Turbotax Small Business Review

Turbotax small-sized business provides tax filing software for small-sized companies and individuals. It supports a variety of tax forms, and provides guidelines on how to file estimated tax returns for the quarter. It also assists small-business owners to manage their income taxes that are related to rental properties as well as real estate. Users can get support through live chat and email, and a curated content hub covers topics like taxes and business.

Customers can select from a variety of options for service levels, and download versions of the software. The basic offering for freelancers and sole proprietors begins at $170 for a federal filing and $55 for each state. TurboTax Business is the premium version that can be used to support S corporations and multimember limited liability companies.

Intuit’s software checks the return against a database of 350 credits and deductions, which helps you maximize your refund. It’s available on desktop computers, mobile apps as well as the QuickBooks online portal.

To be able to use TurboTax Business, you must keep all your business documents in front of your eyes that show your company’s profits and expenses. The software will then help you determine the best way to categorize your company. You’ll have learn this here now best ecommerce platforms for small business to decide, for example whether you’d like to use the accrual or cash method of accounting.

The software can also be used to determine whether you have an expense for business that could be eligible for a deduction. The program can monitor major purchases, and will help you decide on your strategy for depreciation. Depending on the industry you work in, it is possible that you have to file other taxes, both local and state-wide. They are typically filed with the state tax agency.