why not find out more how to choose a pos system for a small business
Whether you’re a sole proprietor or an independent contractor, or a multi-member LLC, TurboTax is designed to serve the varied needs of small business owners. The tax filing system owned by Intuit includes a variety of tiers of service and downloadable software that are designed to assist you in filling out the countless forms needed to document your business’s earnings and expenses. It is able to create W-2, 1099MISC and 1099-DIV forms to employees and contractors, as along with K-1 forms to be used for trusts and estates. Additionally, you can also file your business taxes using the accrual method of accounting, which allows you to deduct expenses over a longer time rather than a straight-line approach.
TurboTax makes use of a database with more than 350 deductions and credits to make sure you get the most amount of money. TurboTax also conducts an accuracy check for every return and if it detects any errors or mistakes the company will pay any IRS or state penalties.
TurboTax Live-Assisted Business is designed for those who have more complex business returns. Certified tax experts are on hand to provide unrestricted guidance throughout the year, and they’re up to current with the most recent tax laws, whether federal or state-wide. It is offered in certain states and allows you to either fully delegate your business’s tax burden to a tax professional (for S-corporations, multi-member LLCs, and partners) or use the self-service option to maximize your credit and deductions.
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