Best Taxation software
Finding the best Taxation Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.
A taxation software is a computer software meant for helping individuals, firms, and companies in tax preparation and filing returns for various types of taxes ranging from income tax, corporate tax, VAT, service tax, customs as well as sales tax. The tax filing software simplifies for you the process of filing taxes by systematically walking you through all the tax forms and guiding you through various issues, and subsequently, it accurately and automatically calculates all your tax obligations.
If you are looking for a tax return software, then here are some of the must-have features you must find in a good online tax software:
1. Informative and Straightforward User Interface
In an utterly busy life, one can find it very unpleasant to work on a tax filing software with an utterly complex user interface. A tax return software having a simple yet informative dashboard can thus prove to be the best tax software. This way, you can get the job done quickly in fewer clicks and that too very easily. Also, it’s essential for a tax return software to show you various MIS reports upfront to enable taking quick and effective decisions for your business.
2. Data Security
Currently, in the digital age, data security is one of the must-haves in every software, especially in online tax software. Owning a secure tax return software will help you in protecting your confidential business information from almost all of the potential threats.
3. Multi-platform Adaptability
The tax return software must be accessible through multiple platforms such as desktop, tablet, and mobile phones. This will ease out the process of online return filing, and you can thus comply with all government norms in a quick and timely manner.
Some of the best tax software are flexible enough to integrate with your existing systems. This feature of the tax return software will prevent the need for setting up your master data once again in the new taxation software.
5. Tax Filing Software Brings In Cognizance
The online tax software must be able to keep you up-to-date by sending you alerts of all upcoming events related to the taxation process. Thus you can rest assure that no tax-related deadlines get missed and your business can be carried on seamlessly through the tax filing software.
It’s essential to determine the advantages and disadvantages of online tax software before purchasing one. Here, we have listed all the significant advantages and disadvantages of online tax software:
Advantages of Taxation Software:
1. Helps You Maximize Your Tax Deductions
With changes being made in the tax laws every year and many new types of deductions being added to the list, you are sure to miss availing some significant tax savings. A tax return software ensures that you get all possible tax deductions and thus enjoy a great amount of savings.
2. Allows Filing Tax Returns From Your PC
With the use of a tax filing software, you can quickly e-file your taxes. E-filing your taxes will enable you to get faster refunds and that too without any hassles.
3. Taxation Software Prevents The Risk Of Any Audit
A taxation software checks all your errors before you file your returns. You also get a guarantee from some software companies against calculation errors; i.e., the software company will redeem you of the penalty in case of an audit, and also pay you with additional interest on it.
4. Gives You Easy Answers To Tax FAQs
Of course, you may also get answers to tax-related FAQs through Google search. But an online tax software can give you the closest answers to your queries and even straight to the point and easy-to-understand.
5. Taxation Software Enables Storing Taxes On Your PC
It can be quite challenging to keep a record of all tax-related information such as rate of taxes, HSN code, SAC, date of applicability of tax, date of change in tax rate, b/f input tax credit amount of previous tax period, etc. But some of the best tax software in online versions allow you to store your taxes in secure servers. Thus you can access your taxes at any time, and from any place.
6. Saves A Lot Of Time
The online tax software saves a lot of your precious time; this is because, since the different tax rates are already saved in the software, you don’t need to enter them time and again and you get automatically calculated taxes. Secondly, you don’t have to go and physically submit the forms to the government offices, but you can easily do it from anywhere through the tax filing software; thus saving yourself a lot of time.
Disadvantages of Taxation Software:
1. Using Tax Filing Software Requires Computer Skills
There are many people still who don’t know how to operate various functions on the computer. For someone who doesn’t have good knowledge of operating a computer, it can prove to be a little difficult to use tax software. Thus it may take a lot of time for them to fill the electronic forms, and may not find the taxation software so useful.
People all over the world are loving taxation software as it saves them a lot of time and offers a great deal of convenience while paying taxes. Apparently, the global tax software market is also expected to witness amazing levels of growth in the near future. The huge growth in the demand for IoT devices and also the availability of cloud-based software at truly economical prices are also major contributors to a boom in the tax software market.
AcoBloom International is a leading Accounts and Tax outsourcing company in India, Delivering outsourced accounting services to UK Accounting firms. Managed Solutions, Faster TAT, 10+ Years Experience and Cost effective.
Tally.ERP 9 is a business accounting software for accounting, inventory, payroll management. It is economical and one of the most popular ERP software solutions available in the industry. You can download free version of Tally.ERP 9.
BUSY is the complete accounting software for small and medium businesses. It has been allowing SMEs across geographies, industry verticals and customer division such as FMCG, Retail, Trading, Manufacturing, Distribution and Service by helping them manage their business efficiently.
Simple, easy-to-use business accounting system to help you manage your accounts online. You can download 14 days free trial of Zoho books. Zoho Books is an easy-to-use, online accounting software for small businesses to manage their finances and stay on top of their cash flow.
ClearTax is providing a complete solution and free trial of taxation with expert support and freelancer for the business to guide how to save money and time. Income tax return e-filing, GST, GST compliance software, etc modules are inbuilt.
Acme Insight is comprehensive software, specifically made for the Retailers, Wholesalers, and Distributors by considering all the complexities of their business. Varied types of useful reports and customer relationship management modules that leads your business growth.
Sage offers a complete desktop accounting software that helps you spend less time managing your accounts and more time developing your business. With its easy to use interface, Sage 50cloud Accounting has aided small businesses and entrepreneurs to operate efficiently and effectively. Special Offer: 40% off Sage 50cloud annual subscriptions | Coupon Code: D-1929-0020.
Spectrum ( A Completed Tax Compliance Software 360? Solution ) is a combination of Income Tax Auditor Edition, e-TDS, Document Manager, Project Report / CMA, Form Manager and e-AIR
The Easiest and Comprehensive IT Filing portal in India to Plan, File, and Save on Taxes. 7 minutes to complete eFiling available both on App and Web. India's 1st Form16 photo reader and Tax Optimizer. Visit EZTax.in to know more!
TDSMAN is a utility software for preparing TDS Returns in electronic format as per the guidelines of the Income Tax Department. With its default detection techniques, it helps in preparing Zero-Error TDS Returns. It is available in two editions - Standard & Professional. TDSMAN is a subscription based software and needs to be renewed every year.
Saral TDS is the software for electronic filing of TDS and TCS returns as per the provisions of Income Tax Act. With thousands of customers throughout India, It has been the proven best eTDS Solution for the eReturns.
EasyOffice is India's Best Taxation Software to file your Income Tax Returns, TDS returns and Audit Reports easily. EasyOffice Software meet all sorts of Taxation compliance. Trusted by Thousands of Chartered Accountants , Tax professionals & Corporate users.
Our Expertise in the wide range of business applications in Multi-Tier distribution Architecture and Mobile device provided innovatively and quality IT products and solution to help implementation of the agile, integration system and process that will help the business continue to grow.
A revolutionary HR Payroll Management system that promises to take the pain out of HR Department. PayCare is a part of Intelliob Accord family of Enterprise Resource Planning (ERP) Framework.
Spectrum is a combination of Zen Income Tax Auditor Edition, Zen e- TDS, Zen Service Tax, Zen Document Manager, Zen Project Report / CMA, Zen Form Manager & Zen e- AIR.
XaTTaX (GST filing and reconciliation solution) is a simple and accurate complete GST software with great user interface for all type of enterprises in India. It offers a multi-layered security mechanism, which implies that whatever transactions you process are 100% secure.
Gen GST Software is a complete package for GST e-filing & Billing, which comes with many high-end features and functionality, intended for generating GST bills, the smoother filing of GST, storing data along with attractive UI.
CAMS-Exact India Indirect Taxation Solutions are available for CGST, SGST, IGST, UTGST, Cess, GST Compliance. CAMS is ASP (Application Service Provider) for Filing GST Returns.
Visual Udyog Automation allows SMEs to streamline their business processes, reduce costs, improve productivity, leverage industry best practices, stay compliant with tax rules and procedures and more informed decision making.
Taxbase is the best Tax Computation software for Chartered Accountants, Tax Consultants, and Other Tax Professionals. This is a Comprehensive tax based software solution which offers various computation and calculation facilities of Income Tax, TDS, Wealth Tax, Advance Tax Register, Billing Management, AIR modules, Office Management and Post-filing management at no extra cost.
This Excise software is simpler, Faster an affordable software for traders/Manufactures. Excise software has provided maintain an correct and error free excise details.
Fairsoft products being developed by CAs are designed to adapt to particular business challenges that are faced in your day to day life for your industry. The key features include the software is compliant with GST, Easy billing, Inventory management, etc.
We know Small to Medium businesses are the backbone of India’s economy; we know business isn’t easy, and we really admire each and every business owner for taking on the risks and challenges of everyday business.
HDPOS smart is a feature rich, easy to use Point of Sale billing and inventory management software that is available to you at a very low cost. Customize your sales Invoice, barcode sticker printing, custom reports, Drill down reports.
Octa GST is a simple and user-friendly offline return filling and reconciliation software for all types of businesses and tax professionals. Using Octa GST, GSTR-1, GSTR-3B GSTR-4, and GSTR-9 returns can be prepared. Built-in high-performance JSON to Excel Converter.