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.
- Though offered online exclusively, users can work online or off-line, with all data entered quickly uploaded once an online connection is re-established.
- GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal.
- Another handy feature is the ability to click on any line on a completed tax form to display an audit trail for the amount displayed.
- Data importing options are also outstanding in GoSystem Tax RS, with users able to import data from just about any accounting system.
GoFileRoom
Electronic filing is available for federal and state forms, and the product easily handles multi-state returns. 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. Easy integration with CS Professional Suite applications means that firms have access to an unlimited number (sold in bundles of 1,000) of base portals through NetClient CS for a flat monthly fee. It also allows clients to easily share confidential documents via the portal, making it much easier to obtain vital information from clients. Completely online, GoSystem Tax has an intuitive user interface that is easily navigated, and offers easy access to organizers, as well as multiple views. The product supports multiple monitors, making it particularly useful for firms with multiple users.
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. See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. Review consolidated filings with the SubView module, which itemizes member amounts for each line of the return. Tax return assembly & delivery automation for individual and entity returns, with a superior client experience. Protect your data with multiple layers of security, what is vertical analysis including network security, virus protection, encryption schemes, and more. From AI-driven solutions to cutting-edge advancements in digital transformation, find out what’s next from Thomson Reuters at SYNERGY 2024.
Legal data & document management
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. GoSystem Tax does not include a portal, but firms can choose to utilize the NetClient CS actuarial gain or loss definition 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. For those currently using other Thomson Reuters applications, most data can be imported directly into GoSystem Tax RS, with users able to route PDF copies of returns directly to FileCabinet CS or GoFileRoom for easy electronic document storage and management.
Tax & Accounting
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 … For firms that wish to implement what is cost of capital and why is it important for business in 2019 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.
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. GoSystem was one of the first tax compliance software applications to offer an online accessible tax compliance application, with firms able to choose accessibility through an online virtual office or to access GoSystem Tax RS as a SaaS application.
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 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.
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.
