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. Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships. Leveraging APIs, BPB streamlined the activity of their workbooks by implementing an automated process that enables one time data entry for 1065 federal engagements.
Integrate GoSystem Tax RS with these products and services to streamline your workflow
Users can also navigate directly to a specific form using the QuickForm feature, with links available to 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. 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 CS can automatically save the completed return directly without leaving the application. 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.
- In addition, users can create an unlimited number of tax scenarios for their clients over any number of years, including both resident and nonresident tax liabilities.
- GoSystem Tax RS pricing is customized for each firm, starting at around $4,000 annually for a single-user system.
- Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships.
- They were forced into the position to do so, and they adapted or they went out of business.
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. GoSystem Tax RS supports multiple users, making it easy for a team to work on a return simultaneously. Diagnostic messages are available throughout the application and users can click on any line in a completed return to view a complete audit trail for the amount entered. 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.
Also included is the Partner Bridge, which allows firms to create Data Interchange Format (DIF) files automatically when 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 consolidated filings with the SubView module, which itemizes member amounts for each line of the return. CPA Practice Advisor is registered with the National Association of State Boards of Accountancy actuarial gain or loss definition (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.
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. 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 & document management
The QuickTrack feature allows users to easily access frequently used organizers and the QuickForm option offers easy access to all major tax forms. GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal. The portal offers easy document exchange between clients and firms, with clients provided secure access to the portal, where they can upload or download documents at any time. Data importing options are also outstanding in GoSystem Tax RS, with users able to import data from just about any accounting system. A variety of data can be imported including a trial balance, a client organizer, and tax forms.
Media Solutions
Established in 1980, Berkowitz Pollack Brant (BPB) is a certified public accounting firm with offices in Miami, Ft. With more than 300 accountants, tax specialists, and consultants, BPB is one of the largest accounting firms in South Florida and one of the top 100 firms in the United States. “One of the pain points consuming a lot of time and causing issues and inefficiencies in our tax department was the activity of our workbooks. Data is collected, calculations are done, and then the data from the Excel workbook must be manually re-entered into GoSystem Tax RS,” said Walker.
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 …
