A comprehensive tax preparation solution that includes specific forms and schedules for insurance companies. Features include electronic filing, client collaboration tools, and compliance with industry-specific regulatory requirements.
Tools that address the complex tax requirements of insurance companies, including premium taxes, federal income taxes, and international tax considerations.
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Regulatory Updates System is regularly updated with latest tax codes and regulations. |
Intuit ProSeries Professional states regular updates to tax codes and regulations as a key feature to remain compliant. | |
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Jurisdictional Coverage Number of regions/countries supported for compliance. |
No information available | |
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Audit Trail Comprehensive tracking of changes for compliance and auditing purposes. |
Audit trail features are included for compliance, allowing changes to be tracked within returns. | |
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Filing Assistance Guided workflows for regulatory filings (e.g., premium, income, sales taxes). |
Guided filing workflows and wizards support users in preparing and submitting complex tax filings. | |
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Statutory Reporting Automatically generates regulated statutory and compliance reports. |
System produces regulated statutory forms and filings as part of its core tax prep functionality. | |
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Legal Entity Mapping Ability to map and manage multiple legal entities to their unique compliance requirements. |
Supports management of multiple legal entities (business & individual clients) with unique filing requirements. | |
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Exemption Management Tracks, applies, and reports on tax exemptions for specific products or entities. |
Tracks and applies tax exemptions for client-specific cases within the software. | |
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Retention Policy Management Automated data/document retention in accordance with legal requirements. |
No information available | |
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Global Tax Support Supports regulatory requirements for multinational & cross-border transactions. |
No information available | |
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Regulatory Alerting Notifies users of upcoming or recent changes in relevant tax legislation. |
Alerts and notifications of regulatory/tax changes are part of the update system. | |
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FATCA/CRS Compliance Ensures product supports reporting under the US Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS). |
No information available | |
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Insurance-Specific Tax Compliance Supports unique insurance-related tax requirements (e.g., premium taxes, excise taxes). |
ProSeries Professional has insurance-specific forms (type P&C, health, life, etc.), including premium and excise taxes. |
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Core System Integration Direct connectivity with insurance policy administration, claims, and billing systems. |
Integrates with Intuit QuickBooks, import/export, and other policy admin/accounting solutions. | |
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ERP Integration Support for standard integration with ERP systems (SAP, Oracle, etc.). |
No information available | |
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Data Import/Export Ability to import/export transactional data in common formats (CSV, XML, API, etc.). |
Can import and export data; supports CSV, spreadsheet, and some APIs. | |
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Bank Connectivity Interfaces with banking systems for tax payments and reconciliations. |
. | No information available |
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API Availability Accessible APIs for custom integrations. |
APIs and SDKs available for certain data connections (see Intuit Developer documentation). | |
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Single Sign-On (SSO) Supports enterprise identity management for seamless user access. |
SSO supported via Intuit account. | |
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Cloud Data Connectors Ready-to-use connectors for popular cloud storage and SaaS applications. |
No information available | |
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Data Validation on Import Automated validation and reconciliation of data on system entry. |
Data validation and checks are applied during import procedures. | |
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Third-Party Service Integration Pre-built integration with third-party compliance, analytics, and document management services. |
No information available | |
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Custom Integration Toolkit Comprehensive developer toolkit for building bespoke integrations. |
. | No information available |
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Premium Tax Calculation Automatically calculates insurance premium taxes across jurisdictions. |
Calculates premium taxes for insurance companies; available in insurance company editions. | |
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Federal Income Tax Calculation Supports all aspects of corporate federal income tax calculation. |
Full support for corporate federal, state, and local income taxes. | |
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Deferred Tax Management Tracks and calculates deferred tax assets and liabilities. |
Tracks DTA/DTL through its business tax modules. | |
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Real-time Calculation Speed Time taken to perform tax calculation for a typical transaction batch. |
. | No information available |
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Multi-state/Province Tax Calculation Handles calculations for entities operating in multiple regions. |
Handles multi-state/province calculations for insurance and other businesses operating in several states. | |
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Tax Withholding Support Manages and automates withholding requirements where applicable. |
Supports withholding, especially for payroll and retirement account scenarios. | |
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Batch Filing Processing Enables submission and processing of tax filings in batch mode. |
Batch e-filing and batch print preparation available. | |
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Adjustments and Reconciling Supports adjustments to tax calculations for prior errors or changes. |
Supports post-filing adjustment and amendment of returns with recalculations. | |
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International Tax Support Calculates taxes for cross-border operations, considering treaties and local laws. |
No information available | |
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Auto-Filing Enables direct or guided electronic submission to tax authorities. |
Offers e-filing of federal and state returns. | |
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Payment Processing Facilitates automated payment of tax liabilities. |
Offers payment processing for tax liabilities via integrated modules and instructions. |
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Custom Report Builder Ability to design and save custom reports. |
Custom report builder and summary tools included. | |
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Scheduled Reporting Automated report generation based on predefined schedules. |
Enables reports and returns to be scheduled for generation and submission. | |
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Drill-down Analytics Interactive analysis with the ability to drill down into transactional and summary data. |
Provides analytics and drill-down reporting in summaries and transaction logs. | |
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Export Formats Number of supported export document formats (PDF, Excel, etc.). |
. | No information available |
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Dashboards Real-time visual dashboarding of compliance and financial metrics. |
Dashboard views included for status and compliance monitoring. | |
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Variance Analysis Compares actuals vs. expected or budgeted tax positions. |
No information available | |
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Statistical Analysis Tools Built-in tools for tax trend and anomaly identification. |
. | No information available |
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Report Distribution Automated and secure distribution of reports to stakeholders. |
. | No information available |
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Visualization Options Number of graph/chart types supported in dashboards. |
. | No information available |
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Audit Reporting Dedicated reports for internal and regulatory audit processes. |
Audit-oriented reporting supported for review and compliance. | |
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Ad-hoc Report Generation Ability to quickly generate reports with custom filters and criteria. |
Ad-hoc/custom reports with filters are available. |
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Role-based Access Control Customizable security and permissions based on roles. |
Custom roles and permissions for users (preparer/reviewer/admin). | |
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Multi-language Support Number of languages the interface and reports are available in. |
No information available | |
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Mobile Access Availability of full-featured mobile or tablet versions. |
Not as far as we are aware.* No full-feature mobile/tablet edition; mostly browser/desktop. | |
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Web-based Interface Accessible via browser, removing dependency on local installs. |
ProSeries is primarily a web-based application with some local install options. | |
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Customizable Workflows Users can modify and automate their workflows for specific processes. |
No information available | |
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Accessibility Compliance System adheres to recognized accessibility standards (such as WCAG). |
No information available | |
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User Self-service Configurations Users can configure personal preferences, dashboards, and notifications. |
No information available | |
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In-app Help & Tutorials Integrated walkthroughs and help resources. |
Help resources and walkthroughs are embedded in the platform. | |
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Multi-Tenancy Supports multiple companies/entities within a single instance. |
No information available | |
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Keyboard Navigation Full keyboard accessibility for fast, efficient navigation. |
No information available |
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Encryption at Rest All data is encrypted while stored. |
ProSeries leverages Intuit security standards, including encryption at rest. | |
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Encryption in Transit Data is encrypted while being transmitted. |
Platform uses encrypted connections (HTTPS) for data transmission. | |
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Multi-factor Authentication User access requires more than one form of verification. |
Multi-factor authentication available through Intuit account ecosystem. | |
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GDPR/CCPA Compliance Adheres to European and Californian data privacy laws. |
Intuit platforms are GDPR/CCPA compliant as listed in their privacy documentation. | |
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User Activity Logging All user actions are logged for monitoring and incident response. |
Tracks and logs all user actions for security and compliance. | |
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Data Masking Sensitive data can be hidden from unauthorized users. |
No information available | |
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Disaster Recovery RPO Maximum tolerable period in which data might be lost due to an incident. |
. | No information available |
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Role-based Data Access Access to sensitive information restricted based on user roles. |
Role-based access to sensitive client or financial data included. | |
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Audit Log Retention Period for which audit logs are retained. |
. | No information available |
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Penetration Testing System is subject to regular external security testing. |
Regular external security/penetration testing detailed as part of Intuit's compliance and security promise. |
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Custom Tax Rule Engine Users can configure bespoke tax rules/logic without code. |
No information available | |
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Number of Concurrent Users Supported simultaneous user sessions. |
. | No information available |
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Multi-entity Support Handles multiple business units, companies, or subsidiaries. |
Handles multiple entities/business units for one account or client file. | |
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Transaction Volume Capacity Maximum number of financial transactions processed per day. |
. | No information available |
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Configurable Workflows Ability to customize process flows to align with business practices. |
No information available | |
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Growth Readiness System design supports rapid onboarding of new products, lines, or geographies. |
Supports onboarding of new clients, businesses, and insurance products as client scope grows. | |
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Custom Field Creation Users can add custom data fields. |
Add custom fields in client and entity setup. | |
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Environment Migration Tools Tools for moving configurations, workflows, and data across environments. |
. | No information available |
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Limitless Data Storage Support for virtually unlimited data records. |
No information available | |
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Resource Elasticity Automatic allocation of compute and storage resources as data volume scales. |
No information available |
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Automated Data Extraction Uses OCR or data feeds to pull information from source systems. |
No information available | |
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Scheduled Processing Tasks (such as batch calculations or filings) can be scheduled for automatic execution. |
No information available | |
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Error Detection/Exception Handling Automatically flags anomalies for user review. |
Flags common errors/exceptions and offers diagnostics in return preparation. | |
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Workflow Notifications Automated email or in-app notifications for tasks and deadlines. |
Automated notifications and reminders for tasks and deadlines included. | |
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Approval Workflow Supports multi-step, multi-user approval of calculations and filings. |
No information available | |
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Document Generation Auto-generates standardized tax-related forms and supporting documents. |
Generates IRS and state tax forms and supporting documents automatically. | |
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Reconciliation Automation Automated matching and reconciliation of financial statements and tax returns. |
Offers tools for reconciliation of returns and supporting schedules. | |
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Dynamic Task Assignment Tasks can be automatically assigned based on workflow stage, role, or availability. |
No information available | |
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Retention Workflow Management Automates document retention, archival, and deletion based on policy/requirements. |
. | No information available |
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Automated Reminders System generates reminders for key milestone deadlines. |
Reminders for upcoming tax deadlines, missing data, review steps, etc. |
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Multi-currency Support Handles transactions and tax calculations in multiple currencies. |
Not as far as we are aware.* Handles only USD (and state currency as appropriate); multi-currency not supported. | |
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Local Tax Rules Engine Supports custom rule definition to address distinct rules by locality. |
No information available | |
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Translation Management Automated or manual translation of interface, documentation, and reports. |
No information available | |
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Cross-border Transaction Handling Ensures correct application of treaties, international taxes, and compliance rules. |
No information available | |
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Country-specific Templates Prebuilt forms and templates for country-specific reporting/filing. |
No information available | |
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Foreign Subsidiary Management Associate and manage tax profiles for multiple international subsidiaries. |
No information available | |
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Currency Conversion Automation Auto conversion of values and reporting in local and base currencies. |
No information available | |
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Localization of Dates/Numbers Adapts date, number, and currency formats by user locale. |
No information available | |
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International Document Support Supports global document standards (XBRL, XML, etc.). |
No information available | |
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Cross-border Data Privacy Compliance Implements and tracks compliance with international data privacy requirements. |
Complies with cross-border (GDPR/CCPA) data privacy standards, per Intuit compliance docs. |
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Internal Messaging Built-in communication tools for team discussions and queries. |
Includes client communication modules, internal notes, and messaging tools. | |
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Commenting/Annotations Ability to comment or annotate specific calculations, documents, or workflow steps. |
No information available | |
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Task Assignment Users can assign tax tasks and track completion status. |
Enables assignment and tracking of tax preparation and review tasks. | |
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Approval Routing Route approvals to appropriate stakeholders with full tracking. |
No information available | |
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Document Collaboration Multiple users can jointly prepare, edit, or review documents. |
No information available | |
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Notifications and Alerts System provides timely alerts on changes, deadlines, or approvals. |
Notifies users of deadlines and workflow events via dashboard and email. | |
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Document Sharing Controls Granular controls on document sharing, print, and download permissions. |
No information available | |
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Workflow Status Tracking Real-time visibility of progress and workloads across teams. |
No information available | |
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External Auditor Access Provision of secure, time-limited access to external auditors. |
External users (e.g., auditors) can be provided time-limited access to specific returns/files. | |
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Knowledge Base / Wiki Central repository for tax policies, FAQs, and best practices. |
Embedded tax help, FAQs, and searchable documentation available. |
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24/7 Helpdesk Availability of support staff around the clock. |
ProSeries support operates across extended business and peak season hours, including night/weekend support. | |
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Online Documentation Comprehensive up-to-date user guides and FAQs. |
Comprehensive online manuals and guides provided. | |
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Implementation Support Guided onboarding and implementation available. |
Onboarding assistance, knowledge base, and onboarding guides provided. | |
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Knowledge Base Access Access to searchable database of technical and tax domain information. |
Access to a knowledge base is included in ProSeries support. | |
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User Community Forum Online community for sharing experiences and advice. |
No information available | |
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Training Programs Structured training and certification for users. |
Training programs and certification available via Intuit Academy. | |
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Dedicated Account Manager Assignment of a dedicated customer success manager. |
No information available | |
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Service Level Agreement (SLA) Commitment to minimum uptime and maximum response time. |
Service Level Agreements (SLA) on uptime/support described in the Intuit cloud compliance and terms. | |
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Multi-channel Support Support available via phone, email, and chat. |
Support available via phone, chat, and email. | |
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Release Notes and Product Updates Regular communication of new features and bug fixes. |
ProSeries communicates feature and compliance updates through release notes and product alerts. |
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