Product analysis: GoSystem Tax ES
According to Thomson Reuters, GoSystem Tax ES is used by nine of the top ten firms in the country. The software starts at $2,500, and offers support for unlimited users. It's a perfect fit for CPAs who wish to avoid computer headaches, since patches and new features are added automatically, and all of your data is always backed up in the Thomson Reuters secure data center. It's also ideal for firms with multiple offices or overseas operations. Disaster recovery protection is built-in, since the entire application and all data are always offsite, and accessible from any Internet connection with the proper credentials.
GoSystem integrates directly with other Enterprise Suite applications, such as GoFileRoom ES, Engagement ES, and Practice ES, as well as the CS Professional Suite. Research from RIA's Checkpoint is incorporated within the program, and the MyTaxInfo online organizer streamlines data collection. The FormSource feature allows you to mine data from your clients' returns, which in turn enables you to specifically target new services to offer to your existing clients. The Preseason Services gives you a jumpstart on the new tax year by carrying forward prior year data into your clients' organizers. You'll also appreciate the QuickForm feature, which allows you to work backwards — right-click on any field within a form, and then choose Direct to Organizer to launch the corresponding organizer. In addition, the GoSystem Tax ES Custom Tax Equalization module enables you to handle expatriate calculations with ease. Standard equalization templates and statements simplify the equalization process and eliminate the need for offline spreadsheet-based calculations.
New features for 2008 include the ability to mask personal identifiable information, in accordance with IRS regulation 7216. This allows social security numbers and other personal information to be kept hidden from overseas or support personnel. In addition, e-filing support will be added for federal returns, as well as XML integration with third-party forms.