Turbotax small business is a tax filing software for small businesses and self-employed individuals. It supports a range of tax forms and provides guidelines for filing quarterly estimated taxes. It also assists small companies manage tax issues associated with rental properties and real estate. Users can seek support via email and live chat, and a library of information includes topics like taxes and business.

Customers can pick from multiple services, as well as download versions go right here turbotaxsmallbusiness.com/best-ecommerce-platforms-for-small-business/ of the software. The basic offering for freelancers and sole proprietors starts at $170 for federal filing and $55 for each state. The premium version, called TurboTax Business, provides support for S corporations as well as multi-member limited liability companies.

The software of Intuit matches your return to a database of 350 credits and deductions, helping you maximize the refund. It’s available on desktop computers as well as the mobile app and QuickBooks Online portal.

To utilize TurboTax Business, you must have all the business records in front of your eyes that show your company’s profits and expenses. The software will help you categorize your business. For instance, you’ll need to decide if you’d prefer to use the cash or accrual method of accounting.

The program can be used to determine whether you have an expense for business that is deductible. The program will also keep track of major purchases and help you decide on a strategy to depreciate your assets. Based on the field you work in, you may be required to file additional local and state tax. They are usually filed through the state tax agency.

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