With so many tax preparation software products on the market, it can be a challenge to know which one is the best for you. Some tools are better than others. An independent tax professional or small business owner may be better suited to a different tax preparation software than a CPA working in a large corporate firm.
Like any product you'd buy, you want to Consider your budget, first and foremost. A premium plan may provide more features and forms, but it may not be the best option for you if it is over your budget. Consider what kinds of forms and features you will actually need. Write down a list of must-have forms and features. You may find that a basic software package will suit your needs.
Here are other points to consider when choosing a tax preparation software:
- Would you rather have a dedicated desktop version to work from, or is it important that you be able to work from a cloud service? Consider how much you travel and work on the go.
- Is it important for you to have state returns included in your software package? If so, look closely at each plan because some charge extra for state forms.
- Are you tech-savvy, or will you need a fair amount of support to use the software? Support by chat is the most convenient way to communicate with customer service, but not every package includes support by chat. Do your research.
With ever-changing tax laws and filing deadlines, a tax professional must have quick but efficient software that includes all the necessary forms and filing features. But pricing matters, too. Ultimately, the best tax software is the one that meets all your needs and helps you maintain the most crucial aspect of the job: customer satisfaction.