Worried about your next tax audit?
Manual tax processes are risky and time-consuming. It’s easy for compliance details to fall through the cracks when managing everything by hand.
And the consequences can be severe. A single error can trigger costly penalties and damage your company’s reputation with tax authorities.
This anxiety is common for CFOs and tax managers. The constant pressure to maintain perfect accuracy across complex global tax regimes is immense.
The right software solves this by automating your compliance workflows, giving you peace of mind and freeing up your team for strategic work.
In this guide, I’ll review the best corporate tax software available. We’ll look at tools designed to streamline tax calculations and manage audits effectively.
You’ll discover solutions that integrate with your existing ERP systems, reduce manual errors, and help you uphold your company’s compliance standards effortlessly.
Let’s get started.
Quick Summary:
| # | Software | Rating | Best For |
|---|---|---|---|
| 1 | Vertex Inc. → | Global enterprises | |
| 2 | TaxAct → | Small to mid-sized businesses | |
| 3 | Thomson Reuters → | Mid-sized to enterprise firms | |
| 4 | Wolters Kluwer → | Corporate tax professionals | |
| 5 | Drake Software → | Professional tax preparers |
1. Vertex Inc.
Struggling with global tax compliance and audits?
Vertex Inc. offers powerful automation and deep expertise for every transaction, ensuring you remain aligned, adaptive, and audit-ready. This means you can confidently manage complex tax requirements.
Their platform streamlines real-time determination, compliance and audit readiness, minimizing complexity and adapting to changing regulations across your operations.
Achieve continuous compliance with confidence.
Vertex Inc. helps you power smarter decisions, strengthen compliant operations, and fuel sustainable growth. It provides tax-sensitized data to ensure every transaction is accurate and compliant, connecting real-time rates, rules, and exemptions directly to your ERP and financial systems.
This ensures accurate tax determination across products, jurisdictions, and systems, whether you’re processing invoices or managing procurement, without slowing your team down. Vertex also automates invoice and return generation tailored to local regulations, allowing direct submission to tax authorities while maintaining real-time status tracking and minimizing audit exposure.
Furthermore, Vertex integrates with leading ERP, eCommerce, and procurement systems, embedding tax automation directly into your existing workflows for continuous compliance and improved accuracy without disruption.
Build a stronger control over your tax position.
Key features:
- Real-time tax determination ensures accurate calculations across diverse products, jurisdictions, and systems, supporting online sales and procurement without operational slowdowns.
- Automated compliance and reporting streamlines invoice generation and return filings, enabling direct submission to tax authorities and real-time status tracking for global regulations.
- Robust audit and planning tools provide centralized data and full audit traceability, allowing you to understand your tax position and proactively prepare for future scenarios.
Learn more about Vertex Inc. features, pricing, & alternatives →
Verdict: With its comprehensive suite of solutions for data insights, accurate tax determination, and seamless reporting, Vertex Inc. stands out as a strong contender for the best corporate tax software. Its ability to integrate with existing ERP systems and support global e-invoicing mandates helps reduce audit risks and ensures continuous compliance.
2. TaxAct
Struggling with complex corporate tax compliance and audits?
TaxAct provides solutions for business tax filing, including accurate calculations and options for expert assistance. This means you can handle various business tax situations with confidence.
Their software ensures 100% accurate business tax filing, helping you avoid penalties and maintain compliance. This eliminates much of the anxiety around potential non-compliance risks and audit failures.
Here’s your streamlined solution.
TaxAct offers expert support for both personal and business taxes. Additionally, their unlimited access feature connects you with credentialed tax experts, helping you quickly get answers to your questions. This is crucial when evaluating new corporate tax software.
With TaxAct, you can contact experts at any step during your return, as often as needed for guidance. Your questions are answered quickly and accurately, leveraging their 100% U.S.-based, credentialed tax experts. Plus, the platform offers a maximum refund and accuracy guarantee, promising a refund of your purchase price or up to $100K if they’re wrong.
This comprehensive support and guarantees reduce the fear of errors, making your tax process smoother.
TaxAct empowers your compliance.
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Key features:
- Expert Assistance: Provides access to credentialed tax experts for personal and business taxes, offering unlimited sessions and quick, accurate answers to complex tax questions.
- Accuracy Guarantee: Ensures 100% accurate business tax filing, pledging to refund your purchase or pay up to $100K if their software makes an error.
- User-Friendly Interface: Offers a simple, step-by-step tax filing process designed to maximize your refund and simplify even complex corporate tax situations.
Learn more about TaxAct features, pricing, & alternatives →
Verdict: TaxAct is an excellent choice for businesses seeking the best corporate tax software due to its 100% accuracy guarantee, credentialed expert support, and user-friendly interface. It streamlines complex filing processes, minimizes audit risks, and provides critical assistance for diverse corporate tax situations, reducing manual errors and anxiety.
3. Thomson Reuters
Struggling with complex corporate tax compliance and audits?
Thomson Reuters offers solutions designed to reduce inefficiencies, adding greater value to your stakeholders. This includes their ONESOURCE suite for income tax, indirect compliance, and global minimum tax.
You can streamline processes like tax planning and preparation, freeing up your team for more strategic, high-value work. This directly addresses the pain point of information overload and manual errors.
Here’s how they solve it.
Thomson Reuters empowers your company with technology that ensures compliance and enhances your competitive edge. Their offerings, including CoCounsel Tax, Audit, and Accounting, leverage generative AI to help you move faster and accomplish more.
You’ll gain access to tools like ONESOURCE Determination and ONESOURCE Indirect Compliance, which automate sales and use tax, GST, and VAT compliance. These capabilities consolidate spreadsheets into a single, customizable solution, improving tax filing and return accuracy to reduce audit risks and minimize manual errors. Their CoCounsel AI provides professional-grade assistance, backed by authoritative content and industry-leading expertise, helping you navigate complex global tax regimes efficiently.
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Key features:
- AI-powered assistance: CoCounsel Tax, Audit, Accounting uses generative AI to accelerate workflows and provide expert guidance for complex tax matters.
- Comprehensive ONESOURCE suite: Includes ONESOURCE Determination, Income Tax, Indirect Compliance, and Global Minimum Tax for streamlined tax planning, preparation, and provision.
- Automated compliance: Automates sales and use tax, GST, and VAT compliance, consolidating data to improve accuracy and reduce audit risks.
Learn more about Thomson Reuters features, pricing, & alternatives →
Verdict: Thomson Reuters is a powerful contender for best corporate tax software, offering advanced AI capabilities and comprehensive ONESOURCE solutions. These features directly address the challenges of complex compliance, audit support, and integration, helping mid-sized to enterprise-level companies reduce errors, enhance efficiency, and maintain a competitive edge.
4. Wolters Kluwer
Struggling with corporate tax compliance and audits?
Wolters Kluwer provides robust tax and accounting solutions designed to drive productivity and manage audits effectively. This means you can maintain compliance and streamline processes.
Their corporate tax software provides direct and indirect tax solutions to unify tax and financial data. This simplifies complexities.
Here’s how Wolters Kluwer helps.
Their CCH Tagetik solution offers AI-powered software for extended planning, financial close, and consolidation, including corporate tax. This enables your team to achieve accuracy and compliance by unifying tax and financial data across diverse systems and jurisdictions, reducing manual errors and audit risks. Additionally, their audit management and assurance solutions automate internal audit processes, enhancing your team’s judgment and client understanding. Plus, AI-powered research solutions seamlessly integrate into your workflow, providing trusted answers to tax and audit questions faster, elevating your advisory services with total confidence. The result is streamlined compliance and confident decision-making.
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Key features:
- AI-powered solutions: Utilizes AI for enhanced productivity, automated complex tasks, and smarter decision-making in tax and accounting workflows.
- Unified data management: Connects direct and indirect tax software solutions to unify tax and financial data across various systems and global jurisdictions for accuracy.
- Audit and compliance tools: Offers best-in-class audit software and comprehensive solutions to streamline preparation, enhance auditor judgment, and manage compliance.
Verdict: Wolters Kluwer offers a comprehensive suite of solutions tailored for corporate tax professionals, leveraging AI to automate calculations and unify data, making it a strong contender for the best corporate tax software. Their offerings help mitigate compliance risks, streamline audit processes, and support efficient scaling for global tax regimes.
5. Drake Software
Struggling with complex corporate tax compliance and audits?
Drake Software offers comprehensive tax preparation capabilities, specifically “Drake Tax,” which streamlines your workflows. This means your team can focus on serving clients and growing your practice instead of manual tasks.
Their software features fast calculation results and hundreds of accuracy checks to help you avoid compliance pitfalls and potential audit issues. It truly powers your tax practice.
Here’s how Drake Software helps.
It offers customizable program options, allowing you to adapt the software to your specific corporate tax needs. This comprehensive product equips your office with robust tools for tax return preparation and e-filing.
You can streamline your entire tax workflow with integrated features like Drake Portals for secure file exchange and Drake E-Sign for digital signatures, eliminating paper processes. Additionally, Drake Pay allows you to manage payments efficiently, including credit, debit, ACH, and contactless options, typically getting you paid in two business days. Plus, the integrated Drake Accounting suite handles bookkeeping, payroll, and financial statements, providing a complete solution.
The result is increased productivity and improved financial management for your business.
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Key features:
- Comprehensive Tax Preparation: Offers fast calculation results, hundreds of accuracy checks, and customizable options for efficient tax return preparation.
- Integrated Productivity Tools: Includes Drake Portals for secure document exchange, Drake E-Sign for digital signatures, and Drake Pay for streamlined payment processing.
- Full Accounting Suite: Provides Drake Accounting for managing bookkeeping, payroll, and financial statements, consolidating your financial operations.
Learn more about Drake Software features, pricing, & alternatives →
Verdict: Drake Software is a powerful, feature-rich solution that stands out as a best corporate tax software option, especially for professional tax preparers. Its comprehensive tax preparation, integrated productivity tools, and full accounting suite address crucial pain points for CFOs and tax managers, ensuring streamlined compliance and audit readiness.
6. Intuit
Struggling with complex corporate tax compliance?
Intuit offers specialized tax software solutions designed to simplify your accounting and compliance needs. This means you can confidently manage financial operations.
You will find that Intuit provides powerful tools like Lacerte Tax, ProConnect Tax, and ProSeries Tax. These are tailored for accountants and businesses.
This addresses your compliance challenges directly.
Intuit solutions are specifically engineered to streamline your tax processes. This includes accounting software and payroll functionalities.
These robust offerings help you handle everything from invoicing to time tracking. You can even secure term loans or lines of credit, making it easier to manage your business finances comprehensively.
Additionally, Intuit supports various business sizes, from solopreneurs to larger companies, with products like QuickBooks and Mailchimp. This integrated ecosystem ensures you have the right tools for managing diverse financial aspects, reducing manual errors and improving audit readiness.
Your compliance journey becomes clearer and simpler.
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Key features:
- Comprehensive Tax Software: Provides Lacerte Tax, ProConnect Tax, and ProSeries Tax, designed for accurate and efficient corporate tax preparation and filing.
- Integrated Financial Management: Includes QuickBooks for accounting, payroll, invoicing, and time tracking, ensuring a unified system for all your financial operations.
- Business Growth Support: Offers access to term loans and lines of credit through QuickBooks, helping your company manage cash flow and pursue growth opportunities.
Learn more about Intuit features, pricing, & alternatives →
Verdict: Intuit stands out as a strong contender for the best corporate tax software due to its comprehensive suite of integrated solutions. With specialized tax products for accountants and robust financial management tools, it streamlines compliance, reduces manual effort, and supports diverse business needs. Its offerings directly address the complexities of corporate taxation, helping you uphold compliance.
7. Avalara
Struggling with corporate tax compliance and audit risks?
Avalara helps your business increase efficiency and accuracy by automating tax compliance across various types. This means less manual effort for your accounting team.
Their comprehensive solutions address complex tax challenges, from sales and use tax to VAT and property tax, ensuring your business stays compliant globally. This allows you to focus on growth.
Here’s how to manage global tax confidently.
Avalara simplifies vendor management and enables streamlined customer experiences worldwide. Their flagship AvaTax service handles tax calculation for sales and use tax, VAT, GST, and customs duties.
You can automate VAT return preparation, filing, and compliance, while also managing exemption certificates for tax-exempt sales. This comprehensive approach reduces the risk of missed compliance updates and audit failures. Additionally, Avalara integrates with over 1,400 popular ERPs, accounting systems, and e-commerce platforms like NetSuite and SAP, ensuring seamless integration with your existing financial systems for simplified workflows, allowing for real-time monitoring of tax obligations.
The result is greater audit preparation efficiency.
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Key features:
- Automated Tax Calculations: Accurately calculates sales and use tax, VAT, GST, and customs duties across 75+ countries to ensure global compliance for your transactions.
- Comprehensive Compliance Management: Streamlines sales tax returns, property tax, and provides self-assessment for buyer-owed taxes, reducing manual errors and audit risks.
- Seamless System Integrations: Connects with over 1,400 business applications, including ERPs and e-commerce platforms, ensuring smooth data flow and eliminating implementation disruptions.
Learn more about Avalara features, pricing, & alternatives →
Verdict: Avalara stands out as an excellent option for the best corporate tax software, especially for mid-sized to enterprise-level companies. With solutions that automate tax calculations and returns, integrate with your existing systems, and improve audit preparation efficiency by 85%, Avalara helps reduce compliance risks and manual errors, which means you can scale efficiently.
8. Corptax
Is managing corporate tax compliance overwhelming your team?
Corptax offers a comprehensive solution for the entire corporate tax lifecycle, streamlining provision, compliance, and global minimum tax. This means you can achieve total transparency and instant data access.
The software helps you automate calculations and data dependencies, ensuring accuracy and saving valuable time. You can significantly reduce your audit risks.
Here’s how to simplify tax operations.
Corptax provides a single solution for all your tax needs, from domestic compliance to U.S. international and global minimum tax requirements. This helps your team anticipate global tax changes and understand complex data dependencies.
The system features instant RTP and predictive analytics for provision, supporting both GAAP and IFRS, while also automating adjustments and apportionment for U.S. compliance. You can leverage data-driven reviews to ensure accuracy. Additionally, Corptax helps you calculate top-up taxes and safe harbors, auto-generate GIR and local filings, and evaluate, calculate, and comply with global minimum tax rules. Plus, it offers powerful analytics and planning tools.
Build and share high-value intelligence.
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Key features:
- Total transparency and instant data access: Provides a single system architecture that ensures full data governance throughout the corporate tax lifecycle.
- Automated calculations and data dependencies: Simplifies domestic and international compliance by automating complex calculations, adjustments, and apportionment across various reporting requirements.
- Global minimum tax readiness: Offers a complete solution to calculate top-up taxes, auto-generate GIR and local filings, and ensure compliance with global minimum tax regulations.
Learn more about Corptax features, pricing, & alternatives →
Verdict: Corptax stands out as a strong contender for the best corporate tax software, especially for mid-sized to enterprise-level companies. Its single solution approach, robust automation for provision and compliance, and specialized global minimum tax capabilities, as highlighted by clients like Farmers Insurance Group, ensure your team can focus on strategic analysis rather than manual errors.
Conclusion
Worried about upholding tax compliance?
Choosing the right tool is overwhelming. You’re balancing complex integration needs, scalability, and the constant fear of making a costly wrong choice for your company.
The good news is technology is catching up. AI-powered automation has reduced errors in data entry and reconciliation. This innovation directly counters the risks from constantly evolving tax regulations.
So, which tool should you choose?
Based on my extensive review, Vertex Inc. stands out clearly. It directly tackles the complexities of global tax requirements, ensuring your enterprise is always audit-ready.
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I was impressed by its real-time tax determination, which integrates into your ERP. This is the best corporate tax software for ensuring accuracy without slowing you down.
I highly recommend you see it for yourself. Book a free demo of Vertex Inc. to understand its full impact on your operations.
Achieve total confidence in your compliance.
