Complete Tax Solutions vs ProFile T2

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.

ProFile T2 is Windows desktop software for preparing corporate T2/CO-17 returns, including amendments and consolidated returns. It supports unlimited returns and batch filing; electronic filing requires CRA EFILE registration. Corporate Linking shares tax information between related corporations and transfers RAC Details between returns. GIFI data can be imported from QuickBooks Online, Excel, and other accounting software, with carry-forward support for DT Max, Cantax, and Taxprep; availability can depend on module and version. The listed library includes over 130 CRA and provincial forms, T3 slips, and worksheets, including business, rental, and farming statements with asset tracking and CCA calculations. A real-time auditor identifies potential errors, indicates their seriousness, and offers correction explanations. Users can back up unlimited files and returns to the cloud and retrieve them later. The free trial includes all modules and features except filing completed returns. The T2/CO-17: Corporate plan is $1,190 a year and includes Québec and one license. Additional licenses cost $195 each for 1–4, $165 each for 5–7, and $145 each for 8 or more. Apple products are not supported.