VisualTax™ - T1

Due to technical upgrades to T1 in Oct 2005 we recommend that you first read the October 2005 News Bulletin that contains an introductory summary.

The VisualTax™ T1 is offered in 4 different versions as listed below.

Please consult the T1 Feature Matrix for a comparison of features among the various versions

VisualTax™ T1 Versions

Visual T1 Limited	Recommended for starters with up to 50 tax returns
Visual T1 Standard	Recommended for offices that prepare up to a few hundred tax returns but they can do without the administration and productivity facilities of the Power version
Visual T1 Power	This is the most powerful general purpose version of the T1 program. It is recommended for established tax offices preparing hundreds or thousands of tax returns. It is also recommended for anybody who also buys the T2 program (due to discounts of bundled prices).
Visual T1 Multi-office	Special features for centrally controlled franchise offices.

VisualTax™ T1-Power Version

Filing Options

Efile On-line and Efile On-line Plus, SEND

Paper returns

'Efile On-line' allows CRA approved tax professionals to file tax returns via the Internet one return at a time. Encryption software and Datapac account are not required..

'Efile On-line Plus ' allows CRA approved tax professionals to file tax returns via the Internet in Batch mode. Encryption software and Datapac account are not required...

Types of returns and forms

	Multiple jurisdictions, Non-resident returns, NR-Section 216, NR-Section 217, Bankruptcy returns, Deceased taxpayers, Discounted returns.
	All provinces except Quebec.
	Family returns with unlimited members
	All forms including Foreign tax credits, Investment tax credits, Oil/gas/mining taxation, CAIS, etc.

Administrative

Invoicing

Daily revenue reports

Client letters, Promotional Client Letters with the Build-in word processor, Client Mail merge facilities

Client Data Base analysis tools, queries and client statistics

Remote Office Consolidation

Audit tools, Optimizations,
and Operational

Active and constantly alert Audit Wizards to guide you prepare error-free returns.

Optimization of Donations, Losses, Medical and Family returns

Discounter options, Multi-user, family processing, Batch printing, Tax planner,

Unlimited self-employment statements, slips and other forms .

Three year Comparative tax summary

Seamless link to Visual FP™ family of products.

The new trademarks of unsurpassed productivity and accuracy from VisualTax™:

Visual Super Audit™ (Never miss a deduction or income source you reported last year!.)

Visual Super Verification™ (What you reported this year vs last year)

Visual Super Entry™ (Never type the same word again this or the subsequent tax years!)

Forms Supported

Forms Supported screen shot

Other VisualTax™ screen shots

System requirements

Windows 2000, XP, NT, VISTA running on Pentium of 266 MHZ (preferable 512 MHZ ), 256 MB of memory and up. Laser Printer with minimum 2 MB (preferably 4 MB and up)

Additional details

Unlimited Capacity

Unlimited number of concurrently processed returns (family members or unrelated)
Unlimited forms/schedules concurrently displayed (same or different returns)
Unlimited number of all types of slips (T3,T4,T5, etc.)
Unlimited number of Self Empl. Statements (Business, Professional, Commission, Farming, Fishing)
Unlimited number of Rental Statements
Multiple number of countries for Foreign Tax Credits
Unlimited number of user defined Notepads
All types of returns: (Non Resident, Bankruptcy, Deceased, Multiple jurisdictions)
Unlimited Client data directories

Other features

Customizable client covering letter
Fee Structure for invoice preparation
Audit trail of the date/time the return has progressed through several stages of preparation.
Preparer textual notes and practical status indicators such as ‘Missing data’, ‘Ready to print, ‘EFile rejected’, etc..
Tax Planner. A single keystroke instantly recalculates with next year’s rates
Multi-year comparison of each tax return
Client handout with additional information required
Client Letters with your own Logo
Several methods of Invoice costing (Manual, Forms based, Time Based, Complexity based)
Flow-through taxation
Adjusted Cost base worksheets
Investment Portfolio manager
Oil/Gas/Mining slips and calculations
Unlimited Private NotePads
Letters Data Base of your own design and Mail Merge
Client Data analyser
Reviewer Notes/Remarks for each return
Multiple print sets: Preparer defines what forms are printed for Client vs Revenue Canada, vs preparer’s Copy, vs other purposes (6 sets)

Safe error trapping and diagnostics

Five Audit Wizards automatically detect any real or potential errors during return preparation
Error trapping at data entry
Summary of outstanding errors before Printing/Saving/Efiling
Single mouse click locates the form and field in error

‘True Windows’ Design

Designed from scratch as a windows program
Intuitive visual components for easy operation
Full use of the memory capacity of your hardware and the windows environment
It co-exists with no conflicts and blends perfectly with any other windows application in your system

Intuitive, easy to use interface

Multiple returns in memory
Returns differentiated by different colors automatically
Choose your own color for each loaded return with a single mouse click
Single mouse click switches from one return to the spouse or any unrelated return
Single mouse click switches from one form to the next
Single mouse click locates the source form of a calculated field
Comparative summary (current with previous years)
Summaries of all multiple occurrence forms and statements; i.e. Bus. Statements summary, Rental Summary, etc.
All functions accessible from a single desktop window
Customizable desktop to optimize space for tax data entry
On-line context sensitive help

Speedy data entry

Predictive entry such as names of financial institutions in T5, T3, Schedule 4
Shared slips and statements are entered only once
Automatic allocation of shared slips to each spouse
Automatic allocation of self-employment income and expenses to spouses or partners
Automatic allocation of home expenses to several self-employment statements
Automatic allocation of rental income to spouses or partners
Spousal coupling or family processing with optimization
Data Continuity (Carry forward and Installment calculations)
Memo attachments, overflow schedules and itemized lists
NAICS codes for automatic entry
Copy data among forms
Currency conversion for foreign income
Reviewer Notes for each return

Blazing Speed

Instantaneous display of tax liability after each keystroke

True images of CCRA forms in display and print

Exact and easy to read replicas of Revenue Canada forms, with all necessary fonts
What you see what you get operation (WYSWYG)

Effortless "what if"

Key tax data (Income, deductions, balance, etc.) constantly displayed on the screen after each keystroke
Any change instantly reflected on this tax window

Single mouse click operation

Most functions accessible with a single mouse click on intuitive program icons

Printing

Exact replicas of all CCRA forms, with all necessary fonts even on dot matrix printers
Several Printing templates to fit your operational style. You define what the program prints for your client’s copy vs the copy for CCRA or your own copy of the return.
Unlimited number of returns printed in unattended batch mode.
Single mouse click prints all ‘ready to print returns’.

Customization

Most features are customizable to fit your needs and taste.
Default parameters to save keystrokes (Province, City, etc.).
Window presentation modes.
Several operational options

Effortless Internet Filing

Transmission file creation with a single keystroke, for all ‘Ready for Efile’ returns
Automatic status of EFiled returns (rejected, accepted, error codes) and reports