Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/123770
Reviews For Your Firm TAX COMPLIANCE: TRADITIONAL WORKFLOW Intuit Tax Online 2013 OVERALL RATING 4 product runs completely in a web BEST FIRM FIT browser • Startup firms who are either short on cash or unsure how • Mobile app for checking fling status and client information many returns they expect to (iOS and Android) prepare. • Firms who need built-in online • Data fles are backed up by Intuit (the maker of Lacerte and ProScol laborat ion or work w it h eries) and the primary data fles part-time preparers in remote are not stored on the remote locations. computer • QuickBooks ProAdvisor proSTRENGTHS gram members receive fve free • ITO has no "per user" charges for additional preparers and no 1040's and 10% of of all ITO tax return bundles additional fees for state returns or e-fling. • No installation or updates, as AgileTax by Thomson Reuters 2013 OVERALL RATING 3.75 preparers BEST FIRM FIT • Startup frms who need to pay • Data f iles are backed up by over time or are unsure how Tomson Reuters (the publisher of UltraTax and GoSystem Tax many returns they expect to RS) and the primary data fles prepare. are not stored on the remote • Firms who need built-in online computer col laborat ion or work w it h part-time preparers or preparers • Tax forms received by individuals are entered on facsimiles of in remote locations. the IRS version of these forms (e.g. W-2, 1099, 1098, etc.), so STRENGTHS • No installation or updates, as inexperienced preparers have a beter chance to input each feld product runs completely in a web in the proper location browser using the Microsoft Silverlight plugin • Product is inexpensive and has a POTENTIAL LIMITATIONS very reasonably priced unlimited • AgileTax is completely webbased, and there is not a version pay as you go plan for additional TaxSlayer Pro Premium 2013 OVERALL RATING 4.25 18 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10912488 POTENTIAL LIMITATIONS • Te product does not have integrations with any document management systems or small business accounting applications. • Intuit does not ofer a plan with an unlimited number of returns, and high-volume preparers may find the fixed price per return limiting. • Client portals and client billing are not included. for the first 1040 and business return, respectively, including all states, extensions, and e-File payments. Bundles are available with pricing at $899 for 100 individual returns (state, federal, e-file, and extensions) and $449 for 20 business returns (state, federal, e-fle, and extensions). Members of Intuit's ProAdvisor program receive fve free ITO returns, and receive a discount when purchasing additional returns. SUMMARY AND PRICING ITO is priced at $29.95 and $39.95 866-676-9674 Accountants.intuit.com/tax/ online Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10912489 of the application which runs ofine. • AgileTax is not available in a version where users pay a n incremental charge for each return processed. • Complex calculations like oil & gas activities or consolidated ret u r ns a re not suppor ted, although users can complete the calculations in Excel and enter the data directly on the provided forms. SUMMARY AND PRICING AgileTax pricing starts at $100 per month for unlimited 1040 processing and an additional $50 per May 2013 • www.CPAPracticeAdvisor.com 855-244-5382 www.AgileTax.com Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/10912486 • Built-in bank product support must be ex por ted to Adobe and client invoicing Acrobat for review • Supports scanning of W-2 bar- • Limited tools for review and codes for data capture approval of returns prepared by • Product is designed for fast other users keyboard only data entry and • Keyboard driven menus appear screens dated, but once a user learns the • Return preparation includes a keystrokes associated with the link to the online version of Te functions, a preparer can work Tax Book, a preparer reference very fast. book for frequently asked questions SUMMARY AND PRICING STRENGTHS TaxSlayer Pro Classic includes • S u p p or t s pr e pa r at ion a nd unlimited individual federal and unlimited e-fling of all entities POTENTIAL LIMITATIONS • Forms cannot be previewed, and state returns, with free electronic at the federal and state level BEST FIRM FIT • Firms who focus on preparing individual income tax returns with a limited number of business returns • Professionals who need a solution with a low price for unlimited users and support for bank products and in-application invoicing month for unlimited 1041, 1120, 1120S, 1065, 990, 706 and 709, the three state trust returns, as well as federal, state, and e-fling for one preparer (12 month commitment). Additional preparers can be added on a month to month basis for $50 per month, per preparer, and these preparers can prepare all of the same returns included in the primary user's twelve month subscription. Optional add-ons include 100 private client portals for $10 per month. filing, corporate tax software, a depreciation module, and The Ta xBook Ta x Librar y for an unlimited number of users at a single site for $1,095. TaxSlayer Pro Premium includes all of the features of the Classic edition, plus a document storage utility, tools for leting clients know when returns are ready and bank product checks are available, ad templates, and mobile access to management reports for $1,395. 888-420-1040 www.TaxSlayerPro.com