Creative Solutions' Ultra Tax - A review

Ultra Tax is one of the Industry’s most trusted professional tax preparation products made use of by accountants world over. The product streamlines the various processes involved in tax practice workflow enabling companies to improve efficiency and productivity, saving time and costs involved. Available in over 200 modules, Thomson Creative Solution’s Ultra Tax can easily be integrated with the company’s suite for asset management, tax planning, professional accounting and productivity programs.

Thomson’s Ultra tax product suite makes use of the latest in technology, incorporating tools to enable various processes from electronic filing to paperless processing. The solution is also available with various web based tools like Web client organizers and 1040 Portals. These tools help Ultra Tax provide explicit service and enhance productivity, maximizing corporate profitability in the process.

Ultra tax CS can also be integrated cross product with other CS professional suite products like PPC Deskbooks, Tax Alerts and CheckPoint. This helps minimize time taken for data entry and tax processing activities, increasing efficiency and productivity.

The Ultra tax CS product is also available with a number of different modules to cover the gamut of taxation services. These include diagnostic tools, a depreciation module, efficient review tools and many more. Priced moderately at $6240, for a four user licensing, Ultra Tax CS may also be used on a pay-per-return basis.

With extensive features that help companies derive maximal benefits, the Ultra tax CS from Thomson is one of the best taxation suites to adopt among its peers currently offered in the market, making it one of the most trusted solutions adopted by thousands of customers world over.

Intuit's Lacerte - A review

How often has tax preparation been a cumbersome and pains taking task? With the increasing complexity in tax laws, Intuit’s Lacerte product line comes as a boon to professionals and part time tax preparers. Used by over 40,000 firms and ranked consistently among accountants and accounting firms as one of the leading tax solutions software, Lacerte is one of the undisputed market leaders in its segments.

Lacerte’s professional tax solutions cater to a wide range of target audience from beginners to part timers and even professional firms having multiple services all year long. The software provides a wide range of functionality and is equipped with tools and processes that help streamline workflow management, increasing productivity, efficiency and the corresponding profitability.

Lacerte professional tax solutions are available in various different editions each catering to a different market. Individual, partnership, corporate, fiduciary, estate, gift, exempt, benefit plans and state modules are some of the different editions available.

Intuit’s Lacerte professional tax solutions also focus on a number of features that help provide users an easy to use simplified taxation solution. Some of these features that enhance user benefit include:

• Focus on productivity by providing an easy to use interface, access to data, diagnostics and other tools


• Natural workflow design to provide easy access to forms, save time in review processes and match tax returns flow.


• Return review features to view forms in the same format as will be printed, automated reports, analysis, emails and clear visibility to support work sheets and statements.


• Diagnostics and error checking features


• Multi user support with exceptional performance.

These are but a few of the many features that make Intuit’s Lacerate suite of professional tax solutions easy to use and a productive option for companies, accountants and part time tax preparers.

Intuit’s Pro Series - Review

The ProSeries tax software from Intuit has evolved from TurboTax. Today ProSeries is one of the most widely used professional tax preparation software. It has become the tax software that most tax prepares swear by. There are mainly three versions of ProSeries, namely ProSeries Basic, ProSeries Express and ProSeries professional.
ProSeries has made the job of preparing tax returns easy. ProSeries has features that show tax prepares when data is missing. Tax prepares can now write client messages, flag a section of a return, create reminders and prepare multi-state returns. More and more tax prepares have started switching over to ProSeries.
The following is a list of the advantages that Intuit’s ProSeries offer:

• Excellent technical/customer support eliminates down time for tax preparers


• K-1 Import feature and client analyzer reduces time and effort


• Print preview feature enables printing of different copies for filing, clients and for preparers


• ProSeries enables tax prepares to process returns at a face pace


• ProSeries has an easy to use interface that is similar to Quickbooks


• ProSeries ensures that every aspect of tax return preparation is covered


• In ProSeries, forms are categorized and easy to find


• Form input tabs in the software enables easy navigation


• Forms can be checked off for the preparation of a particular return

If your organization prepares tax returns, opt for Intuit’s ProSeries. With Intuit’s ProSeries, your tax preparers can work more efficiently and accurately.

Outsource Tax Preparation and VAT Returns to Stay Competitive!

Tax preparation can be defined as the act of preparing the filing of income tax returns. Most companies in the U.S and U.K prefer to outsource their tax preparation services because of the complex income tax laws. Organizations, whose core business functions are not tax preparation, outsource in order to concentrate on core business processes and save on time and effort.
You can find a reliable tax preparation partner in India who can provide you with professional tax preparation services and tax consulting services. Outsourcing tax preparation to India can help you to deal with your tax workload and can also help your organization to meet its taxation filing deadlines on time. Outsource tax preparation services and focus more on your business and customer relationships.
The following is a list of tax preparation services that can be outsourced to providers in India:

For Partnerships

• K-1(Worksheet)
• Form No.1065

For Corporations

• Form No.1120S for Statutory Corporation
• Form No.1120Form No. 1120A

For Individuals

• Form No.1040EZ
• Form No.1040X
• Form No.1040
• Form No.1040A

VAT return services are usually required after the tax period is over. A VAT return would include the amount of VAT charged on sale and the VAT that has to be deductible on purchases. Filing VAT returns can be tedious and time-consuming. Outsourcing VAT returns can give you access to professional services and also help your organization to save on time, money and effort. In India, you can find an expert VAT returns service provider who can provide you with efficient services at a cost-effective price and within a fast turnaround time.

The following is a list of VAT return services that can be outsourced to service providers in India:

• Correcting VAT return forms
• Ensuring minimal VAT returns
• VAT calculations
• VAT return consulting
• VAT administration