Introducing S199A Pro
S199A Pro is a software application that will assist accounting
professionals take advantage of the Section 199A deduction for qualified
business income for you or your clients.
Doing a Google search
for “Section 199A” will yield hundreds of links to websites that provide
information about Section 199A deductions enacted by the Tax Cuts and
Jobs Act. You could spend hundreds of hours reviewing these websites and
reading the 200 pages of proposed regulations regarding Section 199A and
then spend days or weeks trying to program Excel to make these
calculations for you.
Or, you could purchase S199A Pro and be
ready to make these calculations, and understand them, in an hour or
less.
You may be thinking that your tax preparation software
will make these calculations for you so why should you purchase S199A
Pro. As we have learned with our fixed asset software Asset Keeper Pro,
tax prep software doesn’t always yield the correct results and there’s
no real way to tell unless you have something to compare it to, such as
S199A Pro.
Our mission in creating S199A Pro is three-fold.
Education
In the simplest and shortest possible way, explain how the Section 199A deductions are calculated, including all the data you will need in order to make these calculations.
Calculation
Provide a uniform way of entering the data and generate reliable and self-documenting Section 199A deduction amounts.
Reporting
Include comprehensive reporting that you can provide to your clients showing the benefits they derived from the Section 199A deduction.
PRO-WARE, LLC has been creating software for accounting professionals for more than thirty years, so when we saw the websites, e-books, seminars that were being centered around Section 199A deductions, we believe that we can once again provide a solution for professional accountants who want to minimize the time it will take to implement Section 199A deductions for their clients. Of course, it’s up to you to decide how you want to spend your time; we can only give you a choice to purchase S199A Pro or re-invent the wheel.