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Taking Care of Business Taxes

At a Glance

Catering to price-sensitive customers, TaxAct Deluxe provides all the forms and does all the math. If you need serious advice and guidance, however, TurboTax and H&R Block at Home are both worth the extra money--especially for small-business owners.

Pros

  • Pleasing interface
  • Extremely inexpensive 1040 software

Cons

  • Limited on-screen guidance
  • Limited data-import options
  • Base price doesn't include state software
  • Price covers only one free e-file
  • Flawed PDF import
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At a Glance

H&R Block at Home Premium delivers great value for small-business owners whose tax situations are basically straightforward but who would appreciate access to a human being for a question or two--or audit support, if need be.

Pros

  • Exceptionally pleasing design puts help close by
  • Includes great audit defense service
  • Moderate price includes free session with tax pro

Cons

  • Minor organizational flaws
  • Needs more-detailed info on business deductions
  • Still lags behind TurboTax in data-import tools
 Compare

At a Glance

TurboTax Home & Business's attention to detail and excellent data-import features make it the package of choice for sole proprietors with complex tax situations, but it's expensive and it might be overkill for some sole Schedule C filers.

Pros

  • Best support for data import from other sources
  • Excellent detail on Schedule C deductions
  • Well organized, clear small-business focus

Cons

  • Abundance of detail can be intimidating
  • Pricey, and charges for extras that rivals include
 Compare

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