Best Corporate Tax Software for 2022

Sep 27, 2022

Best Corporate Tax Software for 2022

Sep 27, 2022

Are you looking for the best accounting and tax software?

We frequently have too many options now that there are numerous tax preparation tools on the market. Each of these instruments has its own set of features and benefits that make it useful.

So, how do you pick the best tax preparation software for your company?

To select the best tax preparation software, you must first determine which solution best meets your client’s needs. We’ll compare Ultimate Tax and ProSeries tax software in this article to help you decide which is best for you.

Let us get started right away.

The Ultimate Tax and ProSeries Tax Preparation Software: Overview

Ultimate Tax is tax preparation software that caters to businesses of all sizes. Ultimate Tax provides four distinct packages to meet the diverse needs of businesses. Included are Ultimate Tax Pay-per-Return, Ultimate Tax Online 1040, Ultimate Tax Desktop 1040, and Ultimate Tax 1040 + Corporate. Each package contains a number of features that help tax preparation firms submit accurate tax returns for their clients. This enables them to maximize profits and grow their business.

Intuit’s ProSeries is a well-known and reliable tax preparation program that assists tax preparers in streamlining their work. This tool is loaded with useful features that make professional tax preparation easier and faster. Intuit offers educational resources for tax preparers who want to learn more about the software or file their taxes. The fact that ProSeries tax software only has two desktop versions, ProSeries Basic and ProSeries Professional, is a significant disadvantage.

User-Friendliness of ProSeries vs. Ultimate Tax

One of the Ultimate Tax’s strongest points is its ease of use. This is applicable to both the desktop and web-based versions. This software facilitates the completion of tax forms by providing two modes: data form entry mode and interview mode. The first form is the simplest, and the tax preparer must fill it out entirely. However, in interview mode, the tax preparer is given hints and assistance as they fill out the form.

Furthermore, Intuit ProSeries has excellent features that make tax preparation easier. It claims that its interface is impenetrable and that if you make an error while filling out a form, it will continue to notify you of it.

Ultimate Tax vs. ProSeries: Features

Ultimate Tax has many useful features:

  • Smart diagnostics that aid in detecting errors and verifying tax returns.
  • Supports all states
  • Converting data from other tax programs
  • Real-time refund monitoring
  • Paperless filing
  • E-signature support, and more.
  • Automatic backup to prevent data loss
  • Real-time progress reports
  • Integrations: EPS Financial, Santa Barabara TPG, and Refund Advantage

The following are the most important features of Intuit ProSeries:

  • Supports tax returns for Forms 1040, 1120, 1120S, 1065, 1041, 990, 706, and 709
  • Quick entry sheets for easier data entry
  • K-1 data import
  • Client checklists
  • Integrations with TXT and QuickBooks
  • Tax planner

Ultimate Tax vs. ProSeries: Pricing

Ultimate Tax Packages specifies the prices of its products on its pricing page. The Pay-Per-Return package is $288 ($15 per return), while the most expensive package is $888.

Different Intuit ProSeries packages have different prices. It is, however, significantly more expensive than Ultimate Tax. Prices for ProSeries Basic packages range from $519 to $1,299. Ultimate Tax costs about $15 per return, while ProSeries costs $53 per return. Furthermore, ProSeries does not offer upfront pricing for all of its plans.

Final Thoughts

Ultimate Tax and ProSeries both have features that set them apart and help tax preparers. However, when it comes to pricing, Ultimate Tax clearly outperforms the competition because its packages with the same features are more affordable.

Related Posts