Who Uses This Software?

Taxprep is accounting software used across Canada in both English and French by Public Accounting, Tax Preparation, Legal Services, Bookkeeping, Banking, Insurance, Education, Government, + More.


Average Ratings

12 Reviews

  • 5 / 5
    Overall

  • 4.5 / 5
    Ease of Use

  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Trial
  • Deployment
    Installed - Windows
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • Wolters Kluwer Canada
  • wolterskluwer.ca/
  • Founded 1987
  • Canada

About Taxprep

Taxprep is Canada's most advanced line of tax preparation software, relied on by all 30 of the top accounting firms in the country, as well as thousands of local firms, small practitioners, and corporations. Supported by industry-leading customer service, technical support, diagnostics, and optimizations, Taxprep is Canadian tax return software that gives you the tools you need to increase profitability and offer clients value-added services during tax season and beyond.


Taxprep Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Cash Management
  • Collections
  • Expense Tracking
  • Fixed Asset Management
  • General Ledger
  • Payroll Management
  • Revenue Recognition
  • Spend Management
  • Tax Management
  • Compliance Management
  • Data Import / Export
  • Data Verification
  • Electronic Filing
  • Exception Notification
  • For Nonprofits
  • For Partnerships
  • K-1 Reporting
  • Payment Management
  • Payroll & Employer Forms
  • Status Tracking
  • Tax Planning

Taxprep Reviews Recently Reviewed!


Taxprep Software

May 22, 2019
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Pros: I primarily use the corporate and forms taxprep software. What I look most about the software is the amount of tools available to review tax returns and forms prepared within the software. As a reviewer, it is important to keep track of any items that need to be double checked, confirmed with clients, and potentially updated. The reviewer tools, such as the ability to track changes, helps ensure that the returns are completed accurately, and that we have comfort over all the information included in the return.

Cons: There are certain quirks with the software that can clash with the technical treatment of certain items. Sometimes, you may be unable to e-file a tax return if unless you select a certain box or input a number into a certain section. However, the technically correct approach may be to leave those input areas blank. Therefore, the software can in some instances create issues in filing returns. Please note that I experienced this issue very rarely.

Moving in the wrong direction

May 14, 2019
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

2 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Taxprep has outstanding features, functionality and ability to handle complex situations and calculations.

Cons: The new platform is not as good as the Classic. If lacks functionality, is buggy and unstable. To compound the problem, the company appears to scaling back its customer support. Wait times during the tax season were unacceptably long; we usually just hung up and did without.

It is likely that due to the enormous screw up on the new platform the support team was completely overwhelmed. Formerly, I would have said that the support was one of the things I liked the best. Now, it is a disappointment.

Overall: Formerly, Taxprep has been an essential part of our tool kit and helped us to deliver professional quality results. With the new changes, lack of support and the recent debacle with the ransomware issue, we are reconsidering our relationship with the company and its software.

CCH Taxprep review

May 07, 2019
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Taxprep has been an easy to use reliable product for years. We have never had any urge to switch products. We will continue to use CCH products well into the future.

Cons: Physical archive discs. I receive numerous archive cd's throughout the year. Please provide a single USB flash drive once per year with the entire suite of backups.

Overall: Sometimes the software helps us with certain calculations where our tax expertise may be a little fuzzy. It helps to educate while being reliable.

Great product

May 16, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love the ease of use, integration with our caseware software and customizability letters. The customer service is excellent, whether it is with tech support, or for assistance with form calculation, the support team is very helpful and wait times are a minimum.

Cons: The things that I like least are very minimal.

Overall: Taxprep is very quick to update their software with the latest tax changes. They are very reliable as well.

Review

May 07, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ease of use, functionality, integration with other taxprep programs and iFirm database

Cons: The software works very well but is pricey and costs should be watched for future sales

Overall: Work flow management

Taxprep

May 09, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Best tax software out there. Been using since 1981

Cons: There is really nothing I dislike about it.

Overall: Ease of use and in depth information available

Taxprep is the most essential tax software

Apr 03, 2019
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The most easy to use and accurate tax software.

Cons: This is not cheap. Has a fairly steep learning curve.

Excellent Program

May 07, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.

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

Review of T2 Taxprep Classic 2018

May 14, 2019
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 9.0/10 Not
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Pros: - great functionality (complete forms)

- strong diagnostics

- ability to view 2 year Xpress

- English translation of Quebec forms

Cons: - drop down menu on Sch 9 workchart is short - need to scroll to find an entity

- Quebec forms not easy to navigate through

Overall: I am using T2 Taxprep to prepare corporate income tax returns. Benefits realized: accurate tax reporting.

Ease of Use

May 16, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Functionality, ease of use, availability of historical carryforward information.

Cons: Can't really think of anything not to like.

Overall: Always easy to use..

Taxprep Review

May 07, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Roll-forward feature, sync with CRA, diagnostic and comparative analysis, print functionality.

Cons: Cost is a little high for a single user.

Overall: Great overall experience due to consistent versions, upgrades have accurate and current tax changes, diagnostic is a huge value-add to ensure returns are in compliance.

Tax prep Review

May 14, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

3 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
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Pros: I like the ease of the program and the diagnostics capabilities

Cons: The price is a bit excessive for my use but the program is what i am used to

Overall: Overall I am very happy with the program