Best Tax Planning Software - Editor's Choice
#1 Itamlink - Property Tax Management Software                      
Review date: 03.02.2010

Description:

This web-based application enables to help companies be in command of real property tax for properties located anywhere in the world. Besides, it provides advanced solutions for businesses with multi-property, multi-tenant or complex property portfolios.

Screenshots

Price:

Free demo

Updates are provided in advance by email. Massive amounts of property tax and assessment data can be managed more efficiently.

Advanced Features:

  • Menu-driven practical
  • Reports reviewed in HTML
  • Software customization
  • Data setup and migration. Fully outsourced
  • No software to maintain and install
  • 3-5 year tax and assessment comparison

Review:

Best of all, includes data migrations from a host of other applications, spreadsheets, or home grown databases.
  • Allows you to oversee vast amounts of assets, assessments and tax information.
  • Assists with tax forecasting and budgeting, payment deadlines.
  • Subscription-based service requiring only a valid user name.
  • Can be customized to meet the specific management needs of your company.
  • Java 2 platform enterprise edition.
  • Internet tax and assessment management with real-time data sharing.
  • Software As A Service (SAAS) model.
  • Fully web-based service, not installed on your IT systems.
  • Property insurable value summaries with tax savings and reconciliation.
  • It eliminates confusion and streamlines paper-work.
Overall, this comprehensive management tool allows the property tax manager to perform his or her functions quickly, and effectively by reducing administrative overhead.

#2 Abacus Tax Software                                                               
Review date: 02.28.2010

Description:

Designed to support planning and tax projections, the software enables you to help increase your firm's productivity. Moreover, it supports all advanced functions needed to calculate a federal tax provision.

Screenshots

Price:

Free demo

The firm provides tax planning and compliance products to many companies. It remains the choice of medium to large sized CPA and accounting firms.

Advanced Features:

  • Built-in worksheets
  • IRS Instructions with publications
  • Proforma organizer
  • Federal electronic filing software
  • Integrates over 70 forms and schedules
  • Depreciation program

Review:

Best of all, the program include calculation, e-filing and data automation, accounting.
  • Enables you to see your fully calculated results instantly on the government form.
  • Integrates with your accounting software to automate sales tax compliance tasks.
  • Transaction tax management for companies and cost-effective compliance.
  • You can print all the forms you'll likely need on your own printer.
  • Analysis and reporting tool.
  • State tax programs automatically transfer data from your federal tax return.
  • Quarterly updates and magnetic media reporting available.
Overall, Abacus Tax Software is a solid tax planning product and it allows you to create professional reports by adding charts and graphs.

#3 Lacerte Professional Tax Software                                      
Review date: 12.10.2009

Description:

All editions of Lacerte tax software can be hosted terminal servers and allows setting of customized user preference for all users. In addition to that, it integrates with other Intuit applications.

Screenshots

Price:

$395.00

Provides comprehensive tax return preparation for single-user or network environments.

Main Features:

  • Unlimited federal 1040
  • Always on access to the tax files
  • Dual backup of data in multiple locations
  • Can be hosted on terminal servers.
  • Document management system
  • Prepare additional business returns
  • Business state transmission

Review:

The hosted tax version comes with latest online data protection software with encrypted transfer of data.
  • Can help you improve client support and complete tax returns.
  • Carry over vital client data yearly.
  • Easily import data from many sources
  • Calculations help you to prepare individual and business returns correctly.
  • Quickly review inputs using unique tab design.
  • Automatically maps many tax line assignments.
Please note that initial license price for all customers will include both the one time license fee with annual maintenance.

#4 Longview 7 Planning                                                                
Review date: 03.10.2010

Description:

Designed for advisors who deal with complex planning scenarios, this web-based solution enables you to track business plans, budgets, and forecasts to strategic objectives.

Screenshots

Price:

Free demo

Integrated book-to-tax processing of data can reduce risk across the tax data lifecycle. Besides, the software can integrate with any consolidation system.

Main Features:

  • Integrated book-to-tax processing
  • Intuitive web-based access
  • Analysis and planning
  • Ability to better analyze your tax details
  • Foreign currency translation

Review:

Due to the unique configuration, the software automates the calculation of a company's global income tax provision including all local municipalities.
  • Enables you to reduce cycle time and effort required to close tax.
  • Helps companies manage the business of finance.
  • Provider of corporate performance management and tax provisioning software.
  • Allows users to track and communicate the progress of their plans and budgets.
Overall, Longview allows you to automate tax data collection, tax provisioning and it offers a suite of integration services.

#5 SamsTax                                                                                   
Review date: 03.01.2010

Description:

One of the first problems users of bookkeeping software can be the complexity of the installation. The simpler the process of recording transactions the quicker the data entry process will be. SamsTax makes the process more familiar to the user.

Screenshots

Price:

Free demo

Software Summary:

Best of all, you can adjust the Income in the software to account for the correct VAT amount.

Main Features:

  • Self assessment tax returns
  • Fast data entry and set up
  • Design a financial statement format
  • VAT reports
  • Income and expenditure tracking

Review:

A spreadsheet based bookkeeping solution for small businesses.
  • Enables you to see which clients are your best. You can keep a track of customers that owe you money.
  • Designed to make your tax returns easier.
  • Monthly reports allow you to show the percentage breakdown of your expenditure by category.
  • Rapidly record all your income and payments.
The program features a set of comprehensive reports that are available to help with business decisions.
How to Choose Tax Planning Software?
  • There is no easy answer. For tax planning, assumptions might change on a daily basis. Moreover, the tax law requires you to keep good books and records for your business.

    This is why, we have ranked and organized detailed information on software in accounting, taxation, financial planning, and management consulting.

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