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ProSystem fx® Tax for Business


Is your company keeping pace with the demands of a constantly changing tax climate or are you getting buried under the ever-changing stack of laws and forms? If your company hasn’t automated its tax return process, then it’s time you took a look at ProSystem fx® Tax for business.

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Explore the features and facets of ProSystem fx® Tax for Business

The Basics:

 Learn more about how this product can help your business

Is your company keeping pace with the demands of a constantly changing tax climate or are you getting buried under the ever-changing stack of laws and forms? If your company hasn’t automated its tax return process, then it’s time you took a look at ProSystem fx® Tax. This tax compliance and preparation solution will streamline your business tax returns and help you meet tax compliance requirements.

Save time with an automated tax solution. Contact us today — we’ll get you there.

The Details:

 See the specifics about this solution that makes it stand out from the competition

Streamline your business tax returns and optimize your productivity with all the tools you need to tackle any corporate return and meet all corporate tax compliance requirements. Tax helps you:

  • Speed preparation time on your business tax returns with seamless G/L and trial balance integration linked to related tax returns.
  • Manage and automate more of your existing tax workpapers for faster and more accurate results.
  • Eliminate tedious overrides and manual entries with full Schedule M-3 calculations and support.
  • Overcome staffing shortages by working smarter with the most complete integrated income tax and workflow solutions.

ProSystem fx offers a powerful portfolio of products that deliver comprehensive federal and state capabilities, including the following modules for your business tax returns:

  • 1120/Corporate — Contains 1120, 1120S, Consolidated (1120, 1120S, 1120-L, 1120-PC, 1120-REIT), 1120-C, 1120-F, 1120-H, 1120-IC-DISC, 1120-POL, 1120-RIC, 1120-REIT, 1120-FSC, 1120-L and 1120-PC
  • 1065/Partnership
  • G/L Direct
  • ProSystem fx Package — Contains 1040 Individual, 990 Exempt Organization, 1041 Fiduciary, 706 Estate, 709 Gift and 5500 Deferred Compensation

Work quicker with the 1120/Corporation Module.
The 1120/Corporation module allows you to produce all estimates, extensions and amended state business tax returns with comprehensive multiple state processing for any combination of state business tax returns. Entering and reviewing multistate allocation and apportionment data is simple and integration with Microsoft® Excel® lets you import and export apportionment spreadsheets, interest and dividend details, capital transactions and more.

  • Speeds preparation and review time of your business tax returns with an intuitive worksheet interface and bi-directional Microsoft® Excel® templates and workpapers.
  • Enables faster on-screen reviewing with Prior Year numbers displayed in worksheet views and grids.
  • Links directly to government form instructions at IRS and state revenue department websites.

Consolidation speeds processes.

  • Provides both single and multi-tiered consolidation of business tax returns.
  • Includes Disregarded Entities and Single Member LLCs.
  • Provides both columnar and stacked consolidated supporting statements.
  • Allows simple navigation to all returns in a consolidated group through an inter-return navigation feature.

Get specific help with the 1065/Partnership Module.
With the 1065/Partnership module, you can:

  • Allocate any or all distributive share items using time segmented, effective ratio, single/multiple tier or residual allocation.
  • Use amounts, percentages, units or any combination to allocate income, deductions and other Schedule K-1 items.
  • Integrate with Microsoft® Excel® using powerful K-1 import/export spreadsheet templates.
  • Automatically transfer partner interest using percentages or amounts. Cuts the preparation time on your business tax returns significantly and ensures you meet tax compliance requirements.

Save time with G/L Direct.
G/L Direct, a time saving productivity tool, is available with the Tax compliance system. G/L Direct helps you:

  • Easily convert trial balance information from your accounting system or Microsoft® Excel® spreadsheets into 1120, 1065 or 990 returns.
  • Save time by handling adjusting and tax journal entries, producing trial balance workpapers and automatically totaling and classifying information before linking to the business tax returns.

Save time with an automated tax solution. Contact us today

Integration:

 Learn about how this product works with other CCH solutions you may already have

The ProSystem fx® suite of solutions integrates to help you streamline federal, state and city tax compliance beginning with importing from your general ledger package, through calculation, review, printing and e-filing of returns. Integrated software includes:

  • ProSystem fx® Fixed Assets — This easy-to-use asset management system directly links depreciation totals or assets details with Tax and lets you store files and report PDFs in ProSystem fx® Workpaper Manager.
  • ProSystem fx® Workpaper Manager — This versatile workpaper and trial balance system facilitates better workflow for tax, accounting, internal audits and finance departments by allowing your data to flow automatically into Tax and all related workpapers.
  • Prosystem fx® Document (for corporations) — This document management solution manages your files and documents for instant retrieval and is available hosted on your server or as a cloud-based solution.
  • IntelliConnect® — Access the most current and intuitive research libraries on the market using sophisticated Internet technology. Our expert legal editors combine superior explanations, comprehensive source materials, practical guidance and the most complete archives in the business.

The most complete e-filing available today.
Expertise in electronic filing is a must and Tax brings you that expertise by delivering the most complete e-filing for business tax returns on all federal and state taxing authorities, whether mandated or not, including the ability to electronically file mixed group consolidations.

As an IRS-authorized e-file provider, Tax saves you hours of the administrative legwork e-filing requires and provides built-in diagnostics to help you remove errors long before you submit them, helping you meet your tax compliance requirements.

You’ll experience immediate productivity gains from the Electronic Filing Status System — a real-time acknowledgement of business tax returns — including instructions to pinpoint errors if returns are rejected. With this Web-based feature, you can:

  • View and check the status of all your business tax returns.
  • Release returns to taxing authorities in batches, one at a time, or by federal or state returns.
  • Stop processing of a return in its early stages.
  • Mark certain business tax returns as filed, with PDFs.
  • View separate statuses for federal and multistate e-filings.
  • Customize your status windows and views with our flexible and unique filtering.
  • View the latest electronic filing news for the entity types you manage.
  • Easily export all views to Microsoft® Excel®.

Save time with an automated tax solution. Contact us today

Web Product Demo:

 Learn first hand the power of CCH software solutions

ProSystem fx® Tax

Attend this session to see how the time-tested functionality of ProSystem fx Tax can help you:

  • Easily bridge your general ledger data from any electronic trial balance source to ProSystem fx Tax.
  • Import multistate apportionment data for all states in one step.
  • Efficiently complete your compliance work using our intuitive worksheet and government form views.
  • Work with consolidations and sub-consolidations in a well-integrated and easy-to-navigate environment.
  • Comply with e-filing requirements in a timely manner.
  • Create customized output, whether printing hard copy or generating fully indexed PDF files.
  • Streamline your overall tax compliance business processes.

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Streamlining Corporate Workflow Processes

You can significantly improve your workflow by having an integrated suite of software at your fingertips. This demo covers the benefits you'll realize by using the integrated ProSystem suite, such as:

  • Streamlined and productive business processes.
  • Efficient storage, retrieval and sharing of documents.
  • Improved compliance with regulatory authorities.
  • Timely and secure collaboration within your company and with third-parties such as investors, vendors and business advisors.
  • Secure storage of all corporate documents and intellectual capital.

View Schedule

Training:

 Take a closer look at onsite, on-demand, online and other training options

We offer onsite and online training for all levels of professional development, including courses that earn CPE credit. Whether you’re a novice or skilled user, our expert instructors, course content and learning tools offer the tips, tricks and solid explanations you need to transform your work processes.
Available training includes on-demand or online self-study options; Web-based and onsite training; and a variety of seminars and conferences, some at a location near you.

Support:

 Learn about our live support options and powerful self-help tools

CCH Support is the best in the business — we’re always here when you need us. To keep your office up and running, we offer helpful tools, as well as a variety of ways to interact with CCH Support.

CCH Knowledge Base — In this online database of CCH software information, you’ll find step-by-step instructions, information on critical known issues and product documentation.

  • Web ticket — Learn how to open a Web ticket online to submit your question directly to customer support.
  • System requirements — Find out exactly what you need for CCH products to function properly in your office.
  • Real-time chat — If you need a quick answer but don’t want to pick up the phone, live chatting via your Web browser is the way to go.
  • CCH Support Center — Pick up your phone and call us to speak directly to a customer support representative.
  • Remote support — Complicated problem? We can access your computer remotely and view your screen.

Get the most out of your CCH products — connect with us today.

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