5 Tax Software Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Tax Software

Tax software is a helpful digital tool that assists individuals and businesses with managing their tax-related tasks. This includes filing tax returns and calculating tax liabilities.

To start a tax software business, it is important to first understand tax regulations and develop a user-friendly software interface.

Create features that simplify tax preparation, ensure accurate calculations, and comply with tax laws. Effectively market your software to potential users, highlighting its ease of use, efficiency, and reliability for a successful launch.

Here are some real life success stories of starting a tax software:

1. BearTax ($44.4K/year)

Vamshi Vangapally, CEO and Co-founder of BearTax, came up with the idea for his cryptocurrency tax software when he received an email from GDAX informing him that his trades would be reported to the IRS. After searching for a solution and finding expensive and unreliable options, Vamshi and his team built BearTax to help cryptocurrency traders calculate their taxes accurately and efficiently. Since its launch in 2018, BearTax has become one of the top cryptocurrency tax software in multiple countries, serving over 10,000 users worldwide.

How much they make: $44.4K/year
Current team size: 7

How I Built A $0 To $100K/Month Crypto Tax Calculator

BearTax is a cryptocurrency tax software that helps traders consolidate trades and calculate taxes without heavy lifting, serving over 10,000 users across the globe in the US, Australia, Canada and India.

About

Vamshi started BearTax about 6 years ago

Revenue

Vamshi grew the business to $3.7K/month

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Starting A Tax Software: Everything You Need To Know

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4. Intuit

See how the power of Intuit Giants can work for you by joining the over ~50 million people already using TurboTax, QuickBooks and Mint to power their financial prosperity.

Where they're located: Los Angeles, California, USA
Website traffic: 113M/month

5. SourceForge

Free, secure and fast downloads from the largest Open Source applications and software directory - SourceForge.net

Where they're located: Aurora, Colorado, USA
Website traffic: 25.9M/month