MeriTrade vs DrakoTax

MeriTrade Mobile App gives you the freedom to stay connected to your investment portfolio anytime, anywhere. Powered by Meristem Stockbrokers Limited, the app provides investors with a secure and convenient platform to trade directly from their mobile devices. With MeriTrade, you get seamless, on-the-go access to equity trading, live stock quotes, real-time balances and portfolio positions, as well as easy account funding and withdrawals — all in one place. Key Features • Secure access to your Meritrade account • Comprehensive portfolio insights • Market overview and stock price tracking • Seamless trade order placement • Inter-member transfers • Easy fund deposits and withdrawals • Fingerprint (biometric) authentication • Dark mode support for comfortable viewing

DrakoTax is Nigeria's most advanced tax management and filing platform, built exclusively for Nigerian individuals, SMEs, and enterprises navigating the FIRS tax ecosystem. Whether you are a salaried employee calculating your PAYE deduction, a business owner remitting VAT through the FIRS ATRS portal, or a company director managing Companies Income Tax obligations, DrakoTax puts the full power of Nigerian tax compliance in your pocket. Everything is done 100% in-app with no browser redirects and no guesswork. TAX FILING - FULLY IN-APP 1. PAYE (Personal Income Tax) File and calculate your Pay-As-You-Earn tax using Nigeria's 6-band progressive tax structure, fully compliant with the Personal Income Tax Act (PITA) 2024 amendment. Input your gross income, claim all eligible reliefs including CRA, pension, NHF, and life assurance, and instantly see your exact FIRS liability with Zenith Bank FIRS payment details generated automatically. 2. VAT / FIRS ATRS (Value Added Tax) Navigate the FIRS Automated Tax and Revenue Service system with our step-by-step in-app filing guide. Register your TIN, obtain your credentials, and submit your 7.5% VAT returns under the VAT Amendment Act (Cap V1 LFN 2004, Finance Act 2023), all without ever leaving the app. 3. CIT (Companies Income Tax) Calculate your company's tax liability using the correct CITA rate. 0% for micro businesses, 20% for small companies, and 30% standard rate, with automatic minimum tax computation at 0.5% of turnover per the Companies Income Tax Act 2007 as amended. 4. WHT (Withholding Tax) Manage monthly WHT remittances with dynamic transaction entry, automatic rate lookup across 9 payment categories, and Remita-ready payment codes for seamless FIRS settlement. SMART FINANCE MANAGEMENT 5. AI Tax Assistant - Ask tax questions in plain English and receive instant, legally grounded answers tailored to the Nigerian tax system. 6. Document Vault - Securely store receipts, invoices, and tax certificates with 5GB of encrypted cloud storage accessible from anywhere. 7. Receipt Scanner - OCR-powered document scanning for automated data extraction, reducing manual entry errors. 8. Income and Expense Tracking - Real-time financial monitoring with intelligent category recognition to keep your books clean and audit-ready. 9. Tax Calendar - Never miss a FIRS deadline again with smart reminders covering all filing cycles throughout the year. 10. Tax Reports and Export - Generate professional PDF tax summaries and export your data directly for your accountant or auditor. BUILT FOR LEGAL COMPLIANCE DrakoTax is grounded in current Nigerian tax legislation including: 11. PITA 2024 - Personal Income Tax Act as amended 12. VATA Cap V1 LFN 2004 - Value Added Tax Act 13. CITA 2007 - Companies Income Tax Act 14. FIRS Act 2007 - Federal Inland Revenue Service Establishment Act 15. Finance Acts 2019, 2020, 2021, and 2023 SUBSCRIPTION PLANS 16. Free Plan - PAYE calculator, up to 10 transactions per month, and basic income and expense tracking. 17. Pro Plan - Unlimited transactions, AI Tax Assistant, Document Vault with 5GB storage, full PAYE, VAT, CIT and WHT filings, tax reports, push notifications, and priority support. 18. Business Plan - Everything in Pro plus multi-user access for up to 5 seats, accountant access portal, API access, custom tax reports, and a dedicated account manager. ENTERPRISE-GRADE SECURITY 19. Face ID and Touch ID biometric authentication for fast, secure access. 20. End-to-end encrypted document storage with no sensitive data held on-device. 21. JWT-secured API with server-side token management. 22. Fully compliant with GDPR and the Nigeria Data Protection Regulation (NDPR). Terms of Service & EULA: https://drakotax.co/terms | Privacy Policy: https://drakotax.co/privacy