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3 Business Tax Software Packages to Consider

Business Tax Software: Mini Review

computer software on DVDOne area of business that you absolutely have to get right is filing your business taxes. Fortunately, there are some business tax software programs that take much of the hassle out of small business tax preparation.

Here are three software packages that can help you with your business taxes.

1. TurboTax

http://turbotax.intuit.com/small-business-taxes

TurboTax is made by Intuit and provides tax preparation software for businesses and individuals. They provide a couple of options for small business tax software. You can choose between TurboTax Business or TurboTax Home and Business.

TurboTax Business

TurboTax Business is designed for S and C Corporations, Partnerships, and Multi-Owner LLCs. This business tax software program can help find tax write-offs that are industry specific. Depending on what area of business you are in, you can qualify for different deductions.

This program makes small business tax preparation easier because it integrates with Intuit's QuickBooks. You can import your information to get your taxes completed more quickly.

TurboTax Home and Business

TurboTax Home and Business is great for Sole Proprietorships, 1099 Contractors, or Single-Member LLCs. It includes a feature that audits your return looking for mistakes before you file.

The Home and Business version of TurboTax also offers an online version of their business tax software. You will be able to fill out your tax returns online, and then file electronically. This provides a lot of convenience when doing your year-end taxes.

2. TaxCut

http://www.hrblock.com/taxes/products/34.html

TaxCut is the H&R Block business tax software. Like most of the better tax preparation packages, it gives you the ability to file online, saving you a lot of time. If you are entitled to a refund, filing online can shave weeks off of the time you wait for your check.

This small business tax software program also includes the ability to file your state taxes. You will not be charged extra for this feature, nor will you need a separate piece of software. It's all included.

TaxCut Worry Free Audit Support

TaxCut also comes with 1 on 1 support from an H&R Block tax advisor. They can talk you through most problems. If you are ever audited, H&R Block will provide a representative to help you.

3. TaxBrain

http://www.taxbrain.com

The final small business tax software package to consider is TaxBrain. TaxBrain is a suite of tax return forms and business calculators that allow you to fill out your businesses taxes online.

This can be a nice option if you have limited space on your computer and don't want to install a new program. All of your work is stored on secure servers and saved automatically. If something does happen to your computer, all of your information is still there.

 

There are 4 business tax software packages to choose from. If you're not sure which one to choose, there is a program wizard that will make recommendations based on your answers to some questions.

TaxBrain also claims that if you are due for a refund, you can receive your money in as little as two days. That beats waiting around for the mail carrier to deliver your tax forms.

If you want to use the TaxBrain business tax software to process your state taxes there is an additional charge. Once you are set up you will be able to prepare all of your state's tax forms online as well.

Tax Software Benefits

computer software screenBusiness tax software can take a lot of the headaches out of preparing your small businesses taxes. Most of the programs have features that check for errors so you can have more assurance that your forms are filled out correctly.

Consider using business tax software to make filling your taxes a more stress-free procedure. You will have the assurance of knowing your taxes are correct, and that you can be done much more quickly.

Points to Keep in Mind

  • It is crucial that your business taxes are accurate.
  • Most of the top business tax software programs allow you to file your taxes online.
  • Look for a product that has an error-checking feature to make sure your forms are filled out correctly.
  • If you qualify for a tax refund, filing online can greatly reduce the time it takes to get your refund check.
  • Make sure you choose a business tax software program, and not a personal tax program.