Software Alternatives & Reviews

TaxAct VS Xero

Compare TaxAct VS Xero and see what are their differences

TaxAct logo TaxAct

The most complete tax solution for everyone.

Xero logo Xero

Xero is online accounting for your small business.
  • TaxAct Landing page
    Landing page //
    2023-05-09
  • Xero Landing page
    Landing page //
    2023-10-19

Xero

Website
xero.com
$ Details
paid Free Trial $9.0 / Monthly (Send 5 invoices and quotes / Enter 5 bills)

TaxAct videos

TaxAct Review 2019-2020 - Improvements, But Still Higher Priced Than We'd Like To See For The Value

More videos:

  • Review - Taxact Review: Easy way to file taxes online?
  • Review - TaxAct Online 2018 - 2019 Review: Best For Repeat Customers

Xero videos

Xero vs QuickBooks Online 2019

More videos:

  • Review - Xero Accounting Software Review
  • Review - 3 Minute Overview of Xero Accounting Software

Category Popularity

0-100% (relative to TaxAct and Xero)
Tax Preparation
100 100%
0% 0
Accounting
5 5%
95% 95
Business & Commerce
100 100%
0% 0
Bookkeeping
0 0%
100% 100

User comments

Share your experience with using TaxAct and Xero. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare TaxAct and Xero

TaxAct Reviews

What’s the Best Online Tax Preparation Software? TaxAct vs TurboTax vs H&R Block
Price Lock Guarantee. TaxAct offers a price lock guarantee to all customers at sign-up. Once you create your account, you’re locked into TaxAct’s pricing at that moment, even if you leave your return for months and TaxAct raises prices during the intervening period. Since tax prep companies frequently raise prices close to the filing deadline, this is great news for frugal...
TaxAct vs. TurboTax 2018
TaxAct’s audit assistance consists of a FAQ page on its website. But customers can buy audit defense from a partner company called Protection Plus for $49. Coverage includes three years of audit services for this year’s return, and TaxAct says the product will guide you through the audit process, handle IRS and state correspondence on your behalf, help with denied tax...

Xero Reviews

Top 9 NetSuite Alternative Software for Professional Services
Xero offers an accessible, intuitive user experience suitable for smaller companies. However, certain reviewers have noted that the pricing points can be high for the tool’s value. As Xero doesn’t provide end-to-end project management support, investing in a unified platform with Xero integration is something you can consider.
Source: productive.io
5 Best Alternatives to QuickBooks Accounting Software
Easy-to-use dashboard: Both QuickBooks Online and Xero have intuitive dashboards that present all relevant data, including cash flow from all banks. While QuickBooks takes a more sophisticated approach to this, Xero’s style is more streamlined.
The 8 Best QuickBooks Alternatives for Small Businesses
While both QuickBooks and Xero allow for app integration, Xero goes above and beyond with more than 700 app integrations, extending the basic functionality of the application considerably. Apps are available in numerous categories including CRM, e-commerce, time tracking, practice management, payroll, and point of sale.
Source: www.fool.com
7 Best QuickBooks Alternatives for Small Businesses
Xero has three pricing tiers and all of them support unlimited users. If you’re a super small business, the Early plan at $12/month may work for you — just keep in mind you can only enter up to five bills and 20 invoices. However, most small businesses quickly outgrow this package and move up to the $34/month Growing plan. More complex businesses that deal with multiple...
Source: www.fundera.com
20 best accounting software tools
Xero is a free cloud-based online accounting software aimed at small and midsize businesses – it offers an easy way to handle your transactions and run your business.
Source: clockify.me

Social recommendations and mentions

Based on our record, TaxAct seems to be a lot more popular than Xero. While we know about 15 links to TaxAct, we've tracked only 1 mention of Xero. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

TaxAct mentions (15)

  • LPT: Use IRS.gov to file your taxes for free if you make less than $73,000
    I was a loyal customer of taxact.com from about 2002 to sometime around 10 years ago when they just jacked up the prices from $12 or $13 to about $40 or more (I think they got bought over by some other company). I looked around and found FreetaxUSA and stuck with them since. Source: over 1 year ago
  • How hard is it to do small business taxes?
    I wouldn't trust HR block for anything besides W2 returns. Anything that requires more, they usually won't have experience in. I usually don't suggest businesses to DIY. But if you're taxes are relatively small and simple I would use taxact.com. www.freetaxusa.com is an option also, but I don't know how good their business side of it is. I usually suggest that for w2 returns instead of going to HR block. Source: over 1 year ago
  • Tax Prep Software Prior Years
    DIY I would use taxact.com. but this is preparing a return for someone else. so shouldn't be preparing this. partner with a tax pro and outsource the returns. get a cut of the revenue. I think even with 50% of the fee both parties will be happy. Source: over 1 year ago
  • If you have earned income credit because of earned income in 2019 - you can not e-file?
    Helping a friend ...tried to file on taxact.com he had earned income in 2019 but no earned income in 2021 from he sources mentioned below - so taxact says -. Source: over 1 year ago
  • Homeschooling is exponentially better than normal schooling (if you know what you’re doing)
    The following January or February, you'll get a form in the mail called a W-2 detailing how much money you made from that employer during the previous year and how much was automatically withheld for taxes. (If you worked for two employers during the year, you'll receive two separate W-2s in the mail). When you've collected all your W-2 forms, go to taxact.com or turbotax.com (or something similar)*, and pick... Source: almost 2 years ago
View more

Xero mentions (1)

  • I would like some input on accounting software
    Thanks, will you be able to sign me up on South African packages as well? The naming scheme and pricing is different for xero.com/us and xero.com/za. Source: over 2 years ago

What are some alternatives?

When comparing TaxAct and Xero, you can also consider the following products

TaxSlayer.com - Tax preparation software and proud sponsor of Dale Earnhardt, Jr.

FreshBooks - The ideal accounting software for small business owners.

GoSystem Tax RS - GoSystem Tax RS has unmatched web-based tax processing power, is scalable to needs, and is available in a secure online environment.

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

TaxSimple - TaxSimple is a tax returns filing and refund platform that allows users to easily enter all of their data and leave the rest on the platform.

QuickBooks - Business runs better with QuickBooks, the #1 accounting solution for small business.