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GOSYSTEM TAX RSCS PROFESSIONAL SUITE REUTERS/David GrayTax.ThomsonReuters.com/GoSystemTax
REUTERS/Sergio MoraesCS PROFESSIONAL SUITEFROM THOMSON REUTERSKNOWLEDGE YOU CAN TRUSTThe Tax & Accounting business of Thomson Reuters—the world’s leadinginformation resource—brings you the most comprehensive line of integratedsoftware, research and guidance available to the accounting profession.POWERFUL. PRODUCTIVE. PROFITABLE.The CS Professional Suite combines powerful data sharing, paperless processingand online convenience to help you achieve a more productive and profitablepractice. After all, when you’re able to customize just the right mix of suitesolutions for your firm, you can do some amazing things—like streamline firmworkflow, strengthen client ties and maintain a competitive edge. And that’spretty powerful stuff.Keep reading to experience the flexibility and efficiency of the most sophisticatedtax software serving the profession today.
TABLE OF CONTENTSGOSYSTEM TAX RSOverview2Advanced Technology3Integration4Streamlined Processing5Intuitive Navigation6Comprehensive Processing7Efficient Review8Productivity Tools11Training13
GOSYSTEM TAX RSFUNDAMENTAL TO YOUR FIRM’S SUCCESSUsed by the top 100 firms, including 8 of the top 10 accountingfirms in the country, GoSystem Tax RS is the most sophisticated taxcompliance system serving the professional market today.A SCALABLE SOLUTIONCreated with the unique complexities and concerns of your businessin mind, GoSystem Tax RS standardizes and protects your taxpreparation work in a secure online environment that can be scaledaccording to your business needs. Because all the work is handledonline, maintenance costs and storage problems are minimized,and business continuance is assured in any situation.To ensure your firm experiences all the features GoSystem Tax RShas to offer, you’ll receive personalized service from our userteam, who will walk you through the implementation processfrom start to finish. Our consultants can also advise your staff onprocedures, operations and training approaches that will maximizeyour investment.REMOTE ACCESS TO ALL YOUR RESOURCES – ALL THE TIMEThanks to our proven web-hosted technology, GoSystem Tax RSenables you to store, access and share all of your data and taxapplications from anywhere you have an Internet connection—including your office, a client’s site or your home.GoSystem Tax RS is perfect for multi-office firms, offering 24/7real-time data sharing and a seamless interface with other softwarepackages from all of your firm locations.The coordinated workflow between GoSystem Tax RS and theCS Professional Suite, Checkpoint and PPC Deskbooks will provideyour firm with the most comprehensive tax preparation softwareavailable today.2 Tax.ThomsonReuters.com/GoSystemTax
ADVANCED TECHNOLOGYPOWERED TO MEET YOUR NEEDS TODAYSophisticated enough to handle the entire range oftax returns, from simple to complex, and powerfulenough to do so with incredible speed and accuracy,GoSystem Tax RS provides a secure online locationwhere you can access multiple tax years and allreturn types.There are no limits to the number of users or thenumber or type of returns that can be processed.In fact, multiple users can work on the same returnsimultaneously without worrying about overwritingdata—even when working in different locations.You can also open and work in several returns atthe same time, making it quick and easy to conducton-the-spot comparisons.UPDATED AUTOMATICALLYStored on redundant, high-capacity servers inour data centers, GoSystem Tax RS updates areperformed automatically, with minimal desktopinstallation needed. You can rest easy knowingthat the application you’re using is always the mostcurrent version available.DISASTER PROTECTION OFFERS PEACE OF MINDGoSystem Tax RS processes the most demandingand performance-intensive computations anddata management outside your local officesystems, which decreases your firm’s need forexpensive, high-powered equipment to use theapplication. In addition, there’s no need to back upyour data or maintain disk space to store your taxreturn data because our data centers continuallyback it up for you. If your system or computer shutsdown while you’re working in a return, the applicationserver automatically saves and closes the returnso you never lose your work. With GoSystem Tax RS,you can be confident of business continuance inany situation.IRON-CLAD SECURITY KEEPS YOUR DATA SAFEGoSystem Tax RS provides multiple layers of security,including network security, up-to-the-minute virusprotection, application security, and encryptionschemes for all transmitted data. Each of thesesystems and processes are maintained and managedby experienced, professional information technologystaff. Multiple secure layers prevent unauthorizedaccess to our data centers and application servers,guaranteeing the security of your clients’ data.GOSYSTEM TAX RS 3
INTEGRATION WITH OTHER PRODUCTSSHARED DATA SAVES VALUABLE TIMEBy itself, GoSystem Tax RS is a powerful tax compliance system. But when itsdata is shared with other software programs, its power increases.With timesaving links available in GoSystem Tax RS, you can instantly accessCheckpoint content and PPC Deskbooks simply by clicking on the icon in theGoSystem Tax RS toolbar.The integration doesn’t stop there. Also included in GoSystem Tax RS is theability to integrate data with the products in the CS Professional Suite andEnterprise Suite, as well as EMC Documentum , SurePrep , Copanion, BNAand Intacct.AUDIT MANAGEMENT SOFTWARE AdvanceFlow —A cloud-based audit management application made towork with GoSystem Tax RS. Engagements, workpapers and colleagues areavailable in real time with just a click, whether you’re in the office, in thefield, or anywhere else.CS PROFESSIONAL SUITE ACCOUNTING Accounting CS and Workpapers CS —Take advantage of theGoSystem Tax RS integration with Accounting CS and Workpapers CS,for seamless transfer of balances and adjustments. Engagement CS —Seamless two-way integration makes it easy totransfer ending tax or adjusted balances between Engagement CSand the client’s database within GoSystem Tax RS. Trial Balance CS and Write-Up CS —General ledger account balancescan be transferred from Write-Up CS, Trial Balance CS or Engagement CSinto GoSystem Tax RS. When you add, delete, or change journal entries,assign tax codes or add new accounts in the Adjusting Journal EntryIntegration mode, the information can be imported back into theGoSystem Tax RS client with just a few clicks.DOCUMENT MANAGEMENT FileCabinet CS —Use GoSystem Tax RS to route PDF copies of yourreturns directly to FileCabinet CS, which recognizes the client, application,document type and time period of what you’re working on, then indexesand files it appropriately. GoFileRoom —Tax returns created in GoSystem Tax RS can be storedin GoFileRoom.PRACTICE MANAGEMENT Practice CS —Launch GoSystem Tax RS from any Practice CS dashboard,then use the Practice CS timer to track the amount of time you spend oneach return.TAX Fixed Assets CS —Integration with GoSystem Tax RS ensures that assetinformation is always available, so you never have to re-enter data. Planner CS —Expedite the planning process by pre-populating muchof the prior year’s 1040 tax return information with the easy-to-useintegration features.4 Tax.ThomsonReuters.com/GoSystemTax
STREAMLINED PROCESSINGSTREAMLINE WORKFLOW WITH INTEGRATIONFor fast, two-way integration of balances andadjustments to GoSystem Tax RS, you can use thetrial balance features available in Engagement CS.This powerful data sharing feature allows you toupdate data in Engagement CS and GoSystem Tax RSsimultaneously. You can quickly add, delete or changejournal entries; assign new tax codes; and add newaccounts that can be added into GoSystem Tax RSwithin seconds. Other important workflow featuresin GoSystem Tax RS include the ability to: Integrate with QuickBooks . I mport asset information from Fixed Assets CS,our advanced fixed asset management software. S elect tax default options from a comprehensivelist, which completes much of your work beforethe data entry even begins.EXPANSIVE IMPORT AND EXPORT CAPABILITIESGoSystem Tax RS features a variety of ways totransfer information in and out of tax returns, greatlyminimizing the return preparation process frombeginning to end. Take advantage of a range ofoptions from per-client imports on specific businessactivities to completely automated utilities that pullinformation into and from returns without requiringstaff intervention. You’ll find these capabilitiesinvaluable when preparing returns for clients thathave large volumes of information—data that yourstaff would otherwise have to rekey.IMPROVE WORKFLOW WITH GOTRACKERAvailable as an add-on module, GoTracker allowsadministrators to log time, monitor due dates andset customizable milestones and tasks—improvingoverall workflow. U se Partner Bridge to create Data InterchangeFormat (DIF) files automatically when you importand export partner information and specialallocations with Microsoft Excel , includingpartner name and address, entity type, profit/lossratios, capital account data and answers toK-1 questions. T ransfer ending tax or adjusted balances betweenEngagement CS and the client’s database, andtransfer general ledger balances fromTrial Balance CS or Engagement CS. T ake advantage of fast, integrated OCR processingwhen you own software from one of our preferredpartners like SurePrep or Copanion.GOSYSTEM TAX RS 5
INTUITIVE NAVIGATIONINTUITIVE NAVIGATION INCREASES EFFICIENCYThanks to the intuitive navigation of GoSystem Tax RS,it’s easy to accelerate your firm’s productivity levels.Familiar navigation allows for multiple views andhelps create a flexible work style. When you need tocomplete a particular form, you simply select it froma convenient list, and a facsimile of the form appears.Just right-click on any field in the form to instantlyaccess the Organizer input field, where you can enterthe client’s data. And let GoSystem Tax RS do the rest.EASY ACCESS TO ORGANIZERSWhen you right-click any field and select“Direct to Organizer,” you’re instantly ledto the corresponding organizer screen.6 Tax.ThomsonReuters.com/GoSystemTaxEXPERIENCE EASIER NAVIGATIONWITH QUICKTRACK AND QUICKFORM Q uickTrack—Easily navigate to the most frequentlyused organizer screens. With the click of a button,you gain quick access to a variety of organizers,including general information, source documentsfor income, other income, expenses, estimated taxpayments, tax reconciliation and more. Q uickForm—When you don’t know where to enterdata, but you know where it should end up, useQuickForm. This feature lists all major tax formson one screen and directs you to the correspondingorganizer screen.
COMPREHENSIVE PROCESSINGSIMPLE AND COMPLEX RETURN PROCESSINGGoSystem Tax RS quickly and easily processescomplicated and simple individual, corporate andpartnership tax returns with timesaving featuressuch as the Allocation and Apportionment module.These tools allow you to complete essential tasks withlittle or no data entry, resulting in greater accuracyand speed.EASILY SERVE YOUR FIRM’S MOST COMPLEX NEEDSReady to serve you and your most sophisticateddomestic and international clients, GoSystem Tax RSprovides remote access to all the client informationyou need to produce any type of return—from simpleto complex—any time, day or night, from any locationwith an Internet connection.GoSystem Tax RS lets you get your work done quicklyand efficiently 24/7. Whether you need to complete amulti-national advanced tax equalization calculationthat serves expatriates or 1120 and 1065 consolidationengines for a tiered consolidation return, you’ll beending the day with less stress and more time to getother things done.CUSTOM TAX EQUALIZATION MODULE HANDLESCOMPLICATED EXPATRIATE CALCULATIONSPut an end to the countless hours spent updatingand manipulating cumbersome spreadsheets andother information required to recalculate returnsfor equalization. The GoSystem Tax RS CustomTax Equalization module lets you quickly gaincontrol of even the most complicated expatriatecalculations with: 2 0 templates, including 7 standard equalizationletter templates. 11 equalization statement formats. 57 options per template. T ax equalization gross-up calculations for AZ, CA,CO, CT, DC, DE, GA, IL, IN, KY, LA, MA, MD, MI, MN,NC, NJ, NM, NY, OH, OK, PA and SC.IN ADDITION TO SAVING PROCESSING TIME,THIS MODULE WILL: Lower maintenance costs. Automate the equalization process. R ecalculate returns based on options at bothfederal and state levels. C reate clear, concise summaries that can beeasily explained to your clients.CUSTOM TAX EQUALIZATIONThe GoSystem Tax RS CustomTax Equalization module equalizesthe deductions by company or byengagement and standardizesletter and compute options.GOSYSTEM TAX RS 7
EFFICIENT REVIEWINCREASE REVIEW EFFICIENCY ACROSS MULTIPLE OFFICESWhen your firm uses GoSystem Tax RS, staff members at multiple offices have instant and simultaneous accessto the same forms and data, which increases the productivity and efficiency of sharing and reviewing documents.GoSystem Tax RS offers review tools that allow you to: Click on any line in the tax form and see a complete, easy-to-follow audit trail for the calculated amount. U se diagnostic messages to identify inconsistencies, errors or omissions found when you calculate a return.You can print the messages or view them on-screen. You can also click the diagnostic message to access thefield in question. Easily switch between related form and data entry screens using hyperlink connections. Use the Auto Compute feature to review results as you enter data.QUICK ACCESS FROMANY LINE IN THE RETURNIn this screen, Line 7 (Wages,Salaries, Tips, etc.) offers evenmore depth beyond the firstglance. When you click onLine 7, another screen opensthat further defines the amountentered on that line.8 Tax.ThomsonReuters.com/GoSystemTax
CONSOLIDATED RETURN REVIEWEven the most complicated consolidated return is easy to review. Comprehensivereturn tools accessed in consolidating entity allow you to track calculated amountsto each member of your consolidation.GOSYSTEM TAX RSOffers a superior review ofcomplex consolidated returns,with the ability to easily accessall entities in your consolidations.GOSYSTEM TAX RS 9
EFFICIENT REVIEW, CONT.VALIDATE RETURNS BEFORE FILING ELECTRONICALLYGoSystem Tax RS compares a return against IRS requirements before the return is sent to the IRS.Any data in the e-file that does not meet the IRS requirements is flagged so the errors can be fixedprior to e-filing, reducing the chances that the IRS will reject the return.1040 TAX REVIEWThe 1040 Tax Review feature enables you to prepare an electronic tax file folder for each taxpayer,as well as create custom checklists for firm defaults to ensure compliance with your firm’s reviewand preparation standards. It also provides Regular Tax, Alternative Minimum Tax and K-1reconciliation automatically.REVIEW TOOLS INCREASE YOUR PRODUCTIVITY Use online tax return conferencing for private review sessions. Track and review the return with convenient preparer and reviewer note categories. I dentify reviewed fields and fields containing notes from preparers and reviewers using thebuilt-in tickmarks and symbols.TAX REVIEWProvides fast and efficientPartnership and S Corp reconciliation.10 Tax.ThomsonReuters.com/GoSystemTax
PRODUCTIVITY TOOLSRS TO-GO TRAVELS ANYWHERE–NOINTERNET CONNECTION NECESSARYGoSystem Tax RS is not only powerful, it’s portable.For those times when you don’t have access to anInternet connection, the RS To-Go application allowsyou to enter client data into tax returns offline andupload it later when you have Internet access again.It’s another reason why GoSystem Tax RS makes yourfirm more flexible and more cost-effective than youever thought possible.E-FORM RS OFFERS IMMEDIATEACCESS TO FORMS AND SCHEDULESE-Form RS offers you maximum convenience,with everything you need in one location—nomore searching the web or accessing multipletools to retrieve important forms. You’ll find nearlyevery federal, state and local form for 1040, 1041,1042, 1042S, 1065, 1120, 990, 706/709, Payroll,U.S. Territories, Canadian, Pension and ElectionStatements. And updates are issued daily duringtax season.BE READY FOR NEXT TAX SEASONPrepare for the upcoming tax season withGoSystem Tax RS Preseason Services. Start byrolling over prior-year data to eliminate redundantdata entry. Then take advantage of our exclusive taxorganizer kits to make your next tax season a success.CUSTOMIZED TAX ORGANIZER KITSDesigned to enhance the presentation of yourclients’ documents, this kit elevates your company’simage with a complete set of coordinated items,including a tax organizer with coordinating envelope,personalized transmittal letters and a return envelopepre-printed with your firm’s address.E-FORM RSFind the forms you need fast.Simplified navigation makes it easyfor you to access important forms.GOSYSTEM TAX RS 11
PRODUCTIVITY TOOLS, CONT.CUSTOMIZABLE LETTERS AND FILING INSTRUCTIONSThe powerful letters and filing instructions function for 1040, 1065 and 1120 makes it easy to create templateletters and filing instructions that can be shared across the firm. You can even include custom logo and graphics;create optional paragraphs to be inserted anywhere in the template; and make templates available to, but noteditable by, others in the firm.ENHANCED PRINT INTERFACEAn enhanced print interface includes support for multiple monitors, the ability to refresh print preview in theorganizer and even enables you to insert external Adobe Acrobat documents to be printed with a return.FORMSOURCE INCREASES INCOME POSSIBILITIES WITH ACCESS TO CENTRALIZED CLIENT DATAFormSource is a data mining tool designed to give your firm the power to quickly gather specific informationabout your clients. Unlike other query tools, FormSource doesn’t limit you to predefined templates. Instead, youcan customize it to meet your specific needs. You can search every field in every tax return—including organizers,tax forms and workpapers—to identify returns that match criteria you specify.The information gathering capability allows you to build a comprehensive profile of your clients, which helpsyou identify new consulting and tax planning opportunities. And because the data is centralized and availablethrough remote server technology, you can data mine the returns on a firm-wide basis, so there’s no need toquery each site and then merge and manipulate data.ALLOCATION & APPORTIONMENT MODULE: A KEY PART OF THE GOSYSTEM TAX RS APPLICATIONEasily manage allocation and apportionment data with the ability to: Enter allocated or non-business income, payroll, property and sales amounts. Calculate the apportionment ratio in accordance with individual state laws. R eview and verify all the information on the computed A&A detail state tax forms and make any adjustments,which will flow to the state returns.To further streamline your processes, you can bridge in your A&A information from a .DIF file, transferringincome, payroll, property and sales amounts from the spreadsheet directly to the return in a convenient andefficient fashion.FORM SOURCEEnables you to mine data from taxform, organizer and workpaper fields.12 Tax.ThomsonReuters.com/GoSystemTax
COMPREHENSIVE TRAINING AND CONSULTING OPTIONSMake the Most of Your Software Investment and Maximize Firm ProductivityThe CS Professional Suite offers an extensive selection of services that can help you get more out of your softwareinvestment, including:STANDARD TRAININGOur standard training is a great way to bring new staff up to speed, let experienced staff revisit specific topicsand/or supplement custom traini
By itself, GoSystem Tax RS is a powerful tax compliance system. But when its data is shared with other software programs, its power increases. With timesaving links available in GoSystem Tax RS, you can instantly access Checkpoint cont
