Lacerte Tax process outsourcing

Your tax filings solution

Tax filing jobs require time and energy on your part. This time could have been utilized better if you focused on your core competency. Lacerte Tax Software comes to your rescue. Here are some simple and lucid answers to your tax filing and software related queries:

What is Lacerte Tax Software?

Lacerte is one of the most popular tax software packages available with thousands of satisfied users processing millions of returns each year. It is used by professional accountants. CPAs rate Lacerte highest: "highest overall product rating among AICPA members for two years in the running". It offers a full suite of integrated products to help streamline workflow and manage growth. Lacerte professional tax software delivers stability and support. More than 40,000 of America's accountants rely on Lacerte.

Does Lacerte tax software support data compatibility features?

Lacerte tax software has a special feature----It can easily convert any kind of data into its data readable system making the process of data conversion from one package to another pretty easy.

Why should I choose Lacerte among other tax softwares?

Lacerte software processes 1040, 1065, 1120, 1120s, 1041, 706,709 and 990. Lacerte provides comprehensive high performance, tax return preparation, e-filing and practice management for simple users or networked environments. It helps produce accurate returns and customized professional looking analysis, reports, letters, and e-mail automatically. Lacerte automates every phase of tax preparation and client communication to help you produce consistent, error free output that boosts client confidence and enhances the value of your services. Lacerte tax software comes with a comprehensive library of tax forms, schedules and worksheets. Lacerte is designed with superior networking capabilities, so you can count on consistently high performance, whether you are running it on a single PC or over a multi user network. You can set preferences including invoice scheduling across the entire firm for uniform processing.

What are the other features of Lacerte tax software?

Lacerte has got many positive reviews from users; some say that Lacerte makes them better accountants because the program picks up on issues they might have overlooked and also points out areas of improvement. Some of powerful features of Lacerte are:

• Prints grantor trust statements; includes an option to print 1040 line references and to print supporting forms, schedules and statements
• Allows overriding of grantor letters on a global and per-grantor basis
• Computes Schedule K-1s
• Charitable deduction based on either accounting income or DNI
• Allocates expenses on a pro-rata, tier basis, or custom basis
• Calculates disposition of a passive activity
• Prints passive loss worksheets (regular and AMT)
• Allows for override of allocations on Schedule K-1
• Provides simultaneous multi-state processing capabilities
• Prints Schedule K-1 transmittal letter for each beneficiary
• Generates collated federal and state Schedule K-1 packages for distribution to beneficiaries
• Adapts accounting income calculations to state law (with override capabilities)
• Allows the exclusion of interest, dividends and capital gains from nonresident beneficiary's income, on a global or property-by-property basis
• Carries estate administration deductions to Section 642 (g) election to deduct expenses on 1041 instead of Form 706
• Required distributions
• Discretionary distributions
• Transfers K-1 data to 1040 K-1 input screens
• Income distribution deduction
• Income distribution deduction
• Expenses allocable to tax exempt income
• Net investment interest Disallowed miscellaneous itemized deductions
• Trust accounting income
• Depreciation retained or distributed
• Schedule K-1 deductions

What are the recommended system requirements?

• Computer: Pentium 4, 2.0 GHz or faster
• Memory: 1 GB RAM or more
• Hard Disk Space: 2 GB or more
• Operating System: Windows XP Pro
• Monitor: 19" with screen resolution of 1024 x 768 or higher
• Printer: HP LaserJet Series IV Plus or higher with 32 MB RAM
• CD drive: 32X CD-ROM or faster
• Internet Connection: High-speed, such as T-1, DSL, or Cable/Broadband
• Browser: Internet Explorer 6 or newer with 128-bit encryption
• Backup: Tape, CD, DVD, Jump Drive (USB), or off site (preferred)

What are the minimum system requirements?

• Computer: Pentium 3, 700 MHz or other comparable processor
• Memory: 256 MB RAM (XP requires 512 MB RAM)
• Hard Disk Space: 600 MB
• Operating System: Windows 98*, ME, 2000, or XP (Pro and Home) with the latest service pack
• Monitor: 15" with screen resolution of 800 x 600
• Printer: HP LaserJet Series IV Plus with 8 MB RAM
• CD drive: 16X CD-ROM
• Internet connection: A floppy drive or internet connection is required to install the prep file. Some features may not be available without an internet connection or 56k modem.
• Browser: Internet Explorer 5.5 with 128-bit encryption
• Backup: None required

What are the minimum system requirements?

• Computer: Pentium 4, 2.0 GHz or faster
• Memory: 1 GB RAM or more
• Hard Disk Space: 2 GB or more
• Operating System: Windows XP Pro
• Monitor: 19" with screen resolution of 1024 x 768 or higher
• Printer: HP LaserJet Series IV Plus or higher with 32 MB RAM
• CD drive: 32X CD-ROM or faster
• Internet Connection: High-speed, such as T-1, DSL, or Cable/Broadband
• Browser: Internet Explorer 6 or newer with 128-bit encryption
• Backup: Tape, CD, DVD, Jump Drive (USB), or off site (preferred)

What are the networks supported?

• Novell (with updates)
• Windows 98, ME, 2000, XP, 2003
• Microsoft Small business Server
• Citrix

How can Thomasandalex make difference to my business requirements?

Thomasalex provides you with Tax outsourcing processes. Armed with the knowledge of American accounting and tax filings procedure of the USA, you cannot get a better bet! Thomasandalex have been successfully providing tax support services for some fishing and food companies in the US. Thomasandalex has been a regular service provider for Plitt Seafood Company. Some of the services provided are-accounts receivable, data entry, bank reconciliation, report generation, ageing report, tax based support services etc. Read success stories at Thomasandalex to know more.

How much effort is involved in outsourcing my lacerte tax processes to Thomasandalex?

We have clear steps to ensure smooth transition. We will first understand you processes and how you use Lacerte. Our secure, plat-form based approach will allow us access to your data. We start off from where you leave - it would be practically seamless.

How are security concerns taken care of at Thomasansalex?

Thomasandalex has a established security architecture.Only team members authorized by you can see your data online. Lacerte encodes your transmissions with secure encryption. Our facility has restricted access to the building and each employee has restricted access to your files and documents. We do not have client data residing on servers in India. All our employees undergo a screening process and sign confidentiality agreements. We maintain our security at three levels viz: Online data management, Secure mail and system security , lastly organizational security.

I am definitely interested in outsourcing my tax filings. How do I take this forward?

Many small & medium businesses worldwide have benefited by using the Lacerte tax software for outsourcing their tax filings. You can be one of them. To achieve a substantial increase in your business revenues and profits, at reduced operational expenses, outsource your tax filins and processes to Thomasandalex. Our team can analyze your requirements and recommend appropriate and cost-effective software solutions to help you achieve your goals.