Softwr

Accounting · head to head

Soldo vs TurboTax

Soldo logo

Soldo

Accounting

Prepaid company card and spend control platform for European businesses

From
£21/month
Rated
-
Full reviewWebsite
TurboTax logo

TurboTax

Accounting

File yourself with clear, step-by-step tools, or hand it to an expert

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only TurboTax has a free tier, so it costs nothing to try first.
  • Each has a real cost: Soldo cards are prepaid, so if the central wallet runs low the cards decline in front of a supplier, and treasury has to keep an idle float funded rather than using a credit line.; TurboTax pricing varies significantly based on tax complexity and filing date
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Soldo and TurboTax actually diverge.

Attributes where Soldo and TurboTax differ
AttributeSoldoTurboTax
Starting price£21/monthFree
Pricing modelPer user per monthfreemium
Free tierNoYes
PlatformsWeb, iOS, AndroidWeb

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 Soldo

  • Prepaid company cards
  • Card-level budgets
  • Receipt capture
  • Accounting export
  • Multi-currency wallets
  • Approval workflows

Only in TurboTax

Nothing recorded that Soldo does not also cover.

What people use each for

The jobs each tool is most often brought in to do.

Soldo

  • A construction firm giving site managers fuel and materials cards with hard per-card limitsnot TurboTax
  • A marketing team issuing virtual cards per subscription so a cancelled tool cannot keep billingnot TurboTax
  • A UK company that cannot get approved for a credit-based corporate card programmenot TurboTax
  • A multi-entity European business needing EUR and GBP wallets without conversion on every purchasenot TurboTax

TurboTax

  • Individual tax filing for US residentsnot Soldo
  • Complex tax scenarios requiring multiple schedules and formsnot Soldo
  • Expert assistance or full tax preparation servicesnot Soldo

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Soldo

  • Cards are prepaid, so if the central wallet runs low the cards decline in front of a supplier, and treasury has to keep an idle float funded rather than using a credit line.
  • The plan fee covers only three users, and per-user charges plus physical card fees mean the real monthly cost is several times the advertised headline for a team of twenty.
  • It does not extend credit, so it gives no working capital benefit and no card rewards of the kind US charge card issuers use to offset their cost.
  • Sole traders and some business types are not accepted, which catches out small consultancies expecting to sign up online.
  • Coverage is European; a company with US or Asian subsidiaries will need a second card programme and a second expense workflow for them.

TurboTax

  • Pricing varies significantly based on tax complexity and filing date
  • Final price determined at filing time, subject to change without notice
  • Additional state return fees apply beyond federal pricing

Pricing, plan by plan

Soldo

£21/month
  • Standard$21/month
    • Three users included
    • Around £7 per additional user per month
    • Physical card issuance fee around £5, virtual around £1
  • Plus$33/month
    • Three users included
    • Around £11 per additional user per month
    • Advanced approval and multi-currency features
  • Enterprise$undefined/month
    • Quoted pricing
    • Custom card volumes and entity structures
    • Dedicated account management

TurboTax

Free
  • Free EditionFree
    • Simple Form 1040 returns only (~37% of taxpayers eligible)
  • Deluxe$59/one-time
    • Anticipated price, for more complex tax situations
  • Premium$79/one-time
    • Anticipated price, for complex tax scenarios with additional schedules
  • Expert Full Service$null/one-time
    • Custom pricing based on tax situation, forms required, and filing date

Which should you pick?

Choose Soldo if

  • You need prepaid company cards.
  • You work on Web, iOS, Android.
  • You also want card-level budgets.
Soldo review

Choose TurboTax if

  • You want to start without paying.
TurboTax review

Questions people ask

Is Soldo or TurboTax better?
Neither clearly leads. Soldo starts at £21/month and TurboTax at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Soldo or TurboTax?
TurboTax has a free tier; the other does not. Paid plans start at £21/month for Soldo and Free for TurboTax.
Does Soldo or TurboTax run on more platforms?
Soldo runs on Web, iOS, Android. TurboTax runs on Web.
Can I use TurboTax for free?
Yes. TurboTax has a free tier, so you can try it without paying. Soldo starts at £21/month.
What is Soldo best used for?
Soldo is most often used for a construction firm giving site managers fuel and materials cards with hard per-card limits, a marketing team issuing virtual cards per subscription so a cancelled tool cannot keep billing, a uk company that cannot get approved for a credit-based corporate card programme, a multi-entity european business needing eur and gbp wallets without conversion on every purchase. Of those, a construction firm giving site managers fuel and materials cards with hard per-card limits and a marketing team issuing virtual cards per subscription so a cancelled tool cannot keep billing are not what TurboTax is typically brought in for.
What can Soldo do that TurboTax cannot?
Soldo covers Prepaid company cards, Card-level budgets, Receipt capture, Accounting export.

Answered from the vendors’ own pages

Soldo: Is Soldo a credit card?

No. It is prepaid electronic money. You fund a wallet and cards spend from it, so there is no credit line and no interest-free period.

TurboTax: How much does TurboTax cost?

TurboTax offers a free option for simple returns (~37% of filers), Deluxe at $59, Premium at $79, and Expert Full Service with custom pricing determined at filing time. Actual prices are subject to change and vary based on tax situation complexity.

Source
Soldo: What licence does Soldo hold?

Soldo is authorised as an electronic money institution, including UK, Irish and Italian entities, which is why it can issue cards without a sponsor bank in those markets.

TurboTax: Is there a free version of TurboTax?

Yes, TurboTax Free Edition is available at no cost for simple Form 1040 returns. Eligibility is limited to approximately 37% of taxpayers with straightforward tax situations.

Source
Soldo: What does it really cost for twenty users?

Take the plan fee, add the per-user rate for the seventeen users beyond the included three, then add card issuance fees per physical card.

TurboTax: What extra fees apply when using TurboTax?

State return preparation requires additional fees beyond federal pricing. Price adjustments also apply based on the version selected and the date you file or e-file, as stated in TurboTax terms.

Source
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