Complete Tax Solutions vs ONESOURCE Income Tax

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.

ONESOURCE Income Tax has no write-up on Specifiction yet; its figures are above.