Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/123770
Reviews For Your Firm TAX COMPLIANCE: ADVANCED WORKFLOW Thomson Reuters – GoSystem Tax RS 2013 OVERALL RATING 5 BEST FIRM FIT Medium-size accounting frms and larger or firms requiring tools to manage high net-worth individuals and multi-tiered or consolidated entity returns. STRENGTHS • Simultaneous and multi-level staf editing capabilities • Strong data import features sophisticated tax compliance system • Support for advance return types among products reviewed. Fully scalable to meet the needs of POTENTIAL LIMITATIONS medium size frms and larger, GoS• On-screen review tools are not ystem Tax RS ofers a reliable platas complete as competitors form to handle large data sets. Te • Inter face may lead to steep compliance system is only ofered learning curve for new users through Internet delivery and is not available as an onsite or locally SUMMARY & PRICING installed solution. Pricing is deterGoSystem Tax RS ofers the most Intuit, Inc. – Lacerte Tax 2013 OVERALL RATING 4.5 through an extensive user comBEST FIRM FIT Full service tax and accounting munity frms with multiple staf, who want • Resea rch plat for m d i rect ly integrated into the product the benefits of integration with many of Intuit's other systems, • Data i mpor t f rom sca n ned including QuickBooks data import source documents or download data directly from f inancial for business entity returns, document management, research and institutions data analysis. POTENTIAL LIMITATIONS • Not readily available as a remote STRENGTHS or Internet based application • Easy, intuitive interface • Wizards to aid with electronic • Document Management System, Tax Planner and Tax Analyzer fling and data import are sold separately • Support offered by Intuit or CCH, a Wolters Kluwer business – ProSystem fx Tax (SaaS) 2013 OVERALL RATING 4.75 • Familiar interface for legacy BEST FIRM FIT ProSystem fx Tax users Firms of any size looking for options to streamline tax compli- • Intuitive navigation ance and are comfortable accessing POTENTIAL LIMITATIONS information via Internet • Internet speed may cause issues for some users STRENGTHS • Client focused and provides SUMMARY & PRICING granular access to client data • Quick resolutions to federal and ProSystem fx Tax ofers sophisticaState changes as changes occur tion for larger frms and provides a quality product for smaller frms. Thomson Reuters – UltraTax CS 2013 OVERALL RATING 4.75 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10911025 • Strong review and multi-monitor BEST FIRM FIT support Sole-practitioners and small frms with a diverse range of client complexity and firms currently using POTENTIAL LIMITATIONS other products in the CS Profes- • Mu lt iple produc t s m ay be required to achieve desired sional Suite lineup integration • Remote access only provided as STRENGTHS hosted desktop version • Strong multi-state capabilities • Personal property tax included SUMMARY & PRICING for a number of states UltraTax CS is a comprehensive • Updated to MeF platform for software solution that provides federal electronic fling accounting professionals a wide range mined by the number of users needed and the volume of returns prepared with all major tax return types priced identically. An entry level bundle is ofered at $3,000 and includes 20 returns and four user accounts. 800-968-8900 cs.thomsonreuters.com/ gosystem Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10911030 SUMMARY & PRICING Lacerte Tax is a tax compliance solution that provides a high value to small and medium size organizations. With an easy to navigate interface and automatic calculations in the background, users are able to quickly process returns. Several tools are also provided with the software to help ensure the highest level of accuracy as each return is fnalized. A number of pricing options are available for current editions of Lacerte. Unlimited processing of federal, one state and electronic fling is priced around $4,000. Per return pricing is available at $395 plus a charge for each federal, state and electronically filed return. Currently, Intuit is ofering a Lacerte Productivity Bundle for $249 and includes Lacerte Tax Analyzer, Lacerte Tax Planner and Lacerte Document Management System. 800-765-7777 accountants.intuit.com/tax/ lacerte Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10911029 Te sofware is designed with no boundaries based on size of firm and client specialization. Built on the latest .NET architecture, it represents the next wave of Internet based tax compliance systems. ProSystem fx Tax is priced around $4,000 for unlimited processing of individual federal returns. State and business return modules are priced based on complexity and start at $850. Per return pricing is available and modules may be bundled together to receive reduced pricing. The traditional desktop sofware, which is installed locally on servers and workstations, is also available and is priced in a similar manner. 800-PFX-9998 tax.cchgroup.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10911028 of tools to complete individual and business returns of any complexity level. UltraTax CS can be integrated into frms of any size and client focus. Strong integration features are built in that allow information to be easily shared among other products in the CS Professional Suite lineup. A number of enhancement have been added for the current year to further enrich the end-user experience. Pricing for UltraTax is available through a number of methods to meet the needs of accounting professionals. Unlimited processing for individual federal returns starts at $2,570, but per return pricing is available. State, business and other return modules may be purchased in unlimited or per return pricing packages as well. Remote access pricing will vary depending on product needs. 800-968-8900 cs.thomsonreuters.com/ ultrataxcs May 2013 • www.CPAPracticeAdvisor.com 13