TurboTax Review

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Last updated: Jul 14, 2020

TurboTax Review

ITQlick rating
(4/5)

Starting from $60 per license

TurboTax is a cloud-based corporate tax solution designed to help the user receive their maximum tax refunds for State and Federal tax returns, and that targets small and medium-sized businesses.

  • Categories :

    • Accounting & Finance
    • Business tax
    • Personal tax

Shlomi Lavi / updated: Jul 14, 2020

What is TurboTax Used For?

TurboTax is a cloud-based corporate tax solution designed to help the user receive their maximum tax refunds for State and Federal tax returns, and that targets small and medium-sized businesses. The solution helps the user identify business purchases and scan their credit and bank transactions automatically.

It helps the user automatically track mileage and expenses in real-time and also capture receipts via mobile devices. The TurboTax Online includes state and federal e-filing with more than 350 automated tax deductions which help find and pinpoint every deduction.

The users can take a photo of their W-2 form through a mobile device or a tablet, validate their data and wait to see the information being placed into the correct tax forms. TurboTax State is a creation of Intuit and that can also be offered as an on-premise solution.

Average Rating -

The rating of TurboTax is 4 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

TurboTax State is suitable for anyone that file tax returns. Freelancers, startups and small businesses would benefit greatly from this program since it will save them the cost of hiring a tax expert. TurboTax State is straightforward and does not have any complicated features: after users answer several questions, the software will feed the information to the relevant sections and compute the tax returns automatically. TurboTax State supports importing data from federal returns to your state returns, and from other sources like 1099’s and the W-2 forms.

Features

TurboTax State will save you time and confusion, as you will not have to struggle while filling relevant forms for your state tax returns , and will also cut your business expenses since you will not be subjected to hiring tax consultants. Once you start using TurboTax State, the following years will not require you fill everything from scratch since information from previous years is stored in the system. Calculations are automatic and validated by the system to ensure that they are accurate.

For an additional fee, TurboRax State even files your return for you, a convinient option that also ensures that tax documentation is filed on time.

TurboTax 5 Pros

  • TurboTax State uses an easy Q & A system for collecting and filling details regarding tax returns
  • Built-in guidelines support easy navigation and use
  • TurboTax State monitors deductions and ensures that users receive maximal refunds
  • TurboTax State offers an option to e-file tax returns from the system
  • Clear data reporting of all entries

TurboTax 2 Cons

  • The automated tax returns filing should be offered at no extra cost
  • TurboTax State should consider getting more support from financial institutions

Competitors & Alternatives

The two main competitors of TurboTax State software include Drake Tax and CSC Corptax. Drake Tax is a cloud-based practice tax management software that helps to Hasten the processing and preparation of tax returns but on the other hand, TurboTax is cloud-based corporate tax solution designed to help the user receive their maximum tax refunds.

Intuit software Company owns TurboTax State whereas Drake Software company owns Drake Tax. Drake Tax software is offered as a cloud-based solution while TurboTax State is offered through cloud and on-premise deployments. While TurboTax State targets small and medium-sized businesses, Drake Tax targets mid-market and large businesses.

CSC Corptax is Web-hosted modeling, analysis & reporting solution intended to facilitate tax projections, tax audits planning and management reporting while TurboTax is cloud-hosted corporate tax solution intended to help the user receive their maximum tax refunds.

TurboTax State targets small and medium-sized businesses but on the other hand, CSC Corptax is suited to serve any size of an organization whether small or big. CSC Corptax is a product of Corptax whereas TurboTax State is a product of Intuit software Company.

TurboTax Pricing Information

The cost of license starting from $60 per license. The experts at ITQlick has reviewed TurboTax pricing and gave the software a total cost of ownership (TCO) rating of 3.6 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching TurboTax in action

Is it the right software for you?

TurboTax State offers corporate tax solutions intended to help small and medium-sized businesses. The platform is ideal for businesses seeking maximum tax refunds for State and Federal tax returns. TurboTax State offers various solutions to different clients including online, products, self-employed taxes, small business tax, as well as military.

TurboTax Categories

Accounting & Finance
Business tax
Personal tax

Specifications

Company:
Address: Intuit, Marine Way, Mountain View, CA
Website:https://turbotax.intuit.com/
Customers: Start up, Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop
Operating Systems: Mac OS, Windows, Linux

TurboTax Features

Business Owner / Self Employed
Income Tax Prep
Investment and Rental Property
Payroll/1099

TurboTax Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
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TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
94/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3.6/10
License pricing license pricing (if provided by the software vendor)
$60 per license
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7
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7
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6.6/10
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TurboTax
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
91/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
$29 per user/month
Hosting
NA
Functionality score
4
Fit small business
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BNA
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
87/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.4/10
License pricing license pricing (if provided by the software vendor)
$1,150 per year
Hosting
NA
Functionality score
7
Fit small business
Fit medium business
Fit large business
Software review