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TurboTax Home & Business
Do you own a small business? As a business owner, filing taxes through pen and paper is a very time-consuming task, especially if your hands are already full of other responsibilities, either personal or in business. Luckily, companies such as Intuit has given us the software that can make filing tax returns less-awful. Taking advantage of the computer to manage information quickly, Intuit’s TurboTax Home and Business is best fitted for small business owners and self-employed people to file state returns just by answering simple questions, pretty much like an interview.
As the most advanced tax preparation program of Intuit, TurboTax Home and Business has all the features the less expensive versions such as Premier and Deluxe have, and gives you additional tools to help you report business income. This is useful for business owners because TurboTax Home and Business can find money-saving business tax deductions and help business owners identify deductible expenses that can help them minimize tax liabilities.
If you are a new business owner, you’ll likely to appreciate the easy-to-follow design of the interface of this version of TurboTax. When you first sign-in to use the service, you will see a map of what you need to do file taxes, and each section offers a “Guide Me” option to help you navigate entering your information and finding all the deductions and credits that you qualify for. You also have the access to your information to other TurboTax accounts if you have used them to file your tax return in the previous years.
TurboTax Home and Business will also take you through all the most common business income sources such as 1099-MISC forms and miscellaneous business income. It also walks you through the most common business deductions for your supplies, utilities, home office and more. You can also prepare and print unlimited W-2 and 1099 tax forms for your employees and contractors to ensure that every document will be available before or during filing season. It uses the best depreciation method to your asset, making sure that you’ll get the biggest deduction as possible
Overall, TurboTax Home and Business is definitely worth spending for its fast, intuitive, and reliable error-checking capabilities in tax filing process.