Best tax software for small business owners: How TurboTax, TaxAct, and eFile.com compare - Business Insider

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Many small business owners have to file two separate tax returns

If you've filed business taxes before and feel confident navigating tax jargon, TaxAct is a

. Unlike industry heavyweights TurboTax and H&R Block, you can file your business tax return online with TaxAct. And there's no upcharge if you prefer the downloadable desktop version .S-Corp owner and Business Insider contributor Eric Rosenberg reported running into an issue with his California tax ID number on TaxAct, which resulted in him having to print out and mail his state return rather than filing online.

. If you track income and expenses in QuickBooks, you can automatically import all that information onto your return. In general, TurboTax stands out among online tax services for its excellent user experience and reliable customer service. You can't file business taxes online with TurboTax and the desktop software is limited to Windows users only.has the same restrictions but at a significantly cheaper cost — $89.95 for federal and state filing combined.

If you're looking to save money on business tax filing, eFile.com is the best option. Not only will you be charged a single, flat rate for unlimited state returns, the federal return rate is over $100 cheaper than TurboTax. eFile.com is simple and gets the job done.Expect that a lower price means less hand-holding. eFile.com Premium is best for small business owners who generally know how business income tax filing works and don't need explanations for everything.

Because these organizations are flow-through entities, the owners, partners, and shareholders pay taxes on the income. If you're a general partner,

 

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