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Corporate tax returns can be extremely complex and time-consuming. That’s why you need the right tools
to efficiently manage the preparation process. Designed with intelligence, Corporate Taxprep contains
a variety of time-saving features that make you even more productive and allow you to arrive at optimized
tax solutions for your clients, or for your corporation.
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T661 Excel Questionnaire
 T661 Excel Questionnaire Brochure
The T661 Questionnaire is a comprehensive, MS Excel-based questionnaire that is used to gather the project information
needed for the T661 Part 2 form in Corporate Taxprep. The data can then be imported into Corporate Taxprep saving
the tax preparer from having to re-type it or copy and paste each item. (The T661 Excel Questionnaire is sold as a
separate product from Corporate Taxprep and an annual license is required.)
Plus, the T661 Excel Questionnaire is much more than just a simple spreadsheet. Features include:
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Multiple Project Support – The T661 Excel Questionnaire allows you to enter information with regard to an
unlimited number of SR&ED projects.
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Distributable version – The distributable version allows each person to prepare their project information
independently and yet still allow it to be imported into the appropriate copies of the T661 Part 2 form in the client file.
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Easily revised – Project information can easily be revised and re-imported into Corporate Taxprep.
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Project documentation management - The Table of Contents allows you to quickly jump to individual project worksheets
and projects can be sorted by name, number and status.
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Consistent presentation – The T661 Excel Questionnaire resembles the CRA’s T661 Part 2 form and corresponds
with the form presented in Corporate Taxprep for quick and easy data comparison.
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Intelligent Data Entry and Validation – Yes/No boxes, check boxes, date fields, and a drop-down list of valid
field of science/technology codes all help make data entry as easy as possible and help reduce errors. Mandatory fields
are highlighted and validation is in place to ensure that word count restrictions are respected.
T2 Data Connection
When you prepare returns for multiple corporations within a corporate group, certain data from every corporation
in the group has to be reported in each tax return. Corporate Taxprep can significantly reduce data entry
time and improve accuracy by automatically importing the relevant data from each of the corporate returns in the group.
The T2 Data Connection also includes the innovative Allocation Scenarios on forms that are used for associated and related
corporations so that you can easily optimize the allocation of various amounts between the corporations in the group, such
as the allocation of the business limit for the small business deduction.
Diagnostics
Corporate Taxprep includes more than 1,600 diagnostics and edit checks that help you ensure that your returns
are accurate and complete as well as helping you avoid costly processing delays or rejections. In our annual customer
satisfaction survey, our clients tell us that these comprehensive diagnostics are one of the most valuable features of the program.
GIFI (General Index of Financial Information)
The GIFI forms in Corporate Taxprep have an intuitive design that allows you to drill down from the Balance Sheet
and Income Statement to the supporting schedules to facilitate data entry and review. Relevant sub-totals on the supporting
schedules are calculated automatically to help ensure that the data entered or imported balances with your Financial Statements.
Corporate Taxprep supports easy importing of GIFI information from accounting or working paper programs, as well as importing
from an Excel spreadsheet.
In addition, Corporate Taxprep transfers hundreds of different items from the GIFI into more than 20 different tax forms.
Corporate EFILE
Save time and money by filing your corporate tax returns using Corporate EFILE; 96% of T2 returns electronically filed are accepted
on the first attempt!
More info »
Effective Review Tools
The innovative Xpress feature, available in all of our Taxprep products, allows you to view a list of the data entered in
the prior year Taxprep data file to help novice preparers navigate the return more easily as well as helping you ensure that
nothing is missed in this year’s return.
Prior Year History
Forms like Schedule 1 and the GIFI schedules include a column that shows you the prior year amount for easy comparison without
having to refer to last year’s tax file. In addition, certain dividend schedules like the Capital Dividend Account, Schedule
53 (GRIP) and Schedule 54 (LRIP) include copies of any calculations done for prior years to facilitate the calculation and
verification of the current year balance.
Links to CCH Tax Research
Get your questions answered and stay up-to-date with links to CCH Tax and Preparing Your Corporate Tax Returns
(both sold separately). No more searching around for answers. No more uncertainty about the latest tax changes. With links in
Corporate Taxprep to these authoritative sources, all the information you need is just a few clicks away.
Specialized Information (SI) Module
If you prepare returns for the resource industry, credit unions or financial institutions, the optional
SI Module will address most of your special compliance needs.
Data Import
A completely flexible data import system allows you to import data from other sources such as spreadsheets, databases, text files,
etc. to reduce data entry time. For example, you can import R&D project information from a spreadsheet into the T661.
Time Saving Features
We know that your time is valuable, so in Corporate Taxprep we are constantly adding new features designed to help you save
time in preparing your returns. Here are a few examples:
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Corporate Taxprep now includes links that will guide you from the old Ontario CT23 to the new CRA Ontario forms
and vice versa to help ensure that you don’t waste time searching for forms.
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For corporations that do not need to claim all of their CCA, Corporate Taxprep includes a feature to automatically
default all CCA claims to zero so that you don’t need to spend time overwriting claims for each CCA class.
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A tax rate table shows the relevant federal and provincial tax limits and rates used in the Corporate Taxprep
calculations so that you can override them to easily calculate the impact of proposed tax rate changes.
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The Scenario form allows you to compare up to 5 different tax scenarios for tax planning purposes.
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