In this demonstration you’ll explore the processes for MyTaxInfo, and see how it can make the collection of tax information from taxpayers easier and more reliable. You’ll also see how MyTaxInfo virtually eliminates transcription errors, ensures accuracy, improves speed and efficiency, and how it can be customized for your firm and client needs thanks to its complete integration with GoSystem Tax RS. Process individual, corporate, and partnership returns with timesaving tools, such as the Allocation and Apportionment module. See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. “People gravitate to what they’re comfortable with, much like accountants gravitate to Excel.
- GoSystem Tax RS pricing is dependent on firm needs, and starts at around $4,000 per year for a single user.
- GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal.
- Data importing options are also outstanding in GoSystem Tax RS, with users able to import data from just about any accounting system.
- Berkowitz Pollack Brant found significant improvements to efficiency by creating processes which reduced or removed the need for this kind of repetitive, manual data entry.
- The product also offers a custom tax equalization module that is designed to handle expatriate calculations.
- With extensive integration capability with CS Professional Suite along with various third-party applications, users have access to the data and documentation needed to easily process even the most complicated return.
Review of GoSystem Tax RS – From Thomson Reuters
Also included is the Partner Bridge, which allows firms to create Data Interchange Format (DIF) files automatically when subsidiary company partner information is imported or exported. Electronic filing is supported in GoSystem Tax, with both federal and state e-filing available. Users can click on any line in the tax form to display an audit trail for the amount represented. The program also includes diagnostic messages that help to pinpoint return inconsistencies and errors. An auto-compute feature is also available that allows users to easily view results as data is being entered into the system.
Review of GoSystem Tax RS
The QuickTrack option allows users to easily navigate to frequently used organizer screens, and QuickForm provides users with a list of all major tax forms on a single screen, where users can then navigate to access the organizer gross margin vs. contribution margin screen they desire. GoSystem Tax RS is the go-to option for larger firms that routinely process complicated, multi-faceted returns for their clients. The system easily supports multi-preparers for a single return, and the extensive integration options with CS Professional Suite work to create a comprehensive application that can easily handle the most difficult return in a straight-forward manner.
Benefits of in person learning for tax and accounting professionals
It also allows clients to easily share confidential documents via the portal, making it much easier to obtain vital information from clients. GoSystem Tax RS from Thomson Reuters is part of the CS Professional Suite of applications. A good fit for larger accounting firms as well as corporate tax departments, GoSystem Tax RS is equipped to handle the complex corporate returns, life insurance returns, and tax equalization returns, easily handling individual returns as well.
The product also integrates with Practice CS, Fixed Assets CS, and Planner CS, as well as NetClient CS. Integration with the optional Go-Tracker module allows users and administrators to log time, monitor vital dates, set milestones, and track tasks, helping to improve overall firm workflow while also ensuring that a vital due date is not overlooked. For firms that wish to implement paperless solutions, GoSystem Tax RS offers seamless integration with third-party applications such as SurePrep and GruntWorx from Copanion offer automated creation of bookmarked PDF tax workpapers. Both systems also allow users to import tax data directly into GoSystem Tax RS client returns. GoSystem Tax RS offers an excellent selection of help and support options, with users able to access help files from any screen in the application. A variety of online tools and resources are also available to users through the password protected website, including access to a robust user community.
Users can also utilize the Help and How-To Center for access to a searchable knowledgebase as well as the GoSystem Tax RS support page, which includes access to product updates and new releases, as well as detailed user training information. GoSystem Tax RS offers solid help functionality, with help options available directly from the user interface. The Help and How-To Center offers support options for all modules, along with a searchable knowledgebase, user guides, and various training options, which include web, classroom, custom, and on-demand training. GoSystem Tax RS offers complete integration with other CS Professional Suite applications which include Accounting CS, Workpapers CS, Trial Balance CS, Write-Up CS, and both FileCabinet CS, and GoFileRoom, mentioned earlier. Other integrations include AdvanceFlow, a cloud-based audit management application along with Practice CS, Fixed Assets CS, and Planner CS, which allows user to create multiple tax strategies for their clients in order to minimize tax liability.
A good fit for larger accounting firms as well as corporate tax departments, GoSystem Tax RS is equipped to handle the complex corporate returns, life insurance … Users can also navigate directly to a specific form using the QuickForm feature, with links available to three common currency choose from numerous form options. Once a return is completed, users have the option to preview the return for errors or omissions. GoSystem Tax RS supports multiple monitors, making it easy to view various sections of a return simultaneously.
