Software for Business Tax: Which To Choose In 2021

Business tax software is designed to simplify the taxation process by automating the procedure, so taxpayers won’t need to manually fill out the necessary forms to file their taxes. In this article, you’ll learn about tax software and its benefits, as well as what it includes: how the best ones works, how to utilize it, and how to do your own taxes at a minimum expense. 

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1. H&R Block

H&R Block also provides any help you need with the tax process at a physical location, where you’ll be greeted by trained professionals. If you prefer personal communication, this is the right choice for you. Full Review

  • Free, high-quality version
  • User-oriented
  • Availability on various platforms
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H&R Block also provides any help you need with the tax process at a physical location, where you’ll be greeted by trained professionals. If you prefer personal communication, this is the right choice for you. Full Review

Speed

5/5

Extra services

5/5

Price

4/5

Ease of use

4/5

2. FreeTaxUSA

For little or no money, you receive reliable service and won’t need to worry about unpaid taxes. It’s the most affordable tax service. Full Review

  • Free federal tax filing
  • Free (limited) customer support
  • Low prices for additional features
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For little or no money, you receive reliable service and won’t need to worry about unpaid taxes. It’s the most affordable tax service. Full Review

Speed

5/5

Extra services

5/5

Price

4/5

Ease of use

5/5

3. TaxJar

If you’re anxious about the complicated process of filing sales taxes several times a year, TaxJar is the choice for you Full Review

  • Exceptional customer service
  • 30-day free trial
  • Automated calculation of tax returns
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If you’re anxious about the complicated process of filing sales taxes several times a year, TaxJar is the choice for you Full Review

Speed

5/5

Extra services

5/5

Price

5/5

Ease of use

5/5

4. TaxSlayer

Users aiming at a professional approach to taxes should give TaxSlayer a try, as well as military personnel—who are entitled to special tax return. TaxSlayer’s useful features will transform your tax filing process into a pleasant experience. Full Review

  • Ranked best affordable tax software
  • Improved user experience
  • Substantial knowledge base
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Users aiming at a professional approach to taxes should give TaxSlayer a try, as well as military personnel—who are entitled to special tax return. TaxSlayer’s useful features will transform your tax filing process into a pleasant experience. Full Review

Speed

5/5

Extra services

5/5

Price

4/5

Ease of use

5/5

5. LibertyTax

If you want to take care of your taxes on time and are willing to pay a medium-range price, LibertyTax should be on the top of your list of tax software providers. Full Review

  • Available in Canada and all states in the US
  • Promise of maximum refund
  • Receive $50.00 for referring a new customer
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If you want to take care of your taxes on time and are willing to pay a medium-range price, LibertyTax should be on the top of your list of tax software providers. Full Review

Speed

5/5

Extra services

4/5

Price

4/5

Ease of use

4/5

6. The Neat Company

If you’re willing to pay a little more than the lowest price on the market, The Neat Company provides superb services. You are guaranteed to get value for your money. Full Review

  • A plan for any tax situation
  • Help provided for organizational purposes
  • Up-to-date software
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If you’re willing to pay a little more than the lowest price on the market, The Neat Company provides superb services. You are guaranteed to get value for your money. Full Review

Speed

4/5

Extra services

4/5

Price

4/5

Ease of use

4/5

7. TurboTax

If you need software to handle your small business or personal taxes, TurboTax is the ideal solution. It works best for individuals and small companies who don’t have much revenue to report and don’t file many claims. And since it’s user-friendly, it will not cause undue frustration. Full Review

  • A large number of packages available
  • Free services for low-income individuals
  • User-friendly interface
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If you need software to handle your small business or personal taxes, TurboTax is the ideal solution. It works best for individuals and small companies who don’t have much revenue to report and don’t file many claims. And since it’s user-friendly, it will not cause undue frustration. Full Review

Speed

5/5

Extra services

4/5

Price

4/5

Ease of use

5/5

8. TaxAct

TaxAct has proven to be a steady choice among users, based on accuracy and reliability. If any help is needed with tax preparations, TaxAct will be there to provide it for you. Full Review

  • A free federal tax filing option
  • Affordable prices
  • 100% accuracy
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TaxAct has proven to be a steady choice among users, based on accuracy and reliability. If any help is needed with tax preparations, TaxAct will be there to provide it for you. Full Review

Speed

5/5

Extra services

4/5

Price

5/5

Ease of use

4/5

9. eFile

A decent service for a small amount of money is what most users look for in a service provider. By choosing eFile software, you sign up for good service experience, with provided tax-preparation services at minimal expense. Full Review

  • Simple, quick, and easy to use
  • Appropriate for filing multiple state returns
  • Stronger tax support during tax season
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A decent service for a small amount of money is what most users look for in a service provider. By choosing eFile software, you sign up for good service experience, with provided tax-preparation services at minimal expense. Full Review

Speed

5/5

Extra services

5/5

Price

5/5

Ease of use

4/5

10. OnLine Taxes

Low prices and a variety of features mark OnLine Taxes exceptional in tax sites comparisons. You actually get more than what you pay for. Full Review

  • Handles complex returns
  • Year-over-year comparison of filed taxes
  • All forms and schedules available on interface
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Low prices and a variety of features mark OnLine Taxes exceptional in tax sites comparisons. You actually get more than what you pay for. Full Review

Speed

4/5

Extra services

4/5

Price

5/5

Ease of use

4/5

11. Jackson Hewitt

If you want to collaborate with tax professionals and use advanced software to file your taxes, Jackson Hewitt is the company for you. Full Review

  • Over 6,000 tax service offices available for users
  • An all-in-one approach for filing taxes
  • A variety of options for filing with a tax professional
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If you want to collaborate with tax professionals and use advanced software to file your taxes, Jackson Hewitt is the company for you. Full Review

Speed

4/5

Extra services

5/5

Price

5/5

Ease of use

4/5

Our Methodology

To find the best offerings, we considered a number of factors such as:

  • Packages
  • Services
  • Ease of use
  • Ratings and reviews
  • Cost-effectiveness
  • Customer availability
  • Prices and promotions

Based on those, we have compiled a detailed review of tax software and the best small software companies for business tax.

Detailed Reviews

H&R Block
H&R Block
H&R Block

Best For Personal Communication

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  • User-oriented
  • Free, high-quality version
  • Help from personal tax advisors at location
  • Availability on various platforms
  • Delays in tax filing
  • Additional expenses for federal tax returns

H&R Block is among the top contenders on the market for tax software. You can check out our full review of H&R Block here. When it comes to free tax software for small businesses, the H&R Block version is one of the best on the market, with a simple and efficient interface and personal assistance available for an additional, small fee. Note some of the pros and cons of H&R Block:

H&R Block was established in 1955. By 2018, it had expanded to 12,000 tax offices located in the US, Canada, and Australia, making it one of the top companies for personal and business taxes available today.

Some of the most enticing services offered by H&R Block include online tax preparation and electronic filing, in addition to business consulting and payroll services. The company provides many other appealing features:

  • DeductionPro is a feature that helps you calculate the tax deduction value of your donations.
  • Tax Pro Review includes a review of personal taxes with a tax professional.
  • Worry-Free Audit Support ($19.99) is an additional service that includes audit preparation, IRS correspondence management, and in-person audit representation.
  • Expat tax service is available for non-US citizens who need to file taxes. H&R Block offers them tax assistance, as well.

H&R Block Offers Five Options:

  • The Free version allows you to file a 1040 form, plus schedules 1 and 3 (capital gains, alimony, gambling winnings), making this version suitable for a wider group of people compared to free versions offered by competing companies.
  • Basic Online Assist (federal, $69.99; state, $39.99) offers everything that the free version has, with additional on-demand video access to a tax professional. This version is suitable for people who require very little help filing their taxes.
  • Deluxe (federal, $49.99; state, $44.99), suitable for employed individuals, allows for additional tax deductions and tax credits.
  • Premium (federal, $69.99; state, $44.99) is the ideal option for investors or for those who own rental property.
  • Self-employed (federal, $109.99; state, $44.99) imports Uber driver tax information. This version is the best match for freelancers and small business owners. 

If we conduct a comparison, H&R Block’s free version offers features that other companies don’t have. Their technical support is superior, transforming access to trained tax advisors into a simple process.

FreeTaxUSA
FreeTaxUSA
FreeTaxUSA

Best Affordable Solution

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  • No hidden fees
  • Free federal tax filing
  • Low prices for additional features
  • Free (limited) customer support
  • Extra payment for state tax
  • Poor interface

FreeTaxUSA was founded in 2001 as part of the IRS Free File Alliance. As the name suggests, FreeTaxUSA’s free software allows you to file your federal income tax at no charge. Note some of the pros and cons of FreeTaxUSA:

The most alluring feature of the company’s software is, of course, the (free) cost—making it the cheapest option on the market. The fact that it doesn’t hide any secret expenses makes it a popular choice among Americans. Note some of its features:

  • Complicated tax situations: covered by the free version.
  • Guaranteed accuracy: if there is a mistake, they assume full responsibility.
  • Audit Assist: a short preparation process in case you get audited.
  • Online backup: if you use the software for more than one year, it saves your information from the previous year.

FreeTaxUSA Offers Two Options

  • The Free edition actually has its limitations. There is a $14.99 charge for state tax filing; otherwise, all the main features are available with this version.
  • Deluxe ($6.99) contains all the features of the free edition, plus the Amended Tax Return and Audit Assist features, which are best suited for anyone who might need assistance with the filing process.

If you’re looking for a cheaper option, then FreeTaxUSA offers amazing value for the money—best suited for working individuals who would probably not be asked to pass an audit.

TaxJar
TaxJar
TaxJar

Best For Sales Tax

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  • Exceptional customer service
  • Automated calculation of tax returns
  • 30-day free trial
  • Easy integration process
  • Timely filing with AutoFile
  • Certain features, such as AutoFile, are expensive
  • No free version

TaxJar uniquely deals with sales taxes, making it the best tax software for businesses. With over 20,000 clients across a wide range of industries, such as Coca-Cola and Microsoft, TaxJar has proven to be highly competent in its area of expertise. Note the pros and cons of TaxJar:

The company doesn’t work with individual clients but focuses on business-level returns. Consequently, TaxJar has managed to create the best tax software for business returns. The company’s features confirm this:

  • AutoFile automatically files your taxes.
  • Multi-Channel Selling integrates all the platforms you use to sell your products.
  • Getting Started guides teach you how to begin using the software.
  • Sales Tax Webinars outline what you need to know about sales taxes.

TaxJar Offers Three Options: 

  • Starter ($19.00 monthly) focuses on smaller businesses, helping to automate the tax process.
  • Professional ($99.00 monthly) contains all the Starter features, with added support and 12 free AutoFiles per year.
  • Premium (determined individually) includes all Professional features, with added ‘white glove’ support and unlimited AutoFiles.

TaxJar specializes in businesses that need to report sales tax and operates with companies of all sizes. It’s the best choice for any entity selling taxable products.

TaxSlayer
TaxSlayer
TaxSlayer

Best For Military Personnel

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  • Improved user experience
  • Substantial knowledge base
  • Ranked best affordable tax software
  • Covers student loan interest deductions and education credits
  • Time consuming
  • Irregularities while navigating the software

TaxSlayer was founded in 1965. Its scope of operations covered basic tax preparations. When discussing software that deals with business taxes, TaxSlayer is among the most cited providers. The unique feature of this tax software is its pricing model—you pay for what you need. This model is what sets it apart from its competitors. Consider the pros and cons of TaxSlayer:

TaxSlayer evolved into a tool for professional tax advisors and accountants. Today, it is considered to be the best software to use for a tax filing business. It includes:

  • On-demand tax help: support from certified professionals, included in select packages.
  • SecurelyID: an additional identity protection package for $39.99.
  • Multiple refund options: deposits to a bank account or purchase savings bonds with your refund.

TaxSlayer Offers Four Options:

  1. Simply Free is only applicable to the simplest tax situations, under the condition that your income is under $100,000.
  2. Classic (federal, $24.94; state, $39.95) is suitable for freelancers, landlords, itemizers, and many user profiles because the price is determined by the extent of the offered support.
  3. Premium (federal, $44.95; state, $39.95) is identical to the Classic package but with added support options.
  4. Self-Employed (federal, $54.95; state, $39.95) offers access to tax professionals who specialize in self-employment, with guidance and reminders of estimated tax payments.

TaxSlayer is the best tax software for a tax business available, used by practicing tax professionals. The company also provides a Military Offer, which allows free service to active-duty military personnel.

The Neat Company
The Neat Company
The Neat Company

Best For Well-Standing Small Businesses

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  • Help provided for organizational purposes
  • A plan for any tax situation
  • Up-to-date software
  • Free trial
  • Occasional slow processing
  • Higher prices than competitors

The Neat Company is a leader in its field, providing the best tax software for home business ventures. In the past few years—with the creation of cloud service—the company has turned almost entirely digital, automatically tracking your expenses. Consider some of the pros and cons of The Neat Company:

The Neat Company provides numerous features integrated into its home software that allows its clients to completely entrust their taxes to the software, including:

  • Neat Receipts scanner, which easily tracks expenses and documents them in their software.
  • Desktop or mobile app availability.
  • Unlimited document management.
  • Phone, email, and chat support.

The Neat Company Offers Three Options: 

  • Lite ($8.99 monthly; $89.99 yearly) provides unlimited file storage, mobile receipts, business contact integrations, and a document scanning app.
  • Premium ($14.99 monthly; $149.99 yearly) offers all of the Lite features, plus human verification, one-on-one expert training, and other similar features.
  • Business ($24.99 monthly; $149.99 yearly) offers everything above, with added multi-account access (up to five plan users) and an accountant and bookkeeper edition.

Because The Neat Company does not offer free software for its users, it might not be the first choice for freelancers, but it’s a great match for small businesses.

LibertyTax
LibertyTax
LibertyTax

Best For Those With No Tax Expertise

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  • Promise of maximum refund
  • Available in Canada and all states in the US
  • Helpful personnel in stores
  • Receive $50.00 for referring a new customer
  • Lack of guidance
  • Old interface

LibertyTax provides tax software for businesses and a variety of services that are available online and in stores located throughout North America. Note some of the pros and cons of LibertyTax:

LibertyTax’s platform for personal and business taxes allows users to calmly navigate the tax process with numerous offered features, including:

  • Tax Law Changes Calculator, which accounts for recent changes in tax law.
  • Imports from competitor’s returns.
  • Q&As’ hyperlinked explanations.
  • Availability in Spanish.

LibertyTax Offers Three Options:

  • Basic (federal, $44.95; state, $39.95) was created for single or married people with no dependents who are expecting a simple tax return.
  • Deluxe (federal, $44.95; state, $34.95) is best for more complicated tax situations, suitable for homeowners and investors.
  • Premium (federal, $44.95; state, $34.95) is for those who have less common sources of income, such as freelancers and contractors.

In most reviews, LibertyTax is described as easy-to-use and proficient in providing service for people with no tax expertise.

TurboTax
TurboTax
TurboTax

Best For Those With Low Revenue

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  • Free services for low-income individuals
  • User-friendly interface
  • Customer support available in various forms
  • A large number of packages available
  • High prices for select packages
  • Not every tax return submitted by TurboTax is accepted by the IRS

TurboTax, based in San Diego, CA, was established in 1984. Creating its own system of tax filing—based on tax models of other countries—the company became a market leader in online solutions for business taxes.

You can find the company’s offered features in the review of TurboTax.

Not every tax return submitted by TurboTax is accepted by the IRS.

TurboTax boasts useful features that turn the process of filing your taxes into a much more relaxed experience, making it the top choice home and business taxes. Note its advantages:

  • Import your tax information from other tax service providers.
  • Take photos of forms and upload them in an app—an option is available to automatically upload documents provided by your employer on the TurboTax account.
  • A donation calculator helps you account for the deductible value of your donations.
  • Access on multiple platforms (website or mobile app on any device).

TurboTax Offers Four Options:

  • The Free edition is intended for simple tax returns and low-income individuals. It works best for people who opt for standard deductions, earned income tax credits, or child tax credits.
  • Deluxe (price: federal, $60.00; state $50.00) adds several more tax deductions and tax credits. The Deluxe edition might be best for individuals who have business income and no expenses. With this version, capital gains or rental income cannot be reported.
  • Premier (federal, $90.00; state, $50.00) shares all the features of the Deluxe Edition, in addition to the possibility of reporting investments and rental income.
  • Self-Employed (federal, $12.00; state $50.00) is an upgrade of the Premier edition. The additional features—specifically for independent contractors and freelancers—include business income and expenses, home office deductions, as well as other deductions from the use of Square, Uber, and Lyft.

The company is well-known for easy access to services and the simplicity of the filing process. You receive technical support in the form of a TurboTax Assistant, chatbot, or contact form, while paid users can access a TurboTax specialist.

TaxAct
TaxAct
TaxAct

Most Reliable Solution

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  • Pay for TaxAct charges out of your refund
  • A search base that provides useful information
  • A free federal tax filing option
  • Affordable prices
  • 100% accuracy
  • Higher fees for state returns
  • No detailed explanations for certain features

TaxAct, established in the 1990s, is less well-known among tax software providers but ranks among the best tax software for small business and personal use. Some users, however, may find that certain TaxAct features are inadequate. Consider the pros and cons of TaxAct:

The company has expanded and improved many of its features, promoting specific platforms for small business taxes free of charge. In recent years, the company has lowered its prices, provided new possibilities for tax breaks, and has added such new features as Xpert Help, which provides:

  • An interview process that helps users decide what option suits them best.
  • A shopping cart (icon) that allows users to know what their total amount is, based on all the additional features they select.
  • Data encryption, which is used to protect users’ personal information.

TaxAct Offers Four Options:

  • The Free plan (federal, free; state, $34.95) allows users to file a 1040 form, without the possibility to itemize or file schedules 1 and 3. This version is recommended for anyone who is not expected to claim anything on their taxes, other than standard deductions, earned income tax, or child tax credits.
  • Deluxe (federal, $44.95; state, $54.95) is an upgrade from the free version, allowing users to file for a few other tax deductions and credits. This version is the go-to choice for employed users with no particular tax claims.
  • Premier (federal, $69.95; state, $54.95) contains all the necessary features to report income from rental property or investments.
  • Self-employed (federal, $79.95; state, $54.95) was created for self-employed taxpayers and freelancers.

According to most reviews, TaxAct is a good combination of affordable and functional tax software. If you opt for a reliable, moderately priced option, you can’t go wrong with this software.

eFile
eFile
eFile

Best For Low-Income Users

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  • Stronger tax support during tax season
  • Simple, quick, and easy to use
  • Appropriate for filing multiple state returns
  • Low cost
  • No mobile app
  • Limited customer support

If you have some knowledge of tax procedures and feel that you don’t need too much help from outside sources, then eFile is the best choice for small businesses. To help independent taxpayers, it also provides a guide on how to do taxes on your own. Note some pros and cons of eFile:

eFile might not be the most sophisticated software available, but it’s an easy alternative to home and small business tax platforms with a simple interface and no convoluted additions. It also boasts a different approach to the tax filing process that includes songs and videos that help users de-stress during the filing process. This makes the product likable to users, as well as other features:

  • Learn More buttons are included in the software, providing explanations of tax law.
  • Emailed tax questions are answered at no extra cost.
  • Cryptocurrency explains how users can enter their gains in appropriate schedules.
  • Cheap state returns offer the lowest price available for state tax returns.

eFile Offers Three Options:

  • Free Basic covers only unemployment income and W-2 income below $100,000,  making it appropriate for the unemployed and those with low income.
  • Deluxe ($39.95) includes retirement income and changes occasioned by having a mortgage or dependents. This version is suitable for those whose income does not rise above $100,000.
  • Premier ($49.95) is suitable for anyone whose income is $100,000 or more, regardless of the source.

eFile is a platform which is available and affordable for everyone but especially focused on low-income users.

OnLine Taxes (OLT)
OnLine Taxes (OLT)
OnLine Taxes (OLT)

Best For Small And Medium-Sized Enterprises

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  • Year-over-year comparison of filed taxes
  • Handles complex returns
  • Audit support
  • All forms and schedules available on interface
  • Discount on state tax pricing
  • No free trial
  • Available only on one platform (web-based interface)

OnLine Taxes (OLT) is an excellent choice for Mac users with small businesses, as well as for Windows on the web-based interface. Additionally, it has in-house auditors that provide users with a tax minimization strategy. Note some pros and cons of OLT:

OnLine Taxes participates in the Free File program, a federal grant program in collaboration with the IRS that offers users free filing tax options. OLT users don’t have state and age restrictions imposed on them to qualify for the free program—the only condition is that their yearly income must be less than $72,000. The company (and some reviewers) claim that they possess the most accurate software available. Some of its features verify this claim:

  • Speed of refunds received by users, as soon as six days after the deadline.
  • ‘Useful Information’ buttons for each section, including links to the IRS website, as well as a short summary of the most significant points.
  • Variety ofHelp Features’, such as Comprehensive Knowledge Base and the OLT Top 10 Tax Tips page. The free version of OLT offers 24/7 live chat and email response, with a response time of 24 to 48 hours.
  • Maximum security by implementing multi-factor authentication and a required password change each year. It’s one of the most secure interfaces on the internet.

OLT Offers Two Options: 

  • The Free edition (federal, free; state, $9.95) helps with all forms and schedules and customer support is accessible via email. Tax data from the previous year is available to the user, making it suitable for simple tax returns and for users willing to manually insert all their data.
  • Premium (federal, $7.95; state, $7.95) includes audit support. Customer support is conducted via phone and live chat. A year-over-year comparison is also included with this option.

The majority of reviews rank OLT as one of the best providers of tax services. OLT also operates with small and medium-sized enterprises (SMEs).

Jackson Hewitt
Jackson Hewitt
Jackson Hewitt

Best Advanced Software

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  • An all-in-one approach for filing taxes
  • A variety of options for filing with a tax professional
  • Uncluttered interface
  • Over 6,000 tax service offices available for users
  • No live tax support
  • Only one option for tax filing

Based on most online reviews, Jackson Hewitt is currently handling the largest number of tax returns in the US, at over two million each year. The company has grown over the past few years, becoming firmly established in the tax world. Note some of the pros and cons of Jackson Hewitt:

Many businesses prefer Jackson Hewitt’s software for partnerships, including Walmart, which has had a long-standing collaboration with the company and its software. Some of the features related to Jackson Hewitt include:

  • Tax Pro from Home: a new process for virtually filing your taxes, with the assistance of a tax professional.
  • DIY Online: an option of completing the tax filing process, yourself, with no assistance.
  • Refund Advance: provides a loan that covers your expected refund amount.

Jackson Hewitt Offers Three Options:

  • The Free option works for everyone who applies for standard deductions and whose yearly income is less than $100,000.
  • Deluxe (federal, $29.99; state, $36.99) is the best choice for retirees, families, and homeowners.
  • Premier (federal, $49.99; state, $36.99) is for those whose income is more than $100,000 or who have rental or self-employment income.

Jackson Hewitt offers the best tax software for home and business alike, equally accessible for individuals and business owners.

Business Tax Software – Buyer’s Guide

Before purchasing tax software, you need to consider what each competitor offers and at what price. More importantly, you need to consider your tax situation and choose software that fits your specific needs.

What is Tax Software?

Tax software is a type of software designed to assist taxpayers in the process of filing their taxes. Users can pay both federal and state taxes through most of the tax software programs, and businesses can also file income and sales taxes through select software. The software is designed so that people with no previous knowledge of taxes or accounting can use it independently.

Professional software for business taxes is legitimate, as it collaborates with the IRS. But before purchasing any kind of software, you should check for reviews and ratings, ensuring that the software is functional and reliable.

The majority of tax software available is trustworthy. Many companies take robust security measures in order to secure the protection of sensitive information their users provide on tax forms.

Choosing Tax Software

If you’ve already decided on filing your taxes via tax software, you need to consider several factors before buying any specific product. When choosing the best tax platform for you, consider:

  • Services offered: the larger number of services offered by a company typically makes the process of filing your taxes easier.
  • Ease of use: the quality and design of the interface can simplify the whole process.
  • Pricing: compare prices and services—don’t pay for something you won’t need.
  • Customer reviews and feedback: read reviews online—find out what problems and glitches other users have encountered.
  • Customer support and service: you may need assistance from tax professionals—reliable customer support is a must-have.
  • Availability on different platforms: if you are an iOS user, you need to seek out software for Mac—make sure the software is suitable for the technology you own.
  • Deductions and credits: the software can point out any additional deductions or credits you might be eligible for.

Is Using a Special Software for Business Taxes a Good Idea?

Once you use special software for filing your taxes, you’ll realize that it is simpler, more accurate, and more secure than manually filling out the necessary tax forms—offering you protection from filing inaccurate claims. Consider how the best tax software for small business providers benefit businesses:

  • Avoids audits: taxes filed through software rarely get audited, and if they do, help is provided by the software company.
  • Store taxes on your computer: your taxes don’t have to be stored in print form. You can keep them on your computer (or in your cloud).
  • Time-saving: software tax filing is much faster than manual filing.
  • Less stress: if the process is faster and smoother, you’ll avoid a lot of stress.
  • More focus on running your business: without the hours you lose trying to do your taxes by yourself, you’ll have more time to focus on actually running your business.
  • Affordability: even the most expensive software is cheaper than hiring an accountant.
  • Reduced errors: the number of errors is significantly reduced with software.

Best Tax Software for Businesses At a Glance

This type of software is designed to simplify the taxation process by automating the procedure, so taxpayers won’t need to manually fill out the necessary forms to file their taxes. In this article, you’ll learn about tax software and its benefits, how it works, how to utilize it, and how to do your own taxes at a minimum expense.

H&R Block – Best for personal communication

FreeTaxUSA – Best affordable solution

TaxJar – Best for sales tax

TaxSlayer – Best for military personnel

The Neat Company – Best for well-standing small businesses

LibertyTax – Best for those with no tax expertise

TurboTax – Best for those with low revenue

TaxAct – Most reliable solution

eFile – Best for low-income users

OnLine Taxes (OLT) – Best for small and medium-sized enterprises

Jackson Hewitt – Best advanced software

Summary

Whether you’re an independent taxpayer or you’re looking for the best online tax software for small businesses, this article provides you with the necessary information you need to decide which option is the best match for your tax requirements.

Besides the price, you need to be aware of the product’s features and any hidden fees. Seek out customer support that is willing to help you and make sure the software collaborates with certified tax advisors.

FAQ

What tax software should I use for my small business?

Ratings of tax software are constantly fluctuating. The generally accepted best tax preparation software for small business endeavours is thought to be TurboTax, closely followed by H&R Block and TaxAct.

What is the best tax software for personal and business purposes?

The best tax software for small business and personal use is either TaxSlayer (more suitable for businesses) or FreeTaxUSA, for independent taxpayers with straightforward taxes and middle income. If you have a more complicated tax situation, you can always turn to a company that requires payment, such as Jackson Hewitt.

What is the best software for federal tax returns for small businesses?

Business tax software offers continuous possibilities. Whatever you choose, make sure it has the specific features that your business needs, as each business is different from one another.