TampaAccountant
offlineMember
I was wondering which tax return preparation software accountants are using lately?
I've never prepared tax returns as a business, but studying REG got me motivated...
Do you buy Turbo Tax?
Is there a website to lease tax software by return?
What's the best software?
Jeff - another71.com
offlineadmin
I've used Turbo Tax deluxe for the past 5 years or so...really like it for the price. Get it @ Best Buy here in a month or so...
Jeff - another71.com
offlineadmin
Actually - yes, as an affiliate of Intuit.
Jeff - another71.com
offlineadmin
Turbotax costs like $50...how much do the others cost and do they have the option of doing other people's returns? Turbotax doesn't.
HntrGrl
offlineMember
The one I use is expensive but it's a professional software that allows you to prepare individual and corporate returns. Unlike TurboTax, you definitely have the option of doing other ppl's returns. I pay around $800 for mine, but I run a tax business...so it's feasible for me to do so, for others who don't have a big clientele...not advisable...better off with Turbo Tax.
Jeff - another71.com
offlineadmin
Just curious - how many tax returns do you do on average...do you do this out of your house? Are you self-employed? I've thought about doing something similar...
HntrGrl
offlineMember
I'm self employed. I have my own storefront...which helps because if you're doing it out of your home...you're vulnerable also ppl are skeptical about coming to you. Believe me...i tried that and didn't work out. I would say if you have a solid 300 or so clients...either individual or a combination of individual and corporate...time for you to get out of your home office.
I've seen a lot of walk-ins and a lot more new clients since I opened a storefront office.
Jeff - another71.com
offlineadmin
That's interesting...good for you! I'm sure it has it's own challenges...being an entrepreneur is exciting, but stressful all at the same time.
CPAWannaBe
offlineMember
I just left the Drake update seminar. They are so customer-focused and worth every penny. We pay around $900 a year. We use their tax and payroll softwares. I work with my father and we do a little over 500 tax returns a year. He's an S-Corp and has been doing taxes almost 40 years.
TampaAccountant
offlineMember
Do you know of any tax preparation software that leases their software per return submitted?
$900.00 is not bad if you know you're going to get at least 10-12 clients to break-even.
I guess you get more on business corporate returns about $300-$500 or more.
MPoni123
offlineMember
TurboTax has software to prepare other people's returns. it is obviously more expensive than buying software just to prepare your own. i do think you are limited, though, to the number of tax returns you can e-file
Drake also has a per return option. I don't know about the others.
TampaAccountant
offlineMember
CPAWannaBe and wahoo, thanks for your insights on Drake.
I purchased today the Drake special 15 return package for $304.95 with tax. Once I re-order 3 tmes (spend $900) the software is mine so I can file unlimited federal and state returns for any years up to 2009.
This is great because yesterday I got a client who needs his returns done for the last 5 years (2004 - 2008).
I was very impressed with the Drake service. The software is awesome too.
Jeff - another71.com
offlineadmin
304.95 for 15 returns from Drake sounds pretty good...
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