What software should i use for tax planning for a small corporation for next year?

[paezra]

how do i do tax planning for next year?

[GeorgeDenseff]

Intuit has business tax planning software that works with the QuickBooks data.  Tax Planner Pro is $499.00 per year.  The basis of any tax planning is your business accounts.  So the software gets data from your QuickBooks to calculate your income tax needs.

For a small business, just using QuickBooks without any planning app keeps you updated on estimated payments due.

There are many tax planning  apps that you try for free.  A good one for individual taxes planning is  TurboTax Caster.

[Mike9241]

I would recommend talking to a professional. tax planning software can only do so much.  with a Corporation there are other tax issues - registering for payroll taxes, taking an adequate salary, maybe put in a retirement plan, record keeping requirements.  do you have sufficient tax knowledge to properly prepare the corporate returns and handling of the flowthrough of income if it's an S-Corp?  another question that a pro can advise you on is should it be taxed as a C-Corp or S-corp. As an employee, does your state require the Corporation to carry workmen's compensation insurance.   There can be substantial penalties if required and you don't have it even though you are the only employee.