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Tax Software for Businesses

Sam runs a bookstore biz which has been with the family for three generations. This place sells comics, hard to find novels and other materials for people of all ages. And as with most businesses, it requires filing of taxes.

Sam had to bring out all the old receipts and started doing the numbers using a calculator when an old friend stopped by. Seeing how busy Sam is, the friend just sat down and noticed Sam's frustration.

This was the time the friend mentioned of a better and faster way of filing. This will involve using a computer and a tax software program that will do all the work in a matter of minutes.

So, Sam visited the website and filled in the proper information. After registration, the expenditures were required to be encoded on the computer. An online advisor was also present to check on everything and after a few more minutes everything was finished.

The computations showed that Sam was going to get a tax refund. That is the first time that has happened in the four years after taking over the business. Sam was pleased that the only thing to do was to click the mouse to send the forms.

A quick response came a few seconds later which confirmed the receipt of the forms. The friend then instructed Sam to print a hard copy and store everything inside a box. The box should be labeled properly so it can be brought out again when necessary and serve as guide when filing taxes again the following year.

Sam then thanked his friend and promised to treat him for drinks that evening at the local bar when the bookstore close in about 3 hours.

Sam decided to surf around a little more and noticed that there are a lot of tax software programs available on the net aside from the one offered by his friend.

Some charged cheaper while others were more expensive. The cheaper ones lack some features which really comforted Sam since he got the right program from his friend.

There were also others that offer these in different packages depending on the needs of an individual since some are for personal while others are for business. After using this, Sam decided to also call other friends and offer the same thing to also those who were filing taxes by hand.

The filing of income tax is mandatory. There will surely be some tax payers that will have to pay more, get a refund or have already paid the right amount to the government.

There are three options for anyone in business to finish this. The first one will be by manually doing everything. The second will be getting an accountant to do the bookkeeping. The third will be getting some business software which guarantees to make the process faster and easier for those who have not done this before.

By doing this properly or more efficiently, people like Sam can attend to other matters such as running the business and making sure profit is made.

Intuit Tax Software News

Intuit: TurboTax sales up 10 pct. season to date - BusinessWeek

Intuit: TurboTax sales up 10 pct. season to date
BusinessWeek
Software maker Intuit Inc. said Wednesday that season-to-date sales of its TurboTax federal income tax preparation products are up 10 percent from a year ...
Intuit Reports 10 Percent Growth in TurboTax Units Through March 13MarketWatch (press release)
The Number at Noon: 9001000Wall Street Journal (blog)
Intuit Turns Positive After Opening Slide on Higher Sales of TurboTax SoftwareONN.tv
Business Wire (press release)
all 31 news articles »

State tax break entices tech firms to build data centers - Seattle Times

KOMO News

State tax break entices tech firms to build data centers
Seattle Times
... where Yahoo, Microsoft and Intuit have built large server farms, drawn to the county's cheap and green hydropower. Server farms send data and software ...
Wash. Legislature OKs server farm tax exemptionBusinessWeek

all 46 news articles »

Intuit CEO Brad Smith makes TurboTax year-round business - USA Today

Intuit CEO Brad Smith makes TurboTax year-round business
USA Today
That IRS tax deadline is an even bigger deal for Brad Smith. Smith, 45, is CEO of Intuit, the company behind well-known financial software and services ...

H&R Block is Starting to Add Up - GuruFocus.com

News & Observer

H&R Block is Starting to Add Up
GuruFocus.com
Investors appear to be worried about the growing use of cheaper (and sometimes free) electronic, do-it-yourself tax preparation software. ...
Has the Tax Preparation Industry Lost Its Luster?Motley Fool (blog)
Do the prep work for tax preparerWorcester Telegram
Online Taxes: Three Ways to Stay Out of TroublePC World

all 54 news articles »

First Annual Puget Sound QuickBooks Users Conference Announced - PRLog.Org (press release)

First Annual Puget Sound QuickBooks Users Conference Announced
PRLog.Org (press release)
This Program consists of Management Advisory Services, Improving Business Performance and Tax Planning and Services. We believe in the value of ...

and more »

Hack-proof your personal info this tax season - BusinessWeek

Hack-proof your personal info this tax season
BusinessWeek
While tax preparation software such as Intuit Inc.'s TurboTax is safe to use, files stored on your computer are still vulnerable to hackers. ...

and more »