Shlomi Lavi /
Oct 12, 2022
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Bottom Line: Which is Better - TurboTax Business or TaxWise?
TurboTax Business is more expensive to implement (TCO) than TaxWise, and TaxWise is rated higher (85/100) than TurboTax Business (65/100). TaxWise offers users more features (7) than TurboTax Business (0). 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:
Intuit Vs. CCH Small Firm Services.
Intuit: Intuit Inc. is an American company that develops financial and tax preparation software and related services for small businesses, accountants and individuals.
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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? TurboTax Business 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 TurboTax Business and TaxWise.
TurboTax Business price starts at $60 per license , On a scale between 1 to 10 TurboTax Business is rated 6, which is similar to 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: TurboTax Business is more expensive than TaxWise.
Which software includes more/better features?
We've compared TurboTax Business Vs. TaxWise based on some of the most important and required Business tax features.
TurboTax Business: We are still working to collect the list of features for TurboTax Business.
TaxWise: Estate/Trust/Retirement, Income Tax Prep, Investment and Rental Property, Limited Liability Company (LLC), Partnership.
Target customer size
TurboTax Business's typical customers include: Small businesses and start ups, 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.