Turbotax small business is a tax filing software for small businesses and self-employed individuals. It supports a variety of tax forms as well as guidelines for filing quarterly estimated taxes. It also assists small-business owners with income tax issues in connection with rental properties and real estate. Users can receive support via email and live chat, and a curated hub of content includes topics like taxes and business.
Customers can select from a variety of service tiers and downloadable versions of the software. The basic version for sole proprietors or freelancers starts at $170 for a federal filing and $55 for each state. The more expensive version, known as TurboTax Business, provides support for S corporations as well as multi-member limited liability companies.
The software from Intuit checks your return against a database of over 350 deductions and credits, helping you maximize your refund. It’s available on desktop computers, the mobile app and the QuickBooks online portal.
To use TurboTax Business, you must have all your business data in front of your eyes that show your company’s profits and expenses. The software will then help you decide on the best way to categorize your business. For instance, you’ll need to decide if you’d prefer to employ the accrual or cash method of accounting.
The program can also be used to determine whether you have an expense for business that can be deducted. The program can also monitor major purchases and help you decide on a strategy to depreciate your assets. Depending on the type of business you operate in it is possible that you will need to submit a variety of check out here turbotaxsmallbusiness.com/read-detailed-board-software-reviews/ taxes, both local and state-wide. They are typically filed through the state tax agency.
