20 UltraTax Add-Ons for Smarter Tax Practice Management

Running a tax practice is challenging in the present age, as it involves managing global clients, collecting various documents, keeping track of IRS regulations, and filing taxes within deadlines. UltraTax CS software (a part of the CS Professional Suite) has been the go-to tax software for firms, as it facilitates error-free tax calculations and filing.  

However, to create a complete tax practice ecosystem, you must integrate UltraTax with other applications that offer complementary features and boost its capabilities. These can be Thomson Reuters products or third-party applications. 

Let’s discuss these addons for UltraTax in detail.

CS Professional Suite Applications

1. Accounting CS

Accounting CS is a one-stop accounting and payroll solution for small businesses. It includes advanced features for custom financial reporting, general ledger, after-the-fact payroll, accounts payable, accounts receivable, write-up, and trial balance. Accounting CS integration with UltraTax CS enables accounts to import general ledger balances into the tax software.      

2. FileCabinet CS

FileCabinet CS is a desktop-based document management tool that optimizes file organization. You can add text, files, and audio clips to documents, track user history, and automatically back up files. Integrate UltraTax CS with FileCabinet to get easy access to client files. 

3. Fixed Assets CS

A depreciation software, Fixed Assets CS optimizes asset management, with features such as real-time asset tracking, disposition, and depreciation treatments. In addition, it automates calculations of state and federal depreciation.

Fixed Assets CS integrates with UltraTax, ensuring that depreciation data is accurate and up-to-date, minimizing errors and audit risks.

4. NetClient CS

NetClient CS is a cloud-based client portal that enhances client collaboration. It enables accountants to store and share documents securely, eliminating long email threads and printing costs. NetClient CS integrates with UltraTax CS to optimize tax filing and returns.    

5. Planner CS

Planner CS is a tax planning solution for accounting firms. It enables tax preparers to stay updated with the changing tax regulations and offer clients the right strategies for the upcoming tax season. You can integrate Planner CS with UltraTax CS to export 1040 client data for your clients.  

6. Practice CS

Practice CS is a practice management software by Thomson Reuters. It helps accountants optimize their time, billing, and scheduling. You can track billing hours, create invoices, and accept payments on this scalable platform. 

Moreover, it offers custom reporting to identify areas for improvement and optimize your workflow. Tax preparers can integrate Ultra Tax CS with Practice CS to align time tracking with actual return preparation tasks and export invoices. 

7. Workpapers CS

Workpapers CS is a workpaper and trial balance tool that offers accountants and tax preparers a unified platform to share information.

You can also create template clients to standardize engagements. You can import adjusted general ledger balances from Workpapers CS to UltraTax CS.

8. Engagement Manager

Engagement Manager is an online platform that manages engagements, trial balances, and workpapers. It also offers deep data insights through custom reports, AI-based risk analysis, and dashboards.

When integrated with UltraTax, you can auto-generate engagement letters, compile required client deliverables, and track whether a client has completed requested items.

Other Thomson Reuters Applications

9. Onvio Firm Management

Onvio Firm Management is a cloud practice management suite that many accounting firms use with UltraTax CS.

It centralizes client info, job status, and document flows. You can use Onvio to manage the tax engagement pipeline, allocate personnel, and automate reminders. 

10. GoFileRoom

GoFileRoom is a cloud-based document management platform by Thomson Reuters, which gives accountants and tax preparers round-the-clock access to their documents.

It deploys advanced security features to ensure complete data protection. Tax preparers can integrate GoFileRoom with UltraTax CS to optimize document storage, search, and management.    

11. Checkpoint

Thomson Reuters’ CheckPoint is a group of solutions that offer research, learning, and guidance materials for tax, auditing, finance, payroll, etc.

Integrating Checkpoint into your tax workflow reduces research time, as it helps you find citations and analysis easily. UltraTax CS users can integrate CheckPoint to get assistance on tax planning, compliance, and research.      

12. PPC Deskbooks

These are resources offered by Thomson Reuters that include planning guides, learning materials, checklists, and more. You can access PPC Deskbooks from all sections of the input screen in UltraTax CS.   

13. Quickfinder on ProView

It is a library that offers tax preparers research material, including the 1040 Quickfinder Handbook. You can access Quickfinder from UltraTax CS by clicking on the Quickfinder checkbox on the Research tab under User Preferences.  

14. TaxCaddy

TaxCaddy is an app-based client portal that streamlines the process of document collection during tax filing. Clients can upload or scan the necessary documents on the portal through their smartphones and e-sign the engagement letter. 

Meanwhile, tax professionals can create a document-request checklist and view the uploaded documents on the unified dashboard. TaxCaddy is available on Android, iOS, and desktop. Integration of UltraTax CS with TaxCaddy ensures a streamlined tax workflow.   

15. 1040Scan

1040Scan is a software solution that uses OCR (Optical Character Recognition) technology to scan documents for essential information, such as letters and numbers.

It then verifies OCR data using AI-based tools, optimizing efficiency and reducing manual errors. You can integrate 1040Scan with UltraTax CS to export data directly into the tax software.

16. SPbinder

SPbinder is a tax workpaper organization tool that organizes workpapers on a workflow in accordance with 1040 tax returns.

Moreover, you can also create workpapers with annotations and notes, as per your business requirements. SPbinder, when integrated with UltraTax, enables tax professionals to compile client deliverables, such as signed forms, review notes, and final PDFs.

Third-party Applications

17. Ace Cloud Hosting

Ace Cloud Hosting is a trusted managed cloud service provider for the tax and accounting industry, offering high-performance and secure application hosting.

Since UltraTax is a desktop application and does not support native remote access, hosting UltraTax on a dedicated server with Ace Cloud Hosting enables you to access UltraTax anytime, from anywhere. This allows you to manage tax filings and client data centrally without dependency on local systems.

With Ace Cloud Hosting, you get 99.99% uptime, 45-day automated backups, 24×7 human support, and enterprise-grade security features including multi-factor authentication, firewalls, and continuous monitoring.

18. Ledgible Crypto Tax Pro

Ledgible Crypto Tax Pro is a cryptocurrency tax reporting software that ensures compliance with accurate reporting and automated transaction tracing. Moreover, you can import reports directly into UltraTax CS for accurate tax calculations.     

19. SafeSend One

SafeSend One automates the assembly and delivery of tax returns. It gives you a unified workflow for tax returns and offers real-time tracking of client reviews.

Moreover, tax preparers are paid automatically with integrated payment options. SafeSend One integrates with UltraTax CS to fast-track filing.    

20. SmartVault

SmartVault is a secure document management solution designed for accountants and tax preparers. It offers a cloud-based platform with advanced security features for seamless client collaboration.

SmartVault’s integration with UltraTax CS automates the tax workflow, offering features like SmartRouting, SmartRequest AI, and e-signatures. Moreover, it offers a dedicated client portal for sharing and approving documents.       

Automate Your Tax Practice with UltraTax Add-ons

Integrating UltraTax CS add-ons with the software gives you a comprehensive solution for your tax practice.

It automates your tax process, as data from these applications is synchronized in real time. Moreover, it minimizes human errors and saves the preparer’s time. 

Which integrations and addons are you using with your UltraTax software? Please share in the comments.