ProFile T2 vs Taxmo
ProFile T2
profile.intuit.caTaxmo
taxmo.co.ukSide by side
| Figure | ProFile T2 | Taxmo |
|---|---|---|
| Price from | $99.17/mo | £9.99/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | — | Yes |
| Windows | Yes | — |
| iOS | — | Yes |
| Android | — | Yes |
| API | — | Yes |
| Plans published | 1 | 5 |
| Spec score · Tax Compliance Software | 8.1 (#22) | 8.5 (#9) |
| Free plan | No | Yes |
| Integrations | The product page lists GIFI imports from QuickBooks Online and carry-forward support for DT Max, Cantax, and Taxprep; supported products can vary by module and version. | The accountant platform provides live two-way sync with Xero, QuickBooks and FreeAgent, and calendar deadlines can be exported as an iCal feed. |
| Purpose | ProFile T2 is corporate tax preparation software for T2/CO-17 returns. | Taxmo provides UK bookkeeping and tax software for sole traders, freelancers, contractors, expats and small businesses. |
| Security | The product page says electronic signing uses highly secure encryption technologies to protect client data during signing. | The documentation says traffic uses HTTPS with TLS and HSTS, HMRC OAuth tokens are encrypted with AES-256-GCM, and authentication is passwordless by magic link or Google OAuth. |
| Support | ProFile offers year-round technical phone and chat support, FAQs, in-product live chat, training videos, and webinars. | The Pro plan includes priority support. |
Plans
Taxmo
- FreeFree
- Starter£9.99 a month
- Pro£19.99 a month
- Accountant£14.99 a month
- Accountant£14.99 a month
In their own words
ProFile T2
ProFile T2 is Windows desktop software for preparing corporate T2/CO-17 returns, including amendments and consolidated returns. It supports unlimited returns and batch filing; electronic filing requires CRA EFILE registration. Corporate Linking shares tax information between related corporations and transfers RAC Details between returns. GIFI data can be imported from QuickBooks Online, Excel, and other accounting software, with carry-forward support for DT Max, Cantax, and Taxprep; availability can depend on module and version. The listed library includes over 130 CRA and provincial forms, T3 slips, and worksheets, including business, rental, and farming statements with asset tracking and CCA calculations. A real-time auditor identifies potential errors, indicates their seriousness, and offers correction explanations. Users can back up unlimited files and returns to the cloud and retrieve them later. The free trial includes all modules and features except filing completed returns. The T2/CO-17: Corporate plan is $1,190 a year and includes Québec and one license. Additional licenses cost $195 each for 1–4, $165 each for 5–7, and $145 each for 8 or more. Apple products are not supported.
Taxmo
Taxmo is UK bookkeeping and tax software for sole traders, freelancers, contractors, expats and small businesses. It tracks income and expenses and updates estimates for Income Tax, National Insurance and VAT as entries are added. Paid plans can submit VAT returns to HMRC through the Making Tax Digital API. Taxmo prepares and reviews Self Assessment returns but does not submit them to HMRC; MTD for Income Tax submission is marked as coming soon. Receipt capture extracts supplier, amount, date and VAT from photos and PDFs. Bank imports use read-only, on-demand Open Banking authorization, while CSV statement uploads have no history limit. The accountant platform syncs in both directions with Xero, QuickBooks and FreeAgent, and deadlines can be exported as an iCal feed. Taxmo offers web, iOS and Android apps plus API access; Pro subscribers get a read-only REST API limited to 300 requests per 15-minute window. There is a free plan and a free trial; paid plans start at £9.99/mo, excluding VAT.