Comparison

TaxTool vs myProfit

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

TaxTool

Features
Read full description

A simple and quick tool to lookup the tax due on any taxable amount entered into the calculator for a specific year (from March 2019 to February 2024 ). Specify the age, medical dependants and the pay frequency (weekly, monthly or annual) and tap on the calculate button to produce the resultant tax due. This calculator can be used by anyone wanting to check their payslip or for employers that manually calculate payrolls or want to spot check a computer calculation. Our Software Support Consultants use this tool to check the tax calculated in our various software versions and to do salary structuring or outsourcing tax checks. The calculator adjusts for the relevant tax rebate and tax bracket and computes the correct tax bracket calculations using the tax rates applicable from March 2019 to February 2023. (Please select the tax year for the relevant tax rate) The tax rates tables and additional information can be viewed as a pdf document accessed from the Information button on the top right of the screen. This pdf document is a "Cheat Sheet" of Payroll Legislation and is used daily by Payslip Support Staff for easy reference. If you require payroll software or services, please consider our product offering at shop.payslip.co.za or contact help@payslip.co.za

About

myProfit

Simplify your stock market income tax calculations and track your investment portfolio online. Automatically update your portfolio with real-time quotes and calculate average purchase prices, including all fees. Supports investments in the US and crypto, with automatic B3 integration.

Highlights
  • Income tax calculation for stock market
  • Darf issuance
  • Investment portfolio tracking
  • Average price calculation
  • US investment portfolio tracking
  • Crypto investment tracking
Features
Read full description

myProfit é o aplicativo que simplifica seu IR na bolsa de valores e exibe sua carteira de investimentos online. Veja como te ajudamos: - Imposto de renda: I.R. da Bolsa calculado online, com emissão de DARF. Sem limite de corretoras e com integração automática na B3. - Carteira de investimentos: Patrimônio em renda variável atualizado com cotação online. Mais de 40 corretoras cadastradas. - Preço médio: Cálculo do preço médio, incluindo todas as taxas (corretagem, emolumentos, registro etc). - Investimentos nos EUA: Cliente da Avenue© e outras corretoras internacionais pode acompanhar sua carteira em dólar, com cálculo de I.R. - Investimentos em criptoativos: Investidores de criptoativos podem ter sua apuração de IR e rentabilidade atualizada no aplicativo com integração direta em várias exchanges nacionais e estrangeiras.

Screenshots

TaxTool2 screens
myProfit4 screens

Verdict

The call

The clearest difference is update cadence: myProfit at fortnightly against TaxTool's every 10 months. On price, ads, in-app purchases and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

TaxTool ships an update every 10 months, myProfit fortnightly. The most recent releases landed on October 25, 2026 and November 3, 2026 respectively.

Scorecard1 real difference · 9 level
TaxTool versus myProfit: the parameters behind the verdict, then further details
ParameterTaxToolmyProfit
PriceFreeFree
Rating—4.8 (6 ratings) — better
Positive reviews—30.9% of reviews
Number of ratings—6 — better
Update frequencyEvery 10 monthsFortnightly — better
AdsNoNo
In-app purchasesNoNo
Monetization—Free
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS14.4 — better15.0
Further details — not scored
Size3 MB63 MB
Age rating4++17
DeveloperPAYSLIP SOUTH AFRICA (PTY) LTDAvenue Securities

Bugs and requests

TaxTool

Not enough reviews yet to summarise bugs or requests.

myProfit

Reported bugs

17 issues
  • App does not open after updates
  • App stuck on loading screen
  • Login errors and failures
  • Authentication errors
  • App crashes or freezes
Show 12 more
  • Data synchronization issues with B3
  • Notifications not working
  • Facial recognition login issues
  • App requires re-login frequently
  • Incorrect asset and crypto data
  • Dividend data inconsistencies
  • App does not update portfolio balance correctly
  • Issues with disabling two-factor authentication
  • App freezes the entire phone
  • Error message after facial recognition
  • Automatic PDF note reading not capturing asset transfer fee
  • Push notifications not working for dividends

Requested features

12 requests
  • Add more broker integrations
  • Add dark mode
  • Add 'mark all as read' for notifications
  • Add manual input for asset transfer fee
  • Add quick view for asset quantity and average price
Show 7 more
  • Allow automatic password saving via Face ID
  • Improve notification system
  • Provide live B3 quotes and updated charts
  • Offer a free trial period for premium features
  • Improve app design and interface
  • Show more detailed profitability information
  • Allow manual entry of asset transfer fee

In-app purchases

None

TaxTool

No in-app purchases

None

myProfit

No in-app purchases

Questions

Is TaxTool free?
TaxTool is free to download, with no in-app purchases.
Is myProfit free?
myProfit is free to download, with no in-app purchases.
Do TaxTool or myProfit have ads?
Neither TaxTool nor myProfit shows ads.
Which is updated more often, TaxTool or myProfit?
TaxTool ships an update every 10 months, and myProfit fortnightly. Most recently, TaxTool was updated on October 25, 2026 and myProfit on November 3, 2026.

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