Taxfyle review: Online platform connecting individuals and businesses with licensed CPAs and EAs.

What Taxfyle does

Connects individuals and businesses with licensed CPAs and EAs to e-file tax returns and manage monthly bookkeeping.

Taxfyle is an online accounting application that connects individuals, freelancers, and businesses with US-based, licensed CPAs and Enrolled Agents (EAs). The platform allows users to e-file their tax returns, including extended, late, and prior-year returns, and offers monthly bookkeeping services. Users can choose to file taxes for themselves, their business, or coordinate both business and individual filings with a single professional.

Taxfyle emphasizes security, utilizing encryption, SOC 2-compliant controls, two-factor authentication, and anomaly detection to protect user data. The service includes a Maximum Refund Guarantee, promising a refund of their fee if a better outcome is found through another reputable method. While specific tax preparation fees are not published on the site, Taxfyle offers tax advisory services starting at $50 per 30-minute call. There is no free plan or trial mentioned, and the service operates entirely as a paid platform.

• Licensed CPA and EA matching
• Individual and business tax e-filing
• Monthly bookkeeping management
• Tax advisory calls
• Maximum Refund Guarantee
• SOC 2-compliant data security

Our take

Taxfyle is a solid option for individuals and business owners who need professional assistance with their taxes but prefer an online, streamlined process over visiting a traditional accounting firm. It is particularly useful for those with complex situations, such as needing to file both business and personal returns, or those requiring extended or late filings. However, the lack of transparent pricing for tax preparation means users won't know the exact cost until they start the process, which might deter those on a strict budget.