An associate struggles to balance speed and accuracy when preparing 1040 tax returns due to unclear billable hour expectations and lack of benchmarking.
Existing time tracking and review tools fail to provide clear benchmarks or real-time feedback on expected hours versus actual hours for different return types, leading to a tradeoff between speed and accuracy.
TaxBench Pro
TaxBench Pro is a benchmarking and productivity tool for tax firms that provides real-time expected time ranges for each return type based on complexity, client history, and industry data. It integrates with time tracking and review software to flag when an associate is deviating from norms, enabling managers to give specific, data-driven feedback.
- Real-time expected time estimates per return type (e.g., basic 1040, high-net-worth) based on firm and industry benchmarks
- Integration with popular time tracking software (e.g., TSheets, Timeslips) to compare actual vs. expected hours
- Automated alerts when time spent exceeds norms or when common errors increase with speed
- Dashboard for managers to review associate efficiency and accuracy trends
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