BusinessFinancing.co.uk

Featured* Small Business Accounting Software
 

Wave vs TaxFiler: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Wave or TaxFiler?

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

Wave homepageTaxFiler homepage
 

Wave vs TaxFiler Basics

WaveTaxFiler
Software WebsiteWave WebsiteTaxFiler Website
HMRC MTD StatusNot IncludedIn Development
Who Can Use It?Businesses and Self-employedBusinesses, Accountants, and Self-employed
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, iOSWeb-based application
Note data for this section comes from HMRC here and here

Wave vs TaxFiler Reviews

Wondering if Wave or TaxFiler has better user reviews. We compared them below.

WaveTaxFiler
Trustpilot Rating1.63.8
Number of Trustpilot Reviews126153
iPhone App Rating4.5No Rating
Number of iPhone Reviews5700No Reviews
Android App Rating4.7No Rating
Number of Android Reviews23000No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Wave vs TaxFiler Prices

Which is cheaper Wave or TaxFiler? Here are their prices compared.

Wave pricingTaxFiler pricing

Free Plans & Trials

WaveTaxFiler
Free Plan?YesNo
Free Trial?YesYes
Free Trial Length?30 days30 Days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

WaveTaxFiler
Cheapest Plan Cost Per Month£0.00£11.00
Mid-Tier Plan Cost Per MonthNA£36.00
Top Plan Cost Per MonthNA£236.00
Data taken from each company’s website at the time of writing but may have since changed.

Wave vs TaxFiler Features

Wave featuresTaxFiler features

Wave Basic Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

Wave Software Integrations

  • Zapier

TaxFiler Basic Features

  • 10 clients
  • Single user
  • Statutory Accounts
  • Corporation Tax
  • Self Assessment
  • Individuals
  • Partnerships
  • Trusts & Estates
  • MTD for VAT
  • Bookkeeping Integrations
  • For startup practices

TaxFiler Software Integrations

  • QuickBooks
  • Sage
  • Xero
  • FreeAgent
  • Kashflow

Common Feature Comparison

WaveTaxFiler
Payroll Software IntegrationYesYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesNo
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesNo
Forecast Cash FlowYesNo
Accept and Make Payments In Different CurrenciesYesNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesNo
End of Year FilingsYesNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

WaveTaxFiler
Pros
  • User Friendly
  • Meets Business Needs
  • Pricing
  • User Interface
  • One Stop Shop
  • Ease of use of the system
  • Easy to generate SA302 forms
  • Easy to set up new clients
  • Value for money
Cons
  • Customer Service
  • Expensive
  • Not User Friendly
  • Takes Time
  • Learning Curve
  • Laggy
  • Could be more flexible
  • Not explicitly HMRC MTD tax compliant
  • Limited accounting functions

More Comparisons

Wave vs Capium
Wave vs TaxCalc
Wave vs 123 Sheets
Wave vs Cirrostratus Exedra Ltd
Wave vs IRIS Accountancy Suite

Disclaimer: Businessfinancing.co.uk is a business finance and lending research and information website publisher. We are not a lender, bank, broker and/or other financial institution and as such we are not authorised or regulated by the FCA to offer financial advice. We can't recommend any of the products and/or services featured on the site. Companies are ranked in no particular order and higher ranking does not imply one company is better than another. We work with FCA authorised and regulated firms who may pay us a commission for referring you to them but this has no impact on our content and helps keep this website free to use.



Best Business Bank Accounts · Free Business Bank Accounts · Business Savings Accounts · Business Credit Cards
Blog · About Us · Contact US · Privacy Policy · Terms of Use
Copyright © 2025 BusinessFinancing.co.uk

Registered Office Address:
3rd Floor Great Titchfield House, 14-18 Great Titchfield Street, London, United Kingdom, W1W 8BD
Company number 10490224