TaxSmart

What TaxSmart does

TaxSmart Inc is a privately held, founder-owned tax preparation and cloud bookkeeping services firm founded in 2016 by Bianca Bonilla, who previously spent a decade as a corporate bookkeeper and tax specialist at H&R Block. The company is headquartered in downtown Santa Ana, California, and serves individual taxpayers, freelancers and self-employed professionals, small business owners, and startup entrepreneurs across the United States through a virtual-first, direct-to-consumer service model supplemented by an optional walk-in office.

The firm's core offering is a menu of tiered, flat-rate tax preparation packages ranging from $170 (Single and Savy) to $2,050 (The TaxSmart C-Corp), covering individual, student, family, freelance, LLC, S-Corp, and C-Corp returns, plus a $848 Startup Package bundling taxes with Xero setup and HubDoc document management. Recurring revenue is generated through three weekly bookkeeping subscription tiers (Essential $175, Advanced $250, Elite $550), with the Elite package bundling free corporate and personal tax preparation. The underlying technology backbone is the Xero cloud accounting platform, around which TaxSmart has built a Certified Xero Silver Partner practice integrated with HubDoc, Bill.com, Receipt Bank, Gusto, and Square, providing 24/7 client access to financial records, automated bank feeds, document capture, AP/AR management, payroll, and POS-to-accounting connectivity.

The business makes money through transactional tax prep fees sold via an e-commerce tax shop, weekly recurring bookkeeping subscriptions, and cross-sell from bookkeeping into tax preparation. Go-to-market combines direct online sales, content marketing via Xero tutorial resources, social media presence, customer testimonials and Yelp reviews, referrals, and the Xero partner channel. There are no external investors, no funding rounds, no M&A activity, and no AI capabilities documented; operations remain centered on the founder and a small team of accounting professionals.

Name

TaxSmart

Legal name

TaxSmart Inc

Website

https://taxsmartinc.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

TaxSmart is a founder-owned virtual tax preparation and cloud bookkeeping firm serving individual taxpayers, freelancers, and small business owners with flat-rate tax packages and weekly recurring bookkeeping subscriptions built on Xero and integrated partner tools.

Ownership category

akta.pro rank

Product category

Tax Preparation and Bookkeeping Services

NAICS

Tax Preparation Services (541213), Other Accounting Services (541219)

SIC

Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Tax Planning & Personal Tax Optimization Tools (FSAGADAJ)

Keywords

• Tax preparation services
• Cloud bookkeeping services
• Small business accounting
• Individual tax filing
• Business entity taxes

Headquarters

HQ city

Newport Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Tax Preparation Services: One-time fee tax preparation services sold through an e-commerce storefront. Services range from individual tax returns ($170-$435) to business entity returns including LLC ($850), S-Corp ($1,550), and C-Corp ($2,050). Revenue is transactional with no recurring component per return.
2. Bookkeeping Subscription Packages: Weekly recurring subscription packages for ongoing bookkeeping services: Essential ($175/week), Advanced ($250/week), and Elite ($550/week). Elite package includes free corporate tax preparation creating upsell opportunity from bookkeeping to tax services.
3. Startup Package Bundle: Comprehensive startup package ($848) bundling personal federal and state taxes, Xero cloud accounting software subscription, 1 hour bookkeeping and tax planning session, and HubDoc document collection. One-time purchase targeting new entrepreneurs.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

TaxSmart provides flat-rate tax preparation services for individuals, freelancers, and business entities (LLC, S-Corp, C-Corp), delivered virtually through cloud accounting platforms. The company also offers recurring weekly bookkeeping subscription packages (Essential, Advanced, Elite) bundled with Xero or QuickBooks Online, HubDoc, Bill.com, and Receipt Bank, plus ancillary services such as tax planning, audit representation, ITIN applications, sales tax, and estate tax services.

Product overview

TaxSmart offers a unified tax preparation and cloud accounting service platform. The core offering includes tiered tax preparation packages for individuals (Single and Savy at $170, The Student at $270, Freelance at $410, Happy Families at $435, The Entrepreneur at $550) and businesses (The TaxSmart LLC's at $850, The TaxSmart S-Corp at $1,550, The TaxSmart C-Corp at $2,050), plus a Startup Package For Entrepreneurs at $848 combining taxes with Xero cloud accounting setup and HubDoc document management. These are supplemented by three recurring bookkeeping service tiers: Essential ($175/week), Advanced ($250/week), and Elite ($550/week). The Elite package includes free corporate tax preparation and provides comprehensive accounts receivable/payable management. All bookkeeping services are powered by Xero (or optionally QuickBooks Online), with integrations to HubDoc, Bill.com, Receipt Bank, Gusto, and Square. The company also offers ancillary services including tax planning, audit representation, ITIN applications, sales tax, and estate tax services. TaxSmart positions itself as a virtual-first provider using the latest cloud accounting technology to serve entrepreneurs and location-independent workers.

Differentiator

Problem solved

Functional benefit

Products and services

• Single and Savy Individual tax preparation package for single taxpayers at federal and California state level, covering W2 income. Base price of $60 federal plus $60 state, with total package price of $170.
• The Student Student tax preparation covering federal base, school credits, and student loan interest deductions. Priced at $270.
• Happy Families Family tax preparation covering federal and state returns, including home owner deductions, W2 income up to 4 forms, child tax credit, earned income credit, home mortgage interest, and child care credit. Priced at $435.
• Freelance Self-employed tax preparation covering W2 income up to 3 forms, 1099-Misc up to 3 forms, Schedule C EZ, and home mortgage interest. Priced at $410.
• The Entrepreneur Small business tax preparation covering 1099-Misc up to 5 forms, Schedule C, income statement reporting, and asset depreciation up to 5 items. Priced at $550.
• The TaxSmart LLC's LLC tax preparation with financial statement income reporting. Priced at $850.
• The TaxSmart S-Corp S-Corporation tax preparation with financial statement income reporting, K-1 generation, and asset depreciation. Priced at $1,550.
• The TaxSmart C-Corp C-Corporation tax preparation with financial statement income reporting, K-1 generation, and asset depreciation. Priced at $2,050.
• Startup Package For Entrepreneurs Comprehensive startup package including personal federal and state taxes, Xero cloud accounting software setup, 1-hour bookkeeping and tax planning session, and HubDoc document collection. Priced at $848.
• Essential Bookkeeping Package Weekly bookkeeping package at $175 featuring 3 hours training and support, free mobile app, cloud accounting software subscription (Xero or QBO, HubDoc, Receipt Bank), unlimited document storage, monthly bank reconciliation up to 3 accounts, monthly P&L report, dedicated bookkeeping expert, and monthly meeting and review. Includes 25% discount on tax preparation.
• Advanced Bookkeeping Package Weekly bookkeeping package at $250 featuring 5 hours training and support, monthly bank reconciliation up to 10 accounts, and sales tax preparation and filing. Includes 50% discount on tax preparation.
• Elite Bookkeeping Package Weekly bookkeeping package at $550 featuring 10 hours training and support, full cloud accounting software suite (Xero or QBO, HubDoc, Bill.com, Receipt Bank), accounts receivable and payable management, full-time virtual bookkeeper, weekly bank reconciliation up to 10 accounts, quarterly tax filing (federal, state, local), monthly business performance analysis. Includes free corporate and personal tax preparation.
• Tax Planning Services Tax planning services working with clients to forecast tax returns and make strategic choices to reduce tax bills while growing their business.
• Audit Assistance & Representation IRS audit assistance and representation services, from submitting missing tax documents to representing clients in front of IRS examiners.
• ITIN Number Application Assistance with Individual Taxpayer Identification Number (ITIN) applications and filing of pending tax returns.
• Sales Tax Services Sales tax guidance for domestic and international sales, including collection, filing, and payment complexities.
• Estate Tax Services Estate tax filing assistance and estate planning services for navigating tax requirements when a loved one passes away.
• Cloud Accounting Services Cloud-based accounting services using Xero platform, providing 24/7 access to financial records, real-time data insights, and automated workflows with bank and credit card connectivity.

Quantifiable outcome

• Tax preparation fees guaranteed at least $50 less than national chains
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• XerocoreTechnology or IntegrationXero is a cloud accounting software platform that TaxSmart uses as its primary technology backbone. TaxSmart is a Certified Xero Silver Partner, providing Xero setup, conversion, and ongoing bookkeeping services. The partnership enables TaxSmart to offer integrated tax and accounting solutions with 24/7 financial data access, automated bank feeds, and real-time reporting capabilities.
• HubDoccoreTechnology or IntegrationHubDoc is a document collection and management platform integrated with Xero that enables automatic receipt and document capture. TaxSmart includes HubDoc in its Startup Package and bookkeeping packages, allowing clients to organize receipts and supporting documents in one central location for tax preparation and bookkeeping purposes.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Intuit TurboTax: Dominant DIY tax preparation software platform owned by Intuit (which also owns QuickBooks Online). Competes with TaxSmart's individual tax packages and QuickBooks Online offering, but at the self-serve end of the market.

Direct peers

• Bench: Tech-enabled virtual bookkeeping and tax preparation service for small businesses, combining cloud software with dedicated bookkeepers. Closely comparable to TaxSmart's Elite bookkeeping + bundled tax model.
• 1-800Accountant: Virtual accounting and tax preparation service for small businesses and individuals, delivered remotely with year-round access. Directly mirrors TaxSmart's virtual-first, SMB-focused service model.
• KPMG Spark: Virtual bookkeeping service for small businesses leveraging cloud accounting platforms (including Xero-adjacent ecosystems), bundled with optional tax services. Closely aligned with TaxSmart's recurring bookkeeping model.
• Jackson Hewitt: National tax preparation chain competing head-to-head with TaxSmart on individual and small business returns. Comparable product set with retail + virtual delivery.
• Pilot.com: Outsourced bookkeeping, tax, and CFO services for startups and SMBs, using cloud accounting platforms. Targets a similar customer segment with a bundled tax + bookkeeping offering comparable to TaxSmart's Startup Package and Elite tier.
• H&R Block: Largest US tax preparation chain offering individual and small business tax services. TaxSmart's founder came from H&R Block, and TaxSmart explicitly positions against it on price and personalized service — directly comparable product set.
• Liberty Tax: National tax preparation franchise competing on individual and small business returns with seasonal storefronts and online offerings. Listed explicitly by TaxSmart as a benchmark competitor in its low-price guarantee.

Emerging players

• Found: Banking + bookkeeping + tax tools built specifically for self-employed individuals and small business owners. Competes with TaxSmart's self-employed tax + bookkeeping bundles via an integrated software platform.
• Keeper: AI-powered tax filing service for individuals with W-2, freelance, and small business situations. Targets the same freelance/self-employed segment as TaxSmart's Freelance and Entrepreneur packages with a software-led approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/TaxSmart_Inc
• Facebookfacebook.com/taxsmart
• Instagraminstagram.com/taxsmart_inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TaxSmart