It’s tax time, and today we made our annual dash to the office supply store to pick up 1099 forms so we could get them printed and in the mail to our subcontractors on time. Thanks to our QuickBooks Contractor Edition software, the process is pretty painless, but now that the 1099s are done, we’re right in the midst of one of my least favorite tasks – actually getting our taxes done.
If your tax situation isn’t exceptionally complicated, tax software like H&R Block’s TaxCut or TurboTax can be a real lifesaver when it comes to getting your taxes done quickly and easily. Both TaxCut and TurboTax offer versions for small business, and both give you options for both e-file and traditional paper filing.
Why Use Tax Software?
If you find completing tax forms confusing, both TaxCut and TurboTax take you through an interview, and do the calculations and record your answers on the appropriate tax form lines for you. Tax software can also save you time by importing tax data from a previous year, so some of your information is already filled out when you start.
Tax software can help save you money or increase your tax refund by helping you find deductions you might have missed on your own. It is also usually less expensive to use tax software than to hire a person to do your taxes.
Faster Refunds With E-File
If you use TurboTax or TaxCut, you’ll have the ability to e-file your tax return. When you e-file, your tax return is processed more quickly , and and your tax refund will be mailed sooner (within 3weeks, instead of 6 weeks for paper returns). If you combine e-file with direct deposit, your money can be in your bank account even faster.
What if There’s a Problem With My Return?
Both TaxCut and TurboTax offer audit support, and they also offer error free guarantees. Both companies will pay your IRS penalites and fees if they are caused by a software error. The software also carries a money-back guarantee if you’re dissatisfied.
If you’re planning on preparing your tax returns yourself, check out this offer for FREE SHIPPING on Tax Software, including H&R Block’s TaxCut and Turbo Tax! If you’re disorganized and overwhelmed with your books this tax season, check out QuickBooks Pro 2009 to get keep you on track for next year.