CPA Practice Advisor

APR 2015

Today's Technology for Tomorrow's Firm.

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6 April 2015 • www.CPAPracticeAdvisor.com PROFESSIONAL TAX PREPARATION SYSTEMS ADVANCED WORKFLOW BEST FIRM FIT Larger frms with multiple locations serving high net worth individuals and complex tax situations. STRENGTHS • H a n d l e s a n y t a x s i t u a t i o n , regardless of complexity • RS To-Go provides ofine pro- cessing • Multiple integration points POTENTIAL LIMITATIONS • Price point and feature set too advanced for many small organi- zations SUMMARY & PRICING GoSystem Tax RS has unmatched web-based tax processing power in a secure online environment and is fully scalable to meet needs of any size organization. GoSystem Tax RS ofers a wealth of features to enhance and maintain productivity. Te intended focus for GoSystem Tax RS is frms focusing on high net worth individ- uals and returns with a high degree of complexity. Pricing for GoSystem Tax RS is dependent upon the number of returns to process and the number of users required. A starter pack is ofered for $4,000 and includes the ability for up to four users to fully process and fle up to 20 returns. cs.ThomsonReuters.com/gosystem BEST FIRM FIT Accounting frms currently utilizing other CS Professional Suite solu- tions or are focusing on mid-to high-level tax situations. STRENGTHS • Easy, intuitive navigation • Multiple monitor support • Comprehensive diagnostics POTENTIAL LIMITATIONS • O t her C S P rofe s sion a l Su ite solutions required to achieve a full tax compliance system SUMMARY & PRICING UltraTax CS provides a full line of federal, state, and local tax compliance options and timesaving tools to ease every step of the tax preparation pro- cess. UltraTax CS integrates tightly with other CS Professional Suite products and has several built in modules to help ensure users can handle any return and meet the needs of any client with ease. Pricing for UltraTax CS starts at $2,760 for one- user processing unlimited federal 1040s. Unlimited state, business and electronic filing options as well as per-return-pricing are also available. cs.ThomsonReuters.com/ultratax BEST FIRM FIT Accounting frms of any size pre- dominantly focusing on complex tax situations and those utilizing QuickBooks accounting sofware. STRENGTHS • Easy data entry, navigation and quick form access • M a k i ng sig n i f ica nt st r ides i n t h i r d - p a r t y p a r t n e r s h i p s t o enhance features • Severa l ut i l it ies i ncluded t hat other tax vendors charge extra for POTENTIAL LIMITATIONS • No ho s t e d s o l u t i o n w i t ho u t relying on third-party vendors SUMMARY & PRICING Lacerte is the most comprehensive tax ofering from Intuit and remains a popular solution for seasoned tax professionals. Designed for fast data input, Lacerte features an abundance of built-in time saving features for optimum productiv ity. Lacer te offers users multiple purchasing options including an unlimited ofering, a 200 return bundle and per return pricing. The pricing for an unlimited individual package pro- vides unlimited processing for fed- eral, one state and electronic fling and is around $5,000. Per return license runs $395 with each indi- vidual return, including one state at $55 per return. Accountants.Intuit.com/lacerte BEST FIRM FIT Accounting frms of any size with a broad mix of return complexity and those currently seeking a desktop compliance solution. STRENGTHS • Suite of products available ofers f ull ser v ice for any accounting frm aspect • Easy navigation through sliding data entry screens • E n h a n c e d e l e c t r o n i c f i l i n g notifcations POTENTIAL LIMITATIONS • R emote solut ion of fered, but must go through diferent pur- chase channel to achieve this SUMMARY & PRICING CCH ProSystem fx Tax continues to be a top tax compliance solution for frms of nearly any size. With a variety of integration points, Pro- System fx Tax can handle tax situa- tions regardless of complex it y. ProSystem fx Tax is available with separate tax modules for individ- uals, businesses and other return types or may be bundled together for a greater cost savings. Te key price driver for ProSystem fx Tax is the number of client returns to process. Wolters Kluwer Ta x & Accounting U.S. of fers pricing options to ft a frms needs such as full licensing, Pay As You Process and solution bundles. Solution packages start at $3,500. wwwCCHGroup.com BEST FIRM FIT A c c o u n t i n g f i r m s o f a ny s i z e looking for a mobile workforce solution or a modular cloud-based accounting system STRENGTHS • R e mot e a c c e s s s olut ion t h at he lp s e n h a nc e t he wor k / l i f e balance • I nteg rat ion poi nts w it h CCH solutions and nearly any third- party sofware • Modern interface lends itself to easy navigation and data entry POTENTIAL LIMITATIONS • W i t h o u t a d e q u a t e I n t e r n e t s p e e d s , t he s o l u t io n m a y b e unusable SUMMARY & PRICING CCH Axcess Tax is at the heart of the cloud-based solution suite ofered by Wolters Kluwer Tax & Accounting. With the ability to integrate w ith nearly any third- party solution, CCH Axcess Tax shines as a highly ef f icient ta x compliance system. CCH Axcess Tax pricing centers on the number of client returns processed. Wolters Kluwer Tax & Accounting US ofers pricing options to ft a frm's needs such as full licensing, Pay As You Process and solut ion bund les. Solution packages start at $3,500 www.CCHGroup.com/axcess Thomson Reuters GoSystem Tax RS Thomson Reuters UltraTax CS Intuit Lacerte Tax CCH ProSystem fx Tax CCH Axcess Tax Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12060311 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12060315 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12060307 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12060289 Read the full review and see expanded ratings for this product online at: www.CPAPracticeAdvisor.com/12060278 5 4.75 4.5 4.75 5 2015 OVERALL RATING 2015 OVERALL RATING 2015 OVERALL RATING 2015 OVERALL RATING 2015 OVERALL RATING

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