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Old 12-01-2013, 04:37 PM
williams lcm williams lcm is offline
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Join Date: Jul 2009
Location: orlando fl
Posts: 934
turbo tax

How easy is this to use? Should I get a CPA or use turbo tax for my small business? Thanks
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Old 12-31-2013, 12:42 PM
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TML TML is offline
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Join Date: Oct 2012
Location: Southern, ME
Posts: 741
I've used it for my personal taxes the past 3 years and have been satisfied, it walks you through step by step and will let you know if you qualify for certain deductions or not.

I used it this year to see how it would work for my part time business, same experience. If I had employees and this was my primary income I probably would get an accountant. I may next year anyway as they can advise better on purchasing decisions and will probably be able to find more deductions, especially writing off use of property ect.

It was very time consuming as I had saved all receipts and had to break down and itemize. I had to pay far less than I anticipated and could if paid less if I depreciated various equipment at different levels. It also takes care of state and federal taxes and figures in the self employment tax. It does have sections for employees, sub contractors, and claimed to download all necessary forms related to such.

Now disclaimer I'm no business or tax pro but I have used it and been satisfied, again for a simple solo owner part time business.
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Old 12-31-2013, 01:12 PM
whiffyspark whiffyspark is offline
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Join Date: Jul 2011
Location: Chesapeake beach
Posts: 5,495
Same here. Theres no sense in a CPA for a solo person. I have 3 businesses I use turbo tax for
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Old 12-31-2013, 05:06 PM
shane-pa shane-pa is offline
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Join Date: Feb 2012
Location: emporium, pa
Posts: 280
been using for three years now. figures everything out for me. i print a p&l from quickbooks and enter in all revenue and expenses. the biggest thing is knowing what you can deduct and what you can't. it figures out depreciation based on info entered. works good for me. if i was a corporation or llc, i would seek an accountant.
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