Bloomberg Tax vs. Equifax Workforce Solutions vs. Wolters Kluwer Corporate Taxprep

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bloomberg Tax
Score 9.0 out of 10
N/A
Bloomberg Tax is a tax management and automation software suite supporting corporate tax research, calculation, and compliance.N/A
Equifax Workforce Solutions
Score 8.0 out of 10
N/A
Equifax Workforce Solutions brings organizations the information, expertise, and HR solutions they need to help meet their compliance commitments and manage the changes that impact their workforce. Our Verification Services and flagship The Work NumberⓇ database help improve the speed of verifications and the accuracy of decisions that help consumers nationwide.N/A
Corporate Taxprep
Score 10.0 out of 10
N/A
Wolters Kluwer states Corporate Taxprep is the choice of virtually all of Canada’s top accounting firms, the CRA and half of all FP 500 companies, and that is has the most comprehensive collection of federal and provincial forms and tools designed to address complex T2 preparation requirements. It’s Canadian corporate tax software that aims to maximize efficiency, optimize resources and improve the bottom line.N/A
Pricing
Bloomberg TaxEquifax Workforce SolutionsWolters Kluwer Corporate Taxprep
Editions & Modules
No answers on this topic
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Bloomberg TaxEquifax Workforce SolutionsCorporate Taxprep
Free Trial
NoNoNo
Free/Freemium Version
NoNoNo
Premium Consulting/Integration Services
NoNoNo
Entry-level Setup FeeNo setup feeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Bloomberg TaxEquifax Workforce SolutionsWolters Kluwer Corporate Taxprep
Features
Bloomberg TaxEquifax Workforce SolutionsWolters Kluwer Corporate Taxprep
Type of tax
Comparison of Type of tax features of Product A and Product B
Bloomberg Tax
9.3
2 Ratings
17% above category average
Equifax Workforce Solutions
-
Ratings
Wolters Kluwer Corporate Taxprep
5.0
1 Ratings
44% below category average
Sales and Use Taxes8.02 Ratings00 Ratings00 Ratings
Cross-border Taxes10.01 Ratings00 Ratings5.01 Ratings
VAT / GST Taxes10.01 Ratings00 Ratings00 Ratings
Tax Reporting & Compliance
Comparison of Tax Reporting & Compliance features of Product A and Product B
Bloomberg Tax
8.5
2 Ratings
8% above category average
Equifax Workforce Solutions
-
Ratings
Wolters Kluwer Corporate Taxprep
5.4
1 Ratings
37% below category average
Geolocation for Tax Assessment8.92 Ratings00 Ratings00 Ratings
3rd-Party Software Integrations8.01 Ratings00 Ratings00 Ratings
Tax Data Reporting9.12 Ratings00 Ratings9.01 Ratings
Compliance Administration Management8.92 Ratings00 Ratings9.01 Ratings
Tax Document Management8.01 Ratings00 Ratings3.01 Ratings
Complex Tax Scenario Management8.01 Ratings00 Ratings3.01 Ratings
Tax Exemption Processing00 Ratings00 Ratings3.01 Ratings
Best Alternatives
Bloomberg TaxEquifax Workforce SolutionsWolters Kluwer Corporate Taxprep
Small Businesses
TaxJar
TaxJar
Score 8.1 out of 10
PowerDMS by NEOGOV
PowerDMS by NEOGOV
Score 7.1 out of 10
TaxJar
TaxJar
Score 8.1 out of 10
Medium-sized Companies
LOVAT
LOVAT
Score 9.1 out of 10
PowerDMS by NEOGOV
PowerDMS by NEOGOV
Score 7.1 out of 10
LOVAT
LOVAT
Score 9.1 out of 10
Enterprises
ADP SmartCompliance
ADP SmartCompliance
Score 8.6 out of 10
Vibe HCM (discontinued)
Vibe HCM (discontinued)
Score 4.3 out of 10
ADP SmartCompliance
ADP SmartCompliance
Score 8.6 out of 10
All AlternativesView all alternativesView all alternativesView all alternatives
User Ratings
Bloomberg TaxEquifax Workforce SolutionsWolters Kluwer Corporate Taxprep
Likelihood to Recommend
9.0
(2 ratings)
9.0
(4 ratings)
10.0
(1 ratings)
Likelihood to Renew
-
(0 ratings)
-
(0 ratings)
10.0
(1 ratings)
Usability
9.0
(1 ratings)
-
(0 ratings)
-
(0 ratings)
User Testimonials
Bloomberg TaxEquifax Workforce SolutionsWolters Kluwer Corporate Taxprep
Likelihood to Recommend
Bloomberg
The fixed asset software is very advanced for software in general, but it is limited to accounting (GAAP and Tax) fixed assets. Would love to see a more IT user friendly software allowing IT personnel to use a gun to scan the servers and computers, etc. This wouldn't necessarily be a fixed asset as many computer items are too small dollar wise, but it would be a useful feature for IT and accounting to track IT assets by locatoin, user, departmetn, etc. and would be company wide. Another software needed is for company contracts with an ability to send out emails for notifications that a given contract is coming due. Obviously, this would be for contracts and leases but is also useful for accounting and would involve the whole company as there are contracts for rentals, equipment, service maintenance agreements, capital leases, IT contracts, etc.
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Equifax
LawLogix Guardian is well suited for companies who want or need to keep digital I-9 records in a safe and convenient place. LawLogix Guardian also keeps you up to date on all compliance practices for the country or state that you're in, ensuring that you stay compliant to the best of your abilities. One scenario where LawLogix falters is a very specific scenario of hiring minors without a Driver's License. In certain states, items such as report cards can be used in lieu of certain identifying documents. However, there is no accommodation for that in the current I-9 form.
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Wolters Kluwer
Polyvalent and efficient solution suite for tax reporting
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Pros
Bloomberg
  • Research
  • Chart Creations.
  • Help narrow down or identify the exact issue you have.
  • Customer Support through the help line.
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Equifax
  • Immediate access to employee performance
  • Allows only members who are affected and their superiors access to employee performance
  • Keep administration aware of entries with immediate email reminders that an entry has been made on an employee.
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Wolters Kluwer
  • Integration of corporate groups into one entity filing
  • Link with Tax Forms and TaxPrep for Trust and/or Individuals to provide relevant data
  • Multi-users plateform enabling time keeping, documentation of tax positions, etc.
  • Express data entry with a comparison to prior Year
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Cons
Bloomberg
  • Better outlay of the depreciation section, rather see periods vertically, then horizontally. The periods are difficult to move through when you need to see many months in the past or vice-versa.
  • Would love to see an ability to mandate certain fields when creating an asset as every company is different.
  • Would love to see each field have the ability to have it's own pick list, and the pick list that does exist needs to be larger to allow for a longer list rather than just 8-10, then the rest are hidden so you have to move to section 2 to see that continuing list.
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Equifax
  • Credential updates
  • Regulations on screening
  • Some reporting
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Wolters Kluwer
  • A step-by-step process when starting a new business for reporting and permanent data collection? Rather than filling different forms to identify.
  • An automatic connection to tax assessment and warning of issuance of such assessmeent by taxing authorities (when client have given autorization)
  • Link to a payment platform for taxes due
  • Automatic e-mail reminder to client for tax installments due, once client adresse field has been documented
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Likelihood to Renew
Bloomberg
No answers on this topic
Equifax
No answers on this topic
Wolters Kluwer
Very satisfied with the current features.
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Usability
Bloomberg
Overall, it is a good value for the money we pay for it, and it helps our tax process.
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Equifax
No answers on this topic
Wolters Kluwer
No answers on this topic
Alternatives Considered
Bloomberg
I think it is a superior product with more features.
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Equifax
Gusto is great but Equifax Workforce Solutions really helps us manage payroll, HR, benefits, and other employee needs much more seamlessly. We are so glad we made the transition to this platform as it helps keep us organized even more for all of our employee needs! It's been a great decision
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Wolters Kluwer
Suited for complex tax situations.
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Return on Investment
Bloomberg
  • Allowed for very smooth audits
  • User friendly, allows for documentation to be stored, very useful
  • Good audit trail to see what happened.
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Equifax
  • It has helped us digitize our I-9s, including for employees that have been with us for a long time.
  • It helps us ensure compliance to the best of our abilities in case of any audits.
  • It helps us find record in an organized fashion.
  • It helps us verify employment at the beginning of a new hire's employment to avoid any issues down the line.
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Wolters Kluwer
  • Streamline processing of tax conformity
  • Easy to deploy solution
  • Quick learning curve for COOP workterm and students
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ScreenShots