There are few professionals that are as holistic as financial planning.

From helping a client with their daily budget, to advising them on their long-term investment needs, a financial planner is one of the most important professionals many of us will turn to in our lives.

Financial planners are financial superheroes…and they need the right superpowers to guide their clients through all of their financial needs.

One such superpower?

The right tax planning software.

Tax planning is different from tax preparation.

While tax preparation focuses on accurately filing a client’s tax returns, tax planning involves strategically managing their finances throughout the year to minimize tax liabilities and maximize savings.

This is where a financial planner can activate their superhero mode and provide expert skills to ensure a client is well-prepared for tax season and beyond.

Let’s find out how.

Why Tax Planning?

As a financial planner, you are tasked with a myriad of roles – all of which are needed in order to create a comprehensive financial strategy for your clients.

And — while you are proud of your profession and aspire to give each client a comprehensive view of their financial picture — you may feel that adding yet another skill set to your already-exhaustive list of services may feel overwhelming…and perhaps not even necessary.

This is simply not the case.

In fact, it’s quite the opposite.

Tax planning has become an increasingly important part of every client’s overall financial plan.

Emily Rassam, a Senior Financial Planner for Archer Investment Management, knows this firsthand.

Rassam is a CFP® who has been in the financial planning world for over 18 years. During that time, she has seen big changes happen, particularly when it comes to including tax planning in her client portfolios.

“When I think about my learning journey,” says Rassam, “tax planning was something I was unsure of in the beginning. When my clients had tax concerns, I would say, ‘You’ll need to talk to your CPA about that.’ We would, in essence, just throw it back over the fence.”

As she gained more knowledge, Rassam started to realize that her clients weren’t getting the full tax planning help they needed. She began to see a service gap that no one was providing when it came to tax planning strategies.

“What I began to realize,” says Rassam, “is that there is so much that financial planners can do — when they have the right tools — to help support clients and help save them tax money over a long period of time.”

For Rassam and her firm, this is where tax planning software comes in.

“CFPs and other financial advisors interface with client data all day, every day,” she points out. “With the right tools, we can help guide our clients toward more tax minimization strategies, or even just help them understand their tax return and how it works.”

Tax planning software may just take you from skilled to superhero status when it comes to your client’s satisfaction.

Perfecting the Puzzle: The Key Benefits of Tax Planning Software

According to Rassam, tax planning software offers some key features that significantly enhance the services she can provide to her clients:

Tax planning software has been a game-changer for financial planners like Emily Rassam and her clients.

Not only has the software improved a planner’s ability to enhance their tax advisory operations, but it has also significantly increased efficiency and accuracy when it comes to tax strategies and tax savings.

By providing quick analysis for tax returns, removing year-end surprises, and providing instant scenario analysis for a host of tax planning needs, advisers everywhere are finding that tax planning software is a perfect addition to their overall practice management software system.

Activate Your Superhero Mode: Reach Out to Holistiplan to Find Out How

Financial advisors now know that effective tax planning can significantly impact a client’s overall financial health and happiness.

Holistiplan is here to give you the tools to make it happen.

As a leader in the tax planning software industry, Holistiplan’s mission is simple…to empower financial advisors with innovative, user-friendly tax plan tools that streamline tax planning and enhance client outcomes.

Here are some of the ways we do this:

Read a Client’s Return in Seconds:

Upload your client’s 1040 tax return, and Holistiplan will generate a personalized, branded tax report in no time.

Generate Client Deliverables:

Our polished, easy-to-read tax summary, featuring your firm’s logo and disclaimer, can be saved as a PDF, emailed through a client portal, or printed for in-person review. It provides a clear and inviting document for you and your client to work from.

Stay Up to Date on Tax Laws:

Holistiplan provides real-time updates on tax laws and regulations, ensuring that you and your clients are always compliant and informed about the latest changes. This feature helps you make timely adjustments to your clients’ tax plans and strategies.

Create Instant Scenario Analysis:

Using OCR technology, Holistiplan’s software pre-fills a scenario analysis screen, allowing you to quickly identify key income breakpoints for tax planning strategies. These strategies can include ROTH conversions, tax-efficient withdrawals, and charitable giving, which you can then discuss in-depth with your client.

If you’re ready to find out why over 30,000 financial planners and advisors have turned to Holistiplan for their tax planning needs, then it’s time to experience the difference for yourself.

Holistiplan’s comprehensive software streamlines the entire tax advisory engagement, from reading and analyzing tax returns to generating client deliverables and conducting scenario analyses.

Reach out today to see how Holistiplan can activate your financial superhero mode!