Compare TurboTax Business and TaxWise - Oct 2022

Shlomi LaviShlomi 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. Build Your Business w/ Intuit. Get QuickBooks Accounting Software, a Free Website Builder, Credit Card Processing & Payroll Services. NEW: Pay by Mobile! 

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.



TurboTax Business

ITQlick rating
(4.2/5)

starts at $60 per license

TurboTax Business is a leading cloud-based Business tax software, it is designed to support small and medium size business. TurboTax Business received a rating of 4.2 from ITQlick team. The software cost is con...

Categories: Tax Preparation.

TaxWise

ITQlick rating
(4.6/5)

starts at $2,575 per license

Tax needs and complexity vary for every company. TaxWise is designed to streamline the tax filing process, and save the company time and costs by boasting a fully customizable package that caters attend to your...

Categories: Accounting & Finance, Business tax.

Compare specifications

Compare features

TurboTax Business: 0 Features

We are working to collect the list of features

TaxWise: 7 Features

Estate/Trust/Retirement
Income Tax Prep
Investment and Rental Property
Limited Liability Company (LLC)
Partnership
Payroll/1099
Property Tax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
TurboTax...
ITQlick rating
4.2/5
Score
65/100
Pricing
7/10
License pricing
$60 per license
Functionality
3
Compare
TaxWise
ITQlick rating
4.6/5
Score
85/100
Pricing
5.4/10
License pricing
$2,575 per license
Functionality
9
TurboTax
ITQlick rating
4/5
Score
94/100
Pricing
3.6/10
License pricing
$60 per license
Functionality
7
GainsKeeper
ITQlick rating
3.4/5
Score
92/100
Pricing
6.4/10
License pricing
$69 per month
Functionality
7
ezTaxReturn
ITQlick rating
3.8/5
Score
91/100
Pricing
6.6/10
License pricing
$19.95 per license
Functionality
10

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.