| e some of the different things that tax software can | | | | sales tax solutions to businesses. |
| do for small businesses? | | | | Others that deal mainly with sales tax are Independent |
| 1. Simplify preparing and paying state and federal | | | | Systems, which has been in operation since 1977 and |
| income taxes. | | | | offers software for both sales and payroll taxes, and |
| 2. Ensure that all the proper deductions are claimed. | | | | CorpSystem Sales Tax Solutions that features |
| 3. Make it easier to pay and calculate payroll taxes. | | | | automated returns, access to tax rate databases, and |
| 4. Help deal with sales taxes. | | | | several other helpful tools. For many small businesses, |
| 5. Make e-filing simpler. | | | | software such as TaxCut or TurboTax that are |
| 6. Reduce the risk of an audit. | | | | commonly used by individuals may also be sufficient. |
| To choose the best tax software for your business, | | | | Tips for Buying the Best Tax Software for Your |
| first assess your actual needs. You'll want to select | | | | Business |
| one based on factors such as the number of | | | | - Software that has the most features may not |
| employees you have, whether or not you do business | | | | necessarily be the best for your particular type of |
| on a local, national or global level, as well as the overall | | | | business and may make things more complicated than |
| complexity of your company or business. Then, make | | | | they are. |
| a list of each type of taxes you will be responsible for | | | | - If possible, "test-drive" tax preparation software |
| paying or collecting. Be sure to include not only local, | | | | before buying. Many companies will allow businesses |
| state, and federal taxes, but also payroll taxes along | | | | to evaluate their software or try demo versions |
| with any sales or usage taxes. | | | | before making any commitments. |
| Some of the most popular tax software include: | | | | - The absolute best tax software will include regular, |
| Automatic Data Processing, Inc. (ADP): ADP has a line | | | | automatic updates to stay in accordance with current |
| of tax software, with some specifically designed for | | | | tax laws and requirements. |
| small businesses with one to 49 employees. Their | | | | - Make certain the software you purchase is |
| payroll tax software completely calculates, prepares, | | | | compatible with your computer's operating system. |
| and submits returns as well as tax compliance reports. | | | | - Ask business associates or colleagues for their |
| Other software manages income taxes as well as | | | | recommendations. |
| unemployment insurance taxes. | | | | The objectives of using tax software for your |
| MasterTax: MasterTax is used by small businesses | | | | business should be to avoid the most common |
| for payroll purposes and has an easy-to-use user | | | | mistakes and tax preparation errors, and also to |
| interface for those who aren't familiar with figuring | | | | reduce the amount of time spent calculating taxes. |
| taxes. Their products include MasterTax Enterprise | | | | Tax software will also enable you to claim all available |
| and MasterTax Service Provider, as well as software | | | | tax credits, and be sure that your taxable income is |
| for use with intranets and within networks. | | | | accurate. |
| Sabrix: Sabrix's tax management software is used by | | | | IAC Professionals is a single source for contracting |
| companies both large and small, and supports global | | | | qualified professionals to assist you with your most |
| tax transactions, which is excellent for those | | | | critical business needs. They offer a wide range of |
| businesses that deal with clients overseas and need to | | | | outsourcing solution which include Accounting, |
| understand foreign usage taxes. Sabrix also offers an | | | | Bookkeeping, Virtual Assistants, Company Formation |
| online service that allows potential customers to try | | | | and Business Consulting. |
| their system before buying, and is a leader in providing | | | | |