TurboTax can be used by small business owners of all kinds regardless of whether they are sole proprietors, independent contractors or multi-member companies. The Intuit tax filing software comes with multiple service levels and downloadable software to assist you in filling out the various forms required for reporting your business’s expenses and earnings. The see this avast business patch management review software allows you to create W-2, 1099MISC and 1099-DIV forms for employees and contractors as well as K-1 forms for estates and trusts. In addition you can also complete your business tax filing using the accrual method of accounting, which permits you to deduct expenses over a longer period of time instead of using a straight line method.

TurboTax has a database of more than 350 credits and deductions to ensure you get the maximum return. It also conducts an accuracy check for each return, and if it finds any errors or mistakes the firm promises to pay any IRS or state penalties.

For those with more complex business returns, TurboTax Live Business offers year-round support from certified experts who are up to date with the most recent federal and state tax changes. It is available in some states and lets you either delegate your company’s tax burden to an expert tax professional (for S-corporations multi-member LLCs, multi-member LLCs, and partners) or utilize the self-service option to maximize your credits and deductions.