Thomson Reuters is preparing a limited release of its first Onvio Tax module. The company plans to hit the market by the end of the year with a 1041 module, released to what the company termed "a very small group of firms" with all entities ready for a tax season test.

Thomson Reuters has spelled out the next modules in its cloud-based Onvio suite to reach the market. Project Manager and Trial Balance will debut for early in 2017, according to Matt Jagst, senior director of product management, for the company. The new Checkpoint Engage audit software is also built on Onvio. Jagst made his comments at the company's Synergy user conference.

With the right technology, you can teach an old dog new tricks.

I was a tax professional for most of my public accounting career. I started in tax and still did taxes for my computer consulting clients when I finally made the switch into technology about 10 years ago. Recently I decided to try my hand at doing some tax work during busy season. I knew I would need a skilled reviewer and time to review tax law changes, but I was afraid I wouldn’t know how to work the applications. (You would be surprised how many laws haven’t changed very much, except for that new fangled Single Member LLC concept…)

Imagine my surprise, when after 10 years of being away from tax preparation and working papers, I was able to sit down and get up and going with no training on the software. Read more...