Compare Track Your Trades and TaxWise - Oct 2022

Shlomi Lavi

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Bottom Line: Which is Better - Track Your Trades or TaxWise?

TaxWise is more expensive to implement (TCO) than Track Your Trades, and TaxWise is rated higher (85/100) than Track Your Trades (62/100). TaxWise offers users more features (7) than Track Your Trades (3).

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:

Track Your Trades Vs. CCH Small Firm Services.

Track Your Trades: rack Your Trades is a software company specializing in IRS Schedule D (Capital Gains and Losses), Form 4797 (Mark-to-Market), and trade analysis products for investors, traders, and tax professionals. Its flagship product, Track Your Trades (TYT), streamlines creation of the otherwise tedious IRS Schedule D.

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...

Who is more expensive? Track Your Trades or TaxWise?

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 Track Your Trades and TaxWise.

Track Your Trades price starts at $39.95 per license , On a scale between 1 to 10 Track Your Trades is rated 4, which is lower than the average cost of Business tax software. TaxWise price starts at $2,575 per license , When comparing TaxWise to its competitors, the software is rated 4 - lower than the average Business tax software cost.

Bottom line: Track Your Trades cost is around the same cost of TaxWise.

Which software includes more/better features?

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

Track Your Trades: Data Import/Export, Basic Reports, Online Customer Support.

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

Target customer size

Track Your Trades's typical customers include: Small, medium and large size businesses, 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.