Make sure you research the level of support that comes with each software package. What level of technical software support will you need? TaxSlayer and Intuit both offer a cloud-based option. Cloud-based tax software is less sophisticated but saves money and time by eliminating the need to do time-consuming installations and updates. If you are looking for an option that will help you save money, consider cloud-based software. Could a cloud-based tax software option be a good choice? If you plan on preparing returns for multiple states, then you will need tax software that includes availability of software for every state you may need. If you plan to prepare complex individual and business returns (such as corporations and partnerships), and more complex returns (including estates and trusts), then a high-end software application such as Intuit’s Lacerte may be needed. Look for a low-cost software product that has positive reviews. If you plan to only prepare Form 10A returns, and local state returns, then an expensive high-end software product would be overkill. What types of returns will you be preparing? Many tax software vendors offer pay-per-return options. If you will only prepare a small number of returns, it will probably be less expensive to choose a pay-per-return option. Tax Preparation Software for Independent Tax Business Owners Tax Preparation Software for Independent Tax Business Owners.Resources for Tax Practice Business Owners.The Benefits of Starting a Tax Practice.
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