Tax season transformed with new module to ease management of tax return preparation for trust companies and family offices

CONSHOHOCKEN, PA—January 23, 2020

WealthHub Solutions, the leading CRM provider for trust companies and family offices, today announced the release of a new tax preparation module for its TrustHub trust administration software.

The new tax module organizes the collection of 1099s and K-1s for trusts or other legal entities and tracks each step of the tax return process, from delivery of financial statements to signing returns to keeping tabs on refunds due and quarterly estimates to be paid.

“Tax season generally represents the busiest time of year for trust companies and family offices as they have to prepare and submit tax returns for hundreds or thousands of trusts, often working with a large roster of outside accountants and legal advisors,” said WealthHub CEO Jim Marks.

“…a new approach to managing tax returns that saves an enormous amount of time…”

“Currently, this process is very often managed through multiple shared spreadsheets and Word documents, which is inefficient and error-prone. To address this, we worked closely with a group of our clients to streamline this process by organizing the collection of information and automating the steps involved with processing. The result is our new tax preparation module—a new approach to managing tax returns that saves an enormous amount of time and ensures that the proper returns are filed at the proper time, while affording management oversight of the process across the organization.”

Using the new Tax Preparation module, WealthHub users:

  • Answer a series of questions to determine whether a return is needed
  • Know which returns are required
  • Monitor the expected arrival of 1099s and K-1s
  • Set up returns to be tracked throughout the preparation and submission process

Key information is retained from year to year, allowing new returns to be set up automatically and easy communication with outside accountants and tax preparers. A full suite of reports is available for both the individual trust officer and management, including overall return status, return progress by officer, refunds due, quarterly estimates to be paid, and more.

Marks continued, “We are pleased to release this new module to our client family and made the supporting decision to bundle it with our existing subscriptions. This means that our clients immediately benefit from the module as it helps them address the inefficiencies and risk in the current process—one of the primary goals of our platform, and the reason companies turn to WealthHub.”

The new tax prep module is included with a subscription to WealthHub —the deep vertical CRM application serving trust companies and family offices. The cloud-based system—built on the Salesforce platform (and found in Salesforce AppExchange under the name TrustHub)—automates the daily activities of trust officers and family offices while providing data aggregation, integration with accounting systems, and management and client reporting.

About WealthHub Solutions, Inc.

WealthHub Solutions is the leading provider of enterprise software for fiduciary management. Its cloud-based platform for trust company administration delivers an end-to-end solution for trust officers and other fiduciaries that fully integrates investment data and reporting with automated workflow, client management and prospecting, task scheduling, document management, and compliance. The WealthHub platform creates real operational savings for trust companies and family offices by improving trust officer productivity—all while enhancing the customer experience. For more information, please visit

Jim Marks
[email protected]