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Intuit Tax Advisor vs. ProConnect Tax and Lacerte Tax Planners

by Intuit• Updated 8 months ago

This article will help you know the differences between Intuit Tax Advisor and the Intuit Tax Advisor and Lacerte Tax Planners.

How is Intuit Tax Advisor different from ProConnect Tax and Lacerte Tax Planners?

ProConnect Tax and Lacerte Tax Planners only project taxable income and tax liability and is limited to four types of premade tax plans: a year/case analysis, difference analysis, Married Filing Jointly/Married Filing Separately comparison, and adjustment analysis.

Intuit Tax Advisor provides customizable tax-saving strategies and insights in areas like retirement savings, business expenses, income and deductions, timing, higher education, and shifting income between entities. More importantly, Intuit Tax Advisor shows estimated tax savings for each of those recommended strategies. Currently, Intuit Tax Advisor only projects the current tax year, while ProConnect Tax and Lacerte Tax Planners projects multiple years.

Can Intuit Tax Advisor replace ProConnect Tax and Lacerte Tax Planners?

Intuit Tax Advisor can meet your tax planning needs for most of your clients without the need to also use ProConnect Tax or Lacerte Tax Planners. It provides a federal and state tax projection that includes ‌tax saving strategies. (State strategies aren't included at this time). For most clients, Intuit Tax Advisor allows users to make changes and apply strategies drastically faster than ProConnect Tax or Lacerte Tax Planners with a more visually appealing report.

Intuit Tax Advisor does allow users to create reusable custom strategies to capture estimated tax savings to include in the report. Some complex strategies are not yet included. For impacted clients, you may wish to continue to use ProConnect Tax or Lacerte Tax Planners.

Intuit Tax Advisor vs. ProConnect Tax and Lacerte Tax Planners Comparison Chart

Features	Intuit Tax Advisor	ProConnect Tax and Lacerte Tax Planners
Create pre-strategy baseline scenario	Yes	Yes
Current year planning	Yes	Yes
Data sync with Lacerte and/or ProConnect Tax individual tax returns	Yes	Yes, with their respective tax product
Estimate Federal tax liability	Yes	Yes
Estimate taxable income	Yes	Yes
Add, remove or modify tax strategies to view impact	Yes	No
Apply strategies to activity and tax input field level	Yes	No
Cloud based, always updated with current tax updates	Yes	No
Create custom tax strategies to re-use with clients	Yes	No
Estimate primary residence state tax liability for all states	Yes	No
Estimate tax savings by strategy	Yes	No
Estimate tax strategy cash outlay required	Yes	No
Multi-strategy planning	Yes	No
Tax insights and strategy recommendations from tax return data	Yes	No
Multi-case scenario planning	No	Yes
Multi-year planning	No	Yes

Reporting	Intuit Tax Advisor	ProConnect Tax and Lacerte Tax Planners
Customize pages to include in report	Yes	Yes
Client education and action items by strategy	Yes	No
Personalize firm logo and colors	Yes	No
Professional looking client-friendly reports	Yes	No
Showcase the advisor's expertise and tax saving value	Yes	No
Tax planning proposal with optional fee ROI	Yes	No
Tax savings by strategy	Yes	No
Compliance oriented worksheets	No	Yes

Lacerte TaxLacerte Tax PlannerProConnect TaxWorkflow Add-On Tax Advisor

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