Canopy
Cloud practice management for accounting firms with client management, document management, workflow, time and billing modules.
UltraTax CS
Website: tax.thomsonreuters.com
UltraTax CS is Thomson Reuters’ professional tax preparation software for US accounting firms, part of the CS Professional Suite. It handles individual, corporate, partnership, fiduciary, estate, and nonprofit returns with multi-state processing, advanced diagnostics, and electronic filing.
Firms use UltraTax CS for its deep integration with other CS Professional Suite products — Practice CS (practice management), FileCabinet CS (document management), and Accounting CS (client write-up). Data flows between these applications, creating a connected workflow from source documents through to filed returns. The software’s diagnostic engine checks for errors, missing information, and potential compliance issues during preparation.
UltraTax CS is best suited for small to mid-sized US firms, particularly those already invested in the Thomson Reuters CS Professional Suite ecosystem. It sits between ATX (Thomson Reuters’ entry-level product) and GoSystem Tax RS (the enterprise platform) in terms of capability and price.