https://turbotaxsmallbusiness.com/successful-project-management-for-small-business/
It’s important that you pay your taxes when you run a business. Fortunately, there are many options to select from. Intuit offers multiple service levels and downloadable options that offer a user-friendly tax filing. However, these solutions aren’t cheap especially if you are required to file multiple state returns.
TurboTax Business offers a wide array of features for businesses tax filing. It allows users to prepare federal and state taxes, check for errors and omissions and receive a quick refund. It also helps users determine the tax liabilities of their company and determine tax-deductible expenses. It has a database of more than 350 deductions and credits, and it uses this information to calculate the best return for your business.
The software also assists users to submit quarterly estimated tax returns with the IRS. This is generally required if you expect to owe over $1,000 in taxes. Users can choose to make these payments via the Electronic Federal Tax Payment System, or they can send them in with a 1040-ES form.
The TurboTax Business software is a great choice for small businesses in need of help with their taxes. Its interface is simple to navigate and the software can handle a broad range of credits and deductions. It is made for single-member LLCs and contractors who receive W-2s and 1099-MISCs. In addition, the software aids users in filing business partnership and S corporation returns. It can also calculate capital gains and loss for property sales, as well as other investment transactions.
