UltraTax CS logo

UltraTax CS

by Thomson Reuters · Since 2008
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ActiveAvailable globallyCloud
Quick facts
VendorThomson Reuters
Year launched2008
StatusActive
LocationTax & Accounting Corporate Headquarters 2395 Midway Road Carrollton, TX 75006
Countries servedGlobal
Languages1
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About UltraTax CS

UltraTax CS is a tax preparation software from Thomson Reuters that provides a thorough solution for end-to-end tax compliance. It combines AI for legal, legal research & guidance, and legal forms so tax professionals can efficiently manage their entire tax preparation workflow. This software helps users save time and improve accuracy in their tax returns. UltraTax CS also supports business development functions, allowing firms to grow their client base while managing compliance effectively. Key capabilities: AI for legal legal research & guidance legal forms tax preparation workflow business development Best for: tax professionals that need a comprehensive solution for tax compliance and preparation.

UltraTax CS by Thomson Reuters is a tax preparation software designed to streamline the process for tax professionals and accounting firms. It offers a comprehensive suite of features that facilitate the preparation and filing of individual and business tax returns. The software includes automatic calculations, e-filing capabilities, and data import from previous tax years, ensuring accuracy and efficiency in tax preparation. Additionally, UltraTax CS integrates seamlessly with other accounting tools, reducing manual entry errors and enhancing workflow automation. Its compliance management features ensure that users stay updated with the latest tax laws, while its customizable dashboards and reporting tools help firms manage client information and deadlines effectively. The user interface of UltraTax CS is designed to be intuitive and user-friendly, catering to both seasoned tax professionals and newcomers. The layout is structured to provide easy navigation, with clearly labeled sections and a logical workflow that guides users through the tax preparation process. The software supports multi-monitor setups, allowing users to view multiple forms and documents simultaneously, which enhances productivity.

Pros & Cons

Pros
  • 1. It offers robust, full-service tax preparation capabilities.
  • 2. The price point is more favorable compared to some competitors.
Cons
  • 1. The software is considered expensive and overpriced.
  • 2. There are mentions of poor customer support.
  • 3. Some error flags within the software are difficult to override.

Features

Key features

1. Extensive Scope of Returns and Forms

Offers a wide range of federal, state, and local tax programs covering various entities like individuals, corporations, partnerships, estates, and trusts, including multistate returns, to handle diverse client needs.

2. Accurate Calculations with Complexity Handling

Provides significant calculation capabilities that process and preview data as it's entered, ensuring form accuracy even with complex client scenarios.

3. Seamless Data Sharing

Eliminates repetitive data entry by allowing information to be entered once and automatically populate relevant fields across multiple tax returns for the same client.

4. Integration Capabilities

Can be integrated with solutions from partners to enhance workflow efficiency.

5. End-to-End Compliance Solution

Positioned as a comprehensive tool to manage the entire tax compliance process from start to finish.

Additional features

1. Professional Tax Preparation Software

Designed specifically for tax preparers to streamline their workflow and increase productivity.

2. Extensive Scope of Returns and Forms

Covers a full line of federal, state, and local tax programs.

3. Support for Multiple Entity Types

Includes programs for 1040 individual, 1120 corporate, 1065 partnership, 1041 estates and trusts, and more.

4. Handles Multistate Returns

Capable of managing tax returns across multiple states.

5. Considerable Calculation Capabilities

Possesses robust calculation functions to handle various levels of complexity accurately.

6. Data Processing and Preview

Processes and previews data in real-time as it is entered.

7. Eliminates Repetitive Data Entry

Avoids the need to enter the same information multiple times.

8. Seamless Data Transfer and Sharing

Facilitates easy movement and sharing of data within the software.

9. Automatic Data Population

Data entered once automatically fills in relevant fields in other related tax returns.

10. Integration with Partner Solutions

Connects with other solutions from partners to improve workflow.

11. End-to-End Tax Compliance

Provides a thorough solution covering the entire tax compliance process.

12. Simplifies Operations

Aims to make tax preparation tasks less complicated.

13. Saves Time

Designed to reduce the amount of time spent on returns.

14. Reduces Workload

Helps lighten the overall burden for tax preparers.

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
1
Interface languages
10
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇷🇺RUB

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