ÇEVİK FISTIK Genel Turbotax Small Business Review

Turbotax Small Business Review

Turbotax small business offers tax filing software to small-sized enterprises and individuals. It supports a variety of tax forms and provides guidance for filing quarterly estimated taxes. It also helps small business owners manage income taxes associated with rental properties and real estate. Users can access support via live chat and email, and a curated content hub that covers topics such as taxes and business.

Customers can choose from multiple services and download versions of the software. The most basic option, for sole proprietors and freelancers, starts at $170 for federal filing and $55 per state. TurboTax Business is the premium version that is compatible with S corporations as well as multi-member limited liability businesses.

Intuit’s software compares your return to a database of 350 deductions and credits and helps you turbotax maximize the refund. It’s accessible on desktop computers, mobile apps and the QuickBooks online portal.

To be able to use TurboTax Business, you must have all your business data in front of you, which include your company’s earnings as well as expenses. The software will assist you decide on the best way to categorize your business. For example, you’ll need determine whether you’ll use the cash or accrual method of accounting.

You can also use the program to determine if there is any business expenses that are qualified for tax deduction. The program can track big purchases, and will help you decide on your strategy for depreciation. Depending on the industry 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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