Holistiplan is an easy to use, automated tool for analyzing client's Federal tax return. It provides amazing insights and it is educational for the advisor as well as the client. It identifies a number of tax breaks and clearly lays out why the client may/may not be eligible based on their complex MAGI calculations. It also calculated IRMAA for clients covered under Medicare. The Observation section is also aweome. The tool is perfect for having a clear converstaion with the client even if I am not a tax accountant.
The sceanrio analysis is also veruy helpful in identifying Roth conversions, increasing charitable contributions, property sales and harvesting long-term gains and losses.
Tax laws are complex and the tool has made it easy to navigate the changes.
I am very happy using the tool. As an advisor, it is one of the most valuable additions to my tech toobox. Great job! Keep up the updates!! Review collected by and hosted on G2.com.
There are always room for improvement, right? The following are areas that would be great additions:
Add Schedule E, especially Rental Property, to the analysis.
Add YoY Report (basically combine two prior year tax reports) - similar to side-by-side scenario analysis.
Add State Tax analysis report (been told it is complex) . I do not have the state scenario analysis tool.
P&C Insurance analysis is available only at highest level subscription.
The observation secton can be dynamic, i.e. insert penaly amount for example.
Overall, I would like to see the above improvements. Review collected by and hosted on G2.com.
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