Tuesday, March 20, 2012
The beginning of tax season continues to move closer and closer to the start of year as people file their returns earlier to get refunds as soon as possible. These goals can be easily accomplished when taxpayers leverage file sharing programs.
When using a cloud-based tool, a person can ensure that all of their pertinent tax information is sent to their accountant or financial adviser as quickly as possible. No longer do they have to worry about organizing numerous pieces of paper and remembering to bring them to a consultation.
With a file hosting tool, a taxpayer can organize all of their tax information and send it to a professional ahead of time. That way all of the records and files are waiting when they show up, which streamlines the process and takes out much of the stress associated with tax season.
Taxpayers can also use the cloud to store this year's–and previous years'–tax forms, documents and returns for fast and easy reference in the future. All of the information will be located in one place and readily available to be viewed, updated or shared at any time. All it requires is an internet connection to sign into an online data storage tool.
A report published by the NPD Group last year found that many people already use cloud-based applications to do their taxes. In fact, 44 percent of respondents to the firm's poll who identified themselves as technologically savvy said they have utilized such tax tools, and 39 percent of non-savvy respondents said they have done the same. The report also revealed that tech-savvy people tend to use the cloud more often than those who don't identify as technologically inclined.