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Partnerships, S Corp, C Corp, multi-member LLC, trusts and estates.
It produces a good return for filing and has a great added benefit of a MA estate tax option to create the MA estate tax return after the federal estate tax return is complete.
What I like least about ONESOURCE is that there are some missing returns and the helpdesk situation is awful. We have had several tickets open for months with no movement.
OneSource is strong platform, equipped for finishing different expense related consistence endeavors. They have a phenomenal care staff that is prepared to help assuming you stall out.
As a user, I was never trained on OneSource and it is hard to complete steps. The row structure is confusing for the time card.
I like the tree format where you can expand and close pieces so as to see everything. Statements attached to the return are in an easy to read and follow format.
Sometimes it is difficult to make changes or edit fields in this application.
The best about this product is the simplicity of uniting different entities for our assessment form. This product empowers us to unite numerous entities into one detailing element precisely.
The buttons and rows do not make sense. It is hard to find my PTO balance other looking at my past paycheck sheets.
I love doing things myself to save some money. I love that I can import all my information from Quickbooks so so easily, and then just enter a few other personal things.
Low and behold my accountant made mistakes and I still got audited. After trying my hand at TurboTax I cut expenses massively by dumping the accountant and doing TurboTax.
We can do our business taxes without an accountant and save a fortune. It's super easy and understandable, even for a creative person.
That it comes from a company which routinely seeks to confuse the tax process. I will not be paying them money to continue to mystify it's customers.
TurboTax has been helpful to me for the past several years. The fact that my Self-Employment Quickbooks can feed information directly into my TurboTax is amazing.
I used to go through an accountant that charged 2-3x what TurboTax does. I always was afraid I would get audited because I made a mistake.
Customer service is amazing the tech support is on point and I recommended other to used this software for their business.
I do not recommend TurboTax because their customer service is terrible.
Tigran: Hi, my name is Tigran. I'm a small business owner. I run two businesses, one in real estate and another one is in financial analytical consulting. So basically the first business deals with buying, selling, renovating, renting out homes, and the second business is all about calculations, analytical calculations in numerics. I would like to give TurboTax Business a rating of five. So before I switched to TurboTax, I actually filled out all the forms myself by hand. And when the amount of paperwork became too much, I hired a CPA. And this didn't really work for me because I didn't really know what was going on behind the scenes and also, I was afraid that there could be a mistake. Either I can make a mistake when calculating everything by hand or my CPA would make a mistake, which she actually did. And also with time when my business was growing, the amount of information that I had to put into the tax returns was too much. And actually my CPA fees were running a lot. And especially when you have many rentals, you will be looking at pretty serious bills. So for TurboTax, I actually did not have any serious limitations on the number of rentals, as I know they have certain figure, but it's pretty high. So if you have 1, 2, 3, 10 rentals or slightly more, it's still the same price. And on top of that, what I like about TurboTax is that I can actually play with numbers a little bit to figure out my strategy for the next year. So the reason I picked TurboTax was because this is probably one of the best known packages on the market, and the price looked all right. It was actually cheaper than using a CPA, so I decided to give it a try and I really, really loved it. So I was really hooked and I never switched to anything else. So starting with TurboTax was pretty easy actually and there are lots of hints and a lot of information online, and it even feels like a game in a sense. So it's kind of a little bit addictive because it suggests you certain deductions and certain tricks. So it was pretty easy to start. Sometimes I had to really dig deeper into the law because some nuances are pretty subtle. And even within the package, it was not clarified enough. But after a certain time, you can get familiar with the packet, you can kind of sense what you need to use as an input. And with every year, it actually took me less and less time to prepare my returns for me and my company. My main recommendation would be to actually study the law. You don't have to go through the entire tax code. You can buy some books and go through them page by page to figure out the best solution for your business because TurboTax is not a magic stick. It's a tool. So you really need to know in advance how to structure your business, how to run it properly in order to minimize your taxes. And once you know the law, once you know all these strategies, then you can actually use TurboTax properly. It will not tell you everything when you're filing the taxes, it will only hint at things that you need to put down in your tax returns.
ONESOURCE Indirect Tax
TurboTax Business
Top FeaturesONESOURCE Indirect Tax
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TurboTax Business
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