Complete Tax Solutions vs Corporate Taxprep

Complete Tax Solutions (CTS) is SW Accountants & Advisors’ portfolio of tax compliance software for corporates, tax consolidated groups, trusts, partnerships, managed investment trusts, employee share schemes and other tax work. CTS for Corporates automates current and deferred tax calculations, tax journals and AASB 112 disclosure notes. The suite combines tax reporting with tax return preparation, with returns lodged manually or through the ATO Standard Business Reporting portal. Developed within Microsoft Excel, it can link automatically with Excel workpapers. Task monitoring, workpaper records and audit reporting help teams track figures and queries. CTSplus products use a cloud-based tax management system for shared information and visibility of tax work; Trusts, AMITs and Partnerships products have desktop, network and cloud options. Other tools support Pillar Two calculations, forms and workflows, as well as data analytics across income tax, indirect tax, customs and superannuation. CTS is available on web and Windows, with hybrid deployment. Pricing is on request. Training and a helpline staffed by qualified tax professionals are included at no extra cost; the team says it responds by the next business day. SW says it has operated in Australia since 1935.

Corporate Taxprep is Windows desktop software for preparing Canadian corporate T2 returns, with federal and provincial forms and tools. It includes more than 3,000 diagnostics and edit checks. T2 Data Connection is described as reducing preparation time by as much as 50% and improving accuracy for multi-corporation returns; the software can also transfer more than 750 GIFI items into 25 forms. Its Corporation Internet Filing module supports EFILE for T2 and Quebec CO-17 returns, along with NETFILE for Alberta returns. Tax planning tools include a Tax Rates Table and a five-year summary. InfoConnect links to tax research tools, while the Preparing Your Income Tax Returns guide is sold separately. A separate module adds forms and calculations for resource companies, credit unions, non-profits, and financial institutions. Corporate Taxprep Lite offers essential features at lower cost, though its restrictions require a representative inquiry. Pricing is available on request, and a free trial is offered. Wolters Kluwer provides support and training by phone, webinars, in-class sessions, and conferences.