Taxprep 2026: Benefits, Features & Pricing

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Overview
Pricing and Plans
Features
User Reviews

Overview

Taxprep

4.6

(215)

Pricing

Pricing available upon request

About Taxprep

Taxprep is a cloud-based tax preparation software that helps companies with diagnostics, data entry, audit reviews, quality assurance and more. The system allows users to conduct in-depth analyses including trendlines, rolling averages and Pareto charts, as well as cross-tabulate data by multiple dimensions. With built-in scheduling capabilities for managers and users, it also helps coordinate schedules of activities without the need for multiple calendars.

Taxprep Screenshots

Taxprep Pricing and Plans

Starting price: $1.00

Free Trial

Free Version

Basic

$1.00

per feature

No plan information available

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Taxprep Features

Popular features found in Bookkeeper
Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Expense Tracking
General Ledger
More features of Taxprep
Accounting
API
Client Management
Compliance Management
Corporate/Business
Data Import/Export
Data Verification
Document Management
Electronic Filing
Exception Notification
For Accountants
For Nonprofits
Multi-Currency
Payroll & Employer Forms
Status Tracking
Task Management
Tax Calculation
Tax Compliance
Tax Filing
Tax Forms
Tax Management
Tax Planning

Taxprep User Reviews

Overall Rating

4.6

Ratings Breakdown

65%

30%

Secondary Ratings

Ease of Use

4.4

Value for money

3.8

Customer support

4.2

Functionality

4.4

Steve M.

Verified reviewer

Oil & Energy

51-200 employees

Used other for more than 2 years

Review source

Reviewed May 2019

Excellent Program

We use Taxprep to prepare our Corporate Income Tax returns. The program never disappoints.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Very user friendly, I can easily find any necessary forms that I require to prepare our Corporate Income Tax return. Customer service is always helpful. I also like that most (if not all large accounting firms use this software and so it is well utilized)

Cons:

It can be expensive for companies with modest budgets.

Raj N.

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed November 2024

CHARTERED ACCOUNTANT

GREAT AND USER OF THE PRODUCT ALMOST 30 YEARS.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

RELIABILITY AND ACCURACY. GREAT TECHNICAL HELP.

Cons:

GETTING TOO PRICY-GETTING TO A POINT OF BEYOND AFFORDABILITY. DIFFICULT TO REACH.

Ed G.

Verified reviewer

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed January 2020

Review of T2 programs

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

I have been using Taxprep for over 20 years. I am very familiar with the program. The program is relatively easy to use. I like the fact that the return on the screen is exactly the same as what is printed out. The diagnostics function is very useful.

Cons:

I have noticed a change in version 2 of the T2 2019 program which is not at all useful. When you first open the program you used to be able to see certain information about each client without going into the actual file (i.e. the status, the year end, whether the return had been e-filed etc.). Now you have to actually open the particular client file to see that information. I don't know if this an option that has to be selected but I have been unable to find the answer. Extremely annoying. Also, the program has become quite expensive, especially for a sole practitioner.

Collin Y.

Verified reviewer

Accounting

2-10 employees

Used daily for less than 12 months

Review source

Reviewed March 2021

TAXPREP iFIRM

I integrated the iFIRM TaxPrep with iFIRM Portal / e- Signature, so I can offer my customers an updated tool to send their data at their convenience, from where-ever they live, from what- ever device, to my office. We still offer the option to meet in-person. TaxPrep iFirm is integrated with the iFirm Client mgmt, Time & Billing software, which allows us to update client information once, in one location, instead of in multiple data bases, and locations. The software updates are done in the "background" which has saved me hours on the weekends during Tax Season. My office uses the client "dashboard" type features from the CCH TaxPrep Dashboard tool, to track client status, notes and who is working on the file. This has lowered my stress as I can see the data from my tool.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Product was easy to setup, and deploy to staff - simply gave them the log-in script to the firm web address. Any software product updates are done in the back end, generally overnight which means i am no longer installing an deploying the software updates on my firm server, then updating all the user accts on all the workstations. Can work on client files at the office, or remotely - as long as I have internet connection (which is an ongoing issue in the Territory where I live). Great tech support team - any questions, they were most helpful.

Cons:

Being dependent on internet connection, internet up & down load speeds. The Territory where i live has very slow internet up & down transfer speeds. Am use to TaxPrep server software where data is transferred quickly making jumping between forms or family members's forms seamless. Web-based TaxPrep iFirm has a noticeable delay . After using TaxPrep server based software for over 30 years, I am still getting use to the new way of jumping between forms, adding forms, or drilling down on linked data cells. One major issue is being completely dependent on internet connection - if the one (1) fiber line to the Yukon is cut (which happens multiple times per year), then my office is has lost connectivity and production.

Reasons for choosing Taxprep

Stayed within the WK/CCH TaxPrep software lineup because of familiarity, ease of transfer of older TaxPrep data files to iFIRM TaxPrep, have been using TAXPREP ( started with DOS version) for over 30yrs. Know what to expect from the software. TaxPrep customer support / tech support are great - can reach a live real person who actually wants to help and does help.

Reasons for switching to Taxprep

Made the switched to transfer the IT maintenance & upkeep to WK/ CCH

Eric T.

Verified reviewer

Financial Services

2-10 employees

Used weekly for more than 2 years

Review source

Reviewed March 2023

Taxprep: The In's and Out's

Overall we are satisfied with this program. The price is a bit high but we get outstanding functionality and a great knowledge base to use with out staff. We will keep using this for many years to come hopefully

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

We process a multitude of tax returns for both personal and corporate. We deal with many companies and Taxprep has always been there helping us out. The programs are amazing and they offer amazing support and have a wide array of answers to many questions to help you along the way.

Cons:

Sometimes the support team can forget about you and you feel forgotten about. But the most thing I like least is the pricing. Personally I feel the price could be lower as looking around at other software's to buy the prices are definitely lower in other markets. Just something to keep in mind.

Alexei O.

Verified reviewer

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed May 2021

Title

It is best interface and using comparing to other product of the same domain.

Ratings Breakdown

Ease of use

Value for money

Functionality

Pros:

It’s professional and pointed on formulars instead of simple data entering

Cons:

It is expensive, version updating process is manual, it is slow starting, slow opens files. There is a list of problems and missing features that could be implemented: - Form 21200 makes wrong calculation of amount for QST refund (reported into VD-358) - CARE form took in federal consideration the amount entered in Quebec - it should not, because some times there is no deductible amount to federal side; - When TED federal fails, it should not try to send provincial; - in TP1 should be the possibility to transfer Québec refund into conjoint automatically, now it always manual; - Where is useless diagnostics in a report of depending person. Dependant have same address, but diagnostics is asking if he lives alone and two more related questions; - Then you try to open more then 5 pdf files (after generating pdfs) it always asking to confirm, because it maybe slow down the system. There is should be possibility suppress that confirmation forever. Like check box "Do not ask this question in a future"; - There is shoud be a summary page similar to DT max summary page - that shows essential information on one page; - Then a person have self-employe income (2125) and foreign employe income, program should not calculate RQPP on this foreign income.

Reasons for switching to Taxprep

It has better interface, does more automatically.

Glenn A.

Verified reviewer

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed January 2020

Review of Taxprep

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The software is much more robust than other tax software we have used. There are many diagnostics that are available and the search function works well. We also like the link with their other client management system, iFirm.

Cons:

The software is much pricier than other options. Customer support was very poor when we were attempting to purchase additional licenses. I would also consider training poor. It's hard to absorb all of the training initially when you don't know the software and you don't know the features and you don't know what questions to ask yet. They should come out after a year with an update training so the users can have much more specific questions they can ask. The multiple updates that we receive during the year is also annoying. We have to have our IT department update on each and every computer every time there is an update (which there are many) which costs us even more money. The old software we used, Profile, had an update feature that warned each user that an update was available when they were in the software and could click on a link and update themselves, without the involvement of the IT department. This is much more preferred. Our IT costs have gone up 20% when we changed over to Taxprep because of all these updates.

Reasons for switching to Taxprep

We wanted to change to a different client management software, iFirm, and Taxprep integrated with the software.

Jerrold G.

Verified reviewer

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed January 2020

my comments

tax planning, and overall generation of the returns is excellent. The software often identifies filing issues and assists in focussing in on making sure the return will be accepted from CRA before filing. The help function could be a bit more comprehensive in moving to CRA data base or folios for referencing.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

difficult to change to a different software company. we understand the product and interfaced for the most part having been using it for over 30 years!! So we know where to look for issues that pop up from time to time.

Cons:

Setting up new year is a very time consuming process. The way in which the communication letters to clients, using data base to communicate blast letters to clients, or specific letters to clients, as well as user profiles from year to year could use some improvement. From a user perspective it is always an annual challenge to customize these features to suit our application. Consider we have one colour printer and the rest are black and white. So the letter to client and our invoice as well as the actual returns are printed on at least 2 different printers. And the cost of the program keeps increasing. Such increases are not easily passed on to clients when there is much competition to produce income taxes for no fee! Difficult to compete - which means you are pricing yourself out of my market!

Scott K.

Verified reviewer

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed October 2019

There's competition and then there's Taxprep

Our public accounting practice produces a thousand personal tax returns and hundreds of corporate returns, so a tax preparation software is critical. We started with Taxprep about a quarter century ago. The software continues to evolve. Every few years we look at a host of other preparation software and talk to other preparers in the industry. Given our client base, with its particular complexity, we can't imagine another software handling it all. We also prepare US tax returns and have gone through numerous software providers; our terrible experience with US tax preparation software makes us realize how lucky we are with Taxprep for our Canadian work.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Importing and exporting data - we use this in a host of ways. For example, we have developed our own processing dashboard, detailed label production that provides key data on the docket speeding intake or referencing, sharing info between files, billing management, analyzing client base for potential review issues, double checking filings, etc. Rich with nearly all required forms. Most complete of any tax software we have reviewed. Reliable.

Cons:

The form layouts often have a curious arrangement to them which is not ideal for data entry. The drill down data on multi-forms (e.g. family member names) is inaccessible to the data reporter.

Reasons for choosing Taxprep

Partly out of pain of switching but also the others all lacked something (forms, transfer, ...)

Daniel D.

Verified reviewer

Accounting

2-10 employees

Used daily for more than 2 years

Review source

Reviewed January 2020

TaxPrep Review

Mixed feels about the software, as the installation and updating process is terrible, and getting someone on the phone for tech support takes way too long, and they don't always have the answers. So you can spend an hour trying to reach someone, only to find they don't yet have a solution for the issue, or they need time to fix it. But when the software is working properly it does allow for efficient production.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Teh diagnostics are generally pretty helpful. The layout of schedules is easy to follow.

Cons:

Too many patches and updates required each year. Technical support keeps you on hold for a very long time every time you call (over 45 minutes on hold). Every time there is an update or new version released, we need to download everything and reinstall, where as other software providers make the process much more easy, and simply push the updates through automatically.

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