Turbotax small business is tax filing software for incorporated small-sized businesses and self-employed people. It supports a variety of tax forms, and provides guidance on how to file your quarterly estimated taxes. It also helps small companies manage tax issues related to rental properties and real estate. Users can get support through live chat and email, and a content hub that covers topics such as taxes and business.

Customers can choose from multiple services and download versions of the software. The basic package for sole proprietors or freelancers starts at $170 for federal filing and $55 for each state. TurboTax Business is the premium version that allows S corporations and multimember limited liability companies.

Intuit’s software checks the return against a database of 350 credits and deductions to help you maximize your refund. It’s accessible on desktop computers as well as the mobile app as well as the QuickBooks Online portal.

TurboTax Business requires that you have all your business records, including the company’s earnings and expenses in front of you. The software will help classify your company. For instance, you’ll need to decide whether to utilize the accrual or cash method of accounting.

You can also use the program to determine if you have an expense in your business that’s eligible for a tax deduction. The program can help you track the cost of large purchases and can help you determine your depreciation strategy. Based on the field you work in, you may have to file other state and local tax. These are often filed with the tax department of the state.

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