Compare TaxWise and TurboTax - Oct 2022

Shlomi Lavi

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Bottom Line: Which is Better - TaxWise or TurboTax?

TurboTax is more expensive to implement (TCO) than TaxWise, and TaxWise is rated higher (85/100) than TurboTax (62/100). TaxWise offers users more features (7) than TurboTax (3). There is a clear winner in this case and it is TaxWise!

Looking for the right Business tax solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

CCH Small Firm Services. Vs. TurboTax

CCH Small Firm Services.: At CCH Small Firm Services, we focus on the needs of small tax and accounting firms—businesses that generally have five or fewer employees. We also serve commercial tax preparers, with one office or sometimes hundreds of offices, who offer tax services in a retail environment similar to well-known national tax chains. And for 11 years, SFS has prov...

TurboTax: TurboTax is the best-selling tax software. Free Edition includes free IRS efile. Easily prepare your tax return and file income taxes online. Choose Easy.We get to know you, help you find every tax deduction you deserve and double-check your tax return to help make sure it’s right.

Who is more expensive? TaxWise or TurboTax Home & Business Online?

The real total cost of ownership (TCO) of Business tax software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for TaxWise and TurboTax Home & Business Online.

TaxWise price starts at $2,575 per license , On a scale between 1 to 10 TaxWise is rated 4, which is lower than the average cost of Business tax software. TurboTax Home & Business Online price starts at $60 per license , When comparing TurboTax Home & Business Online to its competitors, the software is rated 6 - similar to the average Business tax software cost.

Bottom line: TurboTax Home & Business Online is more expensive than TaxWise.

Which software includes more/better features?

We've compared TaxWise Vs. TurboTax based on some of the most important and required Business tax features.

TaxWise: Estate/Trust/Retirement, Income Tax Prep, Investment and Rental Property, Limited Liability Company (LLC), Partnership, Payroll/1099, Property Tax.

TurboTax Home & Business Online: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

Taxwise is suitable both for companies with complex taxing processes, mainly multi-branch enterprises, as well as smaller scale companies that need a fast accounting solution that addresses their needs. and TurboTax Home & Business Online's target customer size include: Medium and large size businesses.