The Best Tax Software for Home Businesses
- A number of excellent tax programs are available for your home business.Comstock/Comstock/Getty Images
After setting up your home business, you'll need to start considering how to deal with taxes during tax season. While you might prefer going to or hiring an accountant, tax software for the self-preparer has become much more user-friendly in recent years. There are numerous choices of tax software that can make finding deductions and financial organization easier. - Consumer review site Top Ten Reviews named TurboTax Online Deluxe the best do-it-yourself tax preparation software overall. TurboTax's new Online Deluxe update for 2011 has some useful new features along with their classic features of scoping out mistakes and finding as many deductions for you as possible. Some of the new features on the Online Deluxe version (which also come in a Home & Business edition), include a Life Event Expert that helps you figure out how to fill out your forms if you had any life changes during the year. It also has a better "help" feature to explain each line of your form along with a more organized summary of your return. Additionally, it has a feature that tells you steps you can take in the coming year to get a larger tax return next tax season. E-filing is free when you purchase the software.
- This software has the name of a trusted tax firm behind it in addition to the report from Top Ten Reviews, which commends its interface design and ease of navigation. Additional features include an interview section where the software asks straightforward questions to help whittle down exactly what needs to be done. And the software allows you to link up through the internet to talk with a tax professional for free if you happen to have any complex questions the software can't handle.
- If you're looking for cheaper tax software for your home business, Top Ten Reviews also recommends TaxACT as one of the top choices. Despite having one of the lowest price points at $17.95, Top Ten Reviews says the software is very comprehensive on getting your taxes done efficiently, with an emphasis on help features. While you fill out your tax forms, you can quickly click links that provide information on how to fill out a form question if you get stuck. It also has a keyword search box to look up detailed information on any term you don't understand. You may additionally appreciate the multimedia help videos that play at each form section. Plus, the software boasts that they'll pay your penalties and interest if they make any mistakes on your forms.
- OnePrice is cited by Top Ten Reviews as a winner mostly on its ease of use. With tax forms being confusing enough, this software's attempt at simplifying all tax situations can be a welcome feature. The simplification gets more pluses than the help features, according to Top Ten Reviews. Help features require payment or delayed response time. Despite this, OnePrice boasts of getting your tax refund to you within eight days. Perhaps most importantly, they promise 100% accuracy.
TurboTax Online Deluxe
H&R Block At Home
TaxACT
OnePrice Taxes
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