Intuit ProSeries Tax

Intuit’s ProSeries Tax platform received top marks due to its combination of industry credibility, longevity, popularity, and popularity. Intuit’s QuickBooks platform allows accounting professionals to import data. This seamless compatibility allows clients to save time when tax preparation is required.

ProSeries includes many different products. Two products are particularly important for professional tax preparers:

• Lacerte tax is a complete program that offers many features in both the cloud and desktop versions
• ProConnectTax is a cloud-based, professional tax platform that simplifies and automates the process

Intuit describes Lacerte to be an elite program with many features that can handle complex tax returns. Lacerte has more than 5,700 tax forms, and can alert users to over 25,000 possible errors. Advanced encryption and an enterprise firewall are also included in the program to protect client data.

ProConnect offers more than 5,700 tax forms. ProConnect performs over 20,000 calculations automatically and has diagnostic tools that cover more than 21,000 possible processing errors.

Intuit has a Lacerte pricing policy. Prices vary depending on which features you choose. ProConnect pricing plans are based on the number of returns that you process. There are no hidden fees or contracts.

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Drake Tax

Drake Tax is a top choice for accountants that primarily serve small and medium-sized businesses, according to numerous reviews. The platform offers a balance between affordability and advanced features to help clients with complex tax situations.

Drake Tax’s main features help tax professionals in four key areas.

• PreparationDrake Tax was designed to speed up and save time. You can update tax returns from the past for the current filing period.
• Planning & Analysis:Year to-year comparisons and archiving are just a few of the advanced analysis and planning capabilities offered by Drake Tax.
• ReviewingThis program allows users to avoid rejections and errors by providing at-a glance information. With customized collating options for printing hard copies, accountants can save time.
• Electronic Filing –Clients have the ability to approve documents electronically using consent prompts and electronic signatures.

Pricing plans offer three tiers and a pay per return option. Although Drake Tax is praised by users, some customers have complained about its inability to manage large client lists.

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TaxSlayer Pro

TaxSlayer Pro, the professional version of TaxSlayer’s tax preparation platform, is TaxSlayer Pro. One of the most valuable features of TaxSlayer Pro was developed by accounting professionals. Unlimited live support is available with a wait time of 60 seconds. This includes peak tax season.

There are three options for the platform: web, premium, or classic. The classic version includes standard features such as unlimited electronic filing across all 50 U.S. States. Premium features include a mobile app, paperless service, and a client management portal. TaxSlayer Pro’s cloud-based web service offers the most comprehensive feature set and is only available online.

Flat-rate pricing is available for all three packages. Prices range from $1,295 up to $1,595 as per 2022. You can try the software free of charge for a trial period. Although there are occasional issues with real-time messaging and templating, user feedback is generally positive.

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H&R Block

H&R Block is well-known in the tax preparation field. It was voted the best tax software in 2022 by numerous reviews for its versatility, performance, and ease-of-use.

H&R Block software offers a wide range of features to help business owners.

• Recognizing and claiming deductions
• Compliance with business structure standards
• Automatically track and report payroll taxes

H&R Block offers several guarantees for its small business tax software. There is a maximum refund guarantee as well as a guarantee of software accuracy. This last offers a reimbursement of up $10,000 for penalties and interest charges that are the result of software errors.

An H&R Block tax specialist will review the returns of users to ensure accuracy before they are filed. This is done for a fee. H&R Block can also provide representation to business tax software users who are subject to auditing.

H&R Block recommends the premium package and the business package to small business owners. This option is $89.95 as of 2022.

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Intuit TurboTax

TurboTax has received praises from small and large business users as well as individuals. It is a market-leading solution in three areas, according to professional reviewers and experts.

• Support for self-employed professionals as well as sole proprietors
• Virtual assistance
• Integration of third-party and other app data

With the help of a expense calculator, self-employed users can find tax deductions that are specific to their industry. It also provides enhanced support for common schedules and forms that self-employed professionals need. These include Schedules C, K-1 and Form 1065.

TurboTax offers step-by-step support using a question-and answer format. TurboTax Live is available for small business customers. Live options include a review of your tax returns with an Intuit tax specialist for self-employment.

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TaxAct Business

Small businesses with partnership or corporate structures will find TaxAct Business a great fit. Two options are available on the online platform: Enterprise-oriented business packages or bundles that combine personal and business tax support.

TaxAct provides specific services for:

• Partnerships
• C corporations
• S corporations
• Organizations exempt from tax

TaxAct offers a package for sole proprietors who file Schedule C (Form 1044) when they pay their business taxes.

According Investopedia TaxAct is the only platform that allows users online to file returns for partnership and corporations with Mac or PC systems. TaxAct offers a downloadable version, but this is only for Windows users.

TaxAct’s pricing levels are more expensive than most competitors. However, this is due to the software’s unique design for corporations and partnerships. Multiple reviews have noted a dearth of e-filing for certain forms of business taxes in certain states.

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H&R Block’s personal tax filing software is praised by professional reviewers. It does not compromise on features in order to be simple. H&R Block’s personal tax management platform lineup includes step-by–step guides to help users navigate the filing process. A version is also available online for those who need to prepare simple tax returns.

For taxpayers with more complicated needs, they can download their choice tiered services platforms.

• The basic plan was created for employees and families to claim deductions
• The best package for homeowners and investors, the deluxe + state package
• Premium plan for self-employed taxpayers or users who own rental properties

These options cost between $29.95 and $74.95. These fees include software specific to each state and electronic filings for tax purposes.

Many reviews have indicated that H&R Block software integrates Intuit QuickBooks data less seamlessly than Intuit TurboTax software.

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TaxAct

TaxAct’s user reviews are positive. They praise the intuitive interface, ease of navigation, and extensive information library. TaxAct covers a wide range of tax topics. These resources can be used to maximize individual taxpayers’ returns and avoid penalties.

TaxAct provides its Xpert Assist service for users who file electronically. This service provides assistance from tax prep professionals and licensed certified public accountants. You can get tax advice or a free review of your tax returns before you file.

There are four tiers of programs available to taxpayers:

• TaxAct is a free service that’s best suited to people who file simple federal returns
• The deluxe Tier is ideal for individuals and parents who manage personal loans.
• This is the premier service for taxpayers who have taxable investments
• The self-employed program is geared towards taxpayers who have personal and business income.

These software packages are priced from free to $94.95 in 2022.

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FreeTaxUSA

FreeTaxUSA, as the name suggests, offers free federal tax filings for all users. As of 2022, state returns are subject to an additional charge of $14.99 per state.

FreeTaxUSA offers four packages to taxpayers

• This package is ideal for both new and returning users.
• A tier that is ideal for homeowners
• This premium service is for investors or renters who also report on the proceeds of home sales.
• This service is for self-employed workers, freelancers and sole proprietors.

FreeTaxUSA is a great value for the price. It offers comprehensive form navigation tools that help inexperienced users navigate complex tax documents.

Customers have the option to pay for additional services such as consultations with tax professionals. Customers can also pay for additional services using their refund. This effectively eliminates out-of-pocket costs.

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