Many of these systems also prepare digital workpapers. When the source documents are scanned, the systems identify the data and automatically populate client returns with it. Insight: Do more with less, by automating some of the data entry. CCH IntelliConnect or CCH Accounting Research Manager (Wolters Kluwer) (7.4%).Voters were allowed to select more than one, so totals exceed 100%. Some of the available tax research systems integrate with tax preparation programs, while others are used separately and can be used alongside any system. A comprehensive research system should include primary source material such as the federal tax code and state tax laws, as well as tax court rulings and expert analysis of these materials. Even the most seasoned pro can’t know everything, but the key is in having the knowledge of where to look, and the tools to find that information. Insight: Tax research is also critical to a successful tax practice. Thomson Reuters UltraTax CS Source Doc Processing (7.4%).We call these tools that fill in the gaps or help amp your firm productivity, “specialty systems.” Voters were allowed to select more than one, so totals exceed 100%. Insight: Even the most comprehensive tax prep system may not quite have everything you need for uncommon returns or your firm’s workflow process. Wolters Kluwer CCH ProSystem fx Planning (7.9%).Thomson Reuters Checkpoint or Planner CS (10.9%).And since major tax law changes are now an annual occurrence, tax planning is a challenge, which makes having a good tax planning system critical. Insight: Even basic tax planning can make a big difference in reducing future tax liability. Thomson Reuters UltraTax or GoSystem RS (9.8%).Wolters Kluwer: CCH Axcess Tax, CCH ProSystem fx Tax, ATX or TaxWise (16.5%).
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