About Tax Clarity
Tax Clarity is a tax planning software from Covisum that visualizes effective marginal tax rates and supports tax-efficient retirement strategies. It provides Covisum Suite, Social Security improvement, Tax Planning, and Retirement Income Planning, so financial advisors can deliver precise, personalized tax strategies to their clients. Additionally, it offers Portfolio Risk Analysis to assess investment options in the context of potential tax implications. This software is designed to help advisors create tax-efficient retirement plans that align with their clients' financial goals. Key capabilities: Covisum Suite Social Security improvement Tax Planning Retirement Income Planning Portfolio Risk Analysis Best for: financial advisors that need to create effective tax strategies for retirement-focused clients.
Tax Clarity Details
Tax Clarity's In-App Market Place
Does Tax Clarity have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($)
Pros & Cons
- Visual tax mapping illustrates a client’s tax landscape for better retirement decision-making.
- Effective marginal rate calculation identifies income points that could trigger higher taxes to avoid costly mistakes.
- Multiple scenario comparison lets advisors evaluate and present alternative withdrawal strategies.
- Self-employment and pass-through tax features manage complex tax situations for self-employed clients.
- Marketing and client engagement tools provide ready-made emails, videos, presentation decks, and referral templates.
- The software is limited to licensed financial advisors and cannot be used directly by clients.
- New users may need time to learn and navigate all features effectively.
- Accurate client data is essential, as errors can lead to misleading tax analysis.
- The focus on retirement taxes may not address other tax planning needs.
- Scenario comparisons are limited to on-screen evaluation, requiring extra effort to integrate into full financial plans.
Tax Clarity's Support Options
Email Address
help@covisum.com