Who Should Use TurboTax Business Edition? If you run your own business or are part of a Partnership, LLC, Trust, or S Corp, then Turbo Tax’s Business Edition is probably best for you. We discuss their Business Edition in more detail below, including whether it’s the best software for you, reviews, and a pretty sweet coupon for up to $10 off.
Now, let’s decide if TurboTax Business is the best edition for your small business needs.
TurboTax Business Features:
TurboTax Business comes loaded with business-friendly features including:
- Import last year’s tax return
- Import income & info from Quickbooks
- Support and guidance for entering income & expenses
- Expertise for industry-specific tax deductions
- Additional guidance for new businesses
- Guidance for business asset depreciation
- Create unlimited 1099 and W-2 forms
- See all features
Partnership, LLC, Estate, Trust, or S Corp? (Oh My!)
As a small business owner, you have the option of paying a CPA to do your taxes, or preparing them yourself. Accountants are expensive, but the DIY process with tax software can be intimidating; especially for new businesses.
That’s why I don’t recommend any other brands besides TurboTax and H&R Block. Sure there is cheaper software, like TaxAct, but why risk a bad experience or missing tax deductions to save $50?
Curious? Here’s what TurboTax customers say about the Business Edition in their ratings & reviews:
Turbotax Business Customer Reviews:
The product page on turbotax.intuit.com is the only place online where you can read honest reviews for TurboTax Business from verified customers. While most customers are happy with both the cost and experience, there are a number of bad reviews, too.
That’s ok! I’ve found that you can usually learn more from negative reviews than positive ones. Read both to better understand if TurboTax Business is the best tax software for your small business, S Corp, or LLC.
*Read TurboTax Business customer reviews at: turbotax.intuit.com/small-business and learn what small business owners like and complain about.
*Related: Why the TurboTax Free Edition Isn’t Free
TurboTax for Small Business: Cost?
TurboTax Business Edition is designed to handle your more complex small business taxes while offering guidance and support throughout the tax preparation process. For this reason, the Business Edition is more expensive than their other editions.
Currently the TurboTax Business Edition costs $169.99 online, which is less expensive than buying the CD at a big box or office store. The good news is that early in the tax season the price is at least $10 less. To see today’s best price at turbotax.intuit.com, click here.
*Note: TurboTax Business download / CD is available for PC only, and not compatible with Mac as of 2020.
TurboTax Business Coupon?
We currently have an exclusive discount through Intuit for all popular editions of TurboTax including Self-Employed. While their Business Edition is not usually included, you can get $10 off if you buy the software before March 15th through this link.
If any other coupons become available specifically for the Business Edition, we will post them on our TurboTax coupon page here.
Top-Rated Customer Service from Intuit:
One of the best features of TurboTax Business is the top-rated customer support that is included. Every download of their Business Edition includes guidance and support from professionals for your small business taxes. Whether you have a late-night question about deductions, or need help reporting expenses and profit, TurboTax has you covered.
Turbotax Business Edition: Who Should Use It?
Are you a small business owner? Congratulations! You’re part of a growing group of people who are taking control of their professional development. Entrepreneurs are the backbone of our economy, creating 55% of all jobs in America and providing jobs for eight million workers.
In fact, there are 28 million small businesses in the U.S. generating more than $900 billion for the economy!
Small businesses are the gateway to growing an established company and creating something larger. It’s a great way to get your feet wet and learn the ins and outs of ownership.
The benefits of owning a small business go on and on, but as any new entrepreneur knows, it’s not always that easy.
One headache that’s absolutely unavoidable is filing taxes. Although small business owners have a lot on their plate, tax time doesn’t have to be stressful. You’re going to learn that Turbotax Business is a tool every entrepreneur needs in their go-to kit.
Thought Turbotax was just for individual filers? Think again. Turbotax Business is the program of choice for S Corps, C Corps, Estates, and Multi-Member LLCs.
The Convenience of Their Business Edition
First off, every small business owner knows to keep track of their every expense. Whether it’s paying rent for a store, or just ordering personal business cards, (get 500 for $10 + shipping!) every deduction is money in your pocket.
You’re probably used to using a program like Quickbooks to stay on top of every dollar flowing in or out. Great news – Turbotax Business seamlessly integrates with your records, and easily imports data.
Tip: TurboTax Business offers full support for all Schedule C filers and will walk you through all deductions and credits you’re eligible for as a small business owner.
And when you file, they give you the option of paying for your filing with your refund, too. How simple is that?
So, if you have a small business, S-Corp, or multi-member LLC, TurboTax Business Edition is probably the best software choice for filing your Federal and State taxes. They also have editions like: Self-Employed, Premier, and special software for students and military.
Not sold on TurboTax? Check out our coupons for H&R Block tax software here.