Tax accountants are the unsung heroes of the modern economy; their work keeps businesses running and helps to finance public services while allowing people who own a company to make a profit. This is one of the most taxing jobs in terms of time spent, but luckily there are tax software systems that can help you stay on top of your own paperwork.
We’ve gathered together some great tax tools for accountants available on the market today. This list doesn’t cover all software options out there—if you’re looking for something more specific or more advanced than this list has to offer, just type your search term into Google or start with our recommended free tax software packages in each category.
Our Top 5 Tax Software For Accountants
Tax Software For Accountants Reviews
1. Best Overall: Intuit Turbotax
Intuit TurboTax is software that has been designed for accountants and the self-employed. This tax software automatically imports your W-2, looks up deductions and credits, and guides you through the process – all of this is done with just a few clicks.
It also includes on-screen calculators to crunch numbers in real-time, so you know your bottom line before making any year-end decisions. It makes preparation a snap by pulling all your financial information into one place.
Intuit TurboTax is also great for taxpayers who have children, as it will walk you through the claiming process, making it a breeze. You can even add a rental property or deduct points paid for a mortgage on your home.
This software includes audit protection, automatic import of brokerage statements and schedules, and access to current tax law changes on the fly. It also has an easy and intuitive user interface that allows you to navigate between tasks with ease. You can even file your taxes from the convenience of your mobile device with TurboTax Mobile App for iPhone, iPad, and Android.
All Plans Include
- Tax calculator.
- Donation tracker.
- Self-employed expense estimator.
- Deductions & credits.
- Income estimator.
2. Best Value: Drake Tax
If you are an accountant specializing in taxes, you know how crucial it is to have the right software. A lot of responsibility falls on your shoulders, and you do not want to put yourself at risk. That is why you need Drake Tax for accountants.
Drake Tax is the best and most professional tax software for accountants because it was explicitly designed to help these professionals do their job well. You can trust that this product will help make your work more efficient, keep your financial records more organized, and provide all sorts of helpful information about tax laws and regulations in many different countries.
Drake is popular tax software for accountants that many people use and trust because it has been helping professionals ensure they comply with all the laws for years. This software is easy to use, inexpensive and can be trusted. It does not require too much computer knowledge. It is safe from viruses and malware and provides all the information you need about taxes.
All Plans Include
- Accounting reports.
- Financial statements.
- Tax schedules.
- Information about regulations and laws in different countries, including the US, UK, Canada, Australia, and others.
Drake Tax is tax software for accountants that will help you keep all your accounting records well organized to prepare accurate tax returns. You do not have to worry about missing important information when filing returns because this software will provide it all.
It also does not take much time to use and is easy to navigate. You can access critical information by using the built-in search button or using the built-in calendar, making it easier to find bills and other important events.
3. Best For Starting Firms: Intuit Proconnect Tax Online
Intuit Proconnect Tax Online is an excellent tax preparation software that is a great fit for accountants. This product will make you forget all the other time-consuming tasks related to running your own business. Intuit Proconnect Tax Online can help you keep track of your business finances in one place with one application and save your clients time by automating the process of generating and printing tax documents.
This is a web-based application that includes all the features of desktop software, and it can be accessed on any computer with an internet connection. The system includes over 400 tax items, and it is up to date with the latest IRS tax forms. It allows you to keep all your client’s information in one place, including feedback from phone calls, emails, and text messages. It also contains financial tracking that you can use for automatic data backup and records of tax payments and refunds received.
The Proconnect Tax Online system integrates with QuickBooks so you can immediately begin using client information to track income and expenses for each customer without spending time entering your data manually into two different systems.
Pricing Plans
- Individual returns – from $23.98 to $47.48 per return.
- Business returns – from $29.98 to $58.98 per return.
4. Best For The Self-Employed: H&R Block
The software is available for download and installation on a user’s computer. H&R Block offers a free version of the program and paid versions at varying prices depending on the level of service provided. This software has many features that were tested.
H&R Block is a tax preparation service that helps individuals and businesses complete taxes on the federal level. The software contains various tools that can be used to complete any type of taxes with ease.
Tax Planner
This feature provides users with tips about saving money throughout the year that can be deducted during tax time. The program will also track annual expenses and alerts users when these expenses are about to expire so they can be used before they go to waste.
It also offers financial tips regarding investments, retirement, education, homeownership, and other topics pertaining to taxes. The program can be set up to send an email to users when their expenses expire.
Tax Analyzer
This feature will determine how much of a certain tax credit or deduction is allowed based on the user’s income. For example, if a person normally paid $1,000 in taxes for the year and filed a return with a tax refund, it would tell them that they did not have to pay taxes. This information is important because it can help users save money on their taxes.
Tax Cut
This feature provides tips and strategies for reducing what is owed in taxes owed. It will compare a person’s current income level to the previous year’s income to determine an increase or decrease. The program can then provide ways in which this change can be used to affect a person’s taxes.
For example, if a person had an increase in their income, then the software will prompt the user to enter certain tax deductions that will allow them to lower their taxes owed.
Money Maximizer
This feature tracks the user’s annual income and expenses and keeps track of where all of their money is going. It also provides tips on lowering tax bills by asking users about other tax credits and exemptions they qualify for based on their situation.
Pricing Plans
- File online – Starting at $0 + additional state fee.
- File with a tax pro – Starting at $69 + additional state fee.
5. Best Affordable: Taxslayer
Taxslayer is the most popular tax software for accountants, with one of the widest selections of features and clients. It’s ideal for small business owners, including freelancers or entrepreneurs. Use Taxslayer to get it right the first time or find errors and fix them easily. There’s no need to worry about an audit with quality that is guaranteed with every return filed.
Taxslayer is perfect for those who want to file their taxes but don’t have the time, or desire, to do it themselves. It’s an excellent solution for contractors and freelancers who want your tax return done right the first time.
Taxslayer is also ideal for those who have an outsourced or virtual office that deals with accounting and bookkeeping. This means after you sign up, you can focus on what you do best: running your business. TaxSlayer has a full suite of accounting features, including Inventory Management, Payroll Solutions, and more, so you won’t need to add another service or product into your business.
Pricing Plans
- Simply Free – $0, states included.
- Classic – $24.95, states additional.
- Premium – $44.95, states additional.
- Self-Employed – $54.95, states additionally.
Buyer’s Guide
Tax software is a great way to keep track of all the things you need to do to fill out your clients’ tax returns. By using this software, you save both time and money. Everything you need will be right there on your computer – no more running from place to place, trying to figure out what forms you need and where to get them.
You can also use this software in conjunction with your accountant in case they don’t have the type of tax preparation software that you need. In any case, this is a great way for accountants and their clients alike to keep track of their business transactions throughout the year and not have panic come tax time.
What Is Tax Software For Accountants?
Tax software for accountants is a program that keeps track of everything you need to do in order to get your clients’ tax returns done. There are many different types of tax software out there, so make sure you know exactly what you can use the software for because some are better than others. You may be able to use the software for your own personal taxes or if you have your own business, but it’s best to check with a tax professional before choosing anything.
Benefits Of Tax Software For Accountants
There are many different benefits of using tax software for accountants. The first benefit is that it saves you time and money. Using tax software for accounts gives you a place to store all the forms to fill out your clients’ tax returns. You can also use this program in conjunction with your accountant if they don’t have the type of tax preparation software that you need.
The second benefit of using tax software for accountants is that it keeps you organized. It allows you to keep all the records and forms you need in order to fill out your own taxes. This means that there are no last minutes panic attacks when it comes time to file your own taxes.
Tax Software For Accountants Deployment
The deployment of tax software for accountants is very simple. Once you buy the software program, all you need to do is install it on your computer. The files should be easily accessible and within a few minutes, you can be all set up.
Most tax software for accountants has detailed instructions that help guide you through the installation process. As long as your computer meets the requirements, you won’t have any problems installing the program. If you do experience problems, try using customer service or getting tips from online forums.
How To Choose Tax Software For Accountants
It is important to choose the best tax software for accountants. Make sure the program you are using has all the features you want and meet your needs. You should also check out the various ways of payment that are available and compare the costs of each one. It is not an easy task to figure out what is best, but if your tax preparation business continues to grow, it will be worth researching different tax programs.
FAQ
What Is The Best Tax Software For Accountants?
There are many different tax software programs for accountants that you can use to complete tax returns. The most popular are TurboTax, H&R Block, and TaxACT.
What Tax Software Do Most Accountants Use?
In the United States, a large majority of accountants use a combination of TurboTax and TaxAct. In Canada, many accountants use Intuit products such as TurboTax. As for the United Kingdom, many CPAs use Tax Software UK for their taxes.
Is TurboTax Good For Accountants?
TurboTax can be suitable for accountants because they are the most popular tax preparation software among accountants. Their free audit support looks to make you worry less about being audited by examining every line on your return before it gets sent off to the IRS or state tax agency. TurboTax also offers you guidance if there are ever any questions about your taxes.
