CS Professional Suite & Onvio

Training for CS Professional Suite

Class Listings

UltraTax CS

UltraTax CS Partner Review and Planning Tools - ST

Level: Intermediate

The objective of this course is to align UltraTax CS with partners to provide powerful review tools that can be used to track return data, ensure accuracy, and review returns seamlessly. These tools include diagnostics, tickmarks, field and client notes, and the ability to view prior year data. You’ll discover how to attach text to a return, find and request missing data, and review reports calculated by UltraTax CS for both individual and business entities. With UltraTax CS, you have the opportunity to add high-value tax planning services to your firm’s service portfolio. See these tools and how they can assist you in reviewing a client’s return and offering tax-planning advice. Prerequisites for this class include working knowledge of UltraTax CS. This course requires a high-speed Internet connection. Target Audience: Partner & Management Staff.

Course Objectives:

  • Working with client notes, tickmarks, and missing data indicators to track data and ensure accuracy within a return
  • Using diagnostics, reports, and summary pages to analyze a completed return
  • Calculating the Tax Projection worksheet for a one-year forecast
  • Analyzing multiple years and alternatives with Planner CS to offer detailed tax planning
  • Using calculators and flowcharts in ToolBox CS to for client tax guidance

View Topics...

  • Working with statement fields
  • Adding impromptu to do
  • Reviewing prior year data on-screen
  • Understanding and tracking overruled data
  • Using interactive diagnostics and monitoring with the Watch tab
  • Working with attached text
  • Understanding the Preparer Review Report, the Federal Return Summary and the Tax Return History Report
  • Understanding the Two-Year Comparison Reports and the Comparative Analysis Reports
  • Understanding the K1 Detail Summary Report, Optimization Reports, and the Partner/Shareholder Reports
  • Understanding Apportionment Reports and Allocation Reports
  • Using online research tools and the Tax Subject Index
  • Assigning the Client Complexity Factor
  • Understanding the Tax Projection Worksheet
  • Exporting UltraTax CS clients to Planner CS and preparing multi-year and multi-alternative plans in Planner CS
  • Using the W-4 tool in Planner CS
  • Reviewing Tax Worksheets and Tax Organizers in Toolbox CS

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