Intuit Lacerte vs. Wolters Kluwer Corporate Taxprep

This software is great for a tax preparer that wants the whole package from organizers to customer returns with letters and invoices. This is the best software with everything combined together. For new tax preparers looking for expensive software and are willing to some items (invoices) organizers, scheduling) through other means, Intuit Lacerte might be too expensive. But once the practice grows the time saved having all the “bells and whistles “ is worth every penny!

Incentivized

Polyvalent and efficient solution suite for tax reporting

• K-1 transfer capability
• Supports more than 5,700 tax forms - federal and all state forms
• Year-round e-filing

Incentivized

• 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

• Technical glitches
• Frequent software updates

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.

Lacerte customer service has been great. They are very knowledgeable about the product and can help resolve problems quickly.

Incentivized

I’ve heard other tax preparers talk about their software and their likes and dislikes. When I offer to show them Intuit Lacerte most are blown away by what it does. One preparer used ProConnrct online tax (also by Intuit), and she loves how easy Intuit Lacerteis to use. She said having live support (not chat) to actually be able to show issues and work through them was great. Both programs use the same calculations, but the extras (trial balance, organizers with prior year data, invoicing, scheduling, filters, etc) are what makes Intuit Lacerte the best!

Incentivized

Suited for complex tax situations.

• Able to process client requirements faster
• Docusign feature a big plus
• Lacerte Diamond Passport fees is highly priced at 17.5K USD + fastpath additional per user. They could consider to bring down the cost so that it works out lucratively.

Incentivized

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