As tax season looms, small businesses search for effective ways to streamline their tax filing process while maximizing savings. ChamberofCommerce.org has analyzed the best tax software options for small businesses in 2024, offering expert recommendations to help business owners make informed decisions.
“Selecting the right tax software can be the difference between a stressful tax season and one that runs smoothly,” says Abigail Wright, Small Business Tax Specialist at ChamberofCommerce.org. “Our top picks are designed to cater to different business needs, from comprehensive support to budget-friendly solutions.”
Expert Top Picks for 2024:
TurboTax
Best for Comprehensive Features and Support
TurboTax remains the top choice for small businesses, offering a wide range of features that simplify the tax filing process. Its standout tools, such as integration with QuickBooks and live access to CPAs or Enrolled Agents (EA), make it the best all-around option for businesses looking for accuracy, guidance, and the ability to maximize deductions.
- QuickBooks integration
- Live CPA/EA support
- Deduction maximization
- Audit protection
- Cost: Free to $179.99, depending on the package
H&R Block
Best for Value and Usability
For small businesses that need powerful tax software at a slightly lower price, H&R Block is a strong contender. Its easy-to-use interface and professional support make it an appealing choice for freelancers and small business owners who want professional-level service without a premium price tag.
- Free state tax filing
- Professional tax advice via chat
- Intuitive interface for deductions
- Cost: Free to $74.99, depending on the package
TaxSlayer
Best for Budget-Conscious Businesses
For businesses looking for affordability without sacrificing essential features, TaxSlayer is a solid choice. It offers key functions like W-2 uploads and personalized tax support at a fraction of the cost of premium competitors.
- Affordable pricing
- W-2 import
- VIP support
- Cost: Free to $47, depending on the package
TaxAct
Best for Audit Protection
Small businesses worried about audits should consider TaxAct, which includes audit defense in its higher-tier packages. While its interface might not be as polished as TurboTax, it offers all the core features needed to file accurately and affordably.
- Audit defense included
- Useful deduction tracking
- Affordable pricing
- Cost: Free to $69.95, depending on the package
Liberty Tax
Best for Simple, Budget-Friendly Filing
Liberty Tax offers small businesses a straightforward and affordable option for tax filing. While it lacks some of the premium features found in other software, it remains a solid choice for businesses looking to keep costs low.
- Simple navigation
- Affordable pricing
- W-2 uploads
- Cost: $24.95 to $69.95 depending on the package
