The twenty-first century has witnessed most small business firms mushrooming in the cities of every country. People over the world have started to set up StartUps and small firms. Of course, these business firms, like others, require the computation of tax. The size of the business firm does not matter when it comes to paying taxes because if you have a business firm and you are getting income in return for your operations, then you have to pay taxes. Now, tax-paying for a business establishment is also not an easy task. The cost of hiring a professional officer for preparing tax returns and managing taxation of the business costs very high in today’s world. So why not save money by taking benefit of the online tax software? Online tax software hardly requires any financial investment. This software is cheaper and makes your work easy. So let us have a look at the top ten best online business tax software.
1. H&R BLOCK
H&R Block online tax software is one of the cheapest and easy-working software available for tax filing. The software allows its users to file their taxes along with the options of managing the earlier tax returns if done from other applications like TaxAct or TurboTax. The software is best suited for people who have set up fresh StartUps, and for entrepreneurs. The software also provides the feature to have conversations from tax experts regarding filing tax.
2. TAX ACT
TaxAct is one of the most user-friendly software available for tax filing. The software provides for the guidance step-wise for filing tax and performing other functions on the software. Though the application does not has advanced software tools for better work but, it is a recommended software for people searching free software. The software is suitable for people owning a small business or for contractors. The software also offers the users the refunds to the highest possibility.
3. TURBO TAX
An easy and comfortable in use software, TurboTax is one of the popular online software for filing taxes. The software allows options to the users to seek advice from experts regarding the tax returns or the issues faced in filing the taxes. TurboTax is a software by the Intuit and provides all the necessary tools for the proper filing taxes. Turbo tax costs a little more if compared to the other online tax software but has excellent features and best services for the users.
4. TAX SLAYER
Tax Slayer fulfills all the needs of people desiring to fill taxes without employing professionals. Tax Slayer is the application best suited for self-employed individuals and provides a wide range of software tools for audit and tax computation. In addition to this, the software is affordable for small business establishment and do not demand high-maintenance or regular account renewal. However, the application is not proper and equipped for heavy and large taxation works.
One of the most effective software for tax computation, eFile is a simple tool with decent and useful features. The software provides users three distinct packages. One among these is a basic version of the software with no costs. This software application is beneficial for partnership business and also for LLC members. Most suitable for saving money in tax, the return rate is cheaper than the TurboTax application.
6. LIBERTY TAX
There are a lot of instances of individuals owning businesses who had prepared their tax returns by themselves for a long time using different methods. Liberty Tax is the best application for such people. To switch from self-computing to online tax software becomes easy when the software has easy and simple features. Liberty Tax provides the option for users to decide how and when they want to work on taxation. In addition to this, the software further offers relevant recommendations.
7. FREE TAXUSA
The name of the software itself suggests that the software is open source free software. The software is best suited for people who are self-employed and want to lessen the burden of tax returns. The application is a helpful tool for first-time users as it provides instructions for audits. Furthermore, the software has a brilliant feature of providing help through the chat. Through this application, users can also prepare for partnership tax returns and corporate tax returns.
8. CREDIT KARMA
Credit Karma is a popular free online tax computing software. The application is a brilliant choice for first-time users with the latest updates available. Along with managing the simple returns, the software enables the customers to prepare forms related to complicated tax problems. This application is user-friendly as it guides the user at each step for simple working. The platform also provides its customer support through the chat.
9. JACKSON HEWITT PREMIUM
Jackson Hewitt Online is a perfect application for primary tax filing. The software is suitable for individuals. However, it also caters to the requirements of small business establishment. The premier edition of the software is mainly for small business firms. The software also provides options to the customers to contact professional tax advisers in times of need. The software avails its users with the features fulfilling all the assistance for different incomes from a business.
10. DRAKE TAX SOFTWARE
The Drake Tax Software is a tax filing online software providing for an easy and quick process for filing tax returns. The tax software provides the tools that are helpful for the individual in planning and analyzing the taxes. Furthermore, the software also provides for the comparison of data for different years. The application simplifies the present tax filing in addition to the simplification in the future process through the option of archiving data.