Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/42507
W-2/1099 TAX Reviews For Your Firm AccountantsWorld — After-the-Fact Payroll 2011 OVERALL RATING BEST FIT Firms managing year-end compli- ance and ATF payroll for multiple entities. STRENGTHS • Strong multi-client views, dash- boards. • Web-based system provides remote access. • Integration with larger web-based suite. • Comprehensive forms support. 866-999-1366 FormMagic, Inc. — Tax-Mate 1099 2011 OVERALL RATING BEST FIT Accounting fi rms with large client bases, with varied import/integra- tion needs. STRENGTHS • Strong multi-client management tools. • Multi-user level security. • Multiple data-entry options. • Built-in diagnostics. POTENTIAL LIMITATIONS • Limited local forms. 888-746-0440 American Riviera Software Corp. — Magtax Professional 2011 OVERALL RATING BEST FIT Firms managing year-end compli- ance for multiple businesses, with built-in electronic fi ling for federal and supported states. STRENGTHS • Comprehensive forms, reporting capabilities. • Output to various fi le formats. • Excellent QuickBooks integra- tion. 805-504-1366 12 October 2011 • www.CPAPracticeAdvisor.com • Strong Help utility/assistive features. POTENTIAL LIMITATIONS • No built-in invoicing functionality. • Does not provide 940-series forms. SUMMARY & PRICING Magtax has strong, two-way integration with QuickBooks that enables users to easily pass data between the systems, including assigning of GL accounts to each recipient. Electronic filing is included, and the program pro- vides a comprehensive collection of the most commonly used year-end forms. Pricing for the Professional version is $299 per year, with renewals costing $150, including all e-fi ling, laser printing and other features. T e Standard version is $199, with renewals costing $100. • Lacks client billing/invoicing center. SUMMARY & PRICING Tax-Mate provides a comprehen- sive 1099 and W-2 solution, with strong multi-client management tools and overviews, as well as batch printing options that can streamline forms generation. It includes unlimited e-filing for federal and all states through the federal agency piggyback process, but does not off er separate forms for state and local reporting. T e well-designed interface offers multiple data-entry options and is easy to learn and use. Tax-Mate 1099 Advisor costs $299 per year for any number of in-fi rm users. Versions of the system for users with less complex needs start at $95. PRODUCT DELIVERY METHODS: ■ ✔ On-Premises ■ SaaS ■ Hosted by Vendor BASIC SYSTEM FUNCTIONS REPORTING IMPORT/EXPORT CAPABILITIES HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10346651 www.FormMagic.com • Electronic fi ling of federal and state quarterly forms, W-2 and 1099. POTENTIAL LIMITATIONS • No built-in invoicing function- ality, but off ers integration with other systems. SUMMARY & PRICING Aſt er-the-Fact Payroll is the most fully featured web-based year-end compliance system covered here, providing excellent multi-user functionality and integration with client collaboration tools and document management systems. Aſt er-the-Fact Payroll costs $395 per year, inclusive of all features and e-fi ling. It is also available as a component of the Power Prac- tice System, and functions best with this broader web-based suite of eight integrated professional accounting and practice manage- ment solutions. PRODUCT DELIVERY METHODS: ■ On-Premises ■ ✔ SaaS ■ Hosted by Vendor BASIC SYSTEM FUNCTIONS REPORTING IMPORT/EXPORT CAPABILITIES HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10347347 www.AccountantsWorld.com PRODUCT DELIVERY METHODS: ■ ✔ On-Premises ■ SaaS ■ ✔ Hosted by Vendor BASIC SYSTEM FUNCTIONS REPORTING IMPORT/EXPORT CAPABILITIES HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10347323 www.magtax.com