Intuit Tax Advisor vs. ProConnect Tax and Lacerte Tax Planners
by Intuit• Updated 2 weeks ago
This article will help you understand the differences between Intuit Tax Advisor and the ProConnect Tax and Lacerte Tax Planners.
Beginning in 2025 (Tax Year 2024), Intuit Tax Advisor will be included with Lacerte and ProConnect Tax. See here to learn more.
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 - Adjustment analysis |
Intuit Tax Advisor | Intuit Tax Advisor provides customizable tax-saving strategies and insights in areas such as: - Retirement savings - Business expenses - Income and deductions - Timing - Higher education - Shifting income between entities 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 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 also allows users to create reusable custom strategies to capture estimated tax savings to include in the report.
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 |
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