See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. Walker shares, “In the last couple of years, a lot of companies undertook automation because of the environment that we were forced to live in. They were forced into the position to do so, and they adapted or they went out of business. CPA Practice Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more. “People gravitate to what they’re comfortable with, much like accountants gravitate to Excel.
Legal data & document management
GoSystem Tax RS is best suited for larger firms or corporate tax departments who are tasked with preparing complex tax returns for a variety of clients. The application also offers top-notch integration with other CS Professional Suite applications that increase functionality tremendously. 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.
GoSystem Tax RS
Import hundreds of partners into a partnership return or update a specific value within a tax return in real time using one of the 38 GoSystem Tax APIs available on the Developer Portal. GoSystem Tax RS has 36 business expense categories for small businesses and startups a minimalist approach, using intuitive user entry screens that are populated only with necessary features and functions. GoSystem Tax RS makes good use of tax organizers, allowing users to access the client organizer or the tax forms. The QuickTrack feature offers access to organizer details, with a series of links available for quick access to a particular area within the organizer. An online pioneer, GoSystem was one of the first tax compliance software applications to offer web accessibility, GoSystem Tax conveniently offers users the ability to work both on or off-line, with the data quickly uploaded once connected. Though it’s a common practice throughout the accounting profession to collect client data via an Excel workbook and then manually re-enter that same data into accounting software, it’s also a known vulnerability in managing cost and time.
Review of GoSystem RS Tax
So, success (in automation) is about ensuring the cost and effort that it took to implement the solution is enforced with a healthy ecosystem, a healthy process that maintains assignee in insurance that means it.
GoSystem Tax RS offers solid help functionality, with users able to access help directly from any user interface screen. There are a variety of online tools and resources available including an online community, where users can share information and ask questions of fellow users. Users can also access product support via the support page, or by using the toll-free number provided. GoSystem Tax RS does not offer a portal, but the product offers easy integration with the NetClient CS Portal, part of the CS Professional Suite of applications. The NetClient CS Portal allows firms to share returns with clients, with clients provided with secure access to the portal, where they can upload source documents and other related information. Data can also be imported directly to the application from a variety of applications if necessary.
GoSystem Tax RS from Thomson Reuters best suited for mid-sized and large firms that process more complex returns such as consolidated corporate returns, life insurance returns, and tax equalization returns. GoSystem Tax also offers individual tax filing and integrates well with the Thomson Reuters CS Suite of tax and accounting products. GoSystem Tax offers an intuitive user interface with the ability to customize the interface to better suit their needs. Easy access is provided for all tax organizers, and the product supports multiple monitors for easy form preparation.
- 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.
- A variety of data can be imported including a trial balance, a client organizer, and tax forms.
- CPA Practice Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
- GoSystem Tax RS does not offer a portal, but the product offers easy integration with the NetClient CS Portal, part of the CS Professional Suite of applications.
- GoSystem Tax offers an intuitive user interface with the ability to customize the interface to better suit their needs.
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. Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships. GoSystem Tax does not include a portal, but firms can choose to utilize the NetClient CS Portal, which is part of the CS Professional Suite of applications that seamlessly integrate with the application. incremental analysis definition The NetClient CS Portal allows firms to share returns with clients, as well as providing clients with the ability to upload necessary documents when requested.
Other integrations include 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. GoSystem Tax RS also integrates with a variety of third-party applications which include EMC Documentum, SurePrep, and Copanion, which all use OCR processing technology. The application also offers seamless integration with QuickBooks products as well as GoTracker, an add-on application that logs time, monitors due dates, and sets customizable milestones and tasks for system users for improved workflow capabilities. Along with the Thomson Reuters applications mentioned above, GoSystem Tax RS also integrates with a variety of third-party applications such as EMC Documentum, SurePrep, and Copanion, which all use OCR processing technology. Users can also easily access research content from applications such as Checkpoint, PPC Deskbooks, and Partner Bridge.