Why choose GoSystem Tax RS?

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  • Published date: July 28, 2021
    • Navrangpura, Ahmedabad, Gujarat, India
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Why choose GoSystem Tax

What is a GoSystem Tax Solution?

Thomson Reuters developed GoSystem Tax Solution, which is a tax planning app. Thomson Reuters is an organization that provides information and technical expertise to specialists in the fields of law, tax, compliance, finance, and media.

Taxpayers often have a difficult time gathering records and preparing returns, and people who prepare tax returns have a difficult time managing their careers. Thomson Reuters launched the GoSystem Tax Solution to make the task of filing a tax return easier. This tax solution is one of the most advanced tax planning software programs available, designed to support practitioners in preparing and filing tax returns.

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 complex corporate returns, life insurance returns, and tax equalization returns, easily handling individual returns as well.

GoSystem Tax RS takes a streamlined approach, using simple user entry screens with only the most important features and functions. Tax organizers are used extensively in GoSystem Tax RS, enabling users to access the client organizer or tax forms. The QuickTrack function provides fast access to organizer information, with a set of links to specific areas inside the organizer.

Users may also use the QuickForm function to go straight to a given form, with access to a variety of form choices available. After completing a return, users can check for errors or omissions by previewing it. GoSystem Tax RS allows several displays, allowing you to access different parts of a refund at the same time. Corrections may be rendered immediately in the organizer if errors are discovered, with the ability to refresh the return to accommodate the modifications.

GoSystem Tax RS also has an automated calculation feature that allows users to see return estimates as they enter details, with the ability to turn it off if desired.

What is it supports:

Users will scan, update, and verify any completed return before e-filing it with GoSystem Tax RS, which facilitates both federal and state e-filing. Many users are supported by GoSystem Tax RS, making it simple for a group to function on a return at the same time. Diagnostic messages are visible in the program, and users can access a full audit trail for the number entered by clicking on either line in a completed return.

What is it offers:

GoSystem Tax software 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. Other integrations include AdvanceFlow, a cloud-based audit management application along with Practice CS, Fixed Assets CS, and Planner CS, which allows users to create multiple tax strategies for their clients to minimize tax liability.

What is it best suited:

Larger companies or corporate tax teams charged with preparing detailed tax returns for several customers will benefit from GoSystem Tax RS. The framework also has excellent connectivity with other CS Professional Suite software, which greatly expands its capabilities. Pricing for GoSystem Tax RS is tailored to each business, with single-user systems beginning at about $4,000 a year.

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