Best Professional Tax Softwares for Tax Preparer in 2023

Tax season can be daunting, especially when you have yet to begin filing your taxes!

This is why online software can be such a helpful resource in getting everything done in a timely manner. With Safebooks Global Taxes 2023 coverage, we look at the best tax software available so that you can achieve an efficient and successful outcome with filing your taxes.

Today where technology is rapidly advancing, tax-related tasks have become more manageable with the use of tax software. Chartered accountants, CPAs and tax firms can now execute their tax chores with ease and less manual efforts.

As a result, there are numerous tax software options available in the market, which can provide accurate results and reduce the chances of human error. These tax software applications are designed to help professionals compute income tax, advance tax, TDS, and other tax-related tasks efficiently.

Therefore, in this article, we will discuss some of the best professional tax software available in 2023, which can help to perform their tasks effectively and efficiently.

We’ll review each software’s features, pricing, and user experience to help you make an informed decision. Whether you’re a CPA firm or running a larger tax preparation firm, there’s software on this list that will fit your needs.

Here are the 10 Best professional Tax Software for Tax Preparer in 2023

1. TurboTax Business:

TurboTax is a popular tax preparation software that offers a user-friendly interface and comprehensive features to help individuals and businesses file their taxes accurately and easily. 

It offers various versions, including Free Edition, Deluxe, Premier, and Self-Employed, catering to different tax needs. TurboTax also provides personalized guidance and support throughout the tax preparation process.

Features / Specification:

1. Can Handle your taxes with TurboTax Business.
2. Get expert advice, or hand over all your taxes to an expert.
3. Tax calculators and estimators.
4. Error Check.
5. Get tax tips to maximize tax deductions.
6. Ability to import data from popular accounting software like QuickBooks.
7. Resources like videos and articles to help you understand the functioning.
8. Offers e-filing options.
9. Easy to use.
10. 100% Accuracy Guarantee.

Price:

Pricing for doing taxes on your own is as per the following plans:

1. Free edition: $0
2. Deluxe: $60
3. Premier: $90
4. Self-employed: $120

Website:

https://turbotax.intuit.com/ 

Ratings of Software: 

The Average rating or this software is 4.5/5 ⭐

Support:

TurboTax provides various types of support to tax firms, including personalized guidance from tax experts, access to tax professionals for complex tax questions, and audit support. 

It also offers training and certification programs for tax professionals to enhance their knowledge and skills in tax preparation. TurboTax also provides customer support via phone and chat to help tax firms resolve any technical or software-related issues.

Services Offered:

1. Federal and State Tax Preparation
2. Personalized Tax Advice
3. Free Online Filing: Including 1040EZ and 1040A forms.
4. Deduction and Credit Maximization
5. Tax Refund Tracking
6. Audit Assistance
7. Self-Employed Tax Preparation
8. Investment and Rental Property Tax Preparation
9. Expert Help
10. Prior-Year Tax Filing
11. Data Importing
12. Refund Advance and more

Pros and Cons of Turbo Tax Business:

Pros:

1. User-friendly interface
2. Comprehensive support
3. Time-saving features
4. Affordable
5. Audit protection

Cons:

1. Limited support for certain business types
2. Limited state tax support
3. Limited multi-user access
4. Limited mobile support
5. Requires some tax knowledge

2. Avalara:

Avalara is a software company that provides solutions for businesses to manage their tax compliance obligations. The company’s suite of products, called the Avalara Tax Compliance Suite, includes solutions for different types of transaction taxes such as sales and use, VAT, excise, communications, and others.

With these services, businesses can receive guidance and support from Avalara’s team of tax experts to ensure they are complying with all relevant tax laws and regulations.

Features / Specification:

1. Sales Tax – Sales Tax and VAT Compliance
2. Exemptions 
3. Tax Planning
4. Customer support
5. Adjustments

Website:

https://www.avalara.com/

Ratings of Software:

The Average rating or this software is 3.9 out of 5 ⭐

Support:

Avalara is a tax preparation software that provides various types of support to tax firms to help them with their tax preparation and compliance needs.

The company offers personalised guidance from tax experts, access to tax professionals for complex tax questions, and audit support. 

Services Offered:

1. Real-time tax calculation
2. VAT (valuable Added Tax)
3. Efficient tax document collection and management
4. Electronic Invoicing (E-Invoicing)
5. Electronic Way Bills (E-Way Bills)

Pros and Cons of Avalara:

Pros:

1. Real-time tax rate updates
2. Excellent customer support
3. Streamlined tax compliance

Cons:

1. Cost
2. Complexity 
3. Customization limitations

3. ProSeries Tax:

ProSeries tax is actually a tax preparation software designed specifically for tax professionals, such as accountants and tax preparers, to use in serving their clients. It is not intended for use by individuals or businesses to file their own taxes.

They offer advanced features, such as e-filing, data import from QuickBooks, and integration with tax research tools. It also offers a variety of versions, including Basic, Professional, and the more advanced Pro Series Tax Software Suite.

Features/ Specification:

1. Easy to use.
2. Fast Calculation
3. Better Clientele Communication
4. 100% Accuracy Guarantee

Price: 

1. Pricing for doing taxes on your own is as per the following plans:
2. Basic Unlimited 
3. Professional Pricing 

For price details visit: https://proconnect.intuit.com/proseries/pricing/

Website:

https://proconnect.intuit.com/proseries/

Ratings of Software:

The Average rating or this software is 4 out of 5 ⭐

Support:

ProSeries Tax provides various types of support to tax firms, such as personalized guidance from tax experts, access to tax professionals for complex tax questions, and audit support.

These services are intended to help tax professionals serve their clients more effectively and provide them with accurate tax advice. These programs include webinars, online courses, and in-person training events.

By participating in these programs, tax professionals can stay up-to-date with the latest tax laws and regulations, as well as learn new strategies and techniques for tax preparation.

Services Offered:

1. Business Services
2. Ecosystem Service Providers
3. Basic edition of ProSeries assistance in 3 areas
4. Easy Data Entry

Pros and Cons of ProSeries tax:

Pros:

1. Time-saving features
2. Free trial offers
3. Affordable plans
4. Digital Signature
5. Option for Cloud Hosting
6. Improved workflow for Multiple Adds

Cons:

1. Basic plan cloud hosting 
2. Business return can’t file.
3. Users can get Offers benefits for First-time 

4. Drake Tax:

Drake Tax is a tax preparation software designed specifically for tax professionals, such as accountants and tax preparers, to use in serving their clients.

It offers a variety of versions, including Basic, Professional, and the more advanced Drake Tax Software Suite, which provides even more features and capabilities.

Features/ Specification:

1. Bookkeeping
2. Accounts payable
3. Accounts receivable
4. On-the-fly forms processing
5. Multi-location payroll
6. Direct deposit

Price:

Pricing for doing taxes on your own is as per the following plans:

1. Power Bundle:  $1,975
2. Unlimited:  $1,825
3. Pay-Per-Return: $345

Website:

https://www.drakesoftware.com/

Ratings of Software: 

The Average rating or this software is 4.05/5 ⭐

Support:

Drake tax experts for complex questions and audit support can give tax professionals added confidence in their work and help them navigate difficult situations with ease. 

Overall, these services offered by Drake Tax can be a valuable asset for tax firms and their clients.

Services Offered:

1. Save Time, Stay Productive
2. Plan & Analyze
3. Review
4. E-file
5. Federal Packages
6. Form 1040 Series
7. Form 1065 Series – Partnerships
8. Form 990 Series – Exempt Organizations
9. Form 706 Series
10. Form 709 Series
11. Form 1120S Series  – S Corporations
12. Form 1065 Series – Partnerships
13. Form 1120 Series – Corporation
14. Form 1041 Series – Estates and Trusts (Fiduciary)

Pros and Cons of Drake Tax:

Pros:

1. Drake Tax is highly customizable
2. Excellent customer support
3. If the problem was especially complicated, they would get back within the week.

Cons:

1. Customer service wait times
2. Limited add-ons
3. Accuracy on the state levels and even less on local.
4. Limited cloud-based options

5. Oracle Tax Reporting Cloud:

Oracle is a technology provider that offers a comprehensive suite of integrated cloud applications and infrastructure platform services. 

The Oracle Cloud Applications are built on top of the Oracle Cloud infrastructure, and they offer front and back-office modules to support consistent processes and a single source of truth across the most critical business functions.

Oracle Cloud Infrastructure platform provides a variety of services to support the development, deployment, and management of cloud applications and infrastructure. 

Features/ Specification: 

1. EPM Platform.
2. Planning.
3. Profitability and Cost Management.
4. Financial Consolidation and Close.
5. Account Reconciliation.
6. Tax Reporting.
7. Narrative Reporting.
8. Freeform.

Price:

Pricing for doing taxes: https://www.oracle.com/corporate/pricing/#fusion-cloud

Website:

https://www.oracle.com/

Ratings of Software: 

The Average rating or this software is 4/5 ⭐

Support:

Oracle’s support services are designed to help customers achieve their business goals by ensuring that they have the tools and resources needed to operate their Oracle solutions effectively and efficiently.

Oracle’s technical support is available 24/7 and provides access to a team of experts who can help customers resolve technical issues, answer questions, and provide guidance on best practices for using Oracle products.

Services Offered:

1. Oracle Cloud Infrastructure
2. Cloud Applications
3. Industries
4. Oracle Hardware and Engineered Systems
5. Enterprise Applications
6. Oracle Featured Software

Pros and Cons of Oracle Tax Reporting Cloud Business 

Pros:

1. Accurately calculate taxes 
2. Save time and reduce the workload of tax professionals
3. Integration
4. Reporting

Cons:

1. Expensive, especially for small and medium-sized businesses
2. Complex and difficult to use
3. Training must be required

6. Credit Karma Tax

Credit Karma Tax is actually a tax preparation software designed for individual taxpayers to prepare and file their own taxes for free.

Credit Karma Tax offers a simple and user-friendly interface that guides taxpayers through the tax preparation process. It also offers free federal and state tax filing for most taxpayers, as well as free access to tax experts who can help answer questions and provide guidance.

Features/ Specification:

1. Free federal and state tax filing:
2. Guidance and support
3. Easy data import
4. Automatic calculations
5. Audit defense

Price:

Pricing for doing taxes on your own is as per the following plans:

1. Deluxe:  $59 and Up
2. Premier: $89 and Up
3. Self-Employed: $119 and Up

Website:

https://www.creditkarma.com/tax

Ratings of Software: 

The Average rating or this software is 3.7/5 ⭐

Support:

Credit Karma Tax also offers free access to tax experts to help users with complex tax questions or issues. Users can chat with tax experts online or schedule a phone call for personalized support.

They provide comprehensive support for their tax software to help users navigate the tax preparation and filing process with confidence.

Services Offered:

1. Business Services
2. Ecosystem Service Providers
3. Marketing Services
4. Professional Services
5. Security and Privacy Services
6. Staffing Services
7. Translation Services
8. VAlue-Added Resellers(VARS)

Pros and Cons of  Credit Karma Tax:

Pros:

1. Cost savings compared to other tax 
2. User-friendly interface
3. Free tax advice
4. Audit defense

Cons:

1. Offer all the features and functionality
2. Limited customer support
3. Personal information that is required for tax filing
4. Limited state availability

7. CCH ProSystem fx Tax

CCH ProSystem fx Tax is a powerful tax preparation software that can streamline tax processing and office administration for tax professionals.

The software is designed to automate key accounting processes such as preparing financial statements and tax returns, saving time for accounting professionals. By streamlining these processes, the software can also help reduce errors and increase accuracy in financial reporting, improving overall client satisfaction.

Features/ Specification:

1. Client Management
2. Document Management
3. Due Date Tracking
4. Tax Filing

Price:

Chat with their assistant or Contact Wolters Kluwer for pricing details

Website:

https://www.wolterskluwer.com/en/solutions/cch-prosystem-fx

Ratings of Software: 

The Average rating or this software is 4.3/5 ⭐

Support:

CCH ProSystem fx Tax offers extensive customer service and support to ensure that users get the most out of the software. The company offers a wide range of support services, including online tutorials and documentation, as well as access to support staff via phone, email, or live chat.

In addition, CCH offers webinars and live training sessions to help users get the most out of the software.

Services Offered:

1. Designed for accounting firms corporates government
2. On-screen invoices
3. Tracks Project
4. Account receivables

Pros and Cons of  CCH ProSystem fx Tax

Pros:

1. Installation process is essay
2. Customized to meet specific needs
3. The software is easy to use

Cons:

1. Dependency to Microsoft Office makes it costly on software licenses.
2. Premium software product
3. Customization can be done

8. Clear Tax

Clear Tax is a financial technology company based in India that provides a range of solutions for tax preparation, compliance, and investment. 

They also offers a range of other solutions, including GST compliance software for businesses, an e-invoicing solution, and an investment platform that allows individuals to invest in mutual funds and other financial products.

Features/ Specification:

1. Maximum tax savings
2. Unparalleled speed
3. Accurate Compliance
4. ITR Filing Assistance
5. TDS on Sale of Property
6. Government registration
7. Legal Services
8. Trademark & digital signature

Price:

Here is the website link for price details: https://cleartax.in/s/contact-sales

Website:

https://cleartax.in/

Ratings of Software: 

The Average rating or this software is 4.3/5 ⭐

Support:

ClearTax provides support to its customers through various channels, including email, phone, and live chat. They also provide educational resources and training programs to help individuals and businesses improve their tax and financial knowledge. 

The support team is highly responsive and aims to resolve customer queries as quickly as possible. Customers can also submit their queries through ClearTax’s online contact form, and the company will respond within a reasonable time frame.

Services Offered:

1. Online tax filing
2. GST compliance software
3. E-invoicing solution
4. Investment platform:
5. Accounting software integration

Pros and Cons of ClearTax:

Pros:

1. It user-friendly interface
2. Various pricing plans to suit the needs of different types of customers
3. Strong customer support
4. Software enables users to access their tax returns from anywhere with an internet connection

Cons:

1. Limited support for non-Indian taxes
2. Limited integrations
3. Lack of customization

9. Vertex Tax Software

Vertex offers a suite of software solutions that help businesses manage their tax-related processes, including tax determination, compliance, reporting, tax data management, and document management.

Vertex’s software solutions can help businesses streamline their tax-related processes, reduce the burden on their tax departments, and free up time and resources to focus on other value-adding activities.

Features/ Specification:

1. Sales Tax
2. Return tax
3. Integrations
4. License version

Price:

Vertex has not provided pricing information for this product or service.

Website:

https://www.vertexinc.com/

Ratings of Software: 

The Average rating or this software is 4.3/5 ⭐

Support:

Customers with any questions or issues they may encounter while using Vertex’s software solutions. Customers can reach out to Vertex’s support team via phone, email, or online chat for prompt assistance.

Vertex offers its customers a range of resources and support to help them maximize the benefits of using its tax software solutions.

Services Offered:

1. Sales & Use Tax
2. Value Added Tax
3. Consumer Use Tax
4. Communications Services Tax
5. Lease Tax
6. Payroll Tax

10.  Sovos

Sovos places a strong emphasis on employee fulfilment and growth opportunities, just as it does for its clients. 

Sovos recognizes that its employees are its greatest asset, and the company invests in their growth and development by offering a range of training and development programs, mentoring and coaching opportunities, and a collaborative and supportive work environment.

Features/ Specification:

1. Updated Form Schedules
2. Library
3. E-Filing
4. EDI & SER Filing Method
5. Aggregate data
6. Bulletproof Audit Response
7. Track Rates
8. Reporting on Custom Transaction-Level
9. Detailed Rules, Rates, and exception rule
10. Analysis
11. Full Audit Trail

Price:

Pricing for doing taxes:

1. No Free Trial
2. Quote-Based Plan contact Vendor

Website:

Ratings of Software: 

The Average rating or this software is 4.3/5 ⭐

Support:

Sovos is a software company that provides a range of tax compliance solutions to businesses. In addition to its software offerings, Sovos is committed to providing outstanding service and support to its customers.

To achieve this goal, Sovos organizes its support teams according to solution-specific teams. This means that customers can work with dedicated support teams that are experts in the particular Sovos solution that they are using. 

Services Offered:

1. Audit Trail
2. Exception Management
3. Sales Tax Management
4. Tax Calculation
5. Tax Filing
6. Transaction Tracking
7. Value Added Tax (VAT)

Pros and Cons of Sovos:

Pros:

1. Essay to Understand
2. Targeting value medium sized business
3. Fully Satisfaction after working 3/4 months on Software 

Cons:

1. Meeting threshold requirements across jurisdictions is crucial for compliance
2. It’s frustrating to see how many errors there are in sales tax calculations
3. Support limited for certain business types

Investing in professional tax software can save you valuable time and money, as well as help you provide accurate and efficient services to your clients. Consider your specific needs and budget when choosing a tax software provider, and don’t hesitate to reach out for support or additional resources.

At Safebooks Global, we offer top-notch tax software and support to tax preparers around the world. Contact us today to learn more about how we can help streamline your tax preparation process and grow your business.

Contact us today to schedule a demo and see how Safebooks Global can help you succeed!