Turbotax small-sized business provides tax filing software for small-sized businesses and individuals. It supports a range of tax forms as well as guidance for filing quarterly estimated taxes. It also helps small-business owners with income tax issues associated with rental properties and real board software estate. Users can seek assistance via email and live chat, and a curated hub of content includes topics like taxes and business.
Customers can pick from multiple options for service levels, and download versions of the software. The basic version for freelancers and sole proprietors begins at $170 for a federal filing and $55 for each state. TurboTax Business is the premium version that allows S corporations as well as multi-member limited liability companies.
Intuit’s software checks the return against a database of over 350 credits and deductions, assisting you maximize your refund. It is available on desktop computers as well as the mobile app and the QuickBooks Online portal.
TurboTax Business requires that you have all your business documents, including your company’s earnings and expenses in front of you. The software can then help you decide how to categorize your business. You’ll have decide, for example, whether you want to utilize the accrual or cash method of accounting.
The software can also be used to determine if you have a business expenditure that is deductible. The program can help you track large purchases, and it can assist you in determining your depreciation strategy. Depending on the industry you are in, you might have to file other taxes, both local and state-wide. These are often filed with the tax department of the state.
