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The Top 7 Tax Softwares For Business Owners in 2020

The Best Software Options for Business Owners in 2020

Photo by Kelly Sikkema on Unsplash

If you need a Tax Software for your business then look no further than this list of options. Employing a software that suits your business is so important, so take a look below to find the right software for you.


QuickBooks

This product was recommended by Kenny Trinh from Netbooknews

Quickbooks is designed to help businesses of different sizes streamline their financial management. It can help you prepare and file your taxes and even respond to new rules and standards. You can also link the software to your bank and credit card accounts and check on how your business is doing anytime you want. It is highly-secure but comes with an affordable price tag that small businesses usually look for.


TaxSlayer

This product was recommended by Robert Johnson from Sawinery

For those who find other oft-suggested services expensive, TaxSlayer is the way to go. You still have access to premium features without putting too much of a strain on your expenses. Some of these features include VIP support and Personal Tax Expert, which is enough assurance that the information you are adding is accurate.

If you’re after potential deductions, that’s possible to know with TaxSlayer too. For a program that is targeted for taxpayers that require minimal supervision, TaxSlayer is highly intuitive, and its audit assistance feature is very useful.


Microsoft Business Central

This product was recommended by Sue Wright from D365 Experts

With Microsoft Dynamics 365 Business Central, you get a cloud based, all-in-one business management solution that provides you with the ability to upgrade from your entry level software solutions to one that grows with you. You can move from your current ERP system and entry-level accounting solution to one single, comprehensive solution that manages finances, taxes, sales, customer service, operations and much more. There are numerous advantages to using Dynamics Business Central.


Liberty Tax

This product was recommended by Jane Flanagan from Tacuna Systems

Liberty Tax offers personal and business tax preparation and the opportunity for online filing. This company guarantees maximum refunds, accurate calculations and a free double check of returns from other providers. Liberty Tax provides year-round support and correspondence and audit assistance.


1040

This product was recommended by Jessica Miller from Bike Inquire

1040.com offers DIY tax filing with an interview-style filing procedure and free updates from prior filings. This software offers accuracy checks, e-filing with direct deposit for fast refunds, autocomplete state returns, and encrypted data security. Additionally, 1040.com allows users to pay the balance with a refund for an additional fee.


Asap Credit Solutions

This product was recommended by Timo Wilson from Asap Credit

When we start a business, no matter how small it is, no one is exempted in paying taxes and we all know that paying taxes is a bit complicated and hectic so we sometimes hire an accountant to make the process easier. But right now, I will be recommending the best tax software that can help you to monitor and update your taxes without needing help from an accountant.


TaxAct

This product was recommended by Noman Asghar from Fan Jackets

TaxAct is the best software for those who are experienced in using Quickbooks. It’s easy and affordable for small business owners. It provides many facilities such as integration of tax software that uses CSV format, integration of previous tax returns to do comparison, and 24×7 help support by their team.

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