TaxWise Review - why 4.6 stars?

Shlomi Lavi / updated: Oct 12, 2022

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What is TaxWise?

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 in 2006 and established in Georgia, US. The head of the company, Jeff Gramlich has extensive experience in accounting and taxes.

Who is it best for?

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.

Many companies have employed TaxWise, mainly for its accounting functionality. Small but moderately successful businesses such asTurner Tax and Veracity Financial benefited from supported customization.

Main features and functionalities

Smaller companies that need a tax solution that replaces the need of an accounting expert will mostly benefit from this compact application. It deals with minor costs as well as major investments, and accurately handles all these numbers with ease.

Your feature package is based specifically on an in-depth assessment of your company needs, which is cost-effective in terms of purchasing only required functinlaity. TaxWise also keeps an extensive database of almost all required tax forms.

What is the actual cost?

TaxWise offers Bundle Packages. The 100 package features the TaxWise Online and Desktop Single Office licenses.

• TaxWise Online Single Office Package costs $1,339
• TaxWise Desktop Single Office Package Price $1,364

ITQlick pricing score is 5.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for TaxWise. You can also find here pricing information from TaxWise's website.

Pros

• TaxWise is a specific system and database that contains extensive tax information
• The program is aimed at small businesses and individuals and includes extensive customer assistance
• The program automates the completion of tax forms
• Individual users will quickly learn how to use the program, and will be able to do their taxes within the first few hours after installation
• A single package accommodates all users

Cons

• Users will need to acquire other software suites to enhance their experience with the program
• While the annual fee is much cheaper than other solutions, the initial fee is very hefty and might intimidate smaller companies
• TaxWise looks and feels a bit dated and does not look that attractive in comparison to other, similar programs online
• You will need to purchase other software suites to improve your experience with the application, and that means extra costs

How it stacks up?

Access a head to head analysis of TaxWise vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is TaxWise right for you or your business?

TaxWise is a company tax system designed to help tax professionals to prepare taxes. TaxWise has customers like Tax Accountant Scentsy Inc., Wizard Tax Software, LLC., and others.