The Different Types of Tax Planning Software

When it comes to tax planning software, there are a lot of options to choose from.

10 popular tax planning software options for small to medium businesses: ProSeries Tax, Bonsai, Drake Tax, Holistiplan, Tax Planner Pro, TaxPlanIQ, Thomson Reuters, Corvee Tax Planning, Intuit ProSeries Tax, TaxPlanIQ, Drake Tax, Tax Planner Pro, and ProConnect Tax Online are some of the best professional tax software programs available.

The Pros and Cons of Tax Planning Software

Let’s talk about the best tax planning software for small businesses.

There are a lot of options out there, but in our opinion, TurboTax is the best. The interface is very easy to use and its knowledge database is very thorough. You can be sure that you’re getting the most accurate deductions for your tax return in the applicable tax year.

The biggest area of concern for us is the price tag—it can get expensive depending on the tier. Another downside is that it can be a bit overwhelming for first-time users.

Our accounting services are a great alternative to TurboTax. Everything is managed for you, from standard deductions to tax breaks. And our thorough approach makes sure you are taking advantage of all the tax planning strategies to minimize tax liabilities. In comparison to software, you get a completely personalized experience catered to your specific business needs as you scale.

Conclusion

There is a lot of different tax planning software out there, but not all of them are created equal. One software that allows small business owners and sole proprietorships stay organized with a comprehensive bookkeeping solution is QuickBooks. TurboTax on the other hand is great in terms of ease of use and thoroughness. The alternative to software is a trusted accounting firm that can provide training on how to set up QuickBooks and start managing your own business finances for success. Or simply opt for the accounting professionals at Dreis Accounting Services to handle your tax planning for you regardless of complexity and whether it’s a personal return or for your small business.