If you own an enterprise, it’s essential to prepare your taxes. There are a myriad of options to pick from. Intuit offers multiple service levels and downloadable options that offer users with a simple tax filing experience. However, these options can be expensive especially if you are required to submit multiple state returns.

TurboTax Business offers a wide array of features for businesses tax filing. It allows users to prepare federal and state tax returns, examine them for errors and omissions, and then receive a quick refund. It aids users in determining their tax liability for their business and identify deductible expenses. Its database contains more than 350 deductions and credits, and uses this information to determine the best return for your business.

The software allows users to submit quarterly estimated tax payments with the IRS. If you anticipate owing over $1,000 in taxes, this is usually required. Users can pay using the Electronic Federal Tax Payment System or mail in the form 1040ES.

The TurboTax Business software is a great option for small businesses who require assistance with their taxes. Its interface is easy to navigate, and the program is able to handle a wide array of deductions and credits. It is suitable for use by single-member LLCs, sole proprietors as well as contractors who receive W-2s or 1099-MISC forms. In addition, the software aids users in filing business partnership and S corporation returns. It can also help calculate capital gains and losses on property sales and other investment transactions.

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