Are you tired of spending many hours on business tax preparation? Are you looking for a dependable tax management tool to make things easier and keep up with changing tax laws? You’re in the right place! In this article, we’re looking at the best tax software for both small and large businesses.
We’ll cover everything from financial software solutions to tax filing software. You’ll learn about their features, cost, and how easy they are to use. Find out which software meets your needs for small business taxes and business tax preparation.
Ready to ease tax season stress and pick the perfect online tax software for better compliance? Let’s get started and check out your best options!
Key Takeaways:
- Comparing the features, pricing, and ease of use of various business tax software programs.
- Finding the best tax software for small businesses and corporations.
- Exploring options for online tax software and tax compliance tools.
- Streamlining the tax preparation process for small business taxes.
- Discovering the ideal tax software solution to simplify your business tax filing.
H&R Block is the top choice for small business owners looking for tax software. They have a solid reputation and offer great solutions for business taxes. Their online version is easy to use and works for different business needs.
The user interface of H&R Block’s tax software is simple and clear. It makes entering deductions, calculating expenses, and filing taxes easy. The software helps users every step of the way.
“H&R Block’s tax software programs provide a simplified user interface, making it easy for small business owners to navigate their unique tax situations.”
H&R Block knows that not all businesses are the same. So, their tax software is built to handle many tax situations. It works well whether you’re running the business alone, as an LLC, or with partners.
One key benefit of using H&R Block’s tax software is access to tax experts. If you need help or have questions, you can easily get personalized advice from a professional.
However, H&R Block’s business editions are a bit more expensive. While they offer great features and support, it’s good to think about your budget and compare options.
Also, H&R Block’s software might not work fully on mobile devices. If you usually use your phone or tablet for taxes, check if the software is compatible.
In summary, H&R Block is the best tax software solution for small businesses. They offer an easy-to-use online version that meets various tax needs. Although their business editions are pricier and may have mobile limitations, their features and support make them a reliable choice for businesses.
Best for Partnerships and Corporations : TaxAct
TaxAct is the best pick for tax needs of partnerships and corporations. Their software is crafted to support the unique tax needs of these businesses. This makes taxes easier and more efficient for them.
With TaxAct, doing your taxes online is easy and saves time. No matter if you’re a partnership, a C corporation, or an S corporation, they have what you need. Their software includes all the forms and features for your taxes.
TaxAct offers great support from tax experts. If you have questions or need help, they’re there for you. They also provide tech support for a smooth experience.
However, TaxAct’s options for audit support are not as broad as some others. If audits worry you, you might want to look at other options. These options might have better audit support.
Also, TaxAct has many tax forms for partnerships and corporations. But, there might be limits for filing some state forms electronically. Make sure TaxAct supports your state forms for electronic filing.
In conclusion, TaxAct is a strong choice for partnerships and corporations. They offer specialized features and unlimited support, making tax time less stressful for businesses.
“TaxAct’s software makes managing my partnership’s taxes so much easier. The platform is easy to use and the support from tax specialists is top-notch.” – Mary Thompson, CEO of a partnership
| Tax Software | Partnership Tax Forms | Corporation Tax Forms | Audit Support |
|---|---|---|---|
| TaxAct | ✓ | ✓ | ✓ |
| Company B | ✓ | ✓ | ✕ |
| Company C | ✓ | ✓ | ✓ |
Best for Self-Employed : TaxSlayer
TaxSlayer is the top choice for self-employed tax filers. It offers low prices compared to big-name brands. Plus, its online platform is highly rated, making tax filing simple.
TaxSlayer shines by supporting self-employed folks like freelancers and small business owners. It’s great for those with 1099s and needing to file a Schedule C. Their service is tailored for the unique tax situations of self-employed people, ensuring your taxes are done right.
The platform is designed to make the tax process smooth for everyone. No matter your experience with tax filing, TaxSlayer provides an easy-to-use interface. It makes tax time less stressful.
Have questions? TaxSlayer’s tax professionals are ready to help. They can assist with any tax questions you have. This support helps self-employed individuals get the most out of their deductions and minimize taxes.
But remember, TaxSlayer is online only. There’s no software to download. This might be inconvenient for those who prefer offline work or need file access without the internet. Also, TaxSlayer doesn’t support forms for partnerships and corporations.
| TaxSlayer | Features | Pricing |
|---|---|---|
| ✓ 1099 Support | ✓ Schedule C filing | Low pricing |
| ✓ Access to tax professionals | ✗ Downloadable version | ✗ Partnership & corporation forms |
Best for Virtual Assistance : TurboTax
TurboTax is the top choice for small businesses needing help with taxes. It offers online, desktop, or mobile options. This makes it easy to choose what works best for you. Their online version covers all small business types, making tax filing easy. And if you need extra help, upgrading for live expert support is an option.
The software’s user-friendly interface stands out, welcoming users with different experiences. It guides you through each step, ensuring you get the most deductions and credits. Plus, TurboTax includes audit support for extra confidence.
TurboTax promises 100% accuracy, guaranteeing precise tax calculations. Whether you’re running a sole proprietorship, partnership, or corporation, TurboTax simplifies your tax process.
TurboTax Features Overview:
| Features | Online Version | Desktop Version | Mobile Version |
|---|---|---|---|
| Complete coverage for small business types | ✓ | ✓ | ✓ |
| Live support from tax experts | Upgrade | Upgrade | Upgrade |
| Easy-to-use interface | ✓ | ✓ | ✓ |
| Audit support | ✓ | ✓ | ✓ |
| 100% accuracy guarantee | ✓ | ✓ | ✓ |
Best Value : FreeTaxUSA
Finding the best value in business tax software is key. FreeTaxUSA stands out for its cost and features. It offers great value to businesses big and small.
For federal filing, FreeTaxUSA starts at just $0. This price appeals to those careful with their budgets, including freelancers and small businesses. FreeTaxUSA meets your federal filing needs affordably, whether you’re starting out or running a big company.
State filing is also easy on the wallet, beginning at $14.99. This is a bargain, especially for businesses in several states or with special state tax needs.
FreeTaxUSA also provides expert support to make tax filing smooth. Their professional support means expert tax help is always ready with a click.
They let you file changed returns for free. This is handy if you need to correct a return. You won’t pay extra, saving money and cutting stress.
Plus, FreeTaxUSA offers help if you’re audited. Their expertise can guide you through an audit confidently. You’ll feel reassured having FreeTaxUSA on your side.
Yet, FreeTaxUSA doesn’t allow for W-2 imports, which might mean manual data entry for some. Also, top-notch customer support and live chat are extras in the Deluxe edition.
In sum, FreeTaxUSA provides unmatched value in business tax software. Its features, like affordable filing, professional help, and audit support, make it the best pick. Businesses looking to save on taxes without losing quality will find it perfect.
| Pros | Cons |
|---|---|
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Best for User Experience : TurboTax
TurboTax is the top choice for easy tax filing. Its online tools and clear steps make taxes less daunting. Users find the platform friendly and simple to use from the beginning to the end.
The software asks questions and guides you through each tax situation. This makes it simple to answer and complete your taxes. You won’t feel lost or stressed at any point.
Looking for more help? TurboTax Premium Live is there for you. It offers expert advice whenever you need it. This means quick answers to tricky tax questions, helping you file with confidence.
TurboTax leads in making tax filing smooth and stress-free. Its blend of straightforward steps and extra support stands out. If you’re an individual or a business, TurboTax with its Premium Live service is a smart choice.
H&R Block is a top choice for small business owners needing varied support for tax prep. They offer Online Assist plans with unlimited on-demand chat or video help. This ensures you can connect with a tax pro when needed. Their experts have 10 years of experience on average. They offer insights and guidance during your filing.
They also have over 11,000 locations across the country. You can meet a tax expert in person for personalized help. Whether online or in person, H&R Block meets your needs.
It’s important to know that plans with live tax expert talks cost more for federal returns. Even so, the support and convenience H&R Block provides are worth it. They are the best for small business owners who want a smooth, supported tax prep process.
Best Free Tax Software : FreeTaxUSA
Looking for the top free tax software for simple returns? FreeTaxUSA is your answer. Their features make tax filing both easy and cheap.
FreeTaxUSA lets you file your federal taxes at no cost. They have low-cost state filing for business returns, including Schedule C. This helps you meet all your tax needs affordably.
FreeTaxUSA’s Deluxe edition offers audit defense. This gives you peace of mind if your return gets audited. They also guarantee you the biggest refund possible from your taxes.
While FreeTaxUSA has many pluses, there are a couple of downsides. They don’t let you import W-2s directly. Plus, their top-notch customer support and live chat are extras that come with the Deluxe edition. Still, the benefits of free federal filing, affordable state filing, and audit protection more than make up for these issues.