# Best Corporate Tax Software - Page 9

## How Many Corporate Tax Software Products Does G2 Track?

**Total Products under this Category:** 143

### Category Stats (Jul 2026)

- **Average Rating:** 4.4/5 The average rating of products in this category, based on all submitted ratings
- **Top Trending Product:** Intuit ProSeries Tax (+0.24%) - Among all products in this category, Intuit ProSeries Tax recorded the largest rating increase compared to last month

_Last updated: July 28, 2026_

## How Does G2 Rank Corporate Tax Software Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 3,300+ Authentic Reviews
- 143+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

## G2 Grid® for Corporate Tax Software
 ![G2 Grid® for Corporate Tax Software plotting products by satisfaction and market presence](https://www.g2.com/categories/corporate-tax/grids.png?focus%5B%5D=10835&focus%5B%5D=92240&focus%5B%5D=1929&focus%5B%5D=2036&focus%5B%5D=74007&focus%5B%5D=10836&focus%5B%5D=38338&focus%5B%5D=10895)

Highlighted products: Intuit Lacerte Tax, Intuit ProConnect Tax, Avalara, TurboTax Business, Credit Karma, Intuit ProSeries Tax, Vertex, and CCH ProSystem fx Tax.

Underlying data: [Grid® JSON](https://www.g2.com/categories/corporate-tax/grids.json?focus%5B%5D=intuit-lacerte-tax&focus%5B%5D=intuit-proconnect-tax&focus%5B%5D=avalara&focus%5B%5D=turbotax-business&focus%5B%5D=credit-karma-credit-karma&focus%5B%5D=intuit-proseries-tax&focus%5B%5D=vertex-inc-vertex&focus%5B%5D=cch-prosystem-fx-tax)

**Sponsored**

### EULER

EULER is an AI native Partner Relationship Management (PRM) software and Partner Operations automation platform that helps B2B startups and enterprises manage, measure, and scale partner-sourced revenue. This Partner Relationship Management solution centralizes every aspect of partner operations from recruitment and enablement to deal registration, attribution, incentives, and payments within a single connected platform. Built by experienced partnership leaders, EULER integrates directly with Salesforce, HubSpot, Slack, and email to automate manual workflows and surface real-time insights into partner performance, revenue contribution, and program ROI. The platform is used by partnership leaders, PartnerOps managers, and go-to-market (GTM) executives who rely on channel and ecosystem growth. Use cases include: - Automating partner referral and deal registration workflows to improve attribution accuracy - Managing partner onboarding, enablement, and certification at scale through an integrated portal - Tracking partner pipelines, incentives, and payouts with CRM level visibility - Replacing manual spreadsheets with AI-powered automation and analytics What makes EULER different: AI powered Partner Operations: PAM AI and DealFlow AI automate partner communication, deal registration, and reporting so partners can engage directly from email or Slack. CRM native integrations: Real-time, two-way sync with Salesforce, HubSpot, and Pipedrive ensures clean, accurate data and eliminates manual entry or middleware. Frictionless partner experience: Partners can submit deals, view progress, and stay informed without logging into a portal, which increases adoption and engagement. Partner lifecycle automation: Onboarding, incentives, payments, and analytics are all managed in a single, connected environment, creating a single source of truth for partner operations. Actionable analytics: Built-in dashboards give leaders visibility into partner performance, pipeline health, and revenue contribution. Across the EULER customer base, companies report measurable operational improvements, including three- to fourfold growth in partner-sourced revenue, four- to ninefold expansion in active partner portfolios, and time savings valued at approximately $40,000 per partnership headcount each year. Company Information: EULER is headquartered in San Diego, California. Founded in 2023 by partnership leaders, the company provides a modern PRM alternative that unifies partner recruitment, deal automation, partner communications, and revenue attribution in one AI-powered PRM built for predictable, data-driven partner growth.

[Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=93&secure%5Bchosen_at%5D=2026-07-30T03%3A51%3A52Z&secure%5Bdisplayable_resource_id%5D=56&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=retargeted_product&secure%5Bplacement_resource_ids%5D%5B%5D=1599613&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=1599613&secure%5Bresource_id%5D=93&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fcorporate-tax%3Fpage%3D9&secure%5Btoken%5D=d81eb53deaeea5d2334e4e02608d024c612c0f223379c905c4adeb6e9742e534&secure%5Burl%5D=https%3A%2F%2Feulerapp.com%2F%3Futm_source%3Dg2%26utm_medium%3Dprofile%26utm_campaign%3Dvisit-website&secure%5Burl_type%5D=custom_url)

### [RateUtil](https://www.g2.com/products/rateutil/reviews)

RateUtil enhances your ERP for peak tax performance at a lower cost. It’s the just-right option between manual rating and expensive third party tax engines.

#### Who Is the Company Behind RateUtil?

- **Seller:** [Sales Tax DataLINK](https://www.g2.com/sellers/sales-tax-datalink)
- **Year Founded:** 2010
- **HQ Location:** Bentonville, US
- **Twitter:** @SalesTaxDLink  
107 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=666c2fdf60be9e63a39cf9cea5555ab0430929c254a9da6d41a5adf0166cc15d&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsales-tax-datalink&secure%5Burl_type%5D=linkedin_company_website)  
13 employees on LinkedIn®

### [RecoveryLINK](https://www.g2.com/products/recoverylink/reviews)

RecoveryLINK is the only available software for automating the accounting tasks associated with reverse audits.

#### Who Is the Company Behind RecoveryLINK?

- **Seller:** [Sales Tax DataLINK](https://www.g2.com/sellers/sales-tax-datalink)
- **Year Founded:** 2010
- **HQ Location:** Bentonville, US
- **Twitter:** @SalesTaxDLink  
107 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=666c2fdf60be9e63a39cf9cea5555ab0430929c254a9da6d41a5adf0166cc15d&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsales-tax-datalink&secure%5Burl_type%5D=linkedin_company_website)  
13 employees on LinkedIn®

### [Rooby](https://www.g2.com/products/rooby/reviews)

Xero-integrated real-time corporation tax forecasting UK limited company tax forecasting live CT and VAT position from Xero built by a qualified UK accountant £10 per client per month 15-component business health score

#### Who Is the Company Behind Rooby?

- **Seller:** [Rooby](https://www.g2.com/sellers/rooby)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7886df2ed926834e5eb248c77dcfa8e5c815d3ab1f0fe3132ced0dba45868834&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FNo-Linkedin-Presence-Added-Intentionally-By-DataOps&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [RTC Suite](https://www.g2.com/products/rtc-suite/reviews)

RTC Suite is an SAP OEM solution inherently built on SAP BTP, streamlining e-Invoicing, digital e-reporting/SAF-T, VAT, and ViDA processes across multiple countries. It delivers real-time validation (schema/Schematron), DQI dashboards, low-code features, and enables rapid deployment—with the first country live in just weeks. The AI assistant ARTI speeds up compliance activities and provides valuable insights. RTC Suite integrates closely with SAP S/4HANA and ECC, and links to AP workflows such as Basware for smooth outbound and inbound operations. It guarantees 99.5% SLA availability, enterprise-level security, and robust backup through SAP BTP.

#### Who Is the Company Behind RTC Suite?

- **Seller:** [RTC Suite](https://www.g2.com/sellers/rtc-suite)
- **Year Founded:** 2023
- **HQ Location:** Dublin, IE
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=0a92c3c3002c9c70c26c93380018bc51a2316ce15ba8abb17be3ab20aad05b57&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Frtcsuite%2F&secure%5Burl_type%5D=linkedin_company_website)  
77 employees on LinkedIn®

### [Sales Tax Automation Platform - AtomicTax](https://www.g2.com/products/sales-tax-automation-platform-atomictax/reviews)

Dealing with the confusing and frustrating process of handling sales tax for your online business? Are you spending an inordinate amount of time filing and remitting sales tax for each state? Is sales tax compliance leaving you procrastinating? We have a great solution for you, our end to end sales tax compliance solution is the most comprehensive and affordable solution for online businesses.

#### Who Is the Company Behind Sales Tax Automation Platform - AtomicTax?

- **Seller:** [AtomicTax](https://www.g2.com/sellers/atomictax)
- **Year Founded:** 2020
- **HQ Location:** Windsor Mill, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=979fe514a52b512a3be1cc6a62ac63ee70b90217c5a9e72dc8d6966b04fa7bb2&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fatomic-tax%2F&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [Silverfin](https://www.g2.com/products/silverfin/reviews)

Silverfin is the cloud-based financial reporting and compliance platform for accounting firms. It connects directly to client bookkeeping systems, pulls live data into a single structured data hub and uses pre-built templates to standardise and automate core workflows, including working papers, accounts production and tax computations. Data flows from working papers through to statutory accounts and tax returns with zero manual re-entry. Built-in validation checks catch errors before they reach the client, and regulatory template updates happen automatically. Firms using Silverfin typically cut accounts production time by up to 50%. Silverfin's AI tools help firms work faster and smarter. AI mapping automates chart of accounts mapping for new client files, while Silverfin Assistant analyses client data to flag outliers, reconcile figures and support junior staff. Insights gives firms a portfolio-wide view of client data to spot trends, risks and advisory opportunities. Talking Points turns client data into structured conversation starters for better client meetings. Founded in 2013 in Ghent, Belgium, today more than 1,000 accounting firms use Silverfin across 18 countries, including all Big 4 networks. The platform integrates with 50+ of the most commonly used bookkeeping systems, including Xero, Sage, QuickBooks, Exact, Yuki, Horus and e-conomic. Pulse, Silverfin's client portal, enables secure document sharing and real-time collaboration with clients.

#### Who Is the Company Behind Silverfin?

- **Seller:** [Silverfin](https://www.g2.com/sellers/silverfin)
- **Year Founded:** 2013
- **HQ Location:** Ghent, BE
- **Twitter:** @getsilverfin  
806 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=8b256deca93c9fc1c1a308a8402f87240f704b70d67107b537fd36ab14e13e66&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsilverfin&secure%5Burl_type%5D=linkedin_company_website)  
194 employees on LinkedIn®

### [SureTax](https://www.g2.com/products/suretax/reviews)

The SURE ALL IN ONE Software Package is designed for all tax offices, small and large, with no cap on offices or employees. This software package is most popular for the new and seasoned tax offices looking to grow clients with no limitations. Sure Tax Software eliminates the hidden fees and over priced tax software by offering upfront low upfront pricing ultimately saving big on fees. This package also includes UNLIMITED PROCESSING OF 1040, Sch C, and ALL STATES for UNLIMITED USERS. Get the support and software you need. 3 Year Prior Access Low Fee Options Unlimited Free E-File Unlimited Additional Users Offer up to $6,000 Advances

#### Who Is the Company Behind SureTax?

- **Seller:** [Sure Business Essentials](https://www.g2.com/sellers/sure-business-essentials)
- **Year Founded:** 2012
- **HQ Location:** St Louis, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=ad52fb87d288e2dd10f857e8127031f10563f0e30347aca929189d08cc62ebe7&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsure-business-essentials&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [Tax and Regulatory Reporting](https://www.g2.com/products/tax-and-regulatory-reporting/reviews)

Simplify your reporting Reduce risks and simplify processes with a centralized regulatory reporting platform New economies are emerging, and employment and income models are shifting. These changes have created a greater sense of urgency for regulatory authorities to ensure that all potential revenue is accounted for and collected. In response, they are demanding increased levels of detailed reporting and transparency. This has the potential to consume vast resources for those trying to manage these processes manually.

#### Who Is the Company Behind Tax and Regulatory Reporting?

- **Seller:** [Sovos](https://www.g2.com/sellers/sovos)
- **Year Founded:** 2015
- **HQ Location:** Wilmington, MA
- **Twitter:** @SovosCompliance  
1,360 Twitter followers
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=9d9e06763dacd2e087e0d86e4d211937e5d6998c34a12f4ba331e2ddb0d71f58&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2F9317334%2F&secure%5Burl_type%5D=linkedin_company_website)  
1,835 employees on LinkedIn®

### [Taxeasy](https://www.g2.com/products/taxeasy/reviews)

Taxeasy aims to optimize Tax Energy in France via a SaaS directly accessible on the web.

#### Who Is the Company Behind Taxeasy?

- **Seller:** [Taxeasy](https://www.g2.com/sellers/taxeasy)
- **Year Founded:** 2020
- **HQ Location:** Bordeaux, FR
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=5d8e6eeaf310f71ac359faad148d32cb5975a87abaf54fff99b66c9799475e99&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftaxeasyfr&secure%5Burl_type%5D=linkedin_company_website)  
3 employees on LinkedIn®

### [Taxfyle](https://www.g2.com/products/taxfyle/reviews)

Taxfyle is a personal and business tax return filing solution.

#### Who Is the Company Behind Taxfyle?

- **Seller:** [Taxfyle](https://www.g2.com/sellers/taxfyle)
- **Year Founded:** 2015
- **HQ Location:** Coconut Grove, US
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=b86d501d84621c6dbb9cf327fe6957690fd3bfd6f51e96148512ee5fb4e5c2a6&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftickmark-inc.&secure%5Burl_type%5D=linkedin_company_website)  
99 employees on LinkedIn®

### [TaxHero AI](https://www.g2.com/products/taxhero-ai/reviews)

The simplest ever AI-driven tax app for early-stage startups. Taxes and bookkeeping for early-stage startups in Delaware are dead simple. Stay on top of your tax deadlines, get your books done, and file taxes on time - that's it. AI will guide you along, so you can concentrate on what matters - building your startup.

#### Who Is the Company Behind TaxHero AI?

- **Seller:** [TaxHero AI](https://www.g2.com/sellers/taxhero-ai)
- **Year Founded:** 2022
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=cd6eb9ddf3dbfe3d336235de953e2135c04c8922e424c0027b085e09471dd196&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftaxheroai%2F&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [TaxLab](https://www.g2.com/products/taxlab/reviews)

TaxLab is an online tax software system designed specifically for companies of NewZeland.

#### Who Is the Company Behind TaxLab?

- **Seller:** [TaxLab](https://www.g2.com/sellers/taxlab)
- **Year Founded:** 2009
- **HQ Location:** Upper Harbour Local Board Area, NZ
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=c4b17028e80e73af1a1a8cec7a07a62bd4aefc6e0337f5f2948a4076e887077f&secure%5Burl%5D=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftaxlab&secure%5Burl_type%5D=linkedin_company_website)  
17 employees on LinkedIn®

### [TaxProof](https://www.g2.com/products/taxproof/reviews)

TaxProof platform structures corporate tax accounting and compliance. It is a solution for simplifying corporate tax administration through workflows. Manual activities, such as data collection, are automated when possible. The platform provides TaxPacks for different countries, so it suits both national and international tax administrations. The software provides an audit trail and a user-friendly interface with extensive help documentation.

#### Who Is the Company Behind TaxProof?

- **Seller:** [TaxModel International](https://www.g2.com/sellers/taxmodel-international)
- **Year Founded:** 2011
- **HQ Location:** s-Hertogenbosch, NL
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=9b0ddcd32ebd98b112fb9cef5be86ef18b68592e381865136aab5c0feb4fbbef&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftax-model%2F&secure%5Burl_type%5D=linkedin_company_website)  
22 employees on LinkedIn®

### [TaxRaahi ITR Software](https://www.g2.com/products/taxraahi-itr-software/reviews)

TaxRaahi offers an ITR Software, designed to detect which return is needed to file.

#### Who Is the Company Behind TaxRaahi ITR Software?

- **Seller:** [Legalraasta Technologies](https://www.g2.com/sellers/legalraasta-technologies)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=7886df2ed926834e5eb248c77dcfa8e5c815d3ab1f0fe3132ced0dba45868834&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2FNo-Linkedin-Presence-Added-Intentionally-By-DataOps&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

### [Tax Radar](https://www.g2.com/products/tax-radar/reviews)

Tax Radar is a fiscal intelligence platform that classifies products under Brazil's NCM tax code using machine learning, based on free-text product descriptions rather than barcodes. The platform automatically identifies differentiated tax treatment under Brazil's ongoing Tax Reform (Complementary Law 214/2025), including zero-rate and 60% reduction categories for IBS/CBS, returning suggestions with a confidence level and explanation. It also audits NF-e (electronic invoice) XML files and SPED tax records to detect fiscal classification inconsistencies.

#### Who Is the Company Behind Tax Radar?

- **Seller:** [Tax Radar](https://www.g2.com/sellers/tax-radar)
- **HQ Location:** N/A
- **LinkedIn® Page:** [www.linkedin.com](https://www.g2.com/external_clickthroughs/record?secure%5Bsource_type%5D=product_profile&secure%5Btoken%5D=2fbb4ea6bb5c5a645a646ccd01a7ce494df406140f6e83185b12dfceba7dc046&secure%5Burl%5D=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftaxradar&secure%5Burl_type%5D=linkedin_company_website)  
1 employees on LinkedIn®

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[Browse Corporate Tax Themes](/categories/corporate-tax/themes)

 ![Nathan Calabrese](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Nathan Calabrese")
NC

Researched and written by [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)

Updated October 3, 2024

Corporate tax software allows businesses to streamline the tax filing process. Accountants within an organization can use these solutions to calculate taxes for company-wide transactions, file returns electronically, and store tax-related forms for both employees and the company itself. Some corporate tax software programs also offer features for determining exemptions, integrating with other accounting software, or syncing with company accounts to automatically import transaction data.

Some corporate tax software programs also offer tax planning features for determining exemptions, credits, deductions, estimating how much tax will be owed, and recommending strategies to lower taxes.

To qualify for inclusion in the Corporate Tax category, a product must:

- Calculate taxes for large-scale financial accounts
- Offer capabilities for filing tax reports
- Provide latest rules and tax rate information for different federal, state, county, and city entities
- Provide custom reporting of current and historical information to support tax reporting and filing

Show More

* * *

## How Do You Choose the Right Corporate Tax Software?

### What You Should Know About Corporate Tax Software

### What is Corporate Tax Software?

This type of software is specially designed for businesses and is not a good option for individuals. While companies of all sizes and from any industry can use it, corporate tax software is usually more beneficial for businesses that need to comply with complex tax regulations across multiple locations and manage large volumes of transactions that are impacted by these regulations.

Buyers considering this type of software should try to evaluate if it is worth the investment. This can be accomplished by estimating the time it takes employees to manage taxes and the total amount of penalties incurred due to noncompliance. A corporate tax solution will only be effective when the time saved by a business outweighs the investment in this type of software.

Another critical factor to take into account when evaluating corporate tax software is the growth of the company and how it will impact its tax-processing activities. For instance, a company that intends to expand into new markets on other continents will need to make sure that the solution chosen helps the business comply with tax regulations specific to the new locations.

### Why Use Corporate Tax Software?

While companies tend to consider tax management a necessary evil and a burden, many businesses are embracing corporate responsibility principles of transparency and accountability to differentiate themselves from competitors.

**Compliance —** There are many penalties that companies may incur for failure to file or failure to pay corporate taxes. Criminal liability is another consequence of noncompliance and can lead to the seizure of assets and even jail time.

Compliance is also crucial for the reputation of a company. Public companies need to be particularly careful when it comes to tax compliance because they are more likely to be subject to scrutiny by shareholders, customers, and the public. Research shows that “compliance is positively related to being publicly traded and in a highly regulated industry so that characteristics that assure public disclosure of information also tend to encourage better tax compliance."

**Accurate financial information —** Aside from the obligation to comply with financial regulations, having accurate financial information is critical to the profitability of a company. Even small changes in taxes can have a significant impact on the revenue of a company when applied to thousands (or tens of thousands) of transactions.

**Avoid tax processing errors —** Tax processing errors are usually caused by inefficient business processes, outdated technology, and poor data quality. Errors can lead to penalties for noncompliance but can also take a lot of time and effort to fix. According to a Deloitte study, tax departments of companies that have not adopted technology spend up to 75% of their time on tax compliance, while businesses who use software can reduce the time spent on compliance to 20%.

**Add economic value and contribute to society —** It is well known that tax money funds most government investments. Corporate responsibility is also becoming a major priority for many companies, mostly due to the pressure of new generations of customers. By accurately managing and filing taxes, companies contribute to the economy and society and forge relationships with customers and consumers based on trust and transparency.

**Take advantage of tax breaks, credits, and exemptions —** Many companies that could benefit from tax breaks are not aware of the rules and procedures required (or are discouraged by their complexity). Corporate tax software can help with providing information on what options are available for each company depending on its size, industry, or other characteristics that may allow them to qualify for tax breaks.

### What are the Different Kinds of Corporate Tax Software?

Like most financial software, this type of software can be delivered in the cloud or implemented on premises; in addition, vendors offer it as a standalone solution or packaged with other software. Each option has pros an cons that buyers need to take into account. As a rule, standalone cloud solutions are more affordable but not very sophisticated, while software suites are more expensive but offer more robust functionality.

### Who Uses Corporate Tax software?

Accounting professionals who are responsible for tax management use this type of software to determine what taxes need to be processed, how, and when.

Executives, such as CFOs and CEOs, use corporate tax software to monitor activities related to tax management and ensure that the company complies with tax regulations.

Independent accountants use this types of software to help their customers with tax management compliance.

### Corporate Tax Software Features

Corporate tax software comes in different flavors, and vendors tend to offer various tools or versions of the same solution for different needs. The features offered can vary by industry or company size and can be categorized into two main groups: basic and advanced functionality.

All corporate tax solutions should cover the essential features described above to qualify for inclusion in this category.

**Basic features:**

Tax rules and rates management functionality is a must for this type of software. It is also important to adjust rates and update rules based on any changes made by local, state, or national governments.

Workflows and schedules allow companies to plan all activities related to tax filing and payment, thus avoiding penalties for noncompliance. This type of functionality also helps users stay organized and productive.

Tax filing features allow users to submit all information and the documents required by law. It should include checklists for each tax category to ensure that everything is ready before filling.

In addition, corporate tax software includes information on tax breaks, how companies can determine if they qualify, and procedures to apply and track applications.

Reporting and analytics features are critical for this type of software because they allow users to track the efficiency of their activities and the accuracy of the tax information.

Reporting and analytics features are critical for this type of software because they allow users to track the efficiency of their activities and the accuracy of the tax information.

**Advanced features:**

Consolidation of tax information from multiple business entities across various locations is vital for medium to large companies.

Risk assessment and management allows businesses to identify and address potential issues that can lead to noncompliance.

Financial consolidation is used to gather tax information from multiple ERP and accounting systems across various locations.

### Trends Related to Corporate Tax Software

While accounting software or accounting modules of ERP solutions usually offer some features for corporate tax management, medium to large companies will probably need advanced features. The main players in the ERP and accounting software sphere include corporate tax features in their offerings, but they focus mostly on large businesses. As a result, the SMB market was underserved for decades, until the cloud and the consumerization of IT allowed smaller vendors to fill this gap.

Most vendors providing ERP and accounting solutions for SMBs now have partnerships with cloud providers of tax management software. This strategy is more beneficial for vendors and their customers than developing new modules or solutions for tax management.

### Potential Issues with Corporate Tax Software

Integration with accounting is critical but isn’t always easy for several reasons. Many companies still use old accounting software that can seldom integrate with corporate tax software, which is often delivered as a cloud model. In addition, the chart of accounts used by companies does not always include GL accounts for all types of taxes. This makes it difficult for companies to match the fields in their accounting system with those used by corporate tax management solutions.

Limited internationalization is a significant issue for companies that expand into new markets and geographical locations. For instance, a company that does business in the U.S. and Canada but also intends to open offices in Europe will not benefit from a corporate tax management solution that only covers North American tax regulations.

The lack of user expertise can impact the adoption of corporate tax software. Despite significant technological advancements, this type of software does not miraculously solve all corporate tax challenges. Its users still need to have the knowledge and experience to understand how to better implement and use the software.

### Software and Services Related to Corporate Tax Software

Corporate tax software is delivered as a standalone solution or as part of a [corporate performance management](https://www.g2.com/categories/corporate-performance-management-cpm) suite. The latter option is more beneficial for medium to large companies but can be too complicated and cumbersome for SMBs. Smaller businesses are more likely to benefit from standalone corporate tax software, which is typically more affordable and easier to use.

Companies of all sizes often choose to outsource tax management operations to independent accountants or financial consulting firms. Businesses that have the expertise to manage local taxes rely on consultants to ensure compliance when expanding into new geographical locations or when entering new markets.