You found our list of the best tax software for business.
Tax software are programs that help to prepare and file taxes. Examples include TaxSlayer Pro, TurboTax, and Holistiplan. The purpose of this software is to calculate, report, and file tax returns accurately. These tools also help to save time, claim maximum tax refunds, reduce administrative costs, and avoid penalties.
These tools are similar to accounting software, bookkeeping software and payroll software.
This article covers:
- tax tools for work
- free tax apps
- tax preparation software
- mobile apps for tax professionals
- tax software for tax preparers
Let’s begin.
List of best tax software and apps
Software, apps, and tools can make your preparation and filing process more pain-free and error-free. Below are picks of trusted tax software.
1. MyExpatTaxes
MyExpatTaxes is among the top-rated tax preparation software. This tool is a perfect solution for filing income taxes for expatriates and residents. The app is simple to use, and setup takes minutes.
This program has various plans, from DIY to premium options. Clients must assemble the required tax forms and fill in individual information to begin the filing process. In case of difficulties, clients can seek professional advice and assistance from live human customer support.
Key features:
- Easy-to-use interface
- Quick services
- Affordable pricing plans
- 24/7 live support
Learn more about MyExpatTaxes.
2. Yonda
Yonda is among the top list of tax tools for work. This app provides a practical tax solution and advice to enable businesses to operate compliantly. For instance, the wingman tool can simplify complex taxes and create sales tax solutions that match your products and business model.
This highly automated software can calculate taxes, prepare returns, and file those results online. Clients can also access a wingman for onboarding, tax exposure assessment, or guidance with any part of the tax process.
Key features:
- Data integration
- Sales tax automations
- Easy-to-use interface
- Sales tax wingman
Learn more about Yonda.
3. TurboTax
TurboTax is one of the simplest apps to use for tax returns. This software takes care of basic tax calculations for 1040W forms and ensures an accurate calculation of taxes.
This app identifies all the tax deductions and credits you qualify for, for example, child tax credits, then applies them to maximize your tax refunds. Also, this software can find and review errors on clients’ returns before completing the electronic filing.
TurboTax has a live support team that offers professional guidance to help users navigate tax procedures smoothly.
Key features:
- Deduction finder
- Live support
- Secure data
- On-demand tax status view
Learn more about TurboTax.
4. Crosslink Professional Tax Solution
Crosslink Professional Tax Solution is one of the best tax software for large businesses. The app handles high-volume taxes, including federal and state business tax returns. In addition, this software has tools like Point-and-Shoot, which captures errors and allows clients to review them before submitting final returns.
Crosslink Professional Tax Solution has different pricing plans to suit clients’ budgets. In addition, the app has various products like CrossLink 1040 and W-2 barcode scanners, which enhance the speed and accuracy of processing tax returns.
Key features:
- Error-correcting tools
- Integrated text messaging technology
- Electronic signature pads
- High integrations
Learn more about Crosslink Professional Tax Solution.
5. eFile.com
eFile.com is among the easiest tax programs to navigate. First-time taxpayers can use this platform to create an eFile account and then prepare and file tax returns seamlessly. Also, for subsequent tax periods, this software pre-files the taxes based on previous incomes so that users only need to update their information.
eFile has various tools to help users calculate owing tax and check the tax refund status. In addition, users can listen to a de-stress song to ease anxiety as they process their taxes on the app.
Key features:
- Multiple tax tools
- Online tax support
- Secure data
- Speedy tax refunds
Learn more about eFile.com.
6. Lacerte
Lacerte is at the top list of efficient tax software for tax preparers and individual taxpayers. This app’s automated calculator can simplify complex returns, for example, calculating depreciation and amortization for your assets and applying that result to complete the tax preparation.
Lacerte enables users to feed data on worksheet-based tax forms to speed up data entry and save time. In addition, the advanced tax tools can detect errors and omitted data and then guide users to make necessary corrections. These tools also help tax preparers easily track missing details.
Also, live professional support is available, and users can access real-time guidance on tax-related issues.
Key features:
- Worksheet designed forms
- Automatic imports
- Error-finding tools
- Multi-user performance
Learn more about Lacerte.
7. Taxslayer Pro
TaxSlayer Pro is one of the leading professional tax apps. This software uses cloud-based technology to prepare tax returns remotely. Or, clients can use desktop-based software.
This program can prepare federal, state, and local tax returns. In addition, the resources on the TaxSlayer app give new and existing users helpful guidance and instruction on the tax process.
The app liaises with bank products and facilitates access to quick and secure refunds. Clients can also opt to deduct tax preparation fees from projected tax refunds.
Key features:
- All-inclusive tax software
- Free and unlimited client support
- Bank products integration
Learn more about TaxSlayer Pro.
8. TaxPlanIQ
Tax plan IQ is one of the leading tools for tax preparation. The software can identify mistakes in data entry and works in real-time to process data and present accurate tax reports. In addition, the app uses several tools to make tax preparation smooth and efficient.
TaxPlanIQ has experts to help clients navigate the tax process and advise them on returns on investment, or ROI. Tax practitioners can also demonstrate some attorney-approved tax strategies that increase clients’ savings.
Key features:
- IRS Guidance
- ROI update dashboards
- Task management tools
- Add-on modules
- Robust client portal
Learn more about TaxPlanIQ.
9. IRS2GoApp
IRS2Go is one of the best free tax apps. This program can help you prepare tax returns, make payments, and check your refund status after filing your returns. This app is compatible with phones and is also easy to install.
The IRS2Go portal is data-secure. The software generates login security codes to access and retrieve data for online tax services, and this process offers better data security than text messages.
Key features:
- Free tax assistance
- Social media integration
- Secure data access
- Refund status check
Learn more about IRS2Go App.
10. H&R Block
The H&R Block software is among the most user-friendly tax apps. The software contains step-by-step guidance to help clients easily tackle the tax preparation process and file returns.
H&R Block’s switching feature imports details from previously filed returns so that clients proceed with the process by updating their current details. Finally, clients can file the returns virtually or using on-desk filing tools.
The H&R Block support team can give clients helpful advice regarding returns and assist in maximizing tax refunds. For instance, through capturing all applicable credits and deductions. In addition, clients can view real-time results and track their fees and refunds.
Key features:
- Easy-to-use interface
- On-demand professional help
- Multi-device integrations
- Prefiled template
Learn more about H&R Block.
11. Cash App Taxes
Cash App Taxes is among the best free filing apps. The software has no hidden charges and can offer the perfect solution for simple taxes. The app’s straightforward instructions are easy to follow, and users can complete the filing process in minutes. In addition, clients can file these returns on a PC or phone.
Tax calculations are fast and accurate when using this app. Cash App taxes will also double-check all users’ details to ensure clients get all the refunds they deserve.
Key features:
- Simple user interface
- Data privacy and security
- Guaranteed maximum refunds
Learn more about Cash App Taxes.
12. Bonsai
Bonsai Tax is one of the top-rated mobile apps for tax professionals. This software is also among the best for self-employed folks and can help clients save money. For example, by suggesting claimable expenses in the tax preparation sheet.
This app has built-in tools to import, track and classify freelancers’ expenses automatically. The tools can also estimate periodic taxes for taxpayers to prepare how much to set aside for taxes. In addition, Bonsai notifies users when their quarterly taxes are due and tracks the tax payments.
Key features:
- Easy-to-use interface
- Reliable customer support
- Mobile compatible apps
- Automatic imports
Learn more about Bonsai.
13. Free File Alliance
The Free File Alliance is among the best free apps for preparing federal tax returns. This software is efficient and produces fast results. In addition, this tool has high data security.
The app is an excellent platform for taxpayers to access various tax software for different situations. In addition, free File Alliance has data importing tools that transfer clients’ details from IRS.gov to enable users to complete their returns more quickly.
Key features:
- High data safety and security
- Online tax filing
- Reliable customer support
- Free tax filing service
Learn more about Free File Alliance.
14. Holistiplan
Holistiplan is one of the best tax planning software for tax advisors. This app automates the tax review process. Also, Holistiplan can help tax advisors to identify viable planning opportunities, such as ROTH conversions and tax-efficient withdrawals to increase tax savings.
Holistiplan is fast and shortens the financial planning process for advisors. In addition, advisors can run various scenarios to determine possible future outcomes.
This software uses optical character recognition technology to analyze tax returns and compile a comprehensive and easy-to-read tax report. For example, clients can customize how these reports appear by inserting the company logo.
Key features:
- Efficient OCR technology
- Automated tax review
- Pre-filled scenario analysis
- High accuracy
Learn more about Holistiplan.
15. FreeTaxUSA
FreeTaxUSA is among the leading software for filing tax returns directly to the IRS. The app is a free app for federal returns. However, clients will be required to pay additional fees to process and file state taxes.
FreeTaxUSA has high accuracy levels due to the efficient calculating tools, multi-step checks, and updated tax laws. The app also helps users to claim maximum refunds. In addition, clients get unlimited amended returns and audit assistance.
This software is also easy to use, and it provides live chat support in case of difficulties.
Key features:
- Beginner friendly interface
- All-inclusive tax situation
- Step-by-step guidance
- Multi-step detail verification
Learn more about FreeTaxUSA.
16. TaxWise
TaxWise is among the leading tax software for tax preparers. This app has high levels of accuracy. The advanced tools and resources make the app fast and efficient in preparing and calculating tax returns.
This software is an ideal option for tax service providers as it can maximize revenue and productivity. The cloud-based solutions enable TaxWise to handle large volumes of returns. Also, individuals and businesses can process their taxes remotely. In addition, this program has different pricing and payment options to suit various taxpayers’ needs.
Key features
- Virtual tax office
- Cloud-based technology
- Secure data
Learn more about TaxWise.
17. Intuit ProSeries Professional
Intuit ProSeries Professional is a free e-filing platform suitable for basic 1040 returns and supporting schedules. This app provides clients step-by-step instructions and a complete tax form checklist for return preparation. To file business taxes, users need to pay an extra fee.
This app has a free client portal that helps users to organize their details conveniently. Clients can download the current year’s financial data directly from various financial institutions and access unlimited federal returns.
Intuit ProSeries Professional software offers learning modules where clients can access relevant tax training. For instance, through signing up for webinars and online training events.
Key features:
- Guided workflow
- Pay-per-return pricing
- Automated data conversion
- ProSeries success guide
- Reliable customer support
Learn more about Intuit ProSeries Professional.
18. Bloomberg Tax Planner
Bloomberg Income Tax Planner is among the most useful apps for projecting estimated tax payments for US citizens and ex-pats. In addition, this income tax planner tool allows you to plan for tax consequences from events like marriage and stock sales.
The app is efficient and can accurately describe a client’s tax situation. Clients can also easily compare and analyze results and then strategize ways of reducing their tax liabilities.
The Bloomberg Income Tax planner app uses the most current tax laws for accurate calculations. Clients can also benefit from professional support and efficient options for managing their tax burdens.
Key features:
- User-friendly navigation
- Multiple planning tax tools
- Derailed documentation
- In-depth tax analysis
Learn more about Bloomberg Income Tax planner.
19. Corvee Tax Planning
Corvee Tax Planning is one of the leading apps for tax preparers and advisors. This platform offers comprehensive solutions for tax planning and guides clients to consider some smart tax strategies.
Users can first check on tax estimates and savings over previous years to calculate tax. Then, Corvee’s services go beyond filling in data in the forms to offering clients real tax savings through refunds, accurate tax computation, and tax strategies.
Key features:
- All-in-One Tax Planning Platform
- Multi-Entity
- Responsive and professional support
- Multiple, efficient tax strategies
Learn more about Corvee Tax Planning.
20. Drake Software
Drake Software is among the leading tax software for tax preparers. This app calculates tax results fast. In addition, this tool has shortcut keys that simplify data entry and enhance the efficiency in processing clients’ returns.
This app is highly automated to generate returns, capture tax credits, and allow data flow between different kinds of returns. Drake Software can e-file returns for any state and let you view data from the previous year. In addition, the linkbacks and backup tools can help you track the source of any return and retrieve that data.
The Drake Tax Planner tool highlights important client details like marital status and number of dependents to help tax preparers claim tax refunds and reduce the amount of tax due.
Key features:
- Secure cloud storage
- Automation
- DoubleCheck reviews
- Data backups
- Automatic software updates
Learn more about Drake Software.
Conclusion
Tax preparation is an essential but hectic task for taxpayers and tax preparers. A good tax tool can ease this burden. Tax software provides solutions to file taxes accurately and efficiently, save time, maximize refunds, and comply with tax regulations. Critical factors to consider when selecting tax software include the app’s affordability, reliability, and ability to offer clients professional support. In addition, the best tax apps offer clients extra value, like strategizing tax implications, managing tax documents, and guiding business decisions.
Next, check out our list of books about tax and these payroll taxation books.
We also have a list of the best bookkeeping books, and one with accounting books to read.
FAQ: Tax software
Here are answers to frequently asked questions about tax software.
What is tax software?
Tax software are programs that assist in the tax preparation and filing process. These apps may also offer services like tax planning and tax compliance advice to help clients save time and money.
What are some good IRS tax apps?
The leading IRS tax apps include TurboTax, TaxWise, IRSGo, and Drake Software.
What are the best tools to prepare taxes?
Intuit ProSeries Professional, MyExpatTaxes, TaxPlanIQ, Lacerte, Bonsai, and TaxSlayer Pro are some of the best tools to prepare taxes.
What are the pros and cons of tax software?
Some of the top advantages of using tax software are time savings, high tax refunds, and reduced paperwork. However, if clients are not observant, the software may cost extra for upselling unnecessary products. Also in cases of complex taxes, clients may still need to hire tax professionals even though they subscribed to a tax software.
