Automate your practice with GoSystem Tax: Save time, risk, cost Thomson Reuters

GoSystem Tax RS from Thomson Reuters is best suited for mid-sized to larger firms that process complex returns for larger organizations and individuals. One of the earliest tax compliance solutions to offer a web-based solution, GoSystem Tax RS has … Completely web-based, GoSystem Tax RS offers an easily navigated user interface that supports multiple monitors and allows users to customize the system in order to display frequently used functions. The QuickTrack option allows users to easily navigate to frequently used organizer screens, and QuickForm provides users with a list of all major tax forms on a single screen, where users can then navigate to access the organizer screen they desire. GoSystem Tax RS is the go-to option for larger firms that routinely process complicated, multi-faceted returns for their clients. The system easily supports multi-preparers for a single return, and the extensive integration options with CS Professional Suite work to create a comprehensive application that can easily handle the most difficult return in a straight-forward manner.

Review of GoSystem Tax RS – From Thomson Reuters

See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios. “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.

APIs by industry

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

1. 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.
2. Both systems also allow users to import tax data directly into GoSystem Tax RS client returns.
3. It also allows clients to easily share confidential documents via the portal, making it much easier to obtain vital information from clients.
4. Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more.

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 annualized income installment method 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. Using the portals provides clients with access to tax returns and other confidential documents. It also allows clients to easily share confidential documents via the portal, making it much easier to obtain vital information from clients.

GoSystem Tax RS is optimally designed for mid-sized to larger accounting firms that handle a variety of complex returns for their clients. 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 is designed to handle more complicated returns, allowing multiple system users to access a single return concurrently.

Efficiency gains from automation are not only found in data entry

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 does not include a portal, but firms can choose to utilize the NetClient CS Portal, which is part of the CS Professional Suite of applications that seamlessly integrate with the application.

Berkowitz Pollack Brant shares their automation experience with GoSystem Tax APIs

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. Cryptocurrency tax reporting software that streamlines the compliance workflow process.

GoSystem Tax RS pricing is dependent on firm needs, and starts at around $4,000 per year for a single user. Users also have easy access to numerous online tools and resources by accessing the Customer Center. Here, users can manage their account, access and download product enhancements, access the toll-free support center or begin a chat support session. The Help and How-To-Center offers access to support options for all CS Professional Suite modules, and users also have access to a searchable knowledgebase. Training options vary, and include web, classroom, custom training, and on-demand training, with some training suggested prior to using the application.