Keeping pace with the changing tax scenario can be difficult, more so when you have a diverse range of clients and are following manual tax return process. The mounting work, complex calculations, and processing taxes can add to your woes and leave you with no time to concentrate on your core business. ProSystem fx Tax is a tax compliance and preparation solution that automates your tax return process. It is user-friendly and aims to keep you away from the clutter.
This software, is a good fit for firms with having a wide range of clients, offers multiple platforms, including SaaS, to choose from. It provides electronic filing for both state and federal returns. ProSystem fx Tax is today offered as three different solutions, namely, ProSystem fx Tax, ProSystem fx Tax SaaS and Global fx. Although these solutions have similar functions and capabilities, they differ in their implementation. Being the traditional desktop solution, ProSystem fx Tax is the most used platform among all of these.
This software offers various automatic calculating forms and supports almost all state electronic filing. It is compliant with e-file format and ensures that all returns follow the same format. With it, you can look forward to not just automate your tax preparation process but also save your valuable time that you can devote to your customers.
The modules offered include individual, corporation, data conversion, employee benefit plan, estate and gift, electronic filing, fiduciary, productivity tools and partnership, among others. These modules simplify your tax preparation process and provide detailed reports that let you simplify audit and planning. Each module helps you accordingly, for instance corporation module eases your federal and state tax preparation and let you streamline any corporate return. Similarly, productivity tools offer various options to help you with your practice. For example, with Client Manager, you can create and maintain the profiles of your clients. With Engagement Plus, you can get an overview of your firm’s engagements. And if you want to search for the information of your client, you have Data Scan. Several more such tools can be exploited to see what suits you best.