TurboTax Business Pricing, Features, Reviews & Alternatives

TurboTax Business

Tax preparation for federal & state income tax returns

4.68/5 (155 reviews)

TurboTax Business overview

What is TurboTax Business?

TurboTax is a tax preparation solution that helps users get their maximum tax refund for federal and state income tax returns. The platform guides users step-by-step to to identify business purchases, and automatically scans bank and credit card transactions. Users can track expenses in real time, track miles automatically, and capture receipts via mobile device.

TurboTax Online includes federal and state e-filing, with over 350 automated tax deductions to help identify every deduction, perfect for independent contractors and small businesses. Users can snap a photo of their W-2 form via mobile phone or tablet, verify their data, and watch as information is securely placed into all the right tax forms.

Basic life questions help users find new tax deductions and credits they may be eligible for, with detailed explanations for any changes in tax refunds, including tips on how to earn the biggest refund possible. Credentialed CPAs and EAs provide users with one-on-one answers to tough tax questions, and guide users by drawing and circling fields on-screen. Personalized reports allow users to understand what impacts their tax refund, including information on ESPPs, stocks, bonds, and other investment income.

The platform also covers rental property income and tax deductions, and helps maximize on business deductions for phone, vehicle, supplies, home office and more. Users receive an email confirmation once the IRS receives their efiled tax return, with alerts for when it lands into the bank account. TurboTax studies IRS and state tax laws on a regular basis, making sure the software is always up to date.
www.intuit.com

Pricing

Starting from
$34.99
Pricing options
One time license
Free
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English
TurboTax Business screenshot: View a summary of returns and print, save or preview the year's returnHow TurboTax Online Works - TurboTax Video DemoTurboTax Business screenshot: Preview 1040 formsTurboTax Business screenshot: Track expenses in real time and categorize them throughout the yearTurboTax Business screenshot: Keep every trip logged with  on-the-go mileage trackingTurboTax Business screenshot: Point, snap, and store receipts and never lose proof of an expenseTurboTax Business screenshot: The platform also covers rental property income, tax deductions, and moreTurboTax Business screenshot: TurboTax asks questions in order to help users fill in all the right tax formsTurboTax Business screenshot: TurboTax helps find every deduction and credit that appliesTurboTax Business screenshot: Jumpstart the refund process by automatically importing W-2 tax formsTurboTax Business screenshot: TurboTax works like an interview, asking questions that could affect tax situationsNew TurboTax Mobile App - Do Your Taxes Anytime, Anywhere, On the Device You Love - Video Demo

TurboTax Business user reviews

Value for money
Features
Ease of use
Customer support
  4.4
  4.6
  4.6
  4.1
Shilleah S.

Cheaper than an Accountant!

Used occasionally for less than 6 months
Reviewed 2019-06-17
Review Source: Capterra

We've only used it this year, and so far, I love it. It was super easy to link up Quickbooks and all our employee info. Very intuitive filling out the tax forms as well.

Pros
I love that it syncs with our Payroll, that is why we switched from TaxAct is because TurboTax syncs directly with our Intuit Quickbooks.

Cons
It's more expensive than TaxAct, and the customer service takes forever to get an actual agent on the phone.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 9/10

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Joseph Z.

File your business taxes in an hour

Used occasionally for 2+ years
Reviewed 2020-01-26
Review Source: Capterra

I did not need a CPA; I paid a fraction of what I would have paid a CPA firm

Pros
I couldn't believe how comprehensive yet easy it was to be walked through the process for answering questions and providing data that would calculate my Federal and state taxes.

Cons
It was so thorough that there were a lot of questions that were not relevant to my business so I felt like I was spending too much time on moot things.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 10/10

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Andy S.

Amazing for Business Owners and Self-Employed

Used occasionally for 2+ years
Reviewed 2021-03-30
Review Source: Capterra

My overall experience has been amazing. Truly a helpful solution to doing your taxes and it is a fraction of the cost of a CPA. Every dollar can count when you're self-employed so saving that little bit during tax season and being at ease knowing you're using a great platform has helped a ton. Highly recommended!

Pros
TurboTax saves a lot of money versus going to a CPA for tax season! It's highly intuitive and easy to use, even while being self-employed and owning my own business. Every year, the financial landscape changes and different sources of income come and go, but TurboTax asks you so many specific questions while working on your tax return that it makes figuring everything out very easy. In cases where I have been confused, a quick google search yields many results from their site and customer support, which have answered every question I've ever had. I've heard that their customer service and guidance is amazing but I haven't needed to use it.

Cons
Occasionally there is a vague question but that is very rare and usually easily answered. Also, at the end of your return, if something is wrong, it won't process its final analysis so you need to go back and find the problem. Sometimes it's easy to find and other times they don't make it pop out so you have to search for a bit to figure out what was missed or what is incorrect.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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BRANDON M.

Gets worse every year that goes by

Used occasionally for 2+ years
Reviewed 2020-03-14
Review Source: Capterra

TurboTax is a one-stop-shop for the two certainties in life, Death and Taxes, because by the time you're halfway through using their product, you'll be sure to want to blow your brains out.

Pros
The only thing I used to like is that it would sync with other free Intuit products like Mint, but the new version is so buggy that even syncing doesn't work

Cons
1. Suprise charges. Anything you do will sneak attack you with an upcharge for a necessary feature when you're halfway through. For example, the business version will charge you about $175 just for the software, then another $60 or so for your state, and if you're in NYC, it'll try to charge you even more for the city. Even their phone support team didn't know if NYC and NY State were necessary concurrently. The free version of the personal version hits you about halfway through with a surprise, "if you want to add a 1099, you have to pay us." 2. Bugs galore. The software logs you out, won't accept your password when you try to log back in, and won't let you reset your password. More wasted time. 3. Phone support is near non-existent, and the few staff members who do man the phones appear to lack information and authority to necessary to provide effective assistance. Also, you have to go through a phone tree where you may as well have to answer three riddles and sacrifice your firstborn to get to a human, and by the time you get that poor bastard on the other end of the line, you're seeing red and using every ounce of willpower not to take out your rage on the poor soul who is no doubt underpaid by a corporation that singlehandedly lobbied (successfully) to ensure that your taxes could not be done for you automatically by states for free.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 0/10

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Ken B.

Makes Taxes Easy

Used occasionally for 2+ years
Reviewed 2021-03-18
Review Source: Capterra

Overall, I love using the software. Makes doing taxes quick and gives me the confidence that I didn't miss anything. Also, the auto-calculations ensure that there are no mathematical errors on your part.

Pros
I have used TurboTax for Business for years. In addition to being an employee, I also have some of my own Sole Proprietorships. The software walks a person step-by-step through every aspect of his taxes, accounting for all his income and also for all possible deductions and credits. It auto-calculates the totals. Also, you can use the software to file your taxes electronically, which usually results in a very quick refund, if any is due.

Cons
Occasionally, there are special circumstances when you have to do a manual over-ride of the software's calculations, but if you do that then there are times when you can't use the software to file electronically. Your calculations will still be correct, but you'll have to file a printed paper copy and send through the mail rather than electronically. This isn't the case with all manual over-rides, but it can happen.

Rating breakdown

Value for money
Ease of use
Features

Likelihood to recommend: 10/10

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TurboTax Business pricing

Starting from
$34.99
Pricing options
One time license
Free
View Pricing Plans

Federal Free Edition: $0 Federal, $0 State

Deluxe: $34.99

Premier: $54.99

Self-Employed: $99.99

TurboTax Business features

Alerts/Notifications
Customizable Reports
Data Import/Export
Expense Tracking
Reporting & Statistics

API (393 other apps)
Accounting (282 other apps)
Accounting Integration (232 other apps)
Activity Dashboard (375 other apps)
Audit Trail (269 other apps)
Billing & Invoicing (355 other apps)
Compliance Management (357 other apps)
Electronic Payments (232 other apps)
Invoice Management (302 other apps)
Invoice Processing (229 other apps)
Multi-Currency (313 other apps)
Recurring/Subscription Billing (224 other apps)
Reporting/Analytics (358 other apps)
Third Party Integrations (331 other apps)
Workflow Management (266 other apps)

Videos and tutorials

Additional information for TurboTax Business

Key features of TurboTax Business

  • Import and export information and reports to and from the program
  • Access the software remotely via mobile devices
  • Software specialized for corporate training
  • Buy necessary items in compliance with established business policies
  • Location based taxes
  • Detailed log and record of costs
  • Alerts/notifications within the system
  • Organize and group data or items based on various criteria
  • Determine what amounts employees should contribute towards their benefits from each paycheck
  • Monitor and track project related activities based on various metrics
  • Transmit documents to regulatory authorities over the web
  • Process of checking different types of data for accuracy to avoid errors or inconsistencies
  • Alter the layout and content of reports
View All Features

Benefits

The platform's ExpenseFinder feature automatically gathers and scans the user's bank and credit card transactions to help identify business purchases.

Users can store all important tax documents on TurboTax's secure servers for around-the-clock access and protection.

With TurboTax's SmartLook feature, users can connect with live, credentialed experts who specialize in self-employment taxes, enabling users to file with confidence.

The solution's CompleteCheck feature runs a comprehensive review of the entire tax return before filing, and walks users through any changes to ensure nothing gets missed.

TurboTax Online offers the convenience of preparing and e-filing tax returns from virtually any connected computer or mobile device.