Thomson Reuters Ready to Advise is an AI-powered tax planning advisory solution for tax and accounting firms. It analyzes uploaded tax returns and supporting documents to identify personalized planning opportunities. Firms can prioritize those strategies by potential impact, complexity, and fit with client goals, then use guided workflows for implementation. The workflows provide step-by-step guidance, explanations, calculation tools, and Checkpoint content. A Q&A Chat answers tax planning questions using Checkpoint content. The AI-guided workspace connects firm content, Checkpoint, IRS code, and internal documents. Customizable reports for clients can show proposed opportunities, projected financial impact, implemented strategies, and actual results. Ready to Advise integrates with existing tax software, though the specific products are not named. The maker describes it for advisory practitioners and mid-sized and enterprise firms, including firms that want junior staff to take on advisory work. Thomson Reuters offers a free demo and directs interested firms to contact a representative for pricing. Its Ready to Advise contact page lists 800-968-8900 for phone inquiries.
Who it is for
Ready to Advise suits tax and accounting firms that want to analyze client tax documents and organize personalized planning opportunities. It is aimed at advisory practitioners and mid-sized or enterprise firms, including those that want junior staff to handle advisory work with guided workflows.
What is good
- Analyzes uploaded returns and supporting documents for planning opportunities.
- Prioritizes strategies by impact, complexity, and client goals.
- Guided workflows include explanations and calculation tools.
- Q&A Chat answers tax planning questions using Checkpoint content.
- Customizable reports present projected impact and actual results.
- Scenario modeling and data import are supported.
What to know first
- Pricing is available on request rather than as a stated subscription price.
- The named tax software integrations are not provided.
- The free offer is a demo, not a stated free plan.
Verdict
Consider Ready to Advise if your firm needs structured tax planning analysis, implementation guidance, and client-ready reporting. Its workflows are also intended to help firms delegate advisory work to junior staff. Firms that need a published subscription price or named integration details should contact Thomson Reuters before choosing.
Get started with Thomson Reuters Ready to Advise
- Visit https://tax.thomsonreuters.com/en/products/ready-to-advise.
- Request a free demo from the product page.
- Contact a Thomson Reuters representative for pricing.
- For phone inquiries, call 800-968-8900.
Questions about Thomson Reuters Ready to Advise
How much does Ready to Advise cost?
Pricing is available on request. The product page directs interested firms to contact a representative.
Is there a free plan?
The product page offers a free demo. It does not describe a free plan.
What does Ready to Advise do with tax documents?
It analyzes uploaded tax returns and supporting documents to identify and prioritize personalized planning opportunities.
Does Ready to Advise integrate with tax software?
It integrates with existing tax software, but specific products are not named.
Who is Ready to Advise designed for?
Thomson Reuters describes it for advisory practitioners and mid-sized and enterprise firms, including firms seeking to delegate advisory work to junior staff.
What security resources does Thomson Reuters provide?
Its Trust Center provides resources such as SOC reports, certificates, attestations, and security questionnaires. Access to those artifacts requires an account.
Compared on tax planning software
- Scenario modeling
- Yes
- Data import
- Yes
