If you are a tax professional, CPA, or business owner, tax software like UltraTax provides compliance, accuracy, speed, and reliability that are beyond what is expected. Every tax or accounting professional understands the challenges of meeting tight deadlines, managing multiple clients in peak tax season, and ensuring compliance with the latest tax regulations. Amid all this complexity, UltraTax Software stands out as one of the most comprehensive and trusted tax preparation platforms available today. The application is perfect for tax software hosting on the cloud.
UltraTax software is developed by Thomson Reuters, one of the most respected names in professional and financial software. UltraTax CS is an integral part of the CS Professional Suite, a full suite of accounting and compliance solutions designed for accountants, CPAs, and tax professionals.
In this article, you will get to explore everything you need to know about UltraTax Software, including its features, benefits, pricing, and how UltraTax Software hosting can take its performance, collaboration, and security to an entirely new level.
What Is UltraTax Software?
UltraTax Software is a comprehensive cloud-based tax preparation and compliance solution for professional accountants and tax firms. It allows users to prepare, file, and manage federal/state and local tax returns efficiently. The software is designed for SMBs and tax preparers for a smooth workflow. Created by Thomson Reuters, the software has become a preferred choice for firms that value reliability, regulatory compliance, and integration. Its design prioritizes automation, accuracy, and scalability.
UltraTax is part of the CS Professional Suite, which includes tools such as:
| Accounting CS | Designed for accounting and bookkeeping functions. |
| Practice CS | Designed for firm management and client tracking. |
| FileCabinet CS | Designed for document storage and retrieval. |
| Planner CS | Designed for strategic tax planning and forecasting. |
Who Owns UltraTax Software?
UltraTax CS is owned and developed by Thomson Reuters, a global leader in business information services. Headquartered in Toronto, Canada, Thomson Reuters operates in over 100+ countries and serves the law, tax, compliance, and media sectors. The company’s CS Professional Suite, which includes UltraTax, was designed to empower accounting professionals with cloud-ready tools that deliver accuracy, efficiency, and compliance in one single platform.
Key Features of UltraTax Software
UltraTax Software is known for its deep functionality and ease of use. Here are the main features:
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Multiple Tax Preparation Forms Support
UltraTax supports multiple return types, including:
| Corporate (1120, 1120S) | Individual (1040) | Estate and Trust (1041) | Gift Tax Returns (709) |
| Partnership (1065) | Exempt Organization (990) | State and local returns for all 50 U.S. states | |
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Robust CS Professional Suite Integration
UltraTax CS integrates perfectly with other Thomson Reuters tools like FileCabinet CS, Accounting CS, and Practice CS, allowing accountants and tax preparers to:
- Import financial data automatically on the platform
- Generate tax returns from accounting entries.
- Store and retrieve client files seamlessly without any hassle
- Track firm productivity and billing on the go
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Real-Time Error Checking Option
UltraTax’s intelligent diagnostics system identifies inaccuracies, missing data, or calculation errors in real time. This proactive error checking helps prevent mistakes and rejections when filing returns.
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e-Filing and IRS Compliance
The UltraTax software supports electronic filing (e-filing) for both federal and state returns, ensuring your files are processed faster, with submissions and real-time status tracking. It complies with all IRS and state filing requirements, offering a secure, paperless workflow.
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Enhanced Data Import and Export Capabilities
With UltraTax Software on the cloud, users can import client data directly from Excel, QuickBooks, or other accounting platforms. This saves time and eliminates manual data entry errors.
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Customizable Reports & Analytics Generation
With its advanced reporting features, businesses can generate customized reports to analyze productivity, profitability, and compliance statistics. These insights are invaluable for improving operational efficiency.
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Multi-User Collaboration from a Single Software
When UltraTAX IS deployed in the right environment, multiple users can collaborate simultaneously on the same tax return. Ultratax software is an ideal solution for distributed teams.
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Robust Security and Data Protection
Thomson Reuters prioritizes client data security through end-to-end encryption, secure login, and multi-factor authentication (MFA), protecting confidential financial information at every stage of transmission.
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Benefits of Using UltraTax Software
- UltraTax software includes built-in validation, auto-calculation, and compliance updates to ensure tax filings are accurate and up to date with the latest compliance.
- The software offers enhanced automation tools that reduce manual work and data entry, enabling accountants to process more returns quickly, especially during peak tax season.
- UltraTax easily scales as needed to support multiple users and hundreds of clients, making it suitable for small firms and large CPA organizations alike.
- The service offers E-filing capabilities that minimize paperwork, speed up submission, and ensure faster refund processing.
- Integration with FileCabinet CS allows firms to archive client documents and retrieve them instantly whenever needed securely.
- UltraTax can also be hosted on the cloud for seamless, anywhere, any time access.
System Requirements for UltraTax Software
| Operating System | Windows 10 or Windows 11 (64-bit) |
| Processor | Intel i5 or higher |
| Memory (RAM) | 8 GB or more |
| Storage | 20 GB of free disk space |
| Display | 1280×1024 resolution or higher |
| Internet | High-speed broadband for e-filing and updates |
The Power of UltraTax Software Hosting
Traditional desktop installations of UltraTax can be challenging for users when it comes to remote access, collaboration, data security, and scalability. As accounting firms increasingly adopt remote work and cloud-based operations, hosting UltraTax on the cloud is becoming the preferred solution.
UltraTax Software Hosting refers to deploying UltraTax CS on a secure cloud server provided by a specialized hosting provider (like Right Networks, Ace Cloud, or Sagenext). This means you can access your software, client files, and data from any location, any device, and at any time, without depending on a local office network.
Benefits of UltraTax Software Hosting
- Anywhere, Anytime Access- Accountants and tax preparers can log into UltraTax remotely from home, office, or on the go, offering flexibility.
- Multi-User Collaboration- Hosting allows multiple users to work simultaneously on client files in real time, improving efficiency during peak tax season.
- Enterprise-Grade Security- Cloud hosting providers use bank-level encryption, firewall protection, multi-factor authentication, and intrusion detection systems to safeguard sensitive financial data.
- Automatic Backup and Disaster Recovery- With Ultratax software hosting, all your data is automatically backed up to strong data centers, ensuring business continuity even in the event of a disaster.
- Performance Optimization- Cloud environments are optimized for high performance, reducing software lags and downtime.
- Seamless Integration with Other Tax Tools- UltraTax hosted in the cloud can easily integrate with other accounting applications like QuickBooks, Sage, or Drake, streamlining the entire workflow.
- IT Cost Reduction- Businesses & CPAs save money on local server maintenance, hardware upgrades, and IT staffing, since the hosting provider manages all resources.
- Compliance with Data Regulations- Reputable hosting providers comply with IRS, SSAE-18, and HIPAA standards to ensure your client data remains fully protected.
Who Can Use UltraTax Software?
| Accounting and Bookkeeping Firms | Certified Public Accountants (CPAs) | Financial Consultants |
| Tax Preparers and Advisors | Corporate Accounting Departments | |
Pricing and Licensing
UltraTax pricing varies based on modules, the number of users, and return types. Thomson Reuters typically offers:
- Per-Module Pricing (Individual, Business, Estate, etc.)
- Pay-Per-Return Option for smaller firms
- Comprehensive Annual Packages for larger practices
For precise pricing, Businesses and professionals can contact the Thomson Reuters sales team.
UltraTax vs. Other Tax Software
| Feature | UltraTax CS | Drake Tax | Lacerte | ProSeries |
| Developed By | Thomson Reuters | Drake Software | Intuit Inc | Intuit Inc |
| Integration | Full CS Suite | Limited Options | QuickBooks | QuickBooks |
| Cloud Availability | Through Hosting | Cloud & Desktop | Hosting Options | Hosting Options |
| Scalability | High | Medium | Medium | Medium |
| Target Users | Professional Firms | Individual Preparers | Mid to Large Firms | Small to Mid Firms |
Conclusion
Concludingly, UltraTAX is a powerful accounting and taxation platform offering numerous features designed for all business types. As tax regulations grow more complex and clients demand faster, more secure service, tax professionals need technology that evolves with them. UltraTax Software, developed by Thomson Reuters, is not just a tax preparation tool; it is a complete ecosystem designed for accuracy, compliance, and productivity. And when combined with Ultratax software hosting, it becomes even more powerful, allowing for remote access, real-time collaboration, enhanced data security, and streamlined operations.
Whether you’re a solo CPA or a large accounting firm managing thousands of returns, can be a painful task. UltraTax Software could be your companion. UltraTax CS hosting on the cloud can take your tax operations to a new level.
Also Read: How Free Paycheck Stub Generators Can Help with Tax Preparation