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 Software - Income tax return statement
Taxprep Software - Remuneration statement
Taxprep Software - Income tax return statement - thumbnail
Taxprep Software - Remuneration statement - thumbnail

Taxprep pricing

Taxprep does not have a free version but does offer a free trial.

Starting Price:
Not provided by vendor
Free Version:
No
Free trial:
Yes

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Taxprep Reviews

Feature rating

Value for Money
3.8
Functionality
4.4
Ease of Use
4.4
Customer Support
4.2
5 reviews of 213 View all reviews
Collin
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
5
Features
4
Ease of Use
4
Customer Support
5

4
Reviewed on 25/03/2021

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.

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.

Daniel
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
2
Features
3
Ease of Use
3
Customer Support
1

4
Reviewed on 17/01/2020

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.

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.

Alexei
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
2
Features
4
Ease of Use
4
Customer Support
0

4
Reviewed on 06/05/2021

Title

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

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.

Glenn
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
2
Features
4
Ease of Use
3
Customer Support
2

4
Reviewed on 24/01/2020

Review of Taxprep

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.

Scott
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
4

5
Reviewed on 31/10/2019

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.

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.

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