The product also works offline, with data synching with the core application upon reconnection. Used by the top 100 CPA firms, Thomson Reuters GoSystem Tax RS is the market leader for corporate tax departments. 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, and rest easy with assured business continuance.

Business development

The GoSystem Tax APIs have industry leading asynchronous APIs which allows for time consuming requests to process in the background while other requests are made. 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. Live APIs are currently available for the following tax forms, 990, 1040, 1041, 1065, and 1120. Review consolidated filings with the SubView module, which itemizes member amounts for each line of the return.

Integrate GoSystem Tax with the rest of your application tech stack

“One of the pain points consuming a lot of time and causing issues and inefficiencies in our tax department was the activity of our workbooks. Data is collected, calculations are done, and then the data from the Excel workbook must be manually re-entered into GoSystem Tax RS,” said Walker. Established in 1980, Berkowitz Pollack Brant (BPB) is a certified public accounting firm with offices in Miami, Ft.

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 from Thomson Reuters is part of the CS Professional Suite of applications. 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.

1. GoSystem Tax RS does not currently offer a portal directly within the application, though it does integrate with the NetClient CS Portal.
2. 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.
3. 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.
4. “One of the pain points consuming a lot of time and causing issues and inefficiencies in our tax department was the activity of our workbooks.
5. Data is collected, calculations are done, and then the data from the Excel workbook must be manually re-entered into GoSystem Tax RS,” said Walker.

Law firm marketing

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. A good fit for larger accounting firms as well as corporate tax departments, GoSystem Tax RS is equipped to handle the complex corporate financial statements and their utmost importance to users returns, life insurance … 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.

Browse all GoSystem Tax RS help

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. 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.

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. 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 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. The QuickTrack feature offers access to organizer details, with a series of links available for quick access to a particular area within the organizer. 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. Though it’s a common practice throughout the accounting profession to collect client data via an Excel workbook and then manually re-enter that same data into accounting software, it’s also a known vulnerability in managing cost and time. Berkowitz Pollack Brant found significant improvements to what is equity method of accounting efficiency by creating processes which reduced or removed the need for this kind of repetitive, manual data entry. 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. Tackle the most complex tax returns, such as multitiered consolidated return processing for corporations and partnerships.

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. Leveraging APIs, BPB streamlined the activity of their workbooks by implementing an automated process that enables one time data entry for 1065 federal engagements. Peter Walker of Berkowitz Pollack Brant shares how the firm used GoSystem Tax APIs to automate one-time data entry for 1065 federal engagements. Process individual, corporate, and partnership returns with timesaving tools, such as the Allocation and Apportionment module.

A variety of online tools and resources are also available to users through the password protected website, including access what makes some people more likely to volunteer than others to a robust user community. 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 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.