Those using Thomson Reuters GoFileRoom or FileCabinet CS can automatically save the completed return directly without leaving the application. 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.

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. Established in 1980, Berkowitz Pollack Brant (BPB) is a certified public accounting firm with offices in Miami, Ft.

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.

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. 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. consolidated statements of comprehensive income 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. GoSystem Tax RS has 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.

  1. A variety of data can be imported including a trial balance, a client organizer, and tax forms.
  2. GoSystem Tax RS makes good use of tax organizers, allowing users to access the client organizer or the tax forms.
  3. More so than ever, it’s important to reevaluate your processes and your efficiencies.”
  4. Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more.

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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. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Tax return assembly & delivery automation for individual and entity returns, with a superior client experience. Beginning July 31, 2023 Thomson Reuters has extended its support options to include global shared service centers located outside the United States to service you.

Benefits of in person learning for tax and accounting professionals

The QuickTrack feature offers access to organizer details, with a series of links available for quick access to a particular area within the organizer. 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. “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. Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships.

The product also works offline, with data synching with the core application upon reconnection. 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.

Audit & accounting

GoSystem Tax RS pricing is customized for each firm, starting at around $4,000 annually for a single-user system. 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.

SafeSend Returns

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. 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 … The GoSystem Tax APIs enable firms to automate tax workflow processes related to e-Filing, printing, and importing/exporting tax return data. 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.

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. 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 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.

Leveraging APIs, BPB streamlined the activity of their workbooks by implementing an automated process that enables one time data entry for 1065 federal engagements. 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. Proxy server access to the application servers is support only in transparent mode. The client PC must be able to establish a connection using the actual TCP/IP address and port numbers of the application server with no application ‘awareness’ of a proxy server.

Cryptocurrency tax reporting software that streamlines the compliance workflow process. “People gravitate to what they’re comfortable with, much like accountants gravitate to Excel. So, success (in automation) is about ensuring the cost and effort that it took to implement the solution is enforced https://quickbooks-payroll.org/ with a healthy ecosystem, a healthy process that maintains it. Browse all our upcoming and on-demand webcasts and virtual events hosted by leading tax, audit, and accounting experts. Review consolidated filings with the SubView module, which itemizes member amounts for each line of the return.

Risk & compliance management

See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more. 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. More so than ever, it’s important to reevaluate your processes and your efficiencies.”

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. Available exclusively online, GoSystem Tax RS was one of the pioneers of online tax compliance, with firms able to access the application using an online virtual office or as a SaaS application.

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