As a tax preparer, your time is valuable, and you need reliable software to help you manage client taxes efficiently. With so many options available, finding the right tax prep software can be daunting. To make things easier, we’ve compiled a list of the five best tax software for tax preparers in 2024.
1. TurboTax Business
TurboTax Business is a well-known name in the tax preparation industry. It offers a user-friendly interface and comprehensive tools that simplify the tax filing process for businesses of all sizes. Whether you’re handling simple returns or complex ones, TurboTax Business has you covered.
Key Features:
- Step-by-Step Guidance: The software guides you through each step of the tax filing process, ensuring you don’t miss any deductions or credits.
- Import Capabilities: Easily import data from previous tax years or other accounting software.
- E-Filing: TurboTax Business supports electronic filing, making it easy to submit returns directly to the IRS.
- Audit Support: Get assistance in case of an audit with TurboTax’s audit support tools.
Pros:
- User-friendly interface
- Comprehensive support and guidance
- Reliable customer support
Cons:
- Higher cost compared to some competitors
- Limited to business tax returns
2. H&R Block Premium & Business
H&R Block Premium & Business is another excellent choice for tax preparers. Known for its robust features and excellent customer support, this software is designed to handle both personal and business tax returns.
Key Features:
- Expert Advice: Access to tax experts who can provide guidance and answer questions.
- Data Import: Import previous year’s tax data and W-2 forms with ease.
- Accuracy Review: The software checks for errors and ensures your return is accurate before submission.
- Audit Assistance: Receive support in the event of an audit.
Pros:
- Excellent customer support
- Handles both personal and business returns
- Accuracy review feature
Cons:
- Slightly more expensive than some other options
- Interface may seem complex to new users
3. Drake Tax
Drake Tax is a favorite among professional tax preparers due to its powerful features and flexibility. It offers a comprehensive suite of tools designed to handle a wide range of tax situations.
Key Features:
- Customizable Forms: Create and customize forms to meet specific client needs.
- Multi-State Returns: Handle multi-state tax returns with ease.
- Client Management: Efficiently manage client information and track the status of their tax returns.
- E-Filing: Supports electronic filing for faster processing.
Pros:
- Highly customizable
- Suitable for complex tax situations
- Strong client management tools
Cons:
- Steeper learning curve
- Higher cost for advanced features
4. TaxAct Professional
TaxAct Professional is a cost-effective solution for tax preparers who need reliable software without breaking the bank. It offers a range of features that make tax preparation straightforward and efficient.
Key Features:
- Affordable Pricing: Competitive pricing makes it accessible for small businesses and independent tax preparers.
- Data Import: Easily import data from previous tax returns or other software.
- E-Filing: Supports electronic filing for quick and easy submission.
- Client Management: Keep track of client information and return status.
Pros:
- Affordable pricing
- User-friendly interface
- Comprehensive client management
Cons:
- Limited advanced features
- Customer support could be improved
5. ProSeries Professional
ProSeries Professional by Intuit is a powerful tax preparation software designed for accounting firms and professional tax preparers. It offers a wide range of features to handle even the most complex tax situations.
Key Features:
- Comprehensive Forms Library: Access to a vast library of tax forms and schedules.
- Data Import: Import data from QuickBooks and other accounting software.
- E-Filing: Supports electronic filing with the IRS and state agencies.
- Client Management: Efficiently manage client data and track return status.
Pros:
- Extensive forms library
- Seamless integration with QuickBooks
- Robust client management tools
Cons:
- Higher price point
- Steep learning curve for beginners
Become a Professional tax Preparer
Universal Accounting Center provides specialized programs designed to help professionals achieve in weeks what might otherwise take months. Our programs are tailored to streamline your path to success without extensive coaching or mentorship. With support from Universal’s dedicated team of academic, life, and marketing coaches, you can quickly establish yourself in tax preparation or bookkeeping and accounting services. Benefit from expert guidance throughout the program and beyond to become a top service provider in your region.
Professional Tax Preparer Course Online
If you’re looking for flexibility in becoming a certified tax preparer, Universal Accounting School offers a Professional Tax Preparer course online. This allows you to learn at your own pace and access course materials anytime, from anywhere.
Your business is an asset. You should know its value and understand how to maximize it.
Key Details about Our Professional Tax Preparer Certification (PTP):
- Establishing the Tax Preparation Foundation: Gain a comprehensive understanding of determining income and adjustments, which will factor into the Adjusted Gross Income (AGI).
- Becoming the 1040 Expert: Master the adjustments to AGI, including allowable credits, deductions, and exemptions.
- Profitable Business Returns: Learn to complete schedules and forms for various business types, including how to report gains and losses on business property.
- Job Placement Assistance: Benefit from our job placement assistance program, which includes resume building, job search activities, interviewing strategies, and post-interview tips to help you find employment or advance in your career.
FOLLOW THIS TURNKEY PROCESS TO GET THE NEW JOB YOU WANT AND DESERVE
Universal Accounting Center’s TAX Software
As part of our Professional Tax Preparer course, you will gain access to Universal Accounting Center’s proprietary TAX software, which is designed to enhance your learning experience and prepare you for a successful career in tax preparation.
UAC’s TAX Software Features:
- Integrated Learning Platform: Combines training with hands-on experience using the software.
- Real-World Application: Facilitates practice with actual tax scenarios, helping you gain confidence and competence.
- Expert Guidance: Provides insights from seasoned tax professionals to enhance your learning experience.
This course, complemented by UAC’s advanced TAX software, is a perfect solution for those looking to start a successful career in tax preparation quickly and effectively. With its user-friendly design and practical training, you will be well-prepared to excel in the field of tax preparation.
UAC’s Turnkey Process for Building a Successful Tax Preparation Practice
Universal Accounting’s turnkey process offers a complete guide to starting and growing a successful tax preparation business. This comprehensive approach includes:
- Proven Marketing Strategies: Learn how to effectively market your services to attract clients and build your brand.
- Competitive Pricing Models: Discover how to set pricing that reflects the value of your services while remaining competitive in the market.
- Client Interviewing Techniques: Master the art of interviewing clients to gather crucial information for accurate tax planning and preparation.
- Business Development Essentials: Receive guidance on essential business practices to establish and expand your practice.
Conclusion
Choosing the best tax software for tax preparers depends on your specific needs and budget. Each of the options listed above offers unique features and benefits that can help streamline your tax preparation process. Whether you’re a small business owner, an independent tax preparer, or part of a larger accounting firm, there’s a software solution that’s right for you.
By investing in the right tax prep software, you can save time, reduce errors, and provide better service to your clients. Take the time to evaluate your options and choose the software that best fits your needs.
