TurboTax Business
About TurboTax Business
TurboTax Business is mobile-friendly tax preparation software that guides businesses step-by-step when submitting federal & state income tax returns. The platform guides users 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 devices.
TurboTax Business 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 business deductions for phone, vehicle, supplies, home office, and more. Users receive an email confirmation once the IRS receives their e-filed 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.
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 Business offers the convenience of preparing and e-filing tax returns from virtually any connected computer or mobile device.
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Reviews
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- Industry: Consumer Services
- Company size: 11–50 Employees
- Used for 1-5 months
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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.
- Industry: Health, Wellness & Fitness
- Company size: Self Employed
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 9.0 /10
A bit expensive, but great for deductions.
Reviewed on 2021/11/27
Overall, my experience has been pleasant and it gets my taxes over and done with, even if I think...
Overall, my experience has been pleasant and it gets my taxes over and done with, even if I think they charge a bit too much for small businesses.
Pros
One thing I liked about TurboTax vs another tax system I also have used over the years, is that it does deductions a bit differently. It really helps you break it down to know what you can and cannot add. This is helpful for businesses that have to buy larger equipment or equipment more constantly to keep up with their demand.
Cons
Like the other company I use, they can be a bit expensive for small companies.
- Industry: Investment Management
- Company size: Self Employed
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 0.0 /10
Bug in Business Software downloading
Reviewed on 2024/01/25
Terrible!!! Look under con part to see what Issues I had.
Terrible!!! Look under con part to see what Issues I had.
Pros
Nothing was good since I was unable to get software downloaded ok.
Cons
- unable to download business software package or uninstall it.
- Spent 5 hours on phone with technical staff and they could not resolve the issue.
- Technical staff not familiar with potential issues and are not understandable.
- Every year there is an issue with Turbotax Business Software
- Trusts should not be part of Business software package.
- I was able to easily download Turbotax Premier software OK.
- Industry: Legal Services
- Company size: Self Employed
- Used Monthly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
TurboTax Business - Essential Tool for Filing Business Taxes Yourself
Reviewed on 2024/12/31
Excellent. I have filed both individual and business taxes with Turbotax for years.
Excellent. I have filed both individual and business taxes with Turbotax for years.
Pros
Turbotax is an easy and convenient way to pay your taxes online without having to hire an accountant. The process is easy and user-friendly. I even love that you can file for tax extensions through Turbotax. It saves a lot of time and money and you can file your state and federal taxes at the same time in one place.
Cons
Business returns can cost more than an individual return and various plans are not cheap, but they are less expensive than hiring an accountant.
- Industry: Internet
- Company size: 2–10 Employees
- Used for 2+ years
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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.
Alternatives Considered
TaxAct BusinessReasons for Switching to TurboTax Business
They had my data from previous years so there was no real need to switch and I like it all in one platformTurboTax Business FAQs
Below are some frequently asked questions for TurboTax Business.Q. What type of pricing plans does TurboTax Business offer?
TurboTax Business offers the following pricing plans:
- Starting from: US$170.00/one-time
- Free Trial: Not Available
Includes free federal e-file. Additional $20 per state return.
Q. Who are the typical users of TurboTax Business?
TurboTax Business has the following typical customers:
Self Employed, 2–10, 11–50, 51–200, 201–500
Q. What languages does TurboTax Business support?
TurboTax Business supports the following languages:
English
Q. Does TurboTax Business support mobile devices?
TurboTax Business supports the following devices:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does TurboTax Business integrate with?
TurboTax Business integrates with the following applications:
QuickBooks Online Advanced
Q. What level of support does TurboTax Business offer?
TurboTax Business offers the following support options:
Email/Help Desk, FAQs/Forum
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