Owned by Intuit, the company behind QuickBooks, TurboTax is the most popular and widely used tax preparation software for both individuals and businesses. We looked at nearly a dozen business tax software providers for this review and chose the best based on ease of use, preparation and audit support, cost, accuracy and refund guarantees, and more. By comparison, small business tax software costs between $50 to $200 plus state filing fees (typically $20-$45). According to the National Society of Accountants, having a business tax return prepared by a professional can run on average $187, not including the state filing, and an itemized 1040 personal tax return with the state return averages $294. Due to the increased reliability of tax preparation software, business owners who do their own taxes can see a significant amount in savings.
Fortunately, small business tax software makes it easy for owners to file their taxes, maximize their deductions and refunds, and avoid an IRS audit, all without having to hire a CPA. The only thing more stressful than filing a personal tax return is filing one for a business. We may receive commissions on purchases made from our chosen links. You can learn more about our independent review process and partners in our advertiser disclosure.
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