Top tax planning software for financial advisors

Tax planning software helps advisors integrate tax strategies in a client’s financial plan. With the right tool, you can spot tax-saving opportunities, model scenarios, and keep up with changing tax rules.  

In this article, you’ll find our picks for the top tax planning software for financial advisors. We’ll highlight each platform’s key features and capabilities to help you choose the best fit for your firm.   

Tax planning software forms a key part of your advisor tech stack. A reliable platform delivers accurate tax analysis, flexible scenario modeling, and seamless integration with your existing financial tools.    

Our list is divided into two categories: 

• tools specifically designed for tax planning  
• financial planning software with strong tax planning capabilities   

We’ll provide a general overview of the key features and functions. More details can be found on each platform’s website. The list is arranged alphabetically. Pricing details are up to date as of September 2025.   

Top tax planning platforms for financial advisors  

 1. Bloomberg Tax 

Bloomberg Tax (formerly BNA) is a specialized tax planning software built for complex client needs. The platform offers two main tools: Corporate Tax Analyzer for businesses and Income Tax Planner for individuals. The tool is best for advisory firms that handle multi-year projections, advanced scenario modeling, and state-specific tax analysis.  

• Automation: The tool automates federal, state, AMT, and estate tax calculations, including phaseouts and carryovers. The system reduces manual data entry and supports detailed tax return analysis for complex situations. 

• Scenario analysis: You can run multi-year projections for up to 20 years and compare side-by-side scenarios. This lets clients know the long-term impact of capital gains, stock options, and major life changes.  

• Compliance: The tax planning software stays current with tax law changes and regulations. This ensures your calculations and reports reflect the latest rules and provide accurate results.   

• Integrations: Bloomberg Tax connects with many tax preparation systems. 

• Cost: Pricing details are available on request. You can book a free demo through the Bloomberg Tax website.  

 2. Corvee 

Corvee is a tax planning software for financial advisors who serve high-net-worth individuals and business owners with complex needs. The platform offers access to over 1,500 federal and state strategies, making it easy for you to tailor plans for each client.    

• Automation: Corvee uses smart questionnaires and tax return scanning to gather client data and analyze prior, current, and future year tax scenarios. The platform automates calculations for federal, state, and local taxes. 

• Scenario analysis: You can model the impact of more than 1,500 strategies across multiple years and entities. The tool shows how changes in one entity affect others. This helps you optimize legal structures and owner compensation for tax savings.   

• Compliance: Corvee’s team of CPAs and tax attorneys updates the strategy database with new laws and IRS guidance.    

• Integrations: The software integrates with more than 2,000 apps, including tax preparation systems, through Zapier.    

• Cost: Corvee offers a free demo. You can contact the provider for a custom quote based on your firm’s size and needs. 

3. Holistiplan 

Holistiplan is a tax planning platform built for financial advisors who want to quickly analyze tax returns and uncover new planning opportunities. The software uses optical character recognition (OCR) technology to scan Form 1040 and generate detailed tax summaries in seconds.    

• Automation: The tool scans and analyzes tax returns automatically, saving you time on manual data entry. The system highlights key details like marginal tax brackets, capital gains, and Medicare premium tiers. 

• Scenario analysis: Advisors can model Roth conversions, tax-efficient withdrawals, charitable giving, and income changes. The income range calculator helps visualize the tax impact of different financial decisions.   

• Compliance: The platform updates for new tax laws, including changes to standard and itemized deductions.  

• Integrations: Holistiplan integrates with financial planning tools like RightCapital and eMoney Advisor. These connections help you deliver more coordinated advice across your tech stack.   

• Cost: The Basic Tax Plan goes for $1,599 annually for 75 households. The Premium Tax Plan is $1,999 per year for 75 households. A free trial is available so you can test the platform before committing.   

Find out if tax planning software suits your financial advisor tech stack in this guide.   

Financial planning software with strong tax features   

1. eMoney Pro 

eMoney Advisor offers four tiers of financial planning tools, all with tax planning capabilities. These are:  

• eMoney Plus 
• eMoney Pro 
• eMoney Premier 
• eMoney Enterprise 

The Plus tier covers basic functions, while Pro and Premier include comprehensive features. Enterprise plans scale advanced planning tools for large advisory firms.  

The features below are from the Pro plan:   

• Automation: eMoney Pro uses an IRS 1040 calculation engine to model tax liability based on client data. The platform aggregates financial information to streamline data entry and analysis. 

• Scenario analysis: Advisors can use the Interactive Decision Center to model “what-if” scenarios for tax strategies in real time. The software supports advanced scenario modeling for events like Roth conversions and business transitions.  

• Compliance: The tool incorporates the latest tax law changes into its calculation engine. This ensures your tax planning reflects current rules and provides accurate reports.   

• Integrations: eMoney integrates with top CRM tools like Redtail and Wealthbox, as well as risk analytics tools like Nitrogen. It also connects with other financial planning platforms for a seamless workflow.  

• Cost: Pricing details for eMoney Pro and the other tiers are available on request. You can also book a free demo. 

2. Envestnet MoneyGuide 

Envestnet MoneyGuide is a financial planning platform that offers integrated tax planning within its base version, MoneyGuide Pro. For more advanced tax modeling and scenario analysis, you can upgrade to MoneyGuideElite. The platform is designed to help advisors engage clients and visualize the tax impact of their financial decisions.   

• Automation: MoneyGuide Pro streamlines data entry and integrates tax planning strategies into a client’s overall financial plan. The software helps clients see how taxes affect their goals. 

• Scenario analysis: MoneyGuideElite enables dynamic income modeling and detailed tax scenario analysis. The tool allows you to simulate Roth conversions and develop tax minimization strategies for complex client needs.   

• Compliance: The platform incorporates current tax law changes into its planning tools.    

• Integrations: MoneyGuide connects with CRM systems, risk analytics tools, and other financial planning platforms, including eMoney Advisor and RightCapital.    

• Cost: MoneyGuide Pro starts at $1,400 per advisor annually while MoneyGuideElite goes for $2,000 per year. You can book a free demo.    

Bookmark our GoRIA Technology News Section for easy access to the latest news and technological updates.    

3. Moneytree  

Moneytree offers two planning tiers: Moneytree Essential and Moneytree Elite. The Elite software is built for financial advisors who need advanced cash-flow-based tax planning and detailed scenario modeling. It is a strong fit for serving high-net-worth clients with complex tax needs.   

• Automation: Moneytree Elite automates federal tax calculations, including AMT, Social Security, and Medicare. The platform uses different tax rates for ordinary income, capital gains, and other income sources to improve accuracy. 

• Scenario analysis: You can model “what-if” scenarios, Roth conversions, and legacy planning strategies. The transparent calculation engine shows clients exactly how projections are built.   

• Compliance: The software updates for changes in tax law and supports estate planning forecasts.    

• Integrations: Moneytree connects with fpPathfinder for deeper tax and estate planning resources. It also integrates with CRM and financial planning tools for streamlined workflows. 

• Cost: Pricing is available on request. You can book a guided demo and a 14-day free trial. 

4. RightCapital 

RightCapital is a financial planning software solution with integrated tax planning features for advisors who want to deliver tax-sensitive advice. The platform includes tools for Roth conversions, tax strategy analysis, and tax-efficient distribution modeling. Its visual dashboards and seamless integration with financial plans help you explain complex strategies to clients.  

• Automation: RightCapital uses OCR technology to scan and analyze tax returns. Its Tax Strategy Solver feature identifies the five most beneficial tax strategies with one click. 

• Scenario analysis: Advisors can model Roth conversions, tax-loss harvesting, and withdrawal strategies. The platform projects future tax liabilities and shows the impact of different financial decisions.   

• Compliance: The tool updates for new tax laws and integrates tax analysis directly into client plans.    

• Integrations: RightCapital connects with around 50 platforms, including CRM systems, custodians, and portfolio management software.    

• Cost: The Basic Plan starts at $149.95 per advisor monthly. The Premium Plan is priced at $209.95 a month while the Platinum Plan goes for $254.95. You can book a free 14-day trial.    

RightCapital is also among our picks for the best new software and technology solutions for investment professionals. Get the complete details in this special report.  

Selecting tax planning software for financial advisors takes more than just comparing features.  The right platform fits your firm’s workflow, client base, and growth plans. Here’s how you can find the best tax planning tool for your needs.   

Assess your firm’s needs and current processes 

Start by evaluating your client complexity and service model. Make sure the software suits your firm’s size, growth goals, and efficiency needs.   

Evaluate features and capabilities 

Look for scenario modeling, multi-year projections, and OCR analysis of past returns. See if the software updates regularly for tax law changes to ensure compliance.   

Prioritize integration and client experience 

Choose software that connects with your CRM, planning, and portfolio tools. A user-friendly portal and customizable reports improve the client experience.   

Consider costs and support 

Review total costs, including subscriptions and training. Check the vendor’s reputation and ensure responsive customer support is available during tax season.   

Test the software before committing 

Use free trials and demos to see how the software fits your workflow. Involve your team to assess ease of use and the learning curve.  

Choosing the right tax planning software helps your financial advisory firm deliver better advice and scale your business. Take time to compare options and test each platform before making a decision.   

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