Top 54 Business tax Software (Nov 2022)

2024's Best 55 Business tax Systems

Shlomi LaviShlomi Lavi / Nov 23, 2022

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1. TurboTax State

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $60 per license
  • Mar 09, 2022
Compare TurboTax State Vs. TurboTax State

TurboTax is a cloud-based corporate tax solution designed to help the user receive their maximum tax refunds for State and Federal tax returns, and that targets small and medium-sized businesses.

2. GainsKeeper

  • Best for: Small, medium and large size businesses
  • Price: starts at $69 per month
  • Mar 12, 2022
Compare GainsKeeper Vs. TurboTax State

GainsKeeper is a tax management and financial services software solution for personal and business use. The software was designed and launched by Wolters Kluwer N.V., headquartered in Netherlands. It provides investors with various useful trade decision tools to maximize the after-tax returns. 

3. ezTaxReturn

  • Best for: SMBs
  • Price: starts at $19.95 per license
  • Mar 13, 2022
Compare ezTaxReturn Vs. TurboTax State

ezTaxReturn is a simple tax calculation and management solution for personal and business use. The software was designed by ezTaxReturn.com, LLC, headquartered in New York, United States. It offers simple tools and intuitive user interface to quickly and accurately prepare the tax return.

4. TurboTax Free Edition Online

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $170 per license
  • Aug 16, 2022
Compare TurboTax Free Edition Online Vs. TurboTax State

TurboTax Free Edition is a tax software that can help users with their tax return needs. It can prepare and print your 1040EZ/ simple tax return for you and also supports efiling them if possible. Users can also import their W-2 income data and last year’s tax return from TurboTax automatically. ...

5. BNA Income Tax Planner

  • Best for: Small business, Medium business, Private use
  • Price: starts at $1,150 per year
  • Jul 01, 2022
Compare BNA Income Tax Planner Vs. TurboTax State

BNA Income Tax Planner is a leading cloud-based Business tax software, it is designed to support small and medium size business. BNA Income Tax Planner received a rating of 4 from ITQlick team. The software cost is considered average (3.2/5) when compared to other solutions in their category.

6. Drake Software

  • Best for: Medium and large size businesses
  • Price: starts at $330 per year
  • Apr 12, 2022
Compare Drake Software Vs. TurboTax State

Drake software is a cloud-based and an on-premise professional tax management solution that is specifically made for small and medium-sized accounting firms. The solution enables the users to prepare any form of tax return whether business or personal, state or federal.

7. TaxWise

  • Best for: Small, medium and large size businesses
  • Price: starts at $2,575 per license
  • Oct 12, 2022
Compare TaxWise Vs. TurboTax State

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 every need. CCH Small Firm Services, the company that developed TaxWise, was founded...

8. 1099 Software

  • Best for: SMBs
  • Price: starts at $289.95 per license
  • May 25, 2022
Compare 1099 Software Vs. TurboTax State

1099 Software is a fast growing cloud-based Business tax software, it is designed to support small and medium size business. 1099 Software received a rating of 4.7 from ITQlick team. The software cost is considered average (3.1/5) when compared to other solutions in their category.

9. Tax Software

  • Best for: Medium and large size businesses
  • Price: starts at $600 per month
  • Jul 25, 2022
Compare Tax Software Vs. TurboTax State

Tax Software is a trending cloud-based Business tax software, it is designed to support medium and large size business. Tax Software received a rating of 4.1 from ITQlick team. The software cost is considered affordable (1.9/5) when compared to alternative solutions.

10. SAXTAX

  • Best for: Small business, Medium business, Private use
  • Price: starts at $199 per user/year
  • Oct 03, 2022
Compare SAXTAX Vs. TurboTax State

SAXTAX is an on-premise tax software designed for CPAs and tax preparation professional. Designed in 1985, SAXTAX helps meet the tax preparation needs and offers sales tax and tangible tax programs to businesses in Florida in the United States.

Pricing Guide - Business tax Software:

Accounting & Finance Software products Price Range

An SMB size company should expect to pay between $0 and more than $4 for a base subscription of Accounting & Finance software. Additionally, the software vendors may include charges for extra features such as bill management, invoicing, and multiple currency support. The costs are usually on a "per month/per user" basis.

The price breakdown of accounting and finance software based on business size is as follows:

  • Accounting and finance software pricing for small organizations has a price range of $9-$40 per month/per user. Tally.ERP 9, for example, goes for $9 a month, although it has a one-time subscription starting from $630. Clearview Infocus costs $24 per month for each user, and SlickPie goes for $40 – Slickpie also has a free Starter subscription as well.
  • Medium-sized organizations would typically have to pay within the price range of $10-$45 per month for Accounting and Finance software. For example, FreshBooks charges $15 per month for its medium-sized plan; Sage 50cloud pricing goes for $45 per month, and MYOB Essentials for $14 a month.
  • Large companies can expect prices between $10 and $150 from Accounting and Finance software vendors. For instance, Xero charges $60 per month for its large plan, FINSYNC pricing goes for $45 a month, while QuickBooks Online large subscriptions start at $70 a month

Accounting and Finance software vendors have different prices based on the subcategories into which they fall.

Some of the accounting best of breeds software include

  • Financial Reporting Software This subcategory has a price range of $0-$70. For context, A2X for Amazon pricing starts at $19 a month; Wave Accounting is free across plans, and Cognos costs between $15 and $70.
  • Trust Accounting Software Trust Accounting Software vendors can charge up to $1000 for the software. For example, AdvantageLaw charges a one-time fee of $490, ESILAW 360 pricing goes for $65 per month, and MAUI cost up to $1000 for one month - MAUI has a free trial version as well.
  • Sales Tax software The sales Tax software has a price range of $50-$1500. Traxit costs $50 a month; Utility Software pricing goes for $85, and GreenGIST for a one-time charge of $1500. Intuit ProSeries has a plan which goes for $270 a year, and EcomTax for $19 per month.
  • Bookkeeper Software The bookkeeper Software would cost around $15 to $100, either monthly or yearly. For instance, Neat pricing goes for $100 a year, Veryfi costs up to $15 a month, and Botkeeper pricing sits around $99 a month.
  • Auto Dealer Accounting Software The subcategory can cost up to $200 per month or year. For example, QuickBooks Desktop Pro pricing starts at $200 a year, Abcoa Deal Pack costs up to $75 a month, and MotorLot pricing goes for $45 per month. Host books charge $10 a month, ARI costs $19 per month, and Frazer pricing falls around $55 a month.
  • Debt Collection Software Users can expect to pay $59-$239 a month for Debt Collection Software subscriptions. For example, Funding Gates AR pricing goes for $99, and My DSO Manager pricing starts at $59 a month, with other plans up to $239. Also, CollectMore charges a one-time fee of $6 for its software.

11. ProSystem fx Tax

  • Best for: SMBs
  • Price: starts at $960 per license
  • Oct 03, 2022
Compare ProSystem fx Tax Vs. TurboTax State

ProSystem fx Tax is a trending cloud-based Business tax software, it is designed to support small and medium size business. ProSystem fx Tax received a rating of 4.5 from ITQlick team. The software cost is considered average (3.4/5) when compared to other solutions in their category.

12. SuperForm Tax Forms

  • Best for: Small business, Medium business, Private use
  • Price: starts at $288 per license
  • Feb 19, 2022
Compare SuperForm Tax Forms Vs. TurboTax State

SuperForm Tax Forms is a fast growing cloud-based Business tax software, it is designed to support small and medium size business. SuperForm Tax Forms received a rating of 3.8 from ITQlick team. The software cost is considered average (3.2/5) when compared to other solutions in their category.

13. TaxSlayer Premium

  • Best for: Small, medium and large size businesses
  • Price: starts at $45 per license
  • Mar 08, 2022
Compare TaxSlayer Premium Vs. TurboTax State

TaxSlayer Premium is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. TaxSlayer Premium received a rating of 4.8 from ITQlick team. The software cost is considered affordable (2.4/5) when compared to alternative solutions.

14. CrossLink 1040

  • Best for: Small, medium and large size businesses
  • Price: starts at $1,495 per license
  • Mar 31, 2022
Compare CrossLink 1040 Vs. TurboTax State

CrossLink 1040 is a tax calculation and management solution for personal and commercial use. The software also offers various productivity features and tax calculation services for both federal and state taxes. It was developed and launched by Petz Enterprises, LLC headquartered in California, Unite...

15. TurboTax Deluxe

  • Best for: Private use
  • Price: starts at $249 per license
  • Apr 06, 2022
Compare TurboTax Deluxe Vs. TurboTax State

TurboTax Deluxe is a tax software that can help users to file their personal income taxes in an easy way and help them get maximum tax refund. The software is popular for its 100% guaranteed accurate calculations and guaranteed maximum tax refund features. Users can get their taxes done online, in t...

16. TaxACT Ultimate Bundle Online

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $47.95 per license
  • Apr 16, 2022
Compare TaxACT Ultimate Bundle Online Vs. TurboTax State

TaxACT Ultimate Bundle Online is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. TaxACT Ultimate Bundle Online received a rating of 3.9 from ITQlick team. The software cost is considered affordable (1.5/5) when compared to alternative so...

17. SFP WORKS

  • Best for: Large business
  • Price: starts at $899 per license
  • Apr 26, 2022
Compare SFP WORKS Vs. TurboTax State

SFP WORKS is a growing cloud-based Business tax software, it is designed to support large size business. SFP WORKS received a rating of 3 from ITQlick team. The software cost is considered average (3.2/5) when compared to other solutions in their category.

18. Longview Tax

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $10,000 per license
  • May 10, 2022
Compare Longview Tax Vs. TurboTax State

Longview's proven technology gives tax departments the tools needed to control the vast volumes of tax data generated by today's enterprises and streamline tax processes for maximum efficiency, transparency & accuracy. The tax automation and data platform allows you to take control, redu...

19. TurboTax Business

  • Best for: Small businesses and start ups
  • Price: starts at $60 per license
  • May 17, 2022
Compare TurboTax Business Vs. TurboTax State

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 considered average (3.5/5) when compared to other solutions in their category.

20. H&R Block 2015 Premium & Business Tax Software

  • Best for: Small businesses and start ups
  • Price: starts at $89.95 per license
  • May 17, 2022
Compare H&R Block 2015 Premium & Business Tax Software Vs. TurboTax State

H&R Block 2015 Premium-Business Tax Software is a growing cloud-based Business tax software, it is designed to support small and medium size business. H&R Block 2015 Premium-Business Tax Software received a rating of 4.1 from ITQlick team. The software cost is considered average (2.7/5) when compar...

21. CompleteTax Deluxe Online

  • Best for: Medium and large size businesses
  • Price: starts at $45.95 per license
  • Nov 23, 2022
Compare CompleteTax Deluxe Online Vs. TurboTax State

eSmart Tax is a fast growing cloud-based Business tax software, it is designed to support medium and large size business. eSmart Tax received a rating of 4.7 from ITQlick team. The software cost is considered average (3.3/5) when compared to other solutions in their category.

22. VAT Converter

  • Best for: SMBs
  • Price: starts at $120 per license
  • Aug 22, 2019
Compare VAT Converter Vs. TurboTax State

VAT Converter is a growing cloud-based Business tax software, it is designed to support small and medium size business. VAT Converter received a rating of 4.5 from ITQlick team. The software cost is considered affordable (1.7/5) when compared to alternative solutions.

23. CompleteTax Basic Free Online

  • Best for: Medium and large size businesses
  • Price: starts at $10 per license
  • Aug 25, 2022
Compare CompleteTax Basic Free Online Vs. TurboTax State

CompleteTax Basic Free Online is a growing cloud-based Business tax software, it is designed to support medium and large size business. CompleteTax Basic Free Online received a rating of 3.1 from ITQlick team. The software cost is considered average (3.4/5) when compared to other solutions in their...

24. TaxSlayer Premium Edition Online

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $49.95 per license
  • May 25, 2022
Compare TaxSlayer Premium Edition Online Vs. TurboTax State

TaxSlayer Premium Edition Online is a trending cloud-based Business tax software, it is designed to support small, medium and large size business. TaxSlayer Premium Edition Online received a rating of 4.4 from ITQlick team. The software cost is considered affordable (2.1/5) when compared to alterna...

25. Simply Track Pro

  • Best for: Medium and large size businesses
  • Price: starts at $49.99 per year
  • Nov 22, 2022
Compare Simply Track Pro Vs. TurboTax State

Simply Track Pro is a leading cloud-based Business tax software, it is designed to support medium and large size business. Simply Track Pro received a rating of 4.8 from ITQlick team. The software cost is considered affordable (2/5) when compared to alternative solutions.

26. TurboTax Home & Business Online

  • Best for: Medium and large size businesses
  • Price: starts at $60 per license
  • Jun 15, 2022
Compare TurboTax Home & Business Online Vs. TurboTax State

TurboTax Home-Business Online is a leading cloud-based Business tax software, it is designed to support medium and large size business. TurboTax Home-Business Online received a rating of 4.2 from ITQlick team. The software cost is considered average (3.2/5) when compared to other solutions in their...

27. Softax

  • Best for: Small business, Medium business, Private use
  • Price: starts at $624 per license
  • Jun 06, 2022
Compare Softax Vs. TurboTax State

Softax is an award-winning cloud-based Business tax software, it is designed to support small and medium size business. Softax received a rating of 3.6 from ITQlick team. The software cost is considered affordable (2.2/5) when compared to alternative solutions.

28. TaxSlayer Military Edition

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $24.95 per license
  • Jun 16, 2022
Compare TaxSlayer Military Edition Vs. TurboTax State

TaxSlayer Military Edition is a leading cloud-based Business tax software, it is designed to support small, medium and large size business. TaxSlayer Military Edition received a rating of 3.2 from ITQlick team. The software cost is considered average (3.5/5) when compared to other solutions in thei...

29. Brentmark

  • Best for: SMBs
  • Price: starts at $25 per user/month
  • Jun 06, 2022
Compare Brentmark Vs. TurboTax State

Brentmark is a tax preparation and management solution for individual and business users. The software provides simple solution along with step by step guide for straightforward filing of federal and state tax. It was developed and launched by Brentmark Software, Inc., headquartered in Florida, Unit...

30. Track Your Trades

  • Best for: Small, medium and large size businesses
  • Price: starts at $39.95 per license
  • Jun 03, 2022
Compare Track Your Trades Vs. TurboTax State

Track Your Trades is a leading cloud-based Business tax software, it is designed to support small, medium and large size business. Track Your Trades received a rating of 3.4 from ITQlick team. The software cost is considered average (2.6/5) when compared to other solutions in their category.

31. W-2 Pro

  • Best for: Small, medium and large size businesses
  • Price: starts at $499 per license
  • Jun 03, 2022
Compare W-2 Pro Vs. TurboTax State

W-2 Pro is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. W-2 Pro received a rating of 4.5 from ITQlick team. The software cost is considered affordable (2.3/5) when compared to alternative solutions.

32. 1099 Pro Enterprise

  • Best for: Small, medium and large size businesses
  • Price: starts at $499 per license
  • Jun 03, 2022
Compare 1099 Pro Enterprise Vs. TurboTax State

1099 Pro Enterprise is a fast growing cloud-based Business tax software, it is designed to support small, medium and large size business. 1099 Pro Enterprise received a rating of 4.4 from ITQlick team. The software cost is considered average (3.5/5) when compared to other solutions in their categor...

33. TaxSlayer Free Edition Online

  • Best for: SMBs
  • Price: starts at $24.95 per license
  • Jun 03, 2022
Compare TaxSlayer Free Edition Online Vs. TurboTax State

TaxSlayer is an online tax preparation and management software solution for individual users and small businesses. The software was designed by TaxSlayer, LLC, headquartered in Georgia, United States. Other than tax preparation, the software allows you to pay your taxes online. 

34. Nelco W-2 & 1099

  • Best for: Small, medium and large size businesses
  • Price: starts at $75 per license
  • Jun 03, 2022
Compare Nelco W-2 & 1099 Vs. TurboTax State

Nelco W-2-1099 is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. Nelco W-2-1099 received a rating of 3.8 from ITQlick team. The software cost is considered average (3.5/5) when compared to other solutions in their category.

35. ezW2

  • Best for: Small business, Medium business, Private use
  • Price: starts at $49 per license
  • Jun 03, 2022
Compare ezW2 Vs. TurboTax State

ezW2 is a tax preparation and management solution for personal and commercial use. The software offers assistance for federal as well as state tax preparation and management. It was designed and launched by HalfPriceSoft headquartered in Kansas, United States.

36. Account Ability 2010 Tax Form

  • Best for: SMBs
  • Price: starts at $220 per license
  • Jun 03, 2022
Compare Account Ability 2010 Tax Form Vs. TurboTax State

Account Ability 2010 Tax Form is a tax preparation and management solution for personal and business use. It offers various productivity and tax calculation features for federal and state taxes. The software was developed and launched by Integrated Data Management Systems, Inc. headquartered in New ...

37. OnLine Taxes Free Edition Online

  • Best for: Small, medium and large size businesses
  • Price: starts at $9.95 per license
  • Jun 16, 2022
Compare OnLine Taxes Free Edition Online Vs. TurboTax State

OnLine Taxes Free Edition Online is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. OnLine Taxes Free Edition Online received a rating of 4.4 from ITQlick team. The software cost is considered affordable (1.8/5) when compared to alternat...

38. Liberty Tax eSmart

  • Best for: Small business, Private use
  • Price: starts at $30 per user/year
  • Jun 03, 2022
Compare Liberty Tax eSmart Vs. TurboTax State

Liberty Tax eSmart is a leading cloud-based Business tax software, it is designed to support small and medium size business. Liberty Tax eSmart received a rating of 3.7 from ITQlick team. The software cost is considered affordable (2.1/5) when compared to alternative solutions.

39. 1040-com Simple Free

  • Best for: SMBs
  • Price: starts at $25 per license
  • Jun 03, 2022
Compare 1040-com Simple Free Vs. TurboTax State

1040-com Simple Free is a trending cloud-based Business tax software, it is designed to support small and medium size business. 1040-com Simple Free received a rating of 4.8 from ITQlick team. The software cost is considered average (3.3/5) when compared to other solutions in their category.

40. DynamicZip

  • Best for: SMBs
  • Price: starts at $980 per month
  • Jun 15, 2022
Compare DynamicZip Vs. TurboTax State

DynamicZip is a leading cloud-based Business tax software, it is designed to support small and medium size business. DynamicZip received a rating of 4.2 from ITQlick team. The software cost is considered average (2.9/5) when compared to other solutions in their category.

41. H&R Block At Home Free Edition

  • Best for: Medium business, Large business, Private use
  • Price: starts at $54.99 per license
  • Jun 13, 2022
Compare H&R Block At Home Free Edition Vs. TurboTax State

H&R Block At Home Free Edition is a growing cloud-based Business tax software, it is designed to support medium and large size business. H&R Block At Home Free Edition received a rating of 3.6 from ITQlick team. The software cost is considered affordable (2.4/5) when compared to alternative solutio...

42. Tax Exempt Organization

  • Best for: Small, medium and large size businesses
  • Price: starts at $30 per user/year
  • Sep 03, 2019
Compare Tax Exempt Organization Vs. TurboTax State

Tax Exempt Organization is an award-winning cloud-based Business tax software, it is designed to support small, medium and large size business. Tax Exempt Organization received a rating of 4.8 from ITQlick team. The software cost is considered average (3.1/5) when compared to other solutions in the...

43. Federal & State Online

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Sep 04, 2019
Compare Federal & State Online Vs. TurboTax State

Federal-State Online is a fast growing cloud-based Business tax software, it is designed to support small, medium and large size business. Federal-State Online received a rating of 3.9 from ITQlick team. The software cost is considered average (3/5) when compared to other solutions in their categor...

44. UDoTaxes

  • Best for: SMBs
  • Price:
  • Oct 18, 2019
Compare UDoTaxes Vs. TurboTax State

UDoTaxes is a federal and state tax management solution for personal and business use. The software offers tax calculation and provides access to popular tax forms. It was designed and released by Eightside Software Consulting headquartered in British Columbia, Canada.

45. TaxSimple Basic

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $28 per user/month
  • Aug 01, 2019
Compare TaxSimple Basic Vs. TurboTax State

TaxSimple Basic is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. TaxSimple Basic received a rating of 4.2 from ITQlick team. The software cost is considered average (3.4/5) when compared to other solutions in their category.

46. TaxWorks Silver

  • Best for: SMBs
  • Price: starts at $895 per license
  • Aug 12, 2019
Compare TaxWorks Silver Vs. TurboTax State

TaxWorks Silver is a growing cloud-based Business tax software, it is designed to support small and medium size business. TaxWorks Silver received a rating of 4.4 from ITQlick team. The software cost is considered affordable (2.3/5) when compared to alternative solutions.

47. TurboTax Business State

  • Best for: Medium and large size businesses
  • Price: starts at $55 per license
  • Oct 09, 2019
Compare TurboTax Business State Vs. TurboTax State

TurboTax Business State is a growing cloud-based Business tax software, it is designed to support medium and large size business. TurboTax Business State received a rating of 4.3 from ITQlick team. The software cost is considered affordable (1.6/5) when compared to alternative solutions.

48. Online Taxes Premium Edition

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $8 per license
  • Nov 12, 2019
Compare Online Taxes Premium Edition Vs. TurboTax State

Online Taxes Premium Edition is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. Online Taxes Premium Edition received a rating of 3.1 from ITQlick team. The software cost is considered affordable (2.5/5) when compared to alternative solu...

49. OnLine Taxes

  • Best for: Small, medium and large size businesses
  • Price: starts at $7.95 per license
  • Feb 01, 2020
Compare OnLine Taxes Vs. TurboTax State

Online Taxes is a federal and state tax calculation and filing software for individual users and businesses. The software was designed and launched by On-Line Taxes headquartered in Missouri, United States. Other than simple tax calculation, the software offers audit support and accuracy guarantee.&...

50. BTB INCOME TAX PLANNER

  • Best for: Small, medium and large size businesses
  • Price: starts at $129 per license
  • Aug 30, 2019
Compare BTB INCOME TAX PLANNER Vs. TurboTax State

BTB INCOME TAX PLANNER is a fast growing cloud-based Business tax software, it is designed to support small, medium and large size business. BTB INCOME TAX PLANNER received a rating of 3.2 from ITQlick team. The software cost is considered affordable (2/5) when compared to alternative solutions.

51. 1099 Pro Professional

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $269 per user/month
  • Aug 05, 2019
Compare 1099 Pro Professional Vs. TurboTax State

1099 Pro Professional is a trending cloud-based Business tax software, it is designed to support small, medium and large size business. 1099 Pro Professional received a rating of 5 from ITQlick team. The software cost is considered affordable (2.5/5) when compared to alternative solutions.

52. Liberty Tax eSmart Tax

  • Best for: Small, medium and large size businesses
  • Price:
  • Aug 30, 2019
Compare Liberty Tax eSmart Tax Vs. TurboTax State

Liberty Tax eSmart Tax is an award-winning cloud-based Business tax software, it is designed to support small, medium and large size business. Liberty Tax eSmart Tax received a rating of 3.3 from ITQlick team. The software cost is considered affordable (1.5/5) when compared to alternative solutions...

53. IRS

  • Best for: Small, medium and large size businesses
  • Price:
  • Oct 22, 2019
Compare IRS Vs. TurboTax State

IRS is a growing cloud-based Business tax software, it is designed to support small, medium and large size business. IRS received a rating of 4.6 from ITQlick team. The software cost is considered average (3.2/5) when compared to other solutions in their category.

54. CFS TaxTools

  • Best for: Start up, Small business, Medium business, Large business
  • Price: starts at $299 per license
  • Oct 23, 2019
Compare CFS TaxTools Vs. TurboTax State

CFS TaxTools is an award-winning cloud-based Business tax software, it is designed to support small, medium and large size business. CFS TaxTools received a rating of 4 from ITQlick team. The software cost is considered average (3.3/5) when compared to other solutions in their category.

A Buyer's Guide to Business Software Solutions

How to Evaluate and Buy Business Software
 
If you’re somehow puzzled if this article is only for a specific size of business, no, it’s not. This is for you SMEs, MNEs and start-ups software buyers. Also, we’re not talking about a specific software solution here. Whether the software solution that you’re planning to buy is for Accounting, Business Intelligence, ERP, CRM, Help Desk, Maintenance Management or other types of application, one thing is for sure; with the help of this article, you will be able to know the right process in evaluating and buying a business software solution.
 
We’ve been into the software business for years and we’re seeing a lot of nitty-gritty things that often bring confusions and hesitations to many companies looking for better software solutions. Some companies can’t afford to let go their legacy systems while a few is encountering technological snags once the new system is in place. While this is the underlying truth behind software acquisition and implementation, what’s exciting about buying a business software solution is that there is a clear and obvious proof that thousands of companies and corporations today are happy with the benefits this technology is bringing into their respective businesses.  There is a significant increase in their revenue and the growth is on-going. And it’s easy to say; many from the Fortune 500 companies are making a lot of money because of their smartly-acquired business software.
 
So, let’s get straight to the point. What should you do in order to acquire that business software that could make your organization achieve its goals? The answer to this is pretty straightforward: evaluate and buy that right business software. Yes, that’s what you need to do and here’s the best manual from ITQlick.com that could certainly help you in doing that strategically.
 
Consider the Needs of Your Organization
Let’s assume that at this point, the entire management team agreed that you are ready to invest on a certain software application. The budget has been compromised and the key persons who will be involved in the acquisition process were already identified. Therefore, it’s time to approach things the project management way.
 
Define the Project
Every business software solution is categorized base on application type, features, deployment model, market size and pricing model. Remember that our objective here is to evaluate and buy a business software product that will fit into the size and present needs of your business. So what the project management team should try to deal with first is to define the real requirements of your business exactly base on the categories set by the software industry. Moreover, by doing this activity, you are already narrowing down your search for the right solution. Now, consider bringing this list of FAQs to the project management and aim to come up with clear-cut answers.
 
  1. What type of software is needed? Is it Integrated-Suite, Best-of-Breed or Industry-Specific? Ask your CEO’s main agenda and find the perfect match from these available options.
  2. What are the core and secondary features? Are you looking for basic, advanced or hi-end features? List down the specific features per category and allow the department managers and supervisors to give their insights on this list.
  3. How are you going to deploy the system? Would it be on-premise, cloud-based, hosted, or mobile-based? Weigh these options with the help of your CIO.
  4. Are you going for Tier 1, Tier 2 or Tier 3 vendors? Their offered solutions are base on the size of their target market - SMEs, MNEs or start-ups. Seek your CFO’s advice as it is important to match your financial capacity against the cost of the solution that the providers have for you.
  5. Are you willing to pay for the perpetuity software license or a subscription-based solution is way better? How many users are there and what would be their roles in using the system? Solicit feedbacks from future end users for they know better what challenges and risks might possibly come along their way when they’re using the system.
 
Finalize the BOM or List of Requirements
After providing definite answers on the above questions, we can say that the project has already been defined. Your procurement team is now ready to do their role in the acquisition process of this solution. However, in order for them to execute their job properly, they must have the complete list of requirements - features, specifications, hardware, and the software product. In other words, the Bill-of-Materials (BOM) that is final, complete and well-prepared must be handed over to the procurement director. Needless to say, it is very important that everybody is following the company purchasing and procurement protocols at all times.  
 
Request for Proposal (RFP)
The RFP process will bring everything into formality. Since you’re more likely in a line of business that doesn’t regularly buy software products, it is of critical importance that your RFP is well-structured before you send it to your prospect solution providers.
 
Draft the RFP
An RFP that contains all the relevant information as discussed during the project management meetings will enable the providers to return back to you their proposal that is complete and substantial. Therefore, your RFP should basically contain the following:
 
Brief Introduction
  • Company Name
  • Mission and Goals
  • Purpose of the RFP (or the need for software solution)
Business Background
  • Organizational Structure
  • Current Situation (IT infrastructure, system currently in-use, system issues and desired solutions, etc.)
  • Major Objectives of the Software Purchase
Request for Specific Requirements
  • Solution Functionality
  • System Specifications
  • Vendor Company Information
  • Price Model, Service Plans, Package Options
Other Important Inquiries (if necessary)
 
Send the RFP
Well-structured RFP will bring a lot of advantages especially when the proposals from various providers are received and then subjected for review and analysis. Send your RFP to at least three to five providers (or prospects which you have already shortlisted during the project definition phase). Depending on the complexity of the solution, most vendors will send their proposal in a matter of time, which could be around 4 to 6 weeks for Integrated-Suite solution.
 
Why still send RFP?
Is there really a need for RFP if your preferred solution (like cloud-based) and the service plans or packages are already displayed on the vendor’s website? Well, yes, you still need to undergo the RFP process. For most sales people, they certainly know that those figures appearing in the vendor’s website are usually the “list price” and not the “actual price”. More importantly, the vendor’s proposal (response to RFP) will serve as your main basis for the negotiation. Therefore, sending an RFP is a strict requirement.
 
Follow up questions relevant to RFP
More often than not, questions and concerns will be raised by the vendors to whom you send the RFP. You have to entertain them with utmost professionalism. Solution providers who are seeking further clarifications relevant to the RFP are consisting of professional software experts who wants to help your organization as much as they can. Entertain them but at the same time, always be cautious when providing additional information which you know is confidential or proprietary.
 
Evaluate the Proposals
Always refer to your finalized BOM when tabulating the contents of each proposal. Part of this process is to check the features that are available from this certain vendor and to cross out those that are not. While using spreadsheet aids the tabulation process, laying down the document proposals on the table and allowing your project management team to review them one by one should always be conducted. Evaluating the proposals in full force can help strengthen your decision-making process. Have another round of brain-storming session and come with the name of your preferred solution provider.
 
When selecting the final vendor, always promote the best interest of your organization. Consider answering these questions with full sincerity.
 
  1. Which vendor can provide the long-term benefits to your organization?
  2. Which vendor can provide the best and honest service from acquisition to full implementation?
  3. Which vendor is willing to devote most of its time in better serving its client?
 
Contact this solution provider and in your own strategic approach, try to get the answers to those three important questions above. In most cases, vendor who really wants to prove its craft will offer product demos on a higher level. Others will even invite you to check their already deployed and working systems. Feel free to connect with this type of vendor. Conduct simulation and testing, be it a cloud-based or on-premise solution. Examine all aspects and angles especially those that your project management team want to really know in-depth. For as long as it could help you arrive at a better decision, consider doing all the options available – for the interest of the organization.
 
Enter the Negotiation Process
Most solutions providers can be flexible in terms of pricing. Although the final say is oftentimes on the mouth of the sales person from the vendor’s side, a good negotiation process can always deliver a win-win situation to both parties involve. While negotiation sometimes cannot be settled in one sitting session, always be honest with your intentions whenever negotiating with your provider. If it’s about your budget, justify it with clarity. If it’s about their service plans, tell them what’s lacking or missing on their solution. At the end of the day, the most important event that should happen is that both of you are shaking hands because of a well done negotiation process.
 
Seal the Contract
So what are you going to do on a contract that involves a significant amount of investment? There are three project management approaches for this.
 
  1. Pass the ball to you legal team. They know what to do and more or less they will tell you if there is something wrong with the contract. Give them enough time to review before they affix their signature and then finally seal the contract.
  2. Hire a consultant base on the technical aspect that you want to clarify in the contract. If it’s the Scope of Work (SOW), a software implementation expert is the right person. If it is related to complex legal terms and conditions, a lawyer can help. If it has something to do with money, invite an accountant to conduct a thorough review and computation if necessary.
  3. Always consider consulting your project management team. Remember that the CIO, CFO and CEO are all team members. They will be the signatories and they know what’s best for the interest of the company when signing a contract agreement.
 
From evaluation to buying stage, it is important that the project manager must take full responsibility of monitoring all the works identified and distributed among team members. This is why delegating the right project manager is also an important consideration when buying a business software solution. And again, ITQlick.com wants to emphasize that whatever the size of your company is, using the project management approach will always lead you into a better outcome – that is getting what you paid for the right business software solution. 

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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.