Turbotax Small Business Review
Turbotax small business provides tax filing software for small businesses and individuals. It supports a variety of tax forms as well as guidance for filing estimated tax payments for the quarter. It also helps small-scale companies manage tax issues related to rental property and real estate. Users can seek assistance via email or live chat, as well as a library of information includes topics like taxes and business.
Customers can select from several options for service levels and downloadable versions of the software. The most basic version for sole proprietors and freelancers, begins at $170 for federal filing and $55 per state. The higher-end version, dubbed TurboTax Business, provides support for S corporations and multi-member limited liability companies.
The software from Intuit compares your tax return to a database of 350 deductions and credits and helps you maximize the refund. It’s accessible on desktop computers, mobile apps, and the QuickBooks online portal.
TurboTax Business requires that you have all your business click turbotaxsmallbusiness.com documents, including your company’s income and expenses, in front of you. The software can then help you determine the best way to categorize your business. For instance, you’ll need to decide whether to utilize the accrual or cash method of accounting.
The software can also be used to determine whether you have a business expense that could be eligible for a deduction. The program can also track the cost of large purchases and help identify a strategy for depreciation for your assets. Depending on the industry you are working in, you may have to file other local and state tax. These are often filed by the state tax agency.
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