud hosting provider who can’t deliver optimal computing can affect your firm’s overall productivity.

However, most reputed cloud hosting providers deploy TaxAct tax software on HPCs (High Performing Computers) with SSD storage to deliver ultrafast cloud performance.

We deploy your software on High-Performance computing servers with SSD-based storage to maintain the optimum performance of any version of your TaxAct software.

Real-time Team Collaboration

Another benefit of TaxAct on cloud is that it fosters real-time collaboration among users. All your critical financial data is stored securely on cloud storage which you can

As a cloud admin, you can provide role-based access to your team members. By default, you have access to all the files.

Business Continuity and Disaster Recovery

If you are using TaxAct on a local desktop, one of the most significant drawbacks is that you don’t get business continuity in case of any unfortunate event.

Let’s say your system gets corrupted; you might encounter data loss if you haven’t set up any backup solutions.

Ensuring you continue to serve your business even in any case of unfortunate event,

TaxAct hosting providers always have a restoration plan with failover IT services to ensure your tax firm is always up and running.

Most reputed cloud hosting providers have a 45-day rolling backup policy, allowing quick recovery of past tax data.

Integrations with Other Apps

With TaxAct you might often require integration with third-party applications such as accounting software, CRMs, etc.

Integrating TaxAct with other third-party applications on your system may slow it down and affect your productivity.

However, with TaxAct tax software on cloud you get unlimited resources which you can scale as per your requirements. Thus, allowing you to integrate TaxAct with any number of apps.

If you have any custom integration requirement, then you can convey it to your hosting provider as most of them support custom integration as well.

Reduced IT Hassles

On-premises TaxAct solution involves several IT hassles such as buying and upgrading required hardware, provisioning IT resources, maintaining servers, implementing data backup and cybersecurity solutions.

All these IT-related tasks increase operational costs for your tax firm. Most importantly, your focus tends to shift to this technical stuff rather than focusing on increasing your client base.

With cloud-based TaxAct hosting services, all these overhead tasks are maintained by a third-party provider. Thus, allowing you to focus more on the business part of your tax firm.

Seamless Scalability

During tax season, when the demands to meet client requirements are high, you need to scale seamlessly without hampering your team’s productivity.

However, an on-premises solution isn’t that easy. You must hire an IT team to buy and upgrade hardware, set up servers, and implement time-consuming and costly solutions for data backups, cybersecurity, etc.

Fortunately, you can solve all these hurdles simply by moving TaxAct to the cloud. Whenever you need more resources, you can share the requirements with your TaxAct hosting provider, and they will scale your TaxAct hosting platform accordingly.

TaxAct Cloud Hosting Pricing

Most TaxAct hosting providers offer pay-as-you-go pricing plans. This means you only pay for the cloud resources you use, making it a cost-effective solution for all businesses.

As mentioned before, with TaxAct on cloud, you can scale your IT resources based on your requirements. As a result, the cloud hosting pricing depends on your computing power requirements, total number of users, and additional features tailored for your business.

For a detailed overview, check TaxAct cloud hosting pricing and contact our Solutions Expert today for a free consultation.

Frequently Asked Questions (FAQs)

Conclusion!

Transitioning your tax firm to TaxAct on Cloud offers multiple benefits that can significantly enhance business efficiency and productivity. With TaxAct on Cloud, you can access your tax software from anywhere, at any time, streamline your workflow, and get the seamless collaboration option.

Moreover, partnering with Ace Cloud, a leading cloud hosting service provider, ensures that your software operates in a secure and reliable computing environment, backed by rock-solid security measures, guaranteed 99.99% uptime, and round-the-clock customer support.

Try it with a 7-day free trial and see how cloud hosted TaxAct can benefit you. Give us a ring at +1-855-223-4887 today!