Evaluating tax is never easy. Tax compliance is a requirement in following the law. Given that, overlooking tax can lead you to face legal consequences. For this reason, you might need taxation software to help you calculate and get a reminder of your taxes. You can continue reading below to learn more and see our recommendations. 

Taxation Software

10+ Best Taxation Software

1. Zoho Books

zoho books

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Rating: 4,.6/5

Price: FREE

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2. EASYOFFICE

easyoffice

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Rating: 4.5/5

Price: Custom

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3. Busy Accounting

busy accounting

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Rating: 4.6/5

Price: Custom

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4. Quicko

quicko

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Rating: 4/5

Price: Custom

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5. TDSMAN ONLINE

tdsman online

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Rating: 4.8/5

Price: Custom

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6. Taxjar

taxjar

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Rating: 5/5

Price: $19/month

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7. TallyPrime

tallyprime

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Rating: 4.7/5

Price: Custom

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8. ClearTax

cleartax

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Rating: 4.4/5

Price: Custom

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9. Acme Insight

acme insight

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Rating: 4.8/5

Price: Custom

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10. Sage 50cloud

sage 50cloud

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Rating: 4.6/5

Price: $56.08/month

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11. Saral TDS

saral tds

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Rating: 4.8/5

Price: Custom

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What is Taxation Software?

Taxation software is a technological tool with multiple advanced features and functionalities, allowing you to perform several tasks within a single platform. Manual tax analysis takes too much time and effort, leading to frustrating and exhausting processes. Taxation software enables automation, accurate data analytics, dashboards, and collaborative tools, giving you conventional methods to calculate your taxes precisely and conveniently.  

Benefits

Taxation software delivers impressive benefits and advantages to your company. As we all know, manual processes consume time, are a lot of work, and are prone to errors, which can put you in a tough position. On the other hand, taxation software ensures increased time savings, cost-effectiveness, high accuracy of calculation, e-filing facility, easy recording processes, etc. 

Features

Features and functionalities are crucial factors you need to analyze before buying the software that caught your interest. These two elements serve as the mechanics enabling the application to function and operate. For this reason, it is sensible to research the software’s characteristics to determine its quality. On top of that, the software is expensive, part of the reason that researching is essential. Luckily, you can read from software reviews given by software users. You can also try free trials and versions if available. The following are features you need:

Top 10 Taxation Software

1. Sage 50cloud

Sage 50cloud includes batch processing, forecasting, online invoicing, online payments, sales tax management, invoice processing, and more innovative features. Sage has annual revenue of $2.1 billion and 17,242 employees.

2. Zoho Books

Zoho Books includes accounts payable, compliance management, contact management, accrual accounting, invoice management, and more advanced features. Zoho has annual revenue of $2 billion and 10,000 employees.

3. ClearTax

ClearTax includes tax management, inventory management, e-way bill generation, MIS reports, audit trail, and more advanced features. ClearTax has annual revenue of $112.8 million and 1,085 employees.

4. TallyPrime

TallyPrime from Tally Solutions includes distribution management, enterprise asset management, warehouse management, project management, and more. Tally Solutions has annual revenue of $68 million and 800 employees.

5. Busy Accounting

Busy Accounting from Busy Infotech includes an activity dashboard, barcode recognition, order management, point of sale (POS), status tracking, and more innovative features. Busy Infotech has annual revenue of $37 million and 199 employees.

6. TaxJar

TaxJar includes address validation, audit trail, exemption management, tax calculation, taxability verification, transaction tracking, and more logical features. TaxJar has an annual revenue of $26.8 million and 192 employees.

7. Acme Insight

Acme Insight from Acme InfoVision Systems includes inventory management, accounting, retail sales, cash management, medical billing, and more valuable features. Acme Info Vision Systems has an annual revenue of $6 million and 35 employees.

8. EASYOFFICE

EASYOFFICE includes taxation management, workflow management, financial management, online payment processing, and more valuable features. EASYOFFICE has annual revenue of more than $5 million and more than 25 employees.

9. Quicko

Quicko includes tax management, tax filing, tax forms, due date tracking, billing and invoicing, and more helpful features. Quicko has annual revenue of $5 million and more than 25 employees.

10. TDSMAN Online

TDSMAN Online from PDS includes power-packed convenience, data import/export, return generation, default analysis, correction statements, and more contributive features. PDS has annual revenue of $5 million and 28 employees.

FAQs

Why is tax management important?

Understanding and calculating tax are never simple. It has its complex structure and methods you need to analyze precisely to ensure accurate tax evaluation. For this reason, tax management is essential as it allows the company to acquire comprehensive tax data, therefore, assessing them and guaranteeing reliable tax administration and payment processes.

What is tax?

Tax is a critical element in society as it plays a critical role in the professional industry. As we all know, we have public servants we need in our community as they aid civilians in every way. Tax serves as their salary. The government uses tax to build roads, infrastructures, environmental development, housing projects, and other public service projects.

Why is tax compliance crucial?

Workers and businesses need to comply with tax as it is the law. Government executes tax laws to acquire funds to support public servants’ salaries and implement public service projects to develop the society. Tax compliance is necessary as it ensures you avoid legal consequences from non-compliance with tax. Tax serves as a fund for industrial development leading it to be one of the most crucial matters in the world.

Undeniably, tax management is challenging, especially with manual processes. It produces inaccurate and unreliable details, which can lead to unfortunate events. With taxation software, you can untangle complexities. It helps you obtain accurate tax calculations, reminders, a lucid dashboard, and effective communication tools, resulting in improved operational efficiency and quality management. 

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