We’ve been considering moving from Profile to TaxCycle. However, one of the features we use extensively is the tax planner. What we like about it is that we can make adjustments on the planner itself, and it shows the marginal tax rates for wages, dividends, and capital gains.
When I look at TaxCycle, I see that you can create a new tax return and set it as a planner. However, it would appear that all the data needs to be entered as if you are preparing a return (so multiple screens versus one screen). Also, the summary only shows the effective tax rate.
What I’m wondering is, what are other users using for tax planning (if at all)? Is there a more efficient way of entering the income, deductions, etc., or do you go into individual slips to put in your projections?