Using GoSystem 2 to automate Form 1040 tax preparation

Article Abstract:

GoSystem 2 is a fully integrated in-house tax system suitable for medium-sized to large accounting firms intending to automate their tax operations. The system was developed by CLR Fast-Tax and can be used for a whole range of tax-related functions, including tax management, compliance and research. Its subsystem, the GoSystem 2 1040, handles all activities needed to comply with Federal tax return form 1040, from collecting and entering tax information to printing the tax return. The subsystem can be used as a stand-alone product or as part of a local area network. It is equipped with comprehensive documentation capabilities and has support features that include various communication links with CLR Fast-Tax. The company provides assistance in installing the system, trains users and offers information on updates and new products.

Prepackaged software, Evaluation, Financial software, Tax planning, GoSystem 2 1040 (Tax preparation software)

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How to select the best in-house tax preparation software for your practice

Article Abstract:

Accounting firms evaluating in-house tax preparation software should base their analysis on six considerations, including: the volume of returns; the complicated level of returns; and the complexity of state tax return forms. When selecting a microcomputer tax preparation system, six criteria should be used including: hardware requirements; cost; and forms and schedules. When choosing a software preparation system, many vendors will sell firms their previous year's package at a steep discount. A firm should also get hands-on experience with software to decide if it will match its needs and tax preparation process.

Innovations, Tax administration and procedure, Tax administration, Accounting, Accounting software

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Using microcomputers for in-house tax return preparation: criteria for software selection

Article Abstract:

Advances in microcomputers and tax preparation software have made it possible to prepare high-quality returns in-house. Selection criteria for available software programs include: program cost, the forms and schedules generated by the program, the quality of program documentation, hardware requirements, and vendor support. Preparing tax returns on a computer is a procedure that includes: installing the program, creating a master file, creating client files, gathering client data, entering data into the system, establishing system controls, calculating and printing returns, and maintaining the system.

Usage, Microcomputers, Information management, Data processing, Electronic data processing

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