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. GoSystem Tax RS has a minimalist approach, using intuitive user entry screens that are populated only with necessary features and functions.
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.
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. GoSystem Tax RS is optimally designed for mid-sized to larger accounting firms that handle a variety of complex returns for their clients.
Trial readiness, process & case guidance
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 offers excellent integration options, integrating with Accounting CS and Workpapers CS, Trial Balance CS, Write-Up CS, FileCabinet CS, and GoFileRoom, as well as AdvanceFlow, a cloud-based audit management application. 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.
Berkowitz Pollack Brant shares their automation experience with GoSystem Tax APIs
GoSystem Tax RS supports both federal and state e-filing, with users able to validate returns prior to e-filing. 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. Diagnostic messages are also available in the application and users can easily view processing results as they are entered using the auto-compute feature. 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 does not offer a portal, but the product offers easy integration with the NetClient CS Portal, part of the CS Professional Suite of applications.
Risk & compliance management
Tax return assembly & delivery automation for individual and entity returns, with a superior client experience. SurePrep 1040SCAN automates data entry and work-paper indexing on 4 to 7 times as many documents as alternative scan-and-populate solutions. UltraTax CS displays client information, form details, prior-year returns, and advanced diagnostic tools on up to four separate screens.
With extensive integration capability with CS Professional Suite along with various third-party applications, users have access to the data and documentation needed to easily process even the most complicated return. GoSystem Tax RS pricing is customized for each firm, starting at around $4,000 annually for a single-user system. 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.
- The product also offers a custom tax equalization module that is designed to handle expatriate calculations.
- GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal.
- Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more.
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 global alternator decoupler pulleys security, virus protection, encryption schemes, and more.
Connect with a Thomson Reuters solution expert to see what groundbreaking functionalities have been missing from your preparation 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 with a healthy ecosystem, a healthy process that maintains it. Our latest Future of Professionals Report examines how AI technology is transforming professional work, highlighting key findings and recommendations. By submitting this form you are acknowledging that you have read and agree to our Privacy Statement.