2018 Review of LaserLink

LaserLink from Tenenz is best suited for larger businesses, or accounting professionals that process a high number of year-end compliance forms for clients. LaserLink is a stand-alone application and is available in two versions; LaserLink with E-File, and LaserLink XL with unlimited E-File. LaserLink supports an unlimited number of payers and recipients.

LaserLink is available either as a CD or by download and offers quick, easy installation, with the product operational in minutes. LaserLink can be installed on a desktop computer, laptop, or on a network if desired. The product does not offer remote or mobile access.

LaserLink support all common year-end compliance forms, including W-2 and 1099 forms which include 1099-MISC, DIV, R, INT, and S as well as W-2, W-2G, W-2C, 1099(A, B, C, CAP, DIV, G, H, INT, LTC, MISC, OID, PAT, Q, R, S, SA), 1096, W-3 & W-3C, 1098, 1098-T, 1098-E, 3921, 3922, 5498, 5498-ESA, 5498-S, ACA(1094-B, 1094-C, 1095-B, and 1095-C).

Both versions of LaserLink support e-filing of W-2’s and 1099’s. ACA Forms 1094 and 1095 can be processed in LaserLink, but not e-filed.    

Data entry in LaserLink is quick, with data entry screens mirroring the form that is being processed. The product stores information from prior years, so users can easily roll over previous years data to reduce the amount of data entry required. Templates are also available in LaserLink that can be utilized to import related tax information using Microsoft Excel.

Mentioned earlier, LaserLink supports an unlimited number of payers and recipients, and LaserLink XL also offers unlimited e-filing capability. The product verifies input on all forms to ensure accuracy.

LaserLink will print on pre-printed forms as well as blank paper. The product will work with either ink jet or laser printers, but LaserLink recommends the use of laser printers. With the exception of the ACA forms, all forms can be filed electronically. The submission process is easy, and users can easily review and edit any forms prior to electronic submission.

Users can import data using Microsoft Excel or via text file, but LaserLink does not offer integration with any third-party accounting applications.

The product also offers enhanced reporting options that allow users to view both payer and recipient summaries and totals.

LaserLink offers solid help functionality, with a user manual available on the CD Rom that can be downloaded and printed if desired. Step-by step instructions are included for new users, and LaserLink offers downloadable product updates which can be accessed from the Tenenz website. LaserLink also offers product support via toll-free telephone or email. LaserLink is updated yearly, with the product typically available in the fall.

LaserLink is an excellent fit for larger businesses as well as accounting firms that process a large number of year-end compliance forms. LaserLink offers two versions of its product; LaserLink with E-File, which is available for $67.99 and includes up to 25 free e-filings. LaserLink XL is an excellent solution for businesses or firms that process a large number of forms for a variety of payers and runs $229.99. Tenenz also offers ACA filing software that will process year-end forms and includes e-filing capability as well. The ACA software runs $199.99.

2018 Overall Rating: 4.5 Stars