Small Business Taxes

Resources and nformation about small business and self employment taxes.

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Old 10-16-2008
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Default TurboTax Software
Howdy!

I am considering the possiblities of purchasing a TarboTax software to help handle business/income taxes.

Have anyone of you used this software, or is there anyone using a different software?
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Old 10-16-2008
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Default Re: TarboTax Software
You're referring to Turbo Tax. If so, I've used it since the first release many moons ago. There is a version for personal and for business. I like to use both because the useful information transfers from one to the other so I don't have to keep typing it in two places. Plus if you are a regular user, it stores your last year's numbers and that also transfers to the new year's return. I usually buy the online version and get a discount through Fidelity or one of the financial brokers. If you have a 401k plan, check to see if that company offers Turbo Tax on their site for a discount. I find it very easy to use and the online resources quite reliable. It integrates with QB, which I haven't used yet. There's a free option you can play around with here If you don't like it, you don't pay. They only charge if you file.
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Old 10-16-2008
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Default Re: TurboTax Software
I also have used Turbo Tax (via download) and it is pretty simple and straight forward.
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Old 10-17-2008
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Default Re: TurboTax Software
I use TurboTax online every year to complete my tax filing... Love it!
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Old 10-18-2008
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Default Re: TurboTax Software
I have used Turbo Tax in the past to do some simple returns. It is a good product and will walk you through the tax process. Personally I don't like it because its TOO automated and I like to have more control over the return I'm preparing, but I'm also used to the more advanced tax software.

I used taxslayer last year to do some simple returns and like it much better than TurboTax. Depending on your income and situation you may qualify for free filing as well. It is one of the programs that offers free E-File and I found it through the IRS website. Even if you don't qualify for the free filing it is cheaper than Turbo Tax.
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Old 11-12-2008
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Default Re: TurboTax Software
I have used turbo tax for personal use and like it alot. its easy to use.
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Old 11-17-2008
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Default Re: TurboTax Software
I have been using TaxAct for serveral years now for filing my personal returns. It is simple to use and asks questions to help you through the process. I haven't used for business purposes yet, as I have just started my business. TaxAct will transfer information from each year also, so you don't spend a lot of time entering in the same data.
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Old 11-17-2008
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Default Re: TurboTax Software
I have used Turbo Tax for over 15 years for personal taxes and for the last 5 years for business. Quicken and Quickbooks both transfer information over into Turbo Tax very easily. For business purposes, it's simple and easy to use. Takes me an average of 2 hours to do my taxes (but I am very good about keeping my accounting program updated accurately throughout the year).
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