What Is Taxhub?

Taxhub is a platform that matches private accountants with tax filers who want their returns prepared on their behalf. The company is an entirely virtual “tax office” that keeps costs low by keeping the entire operation virtual.

Although tax filing is an old business, Taxhub has some innovative ideas for the space. One unique tool is Taxhub’s automated deduction finder. This allows filers to link their bank accounts so that Taxhub’s algorithms can find deductions. On top of using machine learning, Taxhub emphasizes a clear pricing structure. An online “quiz” helps provide an upfront pricing estimate. Online chats or a quick phone call can clarify additional user questions.

Filers who opt into the service will digitally upload their documents and schedule a video call with their CPA. Once the CPA prepares the return, filers can sign it, and it will be submitted for them.

What Does It Offer?

Taxhub offers dedicated CPAs who prepare individual and business tax returns. Individuals can also sign up for tax consultations. These consultations allow people to engage in basic tax planning or tax prep scenarios. Here's a closer look at how these services work.

Dedicated CPA

Taxhub’s CPAs don't just work for the company -- they own it. This means that tax filers who use Taxhub can opt to use the same CPA year after year. This establishes continuity and makes filing easier each year.

Coaching And Tax Advice

Taxhub’s bread and butter is tax return prep. But the company also offers tax advice. People can pay $39 for each 15-minute consultation.

Here are a few of the things that can be accomplished during a Taxhub CPA consultation:

• Second Look review of self-prepared returns
• Business coaching
• Calculations of quarterly estimated taxes
• Bookkeeping support
• Advice on specific tax issue

In addition to these à la carte CPA consultations, filers who pay $50 extra each year can get unlimited tax consultations during the year. 

Automated Deduction Finder

Taxhub allows users to securely connect to the transaction history in a bank or credit card account. Then its machine learning algorithms can identify eligible deductions from a person’s transaction history. This reduces the amount of time you’ll need to spend preparing documents.

Upfront Pricing

Filers will know how much they will pay for their return before the CPA starts to prepare it. This prevents sticker shock once the return is prepared.

Fully Virtual

No need to mail documents. Taxhub has secure document transfer protocols in place so users can upload documents directly to their CPAs. All meetings are done virtually.

Are There Any Fees?

Tax per for individual returns start at $159 but can increase depending on the complexity of filing. For example, self-employed people who need to file Schedule C will need to pay an extra $100. And if you need to report rental income (Schedule E), you'll pay an additional $125.

Business filings start at $459 but once again can increase. This is the tier that you'll want to choose if you're business is a C or S-corps (Form 1120 and 1120S), partnership, (Form 1065), or trust (Form 1041). Taxhub can also file taxes for business owners that aren't U.S. citizens (requires Form 5472).

To find your exact pricing, select “Customize My Plan” from the pricing page, and check the boxes that apply to you. All plans include tax Audit Defense and a 30-day LifeLock membership for identity theft protection.

How Does Taxhub Compare?

Few large-scale CPA firms operate the way that Taxhub operates. Picnic Tax, Circle CPA, and Community Tax are some of the few competitive virtual CPA firms. Among these, Taxhub has competitive pricing and superior customer service.

Taxhub is the only firm that emphasizes continuity. With Taxhub, you’ll have a dedicated CPA who can provide off-season consultations and yearly returns. The other firms mentioned either use an “Uber” model for matching CPAs and filers or they have huge volume making continuity a challenge.

Taxhub also presses the envelope when it comes to innovation. The deduction finding technology may not be perfect, but it shows dedication to improving the tax filing process.