Best tax software for small business owners in 2022: Save time filing and get your maximum refund

Select ’ s editorial team works independently to review fiscal products and write articles we think our readers will find utilitarian. We earn a committee from affiliate partners on many offers, but not all offers on Select are from affiliate partners. Let ‘s face it, as a small business owner you ‘ve a fortune on your plate, and filing your taxes might seem like an overpower job on your long disturbance list. But the right on-line tax filing software can help you save time and money. Tax software programs allow you to complete the filing serve on-line, so there ‘s no need to deal with the back-and-forth of working with an accountant. And do n’t worry if you ‘re not a tax professional — these services walk you through the filing process, so you can check off all the boxes before you hit file. If you want advice on your tax situation, many online software programs provide the option to upgrade to get live defend that may include one-on-one aid with a tax professional.

Select evaluated democratic tax filing software programs that offer plans focused on people who are small clientele owners, which by and large includes the freelance, freelancers, exclusive proprietors and anyone with a side gig ( or two ). We evaluated these programs on a rate of features, including cost, drug user have, expert tax aid and Better Business Bureau rating. ( Read more about our methodology below. ) hera are the best tax file software programs for belittled occupation owners, so you can file your taxes before the deadline .

Best tax filing software for small business owners

Best overall tax software

TurboTax Self-Employed

Learn More On TurboTax ‘s impregnable site

  • Cost

    Costs may vary depending on the design selected – see breakdown by design in the description below

  • Mobile app

    Yes

  • Live support

    Yes, costs extra

  • Better Business Bureau rating

    A+

Terms apply, see below for our methodology .

Pros

  • Step-by-step guidance with a Q&A format that is easy to follow
  • TurboTax Live provides on-demand advice and a final review from a tax expert or CPA
  • Live Full Service has a tax expert prepare, sign, and file your return
  • Accuracy and maximum refund guaranteed*
  • Audit support, which provides free assistance if you get an IRS or other tax notice

Cons

  • More costly than other software programs
  • Live expert assistance plans have additional costs

Cost breakdown by plan: Save an extra $ 20 on TurboTax Self-Employed – prices under do not reflect dismiss ; chink “ Learn More ” for details

  • Self-employed (for personal and business income and expenses): $89* federal, $39* per state
  • Live self-employed (includes help from tax experts): $199* federal, $49* per state
  • Full Service Live self-employed (includes help from tax experts): $389* federal, $49* per state

*Click here for TurboTax offer details and disclosuresLearn More View More

H&R Block

Learn More On H & R Block ‘s batten site

  • Cost

    Costs may vary depending on the design selected – see breakdown by plan in the description below

  • Mobile app

    Yes

  • Live support

    Yes, costs extra

  • Better Business Bureau rating

    A+

Terms apply, see below for our methodology .

Pros

  • Simple step-by-step guidance that’s easy to follow
  • Unlimited on-demand chat or video support with Online Assist plans
  • Ability to speak to a tax expert who has an average of 10 years experience (costs extra)
  • Over 11,000 physical locations so you can meet with a tax expert in-person
  • Maximum refund guarantee, or H&R Block will refund the plan fees you paid
  • Audit support guarantee, which provides free assistance if you get an IRS or other tax notice
  • 100% accuracy, or H&R Block will reimburse you for any penalties or interest up to $10,000

Cons

  • Plans that include speaking with a live tax expert cost more for federal returns
  • One of the more costly software programs

Cost breakdown by plan:

  • Self-employed (for personal and business income and expenses): $91.99 federal, $44.99 per state per state
  • Online Assist Self-employed (includes help from tax experts): $194.99 federal, $44.99 per state

Learn More View More

Best free tax software

FreeTaxUSA

Learn More On FreeTaxUSA ‘s plug locate

  • Cost

    $ 0 union, $ 12.95 state

  • Mobile app

    Yes

  • Tax expert support

    Yes, costs extra

  • Better Business Bureau rating

    A+

Terms apply, see below for our methodology .

Pros

  • Federal filing is free to use
  • Audit defense available with the Deluxe edition, which gives you support from a representative if the IRS audits your federal tax return
  • Maximum refund guarantee, or FreeTaxUSA will refund the plan fees you paid and provide a coupon for a free amended tax return
  • 100% accuracy, or FreeTaxUSA will reimburse you for any penalties/interest charges

Cons

  • Can’t import W-2s, so you have to manually enter the info
  • State filing isn’t free, though it’s a low $12.95
  • Priority customer support and live chat is only available with a Deluxe edition upgrade and costs $6.99

Learn More View More

Best affordable software

TaxSlayer Self Employed

Learn More On TaxSlayer ‘s batten locate

  • Cost

    Costs may vary depending on the plan selected – see breakdown by plan in the description below

  • Mobile app

    Yes

  • Tax expert support

    Yes, costs extra

  • Better Business Bureau rating

    A+

Terms apply, see below for our methodology .

Pros

  • Cheaper plan, making this a more affordable choice if you don’t have a simple return and need to upgrade
  • Low state filing fees
  • One-on-one support from real tax experts with Ask a Tax Pro
  • 100% accuracy, or TaxSlayer will reimburse you for any penalties or interest charges
  • Maximum refund guarantee, or TaxSlayer will refund the plan fees you paid
  • IRS inquiry and audit support guarantee

Cons

  • Must enter a discount code to benefit from lower prices

Cost breakdown by plan: For a limited time, consumption code SLAYIT35 for 35 % off your federal e-file. * Self-employed ( for personal and business income and expenses ) : 35 % off Self-Employed – embody : $ 47.95 now : $ 31.17. Includes all forms + access to a tax professional with freelance expertness *Offer is valid on federal tax returns lone, e-filed by April 18th, 2022, at 11:59 post meridiem EST. extend not applicable to state tax recurrence or extra products. Promotion code must be entered at checkout. offer may not be combined with any other promotions, discounts, or offers. offer is non-transferable and is not applicable to previous purchases .Learn More View More

Best for accuracy guarantee

TaxAct

Learn More On TaxAct ‘s fasten locate

  • Cost

    $ 75.96 or $ 124.95 union, $ 49.95 to $ 54.95 per state of matter ( see breakdown by design below )

  • Mobile app

    Yes

  • Tax expert support

    Yes, costs extra

  • Better Business Bureau rating

    A+

Terms apply, see below for our methodology .

Pros

  • Up to $100,000 accuracy guarantee, which reimburses you for IRS/state penalty or interest if the TaxAct software causes a calculation error in your return
  • More affordable than other paid software
  • One-on-one support from real tax experts (costs extra)
  • Maximum refund and 100% accuracy guarantee, or TaxAct will refund the plan fees you paid and pay any difference in the refund or tax liability, plus cover any legal or audit costs up to $100,000

Cons

  • Xpert Help Self-employed plan costs $75 more for federal

Cost breakdown by plan:

  • Self-employed/Sole Proprietor (for personal and business income and expenses): $75.96 federal, $54.95 per state
  • Partnership, C Corporation or S Corporation: $124.95 federal, $49.95 per state

Learn More View More

FAQs

When are taxes due?

Federal and some state income taxes are now due on May 17 ( check your country ‘s updates ). While you need to submit a tax render by the file date every year, you may besides need to file your taxes quarterly and make calculate tax payments. ( quarterly estimated taxes are however due April 15. ) The IRS by and large requires little business owners to make quarterly estimated payments if they expect to owe a minimum of $ 1,000. Filing quarterly is n’t necessarily a bad matter. After all, it allows you to make four smaller tax payments versus one big tax requital. here ‘s when estimated tax payments are due :

  • First quarter (January 1 to March 31): April 15, 2021
  • Second quarter (April 1 to May 31): June 15, 2021
  • Third quarter (June 1 to August 31): September 15, 2021
  • Forth quarter (September 1 to December 31): January 18, 2022

You can make estimate tax payments through some on-line tax software, the Electronic Federal Tax Payment System ( EFTPS ) or by mailing in a completed 1040-ES form with your requital. If you mail in your requital, it must be postmarked by the ascribable date to avoid penalties .

What happens if I miss the tax deadline?

If you miss the April 15 deadline, file your taxes vitamin a soon as possible. You may incur a fee if you file late, and it only gets pricier the longer you wait. If you file recently and owe taxes, you ’ ll incur a tip. however, you won ’ triiodothyronine incur a penalty if you don ’ deoxythymidine monophosphate owe and alternatively have a tax refund coming. That said, there ’ s no way to know if you ’ ll owe taxes or not, so it ’ randomness significant to file on clock .

How much does it cost to file taxes?

Most small business owners will have to pay for their tax homework. Unlike with individual tax returns, there are identical few loose programs .

Our methodology

To determine which tax software offers the best way for small commercial enterprise owners to file their taxes, Select compared each program on a range of features, including :

  • Cost
  • User experience
  • Expert tax assistance
  • Accuracy and maximum refund guarantee
  • Better Business Bureau (BBB) rating
  • Customer reviews, when available

cost was one of the most significant factors. While one of the services offers free federal filing, many business owners may want to benefit from robust software, consequently paying to file their taxes. We evaluated the monetary value per design and weighed the features you receive, like the ability to maximize deductions and credits. The more bang for your vaulting horse, the higher a service ranked. Whether you ’ re new to filing taxes or a temper pro, user experience is crucial to filling out and submitting your return quickly and with short frustration. The services we chose had to be relatively user friendly. The ability to speak with a tax technical or support representative was a big summation. All five of the best tax software offered some form of digest. And if a serve supported consumers with a generous accuracy and maximum refund guarantee, it was ranked higher. We besides considered the Better Business Bureau evaluation associated with the software. BBB ratings help determine whether a commercial enterprise is operating responsibly and if it helps to resolve customer complaints in a timely manner. Customer reviews were besides taken into retainer. After reviewing the above features, we sorted our recommendations by best for overall tax file, runner-up, spare tax software, most low-cost and best accuracy guarantee.

The federal and state filing fees for the software programs mentioned above are topic to change without notice. many programs don ’ thymine charge you until you file, so there ’ s a casual the fees can change from the clock time you start your refund until you submit it. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select column staff ’ s alone, and have not been reviewed, approved or otherwise endorsed by any third party .

informant : https://www.peterswar.net
Category : Finance

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