Field

Product

Tax software

Main area covered

US taxation

1. Individuals
   (Form 1040)

2. S-Corp.
   (Form 1120S)

3. Partnership (Form 1065)

4. Estate or Trust (Form 1041)

5. C-Corp
   (Form 1120)
   
   
6. Exempt Organization    (Form 990 and Form 990PF)

1. Ultra Tax
2. Pro-Fx
3. Go-System
4. Pro-Series
5. Lacerte
6. Turbo
7. Tax Act

1. E-filing-
2. Florida Intangible return- Settlement Statement (sale of home, sale of business property, sale of rental property and refinance of property) –
3. Section 529/530 distribution & Contribution-
4. Form-1099-Q, 1098-T, 1098-E-
5. Oil & Gas-
6. K-1’s footnotes-
7. State Taxable, State non taxable issue and US obligation issue-
8. Form-2555-
9. Employee’s Stock Option-
10. All Retirement Issue-
11. Foreign tax credit issue-
12. Depreciation & Assets Classification Issue-
13. Education Credit Vs deduction-
14. Like Kind Exchange (Form-8824)-
15. Disposition of K-1’s Share-
16. Capital Gain Vs Ordinary gain-
17. Preparation of Estimates-
18. Change Of residency (Part year resident Vs non resident)-
19. Change of marital Status-
20. Passive activity loss limitation-
21. Net operating loss-
22. At risk limitation (Form -6198)-
23. AMT issue-
24. W-2 complex issue-
25. UBT issue-
26. Form-2106 & Form -8829-
27. Short sale, wash sale, contracts & Straddles and Option trading-
28. Installment sale (1st year)-
29. Multi state & multi activity K-1’s-
30. Moving exp-Form-3903 (very important software input)-
31. Averaging of farm income-
32. Disposition of farm live stock-
33. Schedule-H-
34. Mortgage interest deduction limitation-
35. Real estate tax, personal property tax, other tax (complex issue only)-
36. Investment Interest deduction limitation-
37. Clergy/minister’s return-
38. Form-2441 (dependent care expenses)-
39. Form-8814 & Form-8615 –
40. Casualties and thefts (Form-4684)-
41. Composite return-
42. Schedule-E (Vacation home)-
43. Various credits-
44. Schedule M-1 and M-3 for business tax return.
45. Consolidate federal return for Form 1120.

US &
UK
Accounts

1. Quick book
2. CSA
3. Peachtree
4. Sage

1. Accounting Services including bookkeeping and analysis of information
2. Accounts receivable/payable
3. Document Management
4. Payroll Processing
5. Banking
6. Claims Processing
7. Investment Partnership accounting

US
GAAP

Analysis part

Preparation of Financial statements

1. Compilation
2. Review of FS

Record yearend transactions and preparation of Compilation reports.

Payroll tax return

Preparation of Form 940 & Form 941 and state filing requirements.
Preparation of W-2 & W-3.