Bloomberg Tax vs. Wolters Kluwer Corporate Taxprep

The fixed asset software is very advanced for software in general, but it is limited to accounting (GAAP and Tax) fixed assets. Would love to see a more IT user friendly software allowing IT personnel to use a gun to scan the servers and computers, etc. This wouldn't necessarily be a fixed asset as many computer items are too small dollar wise, but it would be a useful feature for IT and accounting to track IT assets by locatoin, user, departmetn, etc. and would be company wide. Another software needed is for company contracts with an ability to send out emails for notifications that a given contract is coming due. Obviously, this would be for contracts and leases but is also useful for accounting and would involve the whole company as there are contracts for rentals, equipment, service maintenance agreements, capital leases, IT contracts, etc.

Incentivized

Polyvalent and efficient solution suite for tax reporting

• Research
• Chart Creations.
• Help narrow down or identify the exact issue you have.
• Customer Support through the help line.

• Integration of corporate groups into one entity filing
• Link with Tax Forms and TaxPrep for Trust and/or Individuals to provide relevant data
• Multi-users plateform enabling time keeping, documentation of tax positions, etc.
• Express data entry with a comparison to prior Year

• Better outlay of the depreciation section, rather see periods vertically, then horizontally. The periods are difficult to move through when you need to see many months in the past or vice-versa.
• Would love to see an ability to mandate certain fields when creating an asset as every company is different.
• Would love to see each field have the ability to have it's own pick list, and the pick list that does exist needs to be larger to allow for a longer list rather than just 8-10, then the rest are hidden so you have to move to section 2 to see that continuing list.

Incentivized

• A step-by-step process when starting a new business for reporting and permanent data collection? Rather than filling different forms to identify.
• An automatic connection to tax assessment and warning of issuance of such assessmeent by taxing authorities (when client have given autorization)
• Link to a payment platform for taxes due
• Automatic e-mail reminder to client for tax installments due, once client adresse field has been documented

Very satisfied with the current features.

Overall, it is a good value for the money we pay for it, and it helps our tax process.

I think it is a superior product with more features.

Suited for complex tax situations.

• Allowed for very smooth audits
• User friendly, allows for documentation to be stored, very useful
• Good audit trail to see what happened.

Incentivized

• Streamline processing of tax conformity
• Easy to deploy solution
• Quick learning curve for COOP workterm and students