The 3 Best Online Tax Software for Small Business
Choosing the best online tax software for small businesses involves the consideration of several factors, such as the availability of tools that help you find industry-specific tax deductions. You should also look at the types of support the company provides in case you need some extra support. Some programs offer in-person assistance, live-chat services, phone support, online learning resources, or all of the above. Price is also another deciding factor. If you’ve filed small-business taxes before, you probably want to look for a software program that allows you to import your previous year’s information. The three companies listed here represent some of the best online tax software for small businesses on the market today.
TurboTax is well suited for the self employed or small-business owner, offering two distinct online tax software packages designed specifically for these individuals. If you use QuickBooks, you can quickly import all your income and expense information and TurboTax will add them to the appropriate categories. There are also tools in place to help you find industry-specific deductions and track your audit risk. If your business is new, TurboTax will show you which startup costs can be deducted, and if you’ve been around for a while, you’ll be able to import all of your tax information from previous years. TurboTax’s interface is very user friendly, so you shouldn’t have any trouble navigating your way through the different categories. However, experts are available to help if you have any questions.
H&R Block is another great online tax software for small businesses. They support most tax forms and guarantee their calculations are accurate, so you can be sure you’ll get your maximum tax refund. Helpful section overviews and resource links will ensure you understand the entire tax process and will save you valuable time spent searching for information elsewhere. One great thing about H&R Block is that they have retail locations everywhere, so if you need help with your taxes, you can always stop in and get help from a real person. Their Premium plan includes five free federal e-files, which is beneficial if you have to file taxes for multiple businesses. In the unlikely event that you do get audited, H&R Block will provide you with free audit support and representation to help make the whole process as painless as possible.
If you have to file small-business taxes, Jackson Hewitt is another company worth considering because they offer a Premium package for small-business owners at a very affordable price. You’ll obtain access to their Help Me Decide guides, which are especially useful if you’re new to filing taxes, and excellent deduction discovery tools to help find every possible qualifying deduction, including those that are occupation specific. When you purchase online tax software from Jackson Hewitt, you’re also entitled to unlimited support from Jackson Hewitt tax professionals. You can contact them by phone, email, or live chat and visit one of their retail locations if you prefer to get support in person. Jackson Hewitt also offers personal audit assistance in the unfortunate event that you do get audited.