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Business / Accounting & Finance / Personal Taxprep 10.3
Personal Taxprep 10.3
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Personal Taxprep 10.3 Description
Personal Taxprep is a smart tool to improve your workflow and results. You can increase profits during T1 season, streamline your tax preparation process and strengthen your client relationships.
Personal Taxprep is a smart tool to improve your workflow and results. You can increase profits during T1 season, streamline your tax preparation process and strengthen your client relationships. Personal Taxprep provides you with the most sophisticated T1 and TP1 optimizations available, including: - Capital loss carry-forwards - Automatic reduction of RRSP deduction – to be saved for future use if there are unused non-refundable tax credits - Medical expenses - Transfer of dividend reporting between spouses - Pension income splitting scenarios - Family data connection, which allows Personal Taxprep to simultaneously calculate returns for all family members to ensure the best tax scenario - Deduction of certain commission-related expenses Extensive edit checks and diagnostics are built into Personal Taxprep. Easy to detect and respond to, these alerts, which appear right on the relevant cell, identify problems such as missing information or inconsistent data. The ability to also view diagnostics in the lower-pane display makes it easy to review and mark up the diagnostics after completing a return. Personal Taxprep’s Client Manager helps you manage the entire tax return preparation process. With Client Manager you can easily find, sort or filter returns based on any data in the return. Pre-defined filters allow for easy access to common reports so you can get quick updates on return status without having to open files. Personal Taxprep contains summaries, including: - Comparative two- and five-year summaries - Five-year comparative summaries for each income statement - Carry-forward summaries - Tax scenario worksheets - T1 outline - Accountant's summaries The marginal tax rate form in Personal Taxprep allows you to calculate your client's federal, provincial and family marginal rate for four types of income: ordinary income, eligible dividends, non-eligible dividends and capital gains. These calculations help you provide the information your clients need to make tax-effective investment decisions, such as choosing between capital gains or dividend-generating investments.
OS: Windows
Tags: Tax Software - Tax Preparers - Tax Reviewers - T1 - T2 - T3 - Tax Forms - Greenpoint - Intuit - Profile - Tax Preparation - Canadian Personal Tax Return - Canadian Corporate Tax Return
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