Excellent Professional Software
But TurboTax has a great search feature, which allows you to enter the form name, along with a jump feature that takes you immediately to that form. This was definitely unique to TurboTax, and made entering all my forms much easier. TurboTax is our pick for the best overall tax software program. However, if you have more complex taxes — which could include running a small business, having numerous deductions or owning lots of real estate — you’ll want to put cost aside and use TurboTax. TurboTax is hands down the most customer-friendly option with an easy-to-use platform.
If nothing about TaxAct immediately grabs you, your business might want to find an option that either offers more support and features, like TurboTax and H&R Block, or a cheaper price, like eFile.com and FreeTaxUSA. TaxAct is a great middle-of-the-road option for businesses who want a few extra features, such as tax expert support, for a reasonable price. If you or your business is already familiar and happy with TaxAct, you shouldn’t feel pressured to change. We also took a look at TaxAct, tax preparation software that offers many features at a reasonable price. FreeTaxUSA will work perfectly for freelancers and other people who file as sole proprietors.
My personal taxes are on the complicated side, and TurboxTax’s search feature was a huge help. Since not every form was presented to me throughout the process, I had to do some digging to find some of the more uncommon ones.
You don’t need to spend any extra money on unneeded features, and if you happen to be in a state without income tax, you might file absolutely free. You need little to no support to fill out your tax forms.
- TaxAct doesn’t have a version of its business tax software that includes the ability to create W-2 forms and 1099 forms.
- Proconnect Tax online is suitable for certain situations where I have a return that needs to be prepared, and the software I am using does not support the form.
- The software is not suitable for Consolidated corporate returns or complex returns.
- Due to the difficulty in finding where to enter certain information and the feel of the software, it is not efficient to use for the preparation of a volume of returns.
Learn Video Editing With Pluralsight
Looking for some more tips on picking the perfect software for your small business? With so many features offered by even the simplest software out there, it can be tough to narrow down what you need while checking prices at the same time.
Of course, while location is crucial to your tax prospects, it isn’t the be-all and end-all of tax deals—or of business success. State business taxes often break down by industry, so you’ll want to do more research before planning your immediate move from Minnesota to Wyoming. Still, if tax deals are important to your business, give our top picks an extra look; a good tax bargain can nudge your business in the right direction. Well, for starters, seven of our top states lack a state income tax, and one, Tennessee, has just a 1% rate. Some, like Washington, are famous for their startup culture and tech friendliness; it’s practically a given YTD Downloader that their tax laws would incentivize small-business owners.
April 15th — tax day — is typically a day no one forgets, but that date has been pushed back quite a bit this year due to the coronavirus pandemic. It might make sense to put features first—after all, any gains from a correctly filed return tend to outweigh the price difference from product to product. But don’t just “ooh” and “aah” over an impressive list of capabilities and extras. Then find the cheapest product that still gives you everything your business requires.
Back in March, I handed my accountant all my tax forms and my taxes were completed with little effort on my part — for a whopping fee of $900. But for that price, I trust my accountant will maximize my deductions and save me as much money as possible.