Find Out How It Works

1. Introduction to TaxCracker
2. Why is the TaxCracker questionnaire free?
3. How the software works
4. What are Tax Hooks?
5. How do I get the Tax Hooks if I don’ t use the software?
6. What is QMS and how does it work?
7. How long is the questionnaireand why is there only question per page on the question wizard?
8. Will the tax specialists contact my clients directly?
9. Why subscribe when I could just Register?

Introduction to TaxCracker

TaxCracker is a questionnaire designed to identify tax planning opportunities for the IFAs client. This is freely available to anyone who registers on the www.taxcracker.com website as a download (.exe), a hard copy or in Microsoft Word/Excel.

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Why is the TaxCracker questionnaire free?

We know that IFAs have very different client bases and that the TaxCracker service will not be suitable for all of them. We want to give all IFAs the opportunity to try the questionnaire out for themselves and their clients at no cost to evaluate whether a subscription is right for them.  Click here to find out what registered and subscribed users get.

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How the software works

• If you would like to find out which tax planning opportunities might be suitable for your client, you can take your client through an on-screen questionnaire.
• This questionnaire can be saved as a draft to complete later.  Once it is completed, your client’s Tax Hooks will be displayed.
• You can then print these Tax Hooks to discuss with your client and agree which ones you would like to pursue.
• You can then opt to upload completed questionnaires to QMS for review by our specialists.

NOTE: Hooks will not be displayed for draft questionnaires; you must have a complete set of answers before offering advice to your clients.

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What are Tax Hooks?

Tax Hooks are generated by the answers your client provides. Their purpose is to enable you to offer immediate feedback on possible tax saving opportunities.

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How do I get the Tax Hooks if I don’t use the software?

If you complete and return a paper copy or an emailed file of your client’s questionnaire, we will either email or post you the tax hooks report generated for that client.

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What is QMS and how does it work?

QMS is the Questionnaire Management System used by the TaxCracker specialists. It has three main functions:

1. IFA Administration - used to maintain your details and process subscriptions.
2. Content Management – used to create new questionnaire versions which are made available for you to download.
3. Questionnaire Management – used to determine if we have suitable solutions for your clients.

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How long is the questionnaire?

Typically 15 to 20 minutes, depending on the complexity of the client’s affairs.

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Will the tax specialists contact my clients directly?

No! The content in the questionnaire wizard used to identify your client is not submitted to us, so you control the relationship. For the tax specialists your client is identified by a unique ID. The specialists rely on you for the introduction to your client to discuss the implementation of a tax planning strategy.

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Why subscribe when I could just Register?

One major reason to subscribe to TaxCracker is the Comprehensive In-A-Nutshell Library.  You will have noticed, while taking your clients through the TaxCracker Questionnaire that you are encouraged to consult the relevant In-A-Nutshell Guide.  These will give you an understanding of the Tax Area in question.  These fact sheets are constantly being reviewed and updated by out tax experts so there is no danger of misinformation.

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