Let's face it, as a small business owner you have a lot on your plate, and filing your taxes might seem like an overwhelming task on your long to-do list. But the right online tax filing software can help you save time and money.
Tax software programs allow you to complete the filing process online, so there's no need to deal with the back-and-forth of working with an accountant. And don't worry if you're not a tax pro — these services walk you through the filing process, so you can check off all the boxes before you hit file. If you want advice on your tax situation, many online software programs provide the option to upgrade to get live support that may include one-on-one assistance with a tax professional.
CNBC Select evaluated popular tax filing software programs that offer plans focused on people who are small business owners, which generally includes the self-employed, freelancers, sole proprietors and anyone with a side gig (or two). We evaluated these programs on a range of features, including cost, user experience, expert tax assistance and Better Business Bureau rating. (Read more about our methodology below.)
Here are the best tax filing software programs for small business owners, so you can file your taxes before the deadline.
Best tax filing software for small business owners
Best overall tax software
TurboTax Self-Employed
Cost
Costs may vary depending on the plan selected - see breakdown by plan in the description below
Mobile app
Yes
Live support
Yes, costs extra
Terms apply, see below for our methodology.
Pros
- Step-by-step guidance with a Q&A format that is easy to follow
- TurboTax Live provides on-demand advice and a final review from a tax expert or CPA
- Live Full Service has a tax expert prepare, sign, and file your return
- Accuracy and maximum refund guaranteed*
- Audit support, which provides free assistance if you get an IRS or other tax notice
Cons
- More costly than other software programs
- Live expert assistance plans have additional costs
Cost breakdown by plan:
- Self-employed (for personal and business income and expenses): $119* federal, $59* per state
- Live self-employed (includes help from tax experts): $209* federal, $64* per state
- Full Service Live self-employed (includes help from tax experts): $399* federal, $64* per state
*Click here for TurboTax offer details and disclosures
Runner-up
H&R Block
Cost
Costs may vary depending on the plan selected - see breakdown by plan in the description below
Mobile app
Yes
Live support
Yes, costs extra
Terms apply, see below for our methodology.
Pros
- Simple step-by-step guidance that's easy to follow
- Unlimited on-demand chat or video support with Online Assist plans
- Ability to speak to a tax expert who has an average of 10 years experience (costs extra)
- Over 11,000 physical locations so you can meet with a tax expert in-person
- Maximum refund guarantee, or H&R Block will refund the plan fees you paid
- Audit support guarantee, which provides free assistance if you get an IRS or other tax notice
- 100% accuracy, or H&R Block will reimburse you for any penalties or interest up to $10,000
Cons
- Plans that include speaking with a live tax expert cost more for federal returns
- One of the more costly software programs
Cost breakdown by plan:
- Free (for simple returns): $0 federal, $0 per state
- Deluxe (helps you maximize credits and deductions): $28 federal, $37 per state
- Premium (includes returns with investments and expenses): $44 federal, $37 per state
- Self-employed (for personal and business income and expenses): $68 federal, $37 per state
File with a tax pro:
- Virtual (includes help from tax experts): Starting at $85
- In office (includes help from tax experts): Starting at $85
- Drop off (includes help from tax experts): Starting at $85
Best free tax software
FreeTaxUSA
Cost
$0 federal, $14.99 state
Mobile app
Yes
Tax expert support
Yes, costs extra
Terms apply, see below for our methodology.
Pros
- Federal filing is free to use
- Audit defense available with the Deluxe edition, which gives you support from a representative if the IRS audits your federal tax return
- Maximum refund guarantee, or FreeTaxUSA will refund the plan fees you paid and provide a coupon for a free amended tax return
- 100% accuracy, or FreeTaxUSA will reimburse you for any penalties/interest charges
Cons
- Can't import W-2s, so you have to manually enter the info
- State filing isn't free, though it's a low $14.99
- Priority customer support and live chat is only available with a Deluxe edition upgrade
Best affordable software
TaxSlayer Self Employed
Cost
Costs may vary depending on the plan selected - see breakdown by plan in the description below
Mobile app
Yes
Tax expert support
Yes, costs extra
Terms apply, see below for our methodology.
Pros
- Cheaper plan, making this a more affordable choice if you don't have a simple return and need to upgrade
- Low state filing fees
- One-on-one support from real tax experts with Ask a Tax Pro
- 100% accuracy, or TaxSlayer will reimburse you for any penalties or interest charges
- Maximum refund guarantee, or TaxSlayer will refund the plan fees you paid
- IRS inquiry and audit support guarantee
Cons
- Must enter a discount code to benefit from lower prices
Cost breakdown by plan:
Self-employed (for personal and business income and expenses):
Self-Employed: $59.95. Includes all forms + access to a tax pro with self-employed expertise
Each state tax return is $39.95. Actual prices are determined at the time of print or e-file. Offer is subject to change or end without notice.
Best for accuracy guarantee
TaxAct
Cost
Self-employed/Sole Proprietor (for personal and business income and expenses): $48.71 federal, $33.71 per state
Mobile app
Yes
Tax expert support
Yes, costs extra
Terms apply, see below for our methodology.
Pros
- Up to $100,000 accuracy guarantee, which reimburses you for IRS/state penalty or interest if the TaxAct software causes a calculation error in your return
- More affordable than other paid software
- One-on-one support from real tax experts (costs extra)
- Maximum refund and 100% accuracy guarantee, or TaxAct will refund the plan fees you paid and pay any difference in the refund or tax liability, plus cover any legal or audit costs up to $100,000
Cons
- Xpert Help Self-employed plan costs more
Cost breakdown by plan:
- Self-employed/Sole Proprietor (for personal and business income and expenses): $48.71 federal, $33.71 per state
FAQs
When are taxes due?
While taxes are traditionally due on April 15, because of a holiday in Washington, D.C. this year, taxes are due on April 18, 2023.
While you must submit a tax return by the filing date every year, you may also need to file your taxes quarterly and make estimated tax payments. The IRS generally requires small business owners to make quarterly estimated payments if they expect to owe a minimum of $1,000. Filing quarterly isn't necessarily a bad thing. After all, it allows you to make four smaller tax payments versus one large tax payment.
Here's when estimated tax payments are due:
- First quarter (January 1 to March 31): April 15
- Second quarter (April 1 to May 31): June 15
- Third quarter (June 1 to August 31): September 15
- Fourth quarter (September 1 to December 31): January 15 of the following year
You can make estimated tax payments through some online tax software, the Electronic Federal Tax Payment System (EFTPS) or by mailing in a completed 1040-ES form with your payment. If you mail in your payment, it must be postmarked by the due date to avoid penalties.
What happens if I miss the tax deadline?
If you miss the April 18 deadline, file your taxes as soon as possible. You may incur a fee if you file late, and it only gets pricier the longer you wait. If you file late and owe taxes, you’ll incur a fee. However, you won’t incur a penalty if you don’t owe and instead have a tax refund coming. That said, there’s no way to know if you’ll owe taxes or not, so it’s important to file on time.
How much does it cost to file taxes?
Most small business owners will have to pay for their tax prep. Unlike with individual tax returns, there are very few free programs.
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Our methodology
To determine which tax software offers the best way for small business owners to file their taxes, CNBC Select compared each program on a range of features, including:
- Cost
- User experience
- Expert tax assistance
- Accuracy and maximum refund guarantee
- Better Business Bureau (BBB) rating
- Customer reviews, when available
Cost was one of the most important factors. While one of the services offers free federal filing, many business owners may want to benefit from robust software, therefore paying to file their taxes. We evaluated the price per plan and weighed the features you receive, like the ability to maximize deductions and credits. The more bang for your buck, the higher a service ranked.
Whether you’re new to filing taxes or a seasoned pro, user experience is crucial to filling out and submitting your return quickly and with little frustration. The services we chose had to be relatively user friendly.
The ability to speak with a tax expert or support representative was a big plus. All five of the best tax software offered some form of support.
And if a service supported consumers with a generous accuracy and maximum refund guarantee, it was ranked higher.
We also considered the Better Business Bureau rating associated with the software. BBB ratings help determine whether a business is operating responsibly and if it helps to resolve customer complaints in a timely manner. Customer reviews were also taken into consideration.
After reviewing the above features, we sorted our recommendations by best for overall tax filing, runner-up, free tax software, most affordable and best accuracy guarantee.
The federal and state filing fees for the software programs mentioned above are subject to change without notice. Many programs don’t charge you until you file, so there’s a chance the fees can change from the time you start your return until you submit it.
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