"Reducing data re-entry is critical to running an efficient, profitable tax practice." - Cameron Peters, Founder and CEO
Calgary, Alberta (PRWEB) November 20, 2014
Trilogy Software Inc. announced today that their TaxCycle Paperless Tax Office Suite of software for Canadian tax professionals and accounting firms will now provide drag-and-drop import of T4 slips created by the PaymentEvolution online payroll service.
PaymentEvolution is Canada's largest and most loved cloud payroll and payments service. It provides easy to use, secure online payroll services to small and mid-sized businesses across Canada.
“Reducing data re-entry is critical to running an efficient, profitable tax practice,” states CEO & Founder, Cameron Peters. “PaymentEvolution already offers electronic delivery of T4 slips to employees. Now these employees can provide that electronic file to the tax professional preparing their personal tax return in TaxCycle T1. No need to print the slip, so there’s no data re-entry.”
The TaxCycle Paperless Tax Office Suite focuses on improving tax office workflow automation for tax professionals. It includes a wide range of document management and professional tax software preparation modules: DoxCycle, TaxCycle T1 Personal Tax, T2 Corporate Tax, T3 Trust Tax and T3010 Charity returns, as well as T4/T4A Employment Income, T5 Investment Income, T5013 Partnership Income and T5018 Contract Payments returns and slips. Import of PaymentEvolution T4 data will be available for the 2014 TaxCycle T1 module.
“Data integration like this one is especially important for preparers during busy tax season. A quick export of an XML file for drag-and-drop import into a TaxCycle T1 return not only saves precious time but prevents critical data re-entry errors,” continues Cameron. “Every minute a tax preparer spends on data entry, or reviewing re-entered data, is one that could have been spent providing tax expertise to their clients.”
“Modern accountants need modern tools that simplify their client workflow. TaxCycle is an essential part of that workflow and importing employee T4 slips will help you achieve a true paperless tax office,” says Sam Vassa, CEO and co-founder of PaymentEvolution.
The PaymentEvolution T4 import will be available in early 2015 for preparing 2014 T1 personal tax returns. TaxCycle users will be able to drag and drop XML files onto the TaxCycle window to quickly add the slip data to the personal tax return.
TaxCycle and DoxCycle are available in a free trial download from the company’s website http://www.taxcycle.com.
Businesses and accountants can sign up for a free trial PaymentEvolution Payroll account at http://www.paymentevolution.com.
The TaxCycle Suite of professional tax software products are used by Canadian accounting firms and tax preparers. The Suite includes T1, Document Management, T2, T3, T3010, T4/T4A, T5, T5013 and T15018. TaxCycle and DoxCycle are registered trademarks of Trilogy Software Inc.
908 - 1333 8 Street SW
Calgary, AB T2R 1M6
PaymentEvolution provides easy to use, secure online payroll and payment services to small and mid-sized businesses across Canada. We're trusted by thousands of businesses, and process over $500M in payments. See why we're Canada's most loved payroll and payments service at http://www.PaymentEvolution.com
PaymentEvolution is a registered trademark of PaymentEvolution Corporation.
Phone: +1 647 776 7600
12-2601 Matheson Blvd East
Mississauga, ON L4W 5A8