Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/83146
Reviews For Your Firm TAX PLANNING SYSTEMS BNA Income Tax Planner 2012 OVERALL RATING BEST FIT Firms with clients across the spec- trum, including high net worth individuals, serial entrepreneurs, ex pats and others with increasingly complex planning and compliance requirements. STRENGTHS r Simple interface and navigation r Exhaustive calculations and anal- ysis functions r Side-by-side comparisons of up to 20 plans r Strong reporting with graphical elements 800-424-2938 Lacerte Tax Planner 2012 OVERALL RATING BEST FIT Although Lacerte Tax Planner can be used independently, integration and automated features make it even more valuable to firms using the broader tax preparation system. STRENGTHS r Intuitive interface and user-friendly navigation r Direct integration with Lacerte Tax 1040 r Integration with Document Man- agement System r Customizable graphical reporting 800-765-7777 POTENTIAL LIMITATIONS r Output limited to PDF and text formats r Does not include rates for all income taxing states Lacerte Tax Planner provides planning, analysis and client presen- tation tools for projecting individual income taxes for clients out to as many as 10 years with 10 scenarios each. It includes past, current and projected rates for federal taxation, as well as for 17 states and New York City, and a generic worksheet for other states and local taxes. The planning system comes bundled with the Lacerte Tax Analyzer and the Lacerte Document Management System, but is at its best when also used with the main tax preparation system. SUMMARY & PRICING Lacerte Tax Planner provides capable planning functions with strong customization options for client-ready reports. It can be used independently, but is best suited to firms using the Lacerte Tax system and its optional module, since the r Integration with several tax compli- ance systems r Web-based version POTENTIAL LIMITATIONS r BNA does not offer a preparation system BNA is a familiar name to tax and accounting professionals, and since last year has become a part of Bloomberg LP, the globally recog- nized business information pub- lisher and media outlet. In addition to producing original regulatory analysis and insight, the company develops technology for corporate tax audits, fixed asset management, sales and use tax management and rates, income tax planning, and estate and gift tax planning and compliance. SUMMARY & PRICING BNA Income Tax Planner and the web version of the program, offer a very easy to use and learn system, with very strong and comprehensive planning, calculation and scenario testing utilities. With support for all income tax states, and tools for managing complex clients, the system is ideal for firms serving the needs of high net worth individuals, and those with challenging taxation needs. Pricing varies based on specific firm state needs, with the base federal system starting at about $600. BASIC SYSTEM FUNCTIONS CORE TAX PLANNING FEATURES REPORTING IMPORT/EXPORT/INTEGRATION HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10774132 www.bnasoftware.com integration offers streamlined access to client data and additional tools. Te system is available only as part of a bundle with the Lacerte Tax Analyzer and Lacerte Document Management System, at a price of $249 per year. BASIC SYSTEM FUNCTIONS CORE TAX PLANNING FEATURES REPORTING IMPORT/EXPORT/INTEGRATION HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10774147 www.lacertesoftware.com HERE'S A SNEAK PEEK AT THE NOVEMBER EDITION: Small Business Advisor: 2013 Awesome Add-Ons Digital Strategies: Workflow Tools for the Paperless Office Mobile Strategies: How Mobile Tools Help with Work/Life Balance Monthly Micro Apps Cloud/Hosted Strategies: Pros & Cons of Backing Up in the Cloud Practice Management: Finding the Right Business Model for Your Firm Reviews: 8 5BY t 8SJUF 6Q t /PU GPS 1SPmU For more information about any of these upcoming issues, please contact your account representative 800-547-7377