TurboTax Business

Tax preparation for federal & state income tax returns

About TurboTax Business

TurboTax is a tax preparation solution that helps users get their maximum tax refund for federal and state income tax returns. The platform guides users step-by-step to to identify business purchases, and automatically scans bank and credit card transactions. Users can track expenses in real time, track miles automatically, and capture receipts via mobile device.

TurboTax Online includes federal and state e-filing, with over 350 automated tax deductions to help identify every deduction, perfect for independent contractors and small businesses. Users can snap a photo of their W-2 form via mobile phone or tablet, verify their data, and watch as information is securely placed into all the right tax forms.

Basic life questions help users find new tax deductions and credits they may be eligible for, with detailed explanations for any changes in tax refunds, including tips on how to earn the biggest refund possible. Credentialed CPAs and EAs provide users with one-on-one answers to tough tax questions, and guide users by drawing and circling fields on-screen. Personalized reports allow users to understand what impacts their tax refund, including information on ESPPs, stocks, bonds, and other investment income.

The platform also covers rental property income and tax deductions, and helps maximize on business deductions for phone, vehicle, supplies, home office and more. Users receive an email confirmation once the IRS receives their efiled tax return, with alerts for when it lands into the bank account. TurboTax studies IRS and state tax laws on a regular basis, making sure the software is always up to date.

Pricing starting from:

US$34,99/one-time

  • Free Trial
  • One Time License
  • Free Version

Key benefits of TurboTax Business

The platform's ExpenseFinder feature automatically gathers and scans the user's bank and credit card transactions to help identify business purchases.

Users can store all important tax documents on TurboTax's secure servers for around-the-clock access and protection.

With TurboTax's SmartLook feature, users can connect with live, credentialed experts who specialize in self-employment taxes, enabling users to file with confidence.

The solution's CompleteCheck feature runs a comprehensive review of the entire tax return before filing, and walks users through any changes to ensure nothing gets missed.

TurboTax Online offers the convenience of preparing and e-filing tax returns from virtually any connected computer or mobile device.

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Pricing starting from:

US$34,99/one-time

  • Free Trial
  • One Time License
  • Free Version

Images

View a summary of returns and print, save or preview the year's return
Preview 1040 forms
Track expenses in real time and categorize them throughout the year
Keep every trip logged with  on-the-go mileage tracking
Point, snap, and store receipts and never lose proof of an expense
The platform also covers rental property income, tax deductions, and more
TurboTax asks questions in order to help users fill in all the right tax forms
TurboTax helps find every deduction and credit that applies
Jumpstart the refund process by automatically importing W-2 tax forms
TurboTax works like an interview, asking questions that could affect tax situations
View 11 more
TurboTax Business video
TurboTax Business video
TurboTax Business screenshot: View a summary of returns and print, save or preview the year's return TurboTax Business screenshot: Preview 1040 forms TurboTax Business screenshot: Track expenses in real time and categorize them throughout the year TurboTax Business screenshot: Keep every trip logged with  on-the-go mileage tracking TurboTax Business screenshot: Point, snap, and store receipts and never lose proof of an expense TurboTax Business screenshot: The platform also covers rental property income, tax deductions, and more TurboTax Business screenshot: TurboTax asks questions in order to help users fill in all the right tax forms TurboTax Business screenshot: TurboTax helps find every deduction and credit that applies TurboTax Business screenshot: Jumpstart the refund process by automatically importing W-2 tax forms TurboTax Business screenshot: TurboTax works like an interview, asking questions that could affect tax situations

Features

Total features of TurboTax Business: 19

  • Activity Tracking
  • Alerts/Notifications
  • Categorisation/Grouping
  • Corporate/Business
  • Customizable Reports
  • Data Import/Export
  • Data Verification
  • Deduction Management
  • Electronic Filing
  • Expense Claims
  • Expense Tracking
  • Historical Reporting
  • K-1 Reporting
  • Mobile Access
  • Payroll & Employer Forms
  • Purchasing & Receiving
  • Reporting & Statistics
  • SSL Security
  • Tax Calculation

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Reviews

Overall rating

4,7 /5
(157)
Value for Money
4,4/5
Features
4,6/5
Ease of Use
4,6/5
Customer Support
4,1/5

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Showing 5 reviews of 157
Shilleah S.
Overall rating
  • Industry: Consumer Services
  • Company size: 11-50 Employees
  • Used Other for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 9.0 /10

Cheaper than an Accountant!

Reviewed on 2019/06/17

We've only used it this year, and so far, I love it. It was super easy to link up Quickbooks and...

We've only used it this year, and so far, I love it. It was super easy to link up Quickbooks and all our employee info. Very intuitive filling out the tax forms as well.

Pros

I love that it syncs with our Payroll, that is why we switched from TaxAct is because TurboTax syncs directly with our Intuit Quickbooks.

Cons

It's more expensive than TaxAct, and the customer service takes forever to get an actual agent on the phone.

Joseph Z.
Overall rating
  • Industry: Internet
  • Company size: 2-10 Employees
  • Used Other for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 10.0 /10

File your business taxes in an hour

Reviewed on 2020/01/26

I did not need a CPA; I paid a fraction of what I would have paid a CPA firm

I did not need a CPA; I paid a fraction of what I would have paid a CPA firm

Pros

I couldn't believe how comprehensive yet easy it was to be walked through the process for answering questions and providing data that would calculate my Federal and state taxes.

Cons

It was so thorough that there were a lot of questions that were not relevant to my business so I felt like I was spending too much time on moot things.

Andy S.
Overall rating
  • Industry: Music
  • Company size: Self Employed
  • Used Other for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Amazing for Business Owners and Self-Employed

Reviewed on 2021/03/30

My overall experience has been amazing. Truly a helpful solution to doing your taxes and it is a...

My overall experience has been amazing. Truly a helpful solution to doing your taxes and it is a fraction of the cost of a CPA. Every dollar can count when you're self-employed so saving that little bit during tax season and being at ease knowing you're using a great platform has helped a ton. Highly recommended!

Pros

TurboTax saves a lot of money versus going to a CPA for tax season! It's highly intuitive and easy to use, even while being self-employed and owning my own business. Every year, the financial landscape changes and different sources of income come and go, but TurboTax asks you so many specific questions while working on your tax return that it makes figuring everything out very easy. In cases where I have been confused, a quick google search yields many results from their site and customer support, which have answered every question I've ever had. I've heard that their customer service and guidance is amazing but I haven't needed to use it.

Cons

Occasionally there is a vague question but that is very rare and usually easily answered. Also, at the end of your return, if something is wrong, it won't process its final analysis so you need to go back and find the problem. Sometimes it's easy to find and other times they don't make it pop out so you have to search for a bit to figure out what was missed or what is incorrect.

Brandon M.
Overall rating
  • Industry: Law Practice
  • Company size: 2-10 Employees
  • Used Other for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

Gets worse every year that goes by

Reviewed on 2020/03/14

TurboTax is a one-stop-shop for the two certainties in life, Death and Taxes, because by the time...

TurboTax is a one-stop-shop for the two certainties in life, Death and Taxes, because by the time you're halfway through using their product, you'll be sure to want to blow your brains out.

Pros

The only thing I used to like is that it would sync with other free Intuit products like Mint, but the new version is so buggy that even syncing doesn't work

Cons

1. Suprise charges. Anything you do will sneak attack you with an upcharge for a necessary feature when you're halfway through. For example, the business version will charge you about $175 just for the software, then another $60 or so for your state, and if you're in NYC, it'll try to charge you even more for the city. Even their phone support team didn't know if NYC and NY State were necessary concurrently. The free version of the personal version hits you about halfway through with a surprise, "if you want to add a 1099, you have to pay us."

2. Bugs galore. The software logs you out, won't accept your password when you try to log back in, and won't let you reset your password. More wasted time.

3. Phone support is near non-existent, and the few staff members who do man the phones appear to lack information and authority to necessary to provide effective assistance. Also, you have to go through a phone tree where you may as well have to answer three riddles and sacrifice your firstborn to get to a human, and by the time you get that poor bastard on the other end of the line, you're seeing red and using every ounce of willpower not to take out your rage on the poor soul who is no doubt underpaid by a corporation that singlehandedly lobbied (successfully) to ensure that your taxes could not be done for you automatically by states for free.

Ken B.
Overall rating
  • Industry: E-Learning
  • Company size: 51-200 Employees
  • Used Other for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Likelihood to recommend 10.0 /10

Makes Taxes Easy

Reviewed on 2021/03/18

Overall, I love using the software. Makes doing taxes quick and gives me the confidence that I...

Overall, I love using the software. Makes doing taxes quick and gives me the confidence that I didn't miss anything. Also, the auto-calculations ensure that there are no mathematical errors on your part.

Pros

I have used TurboTax for Business for years. In addition to being an employee, I also have some of my own Sole Proprietorships. The software walks a person step-by-step through every aspect of his taxes, accounting for all his income and also for all possible deductions and credits. It auto-calculates the totals.

Also, you can use the software to file your taxes electronically, which usually results in a very quick refund, if any is due.

Cons

Occasionally, there are special circumstances when you have to do a manual over-ride of the software's calculations, but if you do that then there are times when you can't use the software to file electronically. Your calculations will still be correct, but you'll have to file a printed paper copy and send through the mail rather than electronically. This isn't the case with all manual over-rides, but it can happen.

Showing 5 reviews of 157 Read all reviews

TurboTax Business FAQs

Below are some frequently asked questions for TurboTax Business.

TurboTax Business offers the following pricing plans:

  • Starting from: US$34,99/one-time
  • Pricing model: One Time License, Free
  • Free Trial: Not Available

Federal Free Edition: $0 Federal, $0 State Deluxe: $34.99 Premier: $54.99 Self-Employed: $99.99

We do not have any information about TurboTax Business features

TurboTax Business has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500

TurboTax Business supports the following languages:

English

TurboTax Business supports the following devices:

Android (Mobile), iPhone (Mobile), iPad (Mobile)

TurboTax Business integrates with the following applications:

QuickBooks Online Advanced

TurboTax Business offers the following support options:

Email/Help Desk, FAQs/Forum

Related categories

See all software categories found for TurboTax Business.