Intuit Lacerte Tax Features

Recommends strategies to lower taxes such as tax credits or charitable contributions

Determines exemptions for sales tax or revenue tax for industries such as nonprofit

Determines tax credits and carryforward from prior years to lower the amount of tax owed

Estimates how much tax will be owed at the local, state, or federal level

Calculates tax related data, such as income, COGS, depreciation, and other operating costs

Provides the latest rules and tax rate information for different federal, state, county, and city entities

Generate one-off reports that meet information requirements

Information, data and reports that are being tracked over time

Integrates with other systems, such as accounting, ERP, CRM, and ecommerce platforms

Syncs with company accounts to automatically import transaction data

Integrate with a third-party accounting system

Include various tax forms for individual, partnership and corporation at federal level

Include various tax forms for individual, partnership and corporation at multi-state level

Able to import client data from multiple sources such as accounting software, spreadsheets or previous tax returns

Able to export completed tax returns for clients or internal records

Import and export data to and from software applications

Allow electronic filing of various tax returns

Allow convenient e-signature collection from clients for any document

Allow automated tax calculation as per tax laws and compliance

Allow tax planning to minimize tax liabilities based on historical and forecasted data

Electronically collect payments for goods or services

Allow access to client using client portal

Provide tax advisor functionality to assist in tax planning

Oversee the process of issuing refunds

Track and manage adherence to policies for any service, product, process, or supplier

Manage and track all internal and external communication conducted via calls, email, text, or chat

Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc.

Store, manage, and track all electronic documents in a centralized location

Manage contact details and communication with clients

Store and organize documents in a centralized system

Electronic signing method that validates the authenticity and integrity of a digital document

Create, manage, and send invoices or bills to customers

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

Implementation of various strategies to manage tax obligations via planning and maintaining compliance

Manage the process of evaluating documents or requests submitted for approval

Set up connections to third-party platforms to improve business processes

Measure and track time including hours worked and paid time off (PTO)

Calculation of consumption tax imposed on properties

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Creation, processing, verification, and execution of invoices till the payment is made

Define levels of authorization for access to specific files or systems

Create, manage and track all task activities and progression

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws

Use AI to generate content in the form of text, images, videos, etc.

Timed notification for any upcoming task, deadline, appointment, or activity

Pre-designed layouts that can be customized to match preferences and requirements

Compare and match accounting/financial records with corresponding bank statements

Designed for tax practices

Create, design and manage workflows for repetitive tasks

Accept electronic bank-to-bank transfers using a network called the Automated Clearing House (ACH)

Ability to identify, sort on and alert participating parties about the approaching date by which action has to be taken

Track the status over time for a request, process, asset, or transaction

Manage and handle various international currencies

Determining value of properties/purchases to calculate tax

Access software remotely via mobile devices

Upload, track, and submit receipts in a central database

Dashboard to view the status of ongoing processes, identify current incidents and track past activities

Track tax-related transactions, tax remittance and tax reporting for various groups of employees and contractors

Application programming interface that allows for integration with other systems/databases

Declaration of income made to tax authorities

Track tax-related transactions, tax remittance and tax reporting for various groups of employees and contractors

Use AI to generate content in the form of text, images, videos, etc.

Security protocol that ensures secure, encrypted communication over the internet, safeguarding sensitive data from unauthorized access

Create, design and manage workflows for repetitive tasks

Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc.

Allow multiple users with individual logins and varying permissions to use the same account, software, portal, or service

A record of all activities within the system, including user access, changes made, etc.

The completion of documentation that calculates earned income and the taxes to be paid, also called a tax return

Manage contact details and communication with clients

Dashboard to view the status of ongoing processes, identify current incidents and track past activities

A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users

Transmit documents to regulatory authorities over the web

Financial planning for tax purposes

Software specialized for corporate use

Creation and customization of dashboards

Allows users to manage data from a number of sources

Track and manage adherence to policies for any service, product, process, or supplier

Import and export data to and from software applications

Calculation of consumption tax imposed on the sale of goods/services

Private online space that lets businesses securely share documents and provide information access to clients

Specify or track the date/time a project, task, etc., is due for completion

Pre-designed layouts that can be customized to match preferences and requirements

Track the status over time for a request, process, asset, or transaction

Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws

Record customer information, purchase history, and other notes

Software specialized for non-profit organizations

Manage and store data in a database

Store, manage, and track all electronic documents in a centralized location

Reminders sent via email

Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges

Graphical representation of data

Collection, analysis, and representation of numerical data and generation of reports to understand various patterns

Define levels of authorization for access to specific files or systems

Declaration of income made to tax authorities

Timed notification for any upcoming task, deadline, appointment, or activity

Track and document all activities across devices, networks, and other systems

Evaluate units, projects, budgets, and other finance-related data to gauge their performance and potential risk

Process of checking different types of data for accuracy to avoid errors or inconsistencies

Compare and match accounting/financial records with corresponding bank statements

Access software remotely via mobile devices

Manage employee salary processes, data, taxes, and records administration efficiently

Manage and handle various international currencies

Creation, processing, verification, and execution of invoices till the payment is made

Goods and services tax

Determining value of properties/purchases to calculate tax

Manage the process of evaluating documents or requests submitted for approval

Electronically collect payments for goods or services

Captures invoice data and maintains comprehensive records for auditing and reporting purposes

Implementation of various strategies to manage tax obligations via planning and maintaining compliance

Create, manage and track all task activities and progression

Application programming interface that allows for integration with other systems/databases

Add customized logos and colors to align with company branding

Calculation of consumption tax imposed on properties

Alter the layout and content of reports

Log and record hours worked and costs spent to assist in billing and invoicing

Receive data and information in real time

Upload, track, and submit receipts in a central database

Store and organize documents in a centralized system