TaxFiler vs Federation of Small Businesses MTD: Which Is Better Accounting Software?

We compare them based on real user reviews, prices and what features they both offer.

TaxFiler vs Federation of Small Businesses MTD Basics

	TaxFiler	Federation of Small Businesses MTD
Software Website	TaxFiler Website	Federation of Small Businesses MTD Website
HMRC MTD Status	In Development	In Development
Who Can Use It?	Businesses, Accountants, and Self-employed	Businesses
HMRC Listed Features	None	None
Platforms	Web-based application	Web-based application, Android, and iOS

Note data for this section comes from HMRC here and here

Wondering if TaxFiler or Federation of Small Businesses MTD has better user reviews. We compared them below.

	TaxFiler	Federation of Small Businesses MTD
Trustpilot Rating	3.8	No Rating
Number of Trustpilot Reviews	153	No Reviews
iPhone App Rating	No Rating	No Rating
Number of iPhone Reviews	No Reviews	No Reviews
Android App Rating	No Rating	No Rating
Number of Android Reviews	No Reviews	No Reviews

Please note ratings we’re accurate at the time of writing but may have since changed

Which is cheaper TaxFiler or Federation of Small Businesses MTD? Here are their prices compared.

	TaxFiler	Federation of Small Businesses MTD
Free Plan?	No	Yes
Free Trial?	Yes	No
Free Trial Length?	30 Days	No

Data taken from each company’s website at the time of writing but may have since changed.

	TaxFiler	Federation of Small Businesses MTD
Cheapest Plan Cost Per Month	£11.00	£8.40
Mid-Tier Plan Cost Per Month	£36.00	£16.80
Top Plan Cost Per Month	£236.00	£30.00

Data taken from each company’s website at the time of writing but may have since changed.

Not Listed

	TaxFiler	Federation of Small Businesses MTD
Payroll Software Integration	Yes	No
Track VAT	Yes	Yes
VAT Filing	Yes	Yes
Real-Time Financial Reports	No	No
Prepare Self Assessment	Yes	Yes
Income Tax Estimates	Yes	Yes
Manage Income & Expenses	Yes	Yes
Create Invoices	No	Yes
Forecast Cash Flow	No	No
Accept and Make Payments In Different Currencies	No	No
Employee Time Tracking	No	Yes
Projects	No	No
Bank Feed Integration	No	Yes
End of Year Filings	No	No
Capture Bills And Receipts	Yes	Yes
Bulk Reconcile Transactions	No	Yes
Track Inventory & Stock Levels	No	No

	TaxFiler	Federation of Small Businesses MTD
Pros	Ease of use of the system Easy to generate SA302 forms Easy to set up new clients Value for money	Free plan MTD VAT compliant Create simple or multi-line estimates
Cons	Laggy Could be more flexible Not explicitly HMRC MTD tax compliant Limited accounting functions	Lack of reviews