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Corporate Taxprep

Score10 out of 10

2 Reviews and Ratings

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What is Corporate Taxprep?

Wolters Kluwer states Corporate Taxprep is the choice of virtually all of Canada’s top accounting firms, the CRA and half of all FP 500 companies, and that is has the most comprehensive collection of federal and provincial forms and tools designed to address complex T2 preparation requirements. It’s Canadian corporate tax software that aims to maximize efficiency, optimize resources and improve the bottom line.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features Corporate Taxprep has to offer, as determined by TrustRadius' reviewers.
Based on 2 ratings of Corporate Taxprep's features
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Top Performing Features

  • Tax Data Reporting

    Ability to export transaction data for tax filing.

    Category average: 8.3

  • Compliance Administration Management

    Ability to facilitate tax preparation, filing, and tax remittances across local, state, and federal jurisdictions.

    Category average: 8.6

  • Cross-border Taxes

    Software is capable of calculating and filing taxes, such as customs, across countries.

    Category average: 7.8

Areas for Improvement

  • Tax Exemption Processing

    Ability to generate, track, exemption certificates from sales invoices.

    Category average: 8.2

  • Tax Document Management

    Collection and storage of tax documents, especially exemption certificates, and ability to retrieve them to use for tax audits.

    Category average: 8

  • Complex Tax Scenario Management

    Ability to automate handling of tax holidays and other anomalies.

    Category average: 7.4

Reviews

What users are saying about Corporate Taxprep.
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All-in-one solution

Yves CoallierView profile
Président-fondateur_founder; Fiscaliste International_tax specialist at GCI Tandem inc. | Membre du Cabinet de fiscalité Gallant & Associés inc. (11-50 employees employees)

Use Cases and Deployment Scope

The software is used to fullfill all reporting requirements and tax needs for our clients.

Pros

  • Integration of corporate groups into one entity filing
  • Link with Tax Forms and TaxPrep for Trust and/or Individuals to provide relevant data
  • Multi-users plateform enabling time keeping, documentation of tax positions, etc.
  • Express data entry with a comparison to prior Year

Cons

  • A step-by-step process when starting a new business for reporting and permanent data collection? Rather than filling different forms to identify.
  • An automatic connection to tax assessment and warning of issuance of such assessmeent by taxing authorities (when client have given autorization)
  • Link to a payment platform for taxes due
  • Automatic e-mail reminder to client for tax installments due, once client adresse field has been documented

Return on Investment

  • Streamline processing of tax conformity
  • Easy to deploy solution
  • Quick learning curve for COOP workterm and students

Alternatives Considered

Intuit TurboTax

Other Software Used

Wolters Kluwer CCH ProSystem fx