Implementation of Tax Report and Tasks in TaxPlanIQ

Prior videos have shown you how to create a new client, create their plan, add the strategies, produce the presentation, and ROI Reports

Let's say that the client has engaged you for the work. They signed the engagement letter. We do have templates for that as well.

She doesn't know or use the chatbot in the bottom right corner here to get that information from us. We're an open book in regards to all the templates and things that we've used in our firm and other coaching students and users have used.

And now, it's time to implement the plan.

So we have a full tax plan report that you can deliver to your client. You can export this to Word and customize it to your liking. But what's even better is that it automatically flows a lot of information into this report from other areas.

You'll notice there's a gold task date field on this report that comes from your plan Details and Strategies tab by adding a gold task date.

So once the client has engaged you, I recommend you come in here and start applying what your task states are.

So let's say I have an accountable plan I want to implement. By month's end, I'll choose that month in there. It will then produce a blue little T for the task that's involved with that strategy.

You can click the blue T and go into the task. You can assign it to someone else internally. See the status here. Here's the assignment, and you can see any checklist associated with it.

You can also assign clients to DOS if you have the TaxPlanIQ portal, and we have pre-filled information here for things that we think you'll need due dates that you can assign to the client priority level, file attachments, etc.

And then, you can keep internal notes here regarding the status.

So, talking to the client on Thursday and then once you assign the client to DOS in their portal, there's full messaging back and forth that the client can do with you to continue that process.

So, I've assigned a couple of different tasks for two of the three strategies for this client. It's time to add.

The last will test it.

So we'll say that your end and we're now ready to implement this plan.

So we may schedule a meeting with the client that lets them know that we will be doing onboarding with them and reviewing their full tax plan report and presentation together.

So, I go to the report tab.

I can export this to Word. I can change any colors or schemes that I want here. I could customize my intro letter. I could remove information that I maybe don't want the client to see.

There's a lot of information on this report, and so maybe you don't want them to see the opportunities and risks of a strategy. So you can just easily remove that and then provide it to the client.

If you want to see further details about a strategy or you need more education, go to our tax strategy library so we can navigate over here.

We could look at an accountable plan as an example. We could see an overview and any client resources you would see internal information, and links that we recommend for the accountant.

You could download Flowcharts and Excel workbooks and templates if there are educational videos, which about a fourth of our strategy so far has, and we're adding daily.

You have a video here, and then any tasks set up recurring or firm customization, things that you'd want to do for the client are here as well.

Now, your tax strategy library is constantly changing.

You can custom-create your own new strategies, or you can accept updates to things that we're changing.

You'll notice a down arrow here that says, "Hey, there are updates to this strategy", Click the down arrow, accept those changes, and then that will apply and update live in your TaxPlanIQ