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1 Apr 2011 By Bibey 

Business Tax Software for a More Complete, Accurate Return

21 Jan

Use business tax software to ensure a complete and accurate return.

Many individuals use tax software to file their return – this is to be expected. But did you know that more and more businesses are doing the same? In the past, business owners believed they needed an accountant on staff or at the very least a tax professional they could call on from time to time. Thanks to the many updates to business tax software over the past few years, this trend is changing.

Tax software can be useful for organizations that have been in business for several years, as well as those that are just getting up and running.

TurboTax Business, for example, covers all of the following organizational structures: multi-member LLC, partnerships, S corporation, C corporation, and estates and trusts.

If you choose the right business tax software, including TurboTax Business, you will be able to import data direct from QuickBooks. Along with this, you have the ability to create important forms including 1099-MISC, W-2, 1099-INT, and 1099-DIV. It is features like this that will make your operation more efficient, while also helping you avoid mistakes.

Those who own a business and are looking for a simplified tax solution should check out TurboTax Business. This suite makes it easier than ever to do your own business taxes, regardless of how much money you make or the number of employees on your payroll. 

 

Small business income tax planning and preparation tips.

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