Most of us use Tax Tools to help us keep track of where we are so we can report this to the government during tax time. The most popular tool is Turbo Tax, and it works in conjunction with Quicken because you can link up the data. Actually all of the software of this type now link up, but some report minor difficulties when importing and moving back and forth from Quickbooks to Quicken and visa-versa.
Of course, Microsoft Money is popular too and folks use this to keep track of their financial situation throughout the year making it available for tax time. It also has files that help you do your taxes. Indeed, Microsoft Money comes with any new computer that you buy, it gets good reviews too.
TaxCut by H & R Block is another popular one that you can buy at Office Depot, Office Max or Staples and folks rate it at a four or five star depending on the review survey. Having the data you need when you need it helps simplify your taxes and makes for a stress free endeavor.
Small Business owners have embraced Quickbooks as it is set up for such things, over 20 million copies have been sold, and each year they upgrade to the latest in order to deal with the tax changes. For those who cannot balance their check book Quicken is a gift from God for personal use.
Some people say they love Quicken and small business owners, well many of them would be lost without Quickbooks. Of course, there are many more options for small business than just Quickbooks. For instance, Microsoft Money, Peachtree Accounting, Tax Cut, Microsoft Office Accounting 2008, and there is a review each year of the Top 20 Best Small Business Accounting Software Packages in PC Magazine. The best part of these accounting programs is they allow you to print out P & L Statements, Balance Sheets, and charts and graphs.