Learn how policies have been implemented and designed to maximize the value of your support experience. Use these procedures to transfer a client’s general ledger account balances from Workpapers CS to GoSystem Tax RS. Enhance your tax workflow experience with Thomson Reuters Professional Services and Thomson Reuters Partners. Join us as we explore the future of tax automation, and gain valuable insight into staying ahead of the curve in recruiting and retention. By submitting this form you are acknowledging that you have read and agree to our Privacy Statement.
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 software is used by almost over 100 CPAs and is best recommended to facilitate the process of filing a tax return. It is considered to be one of the leading markets in the corporate sector of the tax department. Taxpayers usually find it difficult to collect documents and file the return, likewise, professionals filing the tax returns find it difficult to manage their jobs.
- GoSystem Tax software is used by almost over 100 CPAs and is best recommended to facilitate the process of filing a tax return.
- 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.
- See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios.
- Use these procedures to transfer a client’s general ledger account balances from Workpapers CS to GoSystem Tax RS.
To facilitate the process of filing a tax return, Thomson Reuters introduced the GoSystem Tax Solution. This tax solution is one of the most comprehensive tax preparation software aimed to assist professionals in making tax returns and aiding the process of filing tax returns. Used by the top 100 CPA firms, Thomson Reuters GoSystem Tax RS is the market leader for corporate tax departments.
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. GoSystem Tax APIs enable you to automate tax workflow processes related to e-Filing, printing, and importing/exporting tax return data. Save time on return filing by letting our solutions import in real time hundreds of partners into a partnership return or update a specific value within the tax return using live APIs. 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.
Services
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, writing first draft of grant narrative and rest easy with assured business continuance. 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.
- 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.
- Use the following procedures to transfer general ledger account balances, tax code information, and journal entry detail from a Workpapers CS client into the client’s database within GoSystem Tax RS (v.12-2 and higher).
- GoSystem Tax RS pricing is customized for each firm, starting at around $4,000 annually for a single-user system.
- GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal.
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 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.
What you get with our professional income tax software
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 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.
Legal data & document management
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 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.
Information security
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. Those using Thomson Reuters GoFileRoom or FileCabinet CS can automatically save the completed return directly without leaving the application. 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.
Tax authorities
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. Implementing GoSystem Tax APIs is as easy as picking from our standard out of the box and ready to go solutions with no developer experience needed. For more complex tax workflows, we offer the ability to customize an API solution that fits your business best. 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 also integrates with a variety of third-party applications which include EMC Documentum, SurePrep, and Copanion, which all use OCR processing technology. GoSystem Tax RS 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.
Peter Walker of Berkowitz Pollack Brant shares how the firm used GoSystem Tax APIs to automate one-time data entry for 1065 federal engagements. 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. See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex tax scenarios.
Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships. Use the following procedures to transfer general ledger account balances, tax code information, and journal entry detail from a Workpapers CS client into the client’s database within GoSystem Tax RS (v.12-2 and higher). The export file (XML format) contains Workpapers CS tax codes that are automatically mapped to the corresponding Tax Return Codes and M-3 Return codes when they are imported. 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. These endpoints implement a JSON-based messaging structure, which allows for concise, lightning-fast requests to the GoSystem Tax product.
Protect your data with multiple layers of security, including network security, virus protection, encryption schemes, and more. The sole purpose of GoSystem Tax Solution is to help professionals advance their business and gain competitive advantages with the trusted knowledge base that is provided by Thomson Reuters. Our continued learning packages will teach you how to better use the tools you already own, while earning CPE credit. Create integration with your own applications by embedding the GoSystem Organizer and Tax Form view in an interactive iFrame.