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UltraTax CS

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Last updated on

Company health

Employee growth
4% increase in the last year
Web traffic
7% decrease in the last quarter
Financing
April 2020 - $10M

Ratings

G2
3.3/5
(54)
Glassdoor
4.1/5
(34)

UltraTax CS description

UltraTax CS is a professional tax software designed for accounting firms and tax professionals. It provides a complete solution for tax preparation, planning, and compliance covering federal, state, and local taxes. UltraTax CS offers features like automated workflows, data sharing, e-filing, and integrations with other Thomson Reuters products, aiming to improve efficiency and accuracy in tax preparation for accounting firms.


Who is UltraTax CS best for

UltraTax CS is a tax software solution for accounting firms and tax professionals seeking comprehensive tax preparation, planning, and compliance features. Users praise its user-friendly interface, comprehensive features, and integration with other Thomson Reuters products. However, some users report slow speeds, expensive pricing, and poor customer support. Ideal for small firms needing robust tax preparation capabilities.

  • Best fit for small accounting firms.

  • Not suitable for specific industries.


UltraTax CS features

Supported

Supports federal, state & local tax programs, including 1040, 1120, 1065, 1041, and multistate returns.

Supported

Provides considerable calculation capabilities, processing and previewing data upon entry.

Supported

Enables information transfer across forms; data entered once populates relevant fields in other returns.

Supported

Provides a checklist of previously entered fields and flags missing items, allowing client email reminders.

Supported

Offers features like Client Organizer and printable tax organizers.

Supported

Includes e-filing, electronic bank products, and automated client communications.

Supported

Provides access to tax law research, practice aids, and interactive tools from Checkpoint.


UltraTax CS reviews

We've summarised 52 UltraTax CS reviews (UltraTax CS G2 reviews) and summarised the main points below.

Pros of UltraTax CS
  • User-friendly interface and easy navigation.
  • Comprehensive features covering various tax situations and return types.
  • Good integration with other Thomson Reuters products.
  • Form view allows easy review and error checking.
  • Helpful diagnostics for ensuring complete returns.
Cons of UltraTax CS
  • Slow speeds and server issues cause significant delays.
  • Expensive compared to other tax software options.
  • Poor customer support with long wait times (2+ hours).
  • Hidden and unclear pricing, especially for support and additional features.
  • Difficult multi-state allocation for passthrough entities.

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UltraTax CS FAQ

  • What is UltraTax CS and what does UltraTax CS do?

    UltraTax CS is tax software for accounting firms and tax professionals. It offers a comprehensive solution for tax preparation, planning, and compliance, including federal, state, and local taxes. It features automated workflows, data sharing, and e-filing capabilities.

  • How does UltraTax CS integrate with other tools?

    UltraTax CS integrates with other Thomson Reuters products to streamline data sharing and workflows. This integration improves efficiency and accuracy in tax preparation, a key benefit for accounting firms. However, users have reported slow speeds and server issues that can cause delays.

  • What the main competitors of UltraTax CS?

    Top alternatives to UltraTax CS include Drake Tax, CS Professional Suite, and Bloomberg Law. Drake Tax caters to similar users, while CS Professional Suite offers a broader range of accounting tools. Bloomberg Law focuses on legal professionals needing tax research capabilities.

  • Is UltraTax CS legit?

    UltraTax CS is a legitimate tax software from Thomson Reuters, used by many accounting firms. However, some users report slow speeds, expensive pricing, and poor customer support. Consider these factors when evaluating if UltraTax CS is safe and suitable for your needs.

  • How much does UltraTax CS cost?

    I cannot find pricing information for UltraTax CS. Contact the vendor for product pricing details to determine if UltraTax CS is worth the investment for your tax preparation needs.

  • Is UltraTax CS customer service good?

    UltraTax CS users report mixed experiences with customer service. While some appreciate the knowledgeable support representatives, many express frustration with extensive wait times and unhelpful service. This suggests there's room for improvement in customer support responsiveness.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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