Accounting · head to head
Bench vs TaxAct

Bench
Accounting
America's largest bookkeeping service for small businesses
- From
- $299/month
- Rated
- -
The short version
- Only TaxAct has a free tier, so it costs nothing to try first.
- Each has a real cost: Bench recent bankruptcy and acquisition by Employer.com creates uncertainty about product roadmap and support continuity; TaxAct free edition available only to approximately 40% of filers
- Prices and features above were last checked on 31 August 2026.
Where they differ
Only the attributes on which Bench and TaxAct actually diverge.
Identical on both: user rating (Not yet rated), category (Accounting).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Bench
- Dedicated bookkeeper
- Monthly financial statements
- Bank reconciliation
- Tax preparation
- Expense categorization
- Stripe
- PayPal
- Square
Only in TaxAct
Nothing recorded that Bench does not also cover.
What people use each for
The jobs each tool is most often brought in to do.
Bench
- Bookkeeping outsourcingnot TaxAct
- Tax preparationnot TaxAct
- Financial reportingnot TaxAct
TaxAct
- Individual tax filingnot Bench
- Self-employed tax preparationnot Bench
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Bench
- Recent bankruptcy and acquisition by Employer.com creates uncertainty about product roadmap and support continuity
- Higher starting cost at $299/month compared to self-service accounting software like Wave or QuickBooks Online
- Requires manual connection of financial accounts and ongoing coordination with bookkeeping team, less automated than software-first solutions
- Tax services limited to US income tax returns; no support for complex entity structures or multi-state taxation
- History of burning through capital rapidly, raising concerns about long-term business sustainability
TaxAct
- Free edition available only to approximately 40% of filers
- Pricing excludes separate state filing fees
- Xpert Full Service pricing available on request only
Pricing, plan by plan
Bench
$299/monthNo published plan breakdown. See the Bench review.
TaxAct
Free- Free EditionFree
- W-2 income
- Unemployment
- Basic credits and deductions
- Deluxe$59.99/tax-year
- All Free Edition features
- Home ownership deductions
- Childcare and dependent care
- Premier$99.99/tax-year
- All Deluxe features
- Investment income and capital gains
- Cryptocurrency reporting
- Self-Employed$109.99/tax-year
- Complete business support
- For contractors, freelancers, and sole proprietors
Which should you pick?
Choose Bench if
- You need dedicated bookkeeper.
- You work on Web, Ios, Android.
- You also want monthly financial statements.
Questions people ask
- Is Bench or TaxAct better?
- Neither clearly leads. Bench starts at $299/month and TaxAct at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Bench or TaxAct?
- TaxAct has a free tier; the other does not. Paid plans start at $299/month for Bench and Free for TaxAct.
- Does Bench or TaxAct run on more platforms?
- Bench runs on Web, Ios, Android. TaxAct runs on Web.
- Can I use TaxAct for free?
- Yes. TaxAct has a free tier, so you can try it without paying. Bench starts at $299/month.
- What is Bench best used for?
- Bench is most often used for bookkeeping outsourcing, tax preparation, financial reporting. Of those, bookkeeping outsourcing and tax preparation are not what TaxAct is typically brought in for.
- What can Bench do that TaxAct cannot?
- Bench covers Dedicated bookkeeper, Monthly financial statements, Bank reconciliation, Tax preparation.
Answered from the vendors’ own pages
Bench: What happened to Bench Accounting?
Bench shut down abruptly on December 27, 2024, filing for bankruptcy in Canada with $65 million in debt. The company was acquired by Employer.com on December 30, 2024, and resumed operations in January 2025 under new ownership.
SourceTaxAct: How much does TaxAct cost?
TaxAct offers a free edition for approximately 40% of filers, Deluxe at $59.99, Premier at $99.99, and Self-Employed at $109.99 per tax year.
SourceBench: What are Bench's current pricing plans?
Bench offers Bookkeeping at $299/month (billed annually) and Bookkeeping + Tax at $599/month (billed annually). Both include automated bookkeeping, real-time financial statements, and a dedicated team of bookkeepers.
SourceTaxAct: Is TaxAct truly free for eligible filers?
Yes, TaxAct's Free Edition is available at no cost for W-2 employees, students, and filers meeting basic income and deduction requirements.
SourceBench: Does Bench include tax preparation services?
The Bookkeeping plan includes monthly bookkeeping and year-end tax-ready financial statements. The Bookkeeping + Tax plan adds one-on-one income tax consulting and annual income tax return filing.
SourceTaxAct: What is the difference between Premier and Deluxe plans?
Premier adds support for investment income, capital gains, cryptocurrency, rental properties, and home sale reporting compared to Deluxe.
SourceBench: How does Bench's bookkeeping work?
Bench combines proprietary software with human bookkeepers. You connect your financial accounts to automate data entry, and Bench's team handles bookkeeping and provides year-end tax-ready statements. Customers can reach their dedicated team within 24 hours.
SourceBench: Can I access real-time financial data with Bench?
Yes, Bench provides real-time reporting, allowing you to access or download updated income statements and balance sheets at any time.
SourceRelated pages
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