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 … GoSystem Tax RS is well suited for firms preparing multitiered consolidated corporate … 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.
Data & document management
Because all work is handled online, you’ll pay less in maintenance costs, face fewer storage issues, and rest easy with assured business continuance. GoSystem Tax RS from Thomson Reuters is part of the CS Professional Suite of applications designed for accounting professionals and corporate tax departments alike. GoSystem Tax RS is well suited for firms preparing multitiered consolidated corporate returns, life insurance returns, and tax equalization returns, though the program handles individual returns as well. GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal.
- Users can also easily access research content from applications such as Checkpoint, PPC Deskbooks, and Partner Bridge.
- 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.
- The product also offers a custom tax equalization module that is designed to handle expatriate calculations.
- Data importing options are also outstanding in GoSystem Tax RS, with users able to import data from just about any accounting system.
- Electronic filing is supported in GoSystem Tax, with both federal and state e-filing available.
- The tax equalization module includes more than 20 templates, 11 equalization statement formats, and gross up calculations for a variety of states including AZ, CA, CO, CT, DC, DE, GA, IL, KY, LA, MA, MD, MI, MN, NC, NJ, NM, NY, OH, OK, PA, and SC.
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. 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. GoSystem Tax RS also features an automatic calculation option, allowing users to view return calculations as information is entered with an option to turn the feature off if desired. 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.
GoSystem Tax RS is designed to handle more complicated returns, allowing multiple system users to access a single return concurrently. The product also offers a custom tax equalization module that is designed to handle expatriate calculations. The tax equalization module includes more than 20 templates, 11 equalization statement formats, and gross up calculations for a variety of states including AZ, CA, CO, CT, DC, DE, GA, IL, KY, LA, MA, MD, MI, MN, NC, NJ, NM, NY, OH, OK, PA, and SC.
Manage workpapers, access research and guidance
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. 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 dividend payable dividend payable vs dividend declared 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.
Tax return assembly & delivery automation for individual and how does each step of the accounting cycle affect the next entity returns, with a superior client experience. Review consolidated filings with the SubView module, which itemizes member amounts for each line of the return. 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. Established in 1980, Berkowitz Pollack Brant (BPB) is a certified public accounting firm with offices in Miami, Ft.
Importing data from GoSystem Tax RS
If errors are found, corrections can be made directly in the organizer, with the option to refresh the return to reflect the changes. Those using Thomson Reuters GoFileRoom or FileCabinet marginal revenue definition example and formula CS can automatically save the completed return directly without leaving the application. GoSystem Tax RS also integrates with a variety of third-party applications such as EMC Documentum, SurePrep, and Copanion, all designed to decrease the amount of paperwork needed to process client returns.
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. 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.
Data can also be imported directly to the application from a variety of applications if necessary. 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 supports both federal and state e-filing, with users able to review, edit, and validate any completed return prior to e-filing.
Import/export capabilities
The product also works offline, with data synching with the core application upon reconnection. Used by the top 100 CPA firms, Thomson Reuters GoSystem Tax RS is the market leader for corporate tax departments. The software serves clients filing all return types — including multitiered consolidated corporate returns, life insurance returns (including mixed group filings), and tax equalization returns.
