Tax season brings hectic schedule along with itself for the tax preparers. It ensures that tax preparers will not get any chance even to take breath as limited time is there and a lot of data is required to be collected and organized in such a manner which will help the tax preparer to prepare and file the tax return. For sure, tax preparers get good business in this season but it comes up with the responsibility of accurate returns to be filed on behalf of the client as inaccuracy will result into penalties and losses to the clients and to the tax preparers ultimately.
ProSeries is one of the solutions to reduce the burden of the tax preparers as it makes the tax preparation easier and convenient for the individual to prepare tax returns. ProSeries is an Intuit product. Intuit is providing a lot of solutions in accounting and financial domain. While taking care of problems individual or a firm face while preparing tax return, ProSeries involves a lot of features which boosts the confidence to prepare quicker tax return.
ProSeries focus on 3 factors which are Accuracy, Time Saving and Quality tools. It provides more automated calculation along with more than 1000 diagnostics and a final review which helps an individual to prepare tax returns for individuals and for the companies accurately within the first time. Apart from that it provides integration between forms and countless time saving tools which helps one to speed up the tax preparation. To save time one can add the following tools in ProSeries software:-
ProSeries Tax import and Client Organizer:- These are Data Entry and Collection tool helps one to reduce inefficient manual data entry as one can import data directly from source documents and financial institutions. One can import data even from scanned documents directly into tax software. With Client organizer one will get the information required to prepare tax returns of a client. With the transfer capabilities, one can reduce time consuming data entry and reduce tax errors.
ProSeries Professional 1040 complete and ProSeries pay per return:- These tools are perfect for small and mid-sized business who want to prepare tax returns of individuals and business efficiently. ProSeries pay per return tool helps one to prepare tax returns such as 64 individual, 1040 and state returns.
ProSeries Tax Research:- This tool provide a Google like search option to the tax preparer to make researches on any question which gets raised while preparing tax returns without leaving the software. It provides access on more than million of ion, articles, letters, documents etc from federal and state expert summaries.
ProSeries complete e-filing Solution:- This tool help an individual to stay IRS compliant and still file returns at faster rate. It helps a new e-filer to make the transaction to e-filing smoother and faster.
ProSeries Plus:- This tool involving sub-tools like Client checklist, Client Presentation and Client Advisor. It helps a tax preparer to collect tax information from the clients while providing tax planning recommendations.
Apart from it, ProSeries have introduced some more but new features for tax year 2011 such as:-
Improved e-filing:- ProSeries have expanded the business states in tax year 2011 which include:-1. GA 10652. PA 1065, 1120, 1120S3. MN 1065, 1120, 1120S4. LA 1120, 1120S5. TX 1065, 1120, 1120S6. OR 1120, 1120S7. WI 10418. FL 1120, 1120S Extensions and Estimated Payments9. NYC 1120, 1120S, 1065 Amended returns More forms added:-
1. Michigan Business Tax2. Federal 10413. MN 1041
Compatibility with the cloud environment:- ProSeries is compatible with hosting environment and the tax preparer is not required to worried about travelling in case of exigencies, even in the tax season and not required to store data in a particular system while using cloud computing. A tax preparer can access data from anywhere with an internet enabled device and can work on it. It can be a PC, Laptop and I- Pad. ProSeries software allows concurrent users to work on it and share the data if required, if hosted in cloud environment. In ProSeries software hosting, an application hosting service provider stores the ProSeries sofware and relevant data on a cloud server and unlimited authenticated can work concurrently regardless to the location they are working from. One can count on the data security, as the application hosting service provider uses high level encryption. As well as the application and data are stored at multiple location so one is not required to worried ab out natural calamities as if one location is down due to natural calamities, then one can still get the same data from another location.One can count on Proseries Software this season to complete the tax return and filing quickly without any hassles.
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