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Business tax software is a great option for small business owners looking to file taxes without the assistance of an accountant. Most software programs are designed by accountants, so they are a virtual option to gain assistance without the high price tag. There is not a single "best" software program to use. Any program that offers the basic services needed will be adequate, and you can prioritize additional features in order to find the program for you.
User Friendliness
You will not know if a program is user friendly based on the box alone. When you go into a supply store, consider asking an associate about recommendations for a tax program. Many of these associates are learned in the various options; they can ask you questions about your computer knowledge to help you pick the best choice. Online reviews are also very helpful in determining customer success.
Online Support
Even if you do not want to talk to an accountant, you should be able to ask questions about the software or simple filing choices when you need to. Many programs come with access to 24 hour support, whether this is over the phone or online. Seek a support enabled software. You may even find an option that has an online chat feature, and this is typically the fastest way to get answers to simple questions.
File Back Up
Backing up your files is essential to protecting your business from fraud, lawsuit and audits. However, it is a hard thing to remember to do. Software programs that automate this step offer essential help. Backing up the files on your own computer or in your office is not enough. If you have a fire, flood or theft problem, the files could be lost. Online back up through your tax software protects you from these possible disasters.
Form Preparation
Once you have answered all of the questions on the tax software, you should be able to print out an IRS form directly. Some software programs will simply instruct you on how to fill out the forms. This can be confusing, and it reduces the actual help you receive from the program. Look for a program that just prints out the form for you, already filled out. You may even be submitting electronically, which most business owners prefer, and signing documents electronically. However, the program should still print the prepared form for you so you have it for your records.
Ongoing Options
When next tax season comes around, you may be asked questions about this year's tax filing. Save yourself the hassle and select a software program with ongoing support options. H&R Block's eFile program will ensure you receive a copy of your previous year's taxes through the mail before tax season the following year. You may even choose a software program that has ongoing bookkeeping options, allowing you to constantly update your tax information as you go. The more this process is automated, the less time you will spend at a computer come April each year.
