Simply Business homepage
Call Us(844) 654-7272
Get a QuoteSign In

A Guide to Tax Software for Small Businesses

2-minute read

Emily Thompson

Emily Thompson

15 February 2024

Share on FacebookShare on TwitterShare on LinkedIn

Making it through tax season is an exercise in organization, discipline, and financial planning. The good news is that there are a great deal of small business tax planning software solutions available.

We’ve narrowed down the plethora of tax season software options to highlight a few we really like.

What is Small Business Tax Planning Software?

One way to think about tax software is part how-to guide, part tax calculator, and part organizer. You enter revenue, expenses, and other financial information, and the software calculates the tax you may owe or the refund you’re due. In many cases, it also allows you to electronically file your state and federal tax returns.

Most tax preparation software for professionals and other businesses offers different service tiers, based on the type and complexity of your taxes. As you might expect, these tiers come with different prices.

1. TurboTax Premium

TurboTax is a big name in small business tax planning software. And it’s no wonder why. Their small business solution is one of the easiest-to-use, finds deductions across a variety of industries and types of businesses, and offers a 100% accuracy guarantee.

As of this writing, it’s $89 to file your federal taxes and $39 for a state filing.

2. TaxSlayer Self-Employed

Generally speaking, the more complicated your return, the more you’re likely to pay to file. However, TaxSlayer Self-Employed finds a nice sweet spot between complexity and budget-friendliness.

TaxSlayer lets you electronically file federal and state returns for less than $100. And that price includes tax help from their experts. It’s good for novices and seasoned business owners alike. If taxes aren’t your thing, there’s a guided step-by-step option. If you’ve been down this road before, you can choose to go straight to the forms and enter your information.

Get Insured in Under 10 Minutes

Get an affordable & customized policy in just minutes. So you can get back to what matters: Your business.

Start Here >

3. H&R Block Self-Employed

Want a lower-cost solution for tax prep but still want hands-on support? Try H&R Block. It’s an easy-to-use solution that walks you through filing your taxes step-by-step. They also offer expert help online or on the phone (for a fee).

Another Option: Hire a CPA

The right tax software can make doing your return quick and painless. But no amount of software can give you the same peace of mind as hiring a certified public accountant (CPA).

Ideally, a good CPA can stay alongside you as your business grows and provide guidance when tax laws change. If an issue arises, such as an audit, your CPA can be available to help you navigate IRS questions and requirements.

Many CPAs are small business owners as well, which offers you the benefit of supporting another small business. We’re big believers in that.

Similar to using small business tax planning software, the cost of a CPA can vary, based on your tax situation and needs. A simple tax return might be just a few hundred dollars, while in-depth consulting can be much more. CPA costs also can vary, based on your business location.

Let’s Make Taxes Less Taxing

Tackling taxes is one of the things that nearly every business owner deals with. The good news is that you don’t have to do it alone. The same is true when it comes to other aspects of running your business. We’re here with an online Resource Center well-stocked with how-to guides, handy tools, and timely advice.

Emily Thompson

Written by

Emily Thompson

I earned a B.A. in Journalism from the University of Wisconsin at Madison (go Bucky). After realizing my first job might involve carrying a police scanner at 2 am in pursuit of “newsworthy” crimes, I decided I was better suited for freelance blogging and marketing writing. Since 2010, I’ve owned my freelance writing business, EST Creative. When I’m not penning, doodling ideas, or chatting with clients, you’ll find me hiking with my husband, baby boy, and 2 mischievous mutts.

Emily writes on a number of topics such as entrepreneurship, small business networking, and budgeting.

This content is for general, informational purposes only and is not intended to provide legal, tax, accounting, or financial advice. Please obtain expert advice from industry specific professionals who may better understand your business’s needs. Read our full disclaimer

Find this article useful? Spread the word.

Share on Facebook
Share on Twitter
Share on LinkedIn


Business InsuranceGeneral Liability InsuranceWorkers Compensation InsuranceProfessional Liability InsuranceErrors & Omissions InsuranceSole Proprietors Workers CompensationCyber InsuranceSelf-Employed Insurance


Contractors InsuranceCleaners InsuranceE-commerce InsuranceHandyman InsuranceHome Improvement Contractor InsuranceLandscaping InsuranceLawn Care InsurancePhotographers Insurance


About usContact UsCareersSite MapInsurance Providers


General BusinessProtect Your BusinessStart Your Business


Simply Business1 Beacon Street, 15th FloorBoston, MA02108


Terms & ConditionsPrivacy PolicyPrivacy Notice for CA ResidentsResponsible Disclosure PolicyDo Not Sell or Share My Personal Information (CA Residents)

*Harborway Insurance policies are underwritten by Spinnaker Insurance Company and reinsured by Munich Re, an A+ (Superior) rated insurance carrier by AM Best. Harborway Insurance is a brand name of Harborway Insurance Agency, LLC, a licensed insurance producer in all 50 states and the District of Columbia. California license #6004217.

© Copyright 2024 Simply Business. All Rights Reserved. Simply Business, LLC is a licensed insurance producer in all U.S. States and the District of Columbia. Simply Business has its registered office at Simply Business, 1 Beacon Street, 15th Floor, Boston, MA, 02108. In California, we operate under the name Simply Business Insurance Agency, LLC, License #0M20593. In Colorado, we operate under the name Simply Business, LLC DBA Simply Business Insurance Agency. In New York, we operate under the name Simply Business Insurance Agency. In Pennsylvania, we operate under the name Simply Business Insurance Agency, LLC. In Texas, we operate under the name, U.S. Simply Business, LLC. For more information, please refer to our Privacy Policy and Terms & Conditions.