TurboTax Home and Business
If you are having trouble filing your tax returns and you do not want to pay exorbitant fees to hire a professional tax preparer, you should consider getting TurboTax. TurboTax is presently the most widely used tax preparation software, and it has been proven to be very effective. It does not only make tax preparation more hassle-free and accurate; it can also help taxpayers gain maximum refunds.
If you are a sole proprietor or a single owner of a limited liability company, the most suitable version for you is the TurboTax Home and Business.
TurboTax Home and Business has all the necessary features and capabilities to make tax preparation an easier and more rewarding experience for you. It provides the best tax preparation solutions for sole proprietors, home business owners, single-owner limited liability companies, and those who have a side job. It can help you prepare W2s and 1099s for your employees and contractors as well as file personal and business taxes together.
TurboTax Home and Business is equipped with all the excellent features that are included in TurboTax Premier. Some of these features include easy tax questions, automatic completion of W2s and 1099s, direct import of financial data, SmartCheck scans, guaranteed accurate calculations, EasyGuide, live tax answers, free technical support, automatic import of investment information, 401(k) maximizer, maximization of rental and refinancing deduction, audit risk tracking, maximization of tax deduction, and faster refunds. All these features combine to make the tax preparation process much easier, as well as more efficient, accurate, and rewarding.
In addition to the abovementioned features, there are a number of special features in TurboTax Home and Business 2012 that are particularly beneficial to those who need to prepare personal and business taxes. The software provides excellent assistance to enable you to find all the small business tax deductions that you qualify for, including home office expenses, supplies, utilities, vehicles, and others.
It comes with a feature that makes it possible for you to get the highest amount of deduction for your vehicle. This feature will show you the amounts of deductions that you will receive if you use actual expenses or standard mileage rate, as well as help you split vehicle expenses for personal and business use. Additionally, TurboTax Home and Business will give you a walk-through of industry-specific tax write-offs, so that you can spot deductions that are commonly overlooked.
Many of the complicated procedures of preparing personal and business taxes are made simpler by TurboTax Home and Business. The software will display all types of business income on a single page, so that you can be sure that you have covered every relevant source of business income. It also streamlines expense entry by providing walk-through of all categories of expenses and suggestions for maximizing savings.
Furthermore, you will receive the necessary guidance to prepare unlimited forms for your employees and contractors. To enable you to get maximum deduction, the software will offer advice on which depreciation method you should use. TurboTax Home and Business also provides special guidance for new businesses.