Turbotax small business is tax filing software that is suitable for small-sized businesses and self-employed people. It supports a range of tax forms and provides guidance on filing quarterly estimated taxes. It also helps small-scale businesses manage income tax in relation to rental properties as well as real estate. Users can get support through live chat and email, and a curated content hub covers topics like taxes and business.

Customers can pick from multiple services, as well as download versions of the software. The basic service for freelancers and sole proprietors starts at $170 for a federal filing and $55 for each state. TurboTax Business is the premium version that supports S corporations as well as multi-member limited liability businesses.

Intuit’s software compares your return to the database of 350 credits and deductions, helping you maximize the refund. It's available on desktop computers, the mobile app as well as the QuickBooks online portal.

To use TurboTax Business, you must have all your business data in front of you, which report your company's earnings and expenses. The software will help you determine how to categorize your business. For instance, you'll need determine whether you'll employ the accrual or cash method of accounting.

The program can be used to determine if you have a business expense that can be deducted. The program can track big purchases, and will help you decide on your strategy for depreciation. Depending on the type of business you operate in you may have to pay a variety other local and state taxes. They are usually filed by the state tax agency.