Tax Software
βœ… Updated May 2026

Best Tax Software for Small Business in 2026

Filing taxes as a small business owner does not have to be stressful or expensive. We compared the most popular tax software so you can file confidently, find every deduction, and keep more of what you earn.

πŸ† Best overall USA
TurboTax
From $89 (Self-Employed)
πŸ’° Best value
H&R Block
From $44.95 (Self-Employed)
πŸ‡¨πŸ‡¦ Best Canada
Wealthsimple Tax
Free Β· pay what you want
⚑ Quick Answer

TurboTax Business is the best-known tax software for small businesses in the USA. H&R Block is the best value with in-person backup. In Canada, TurboTax Canada and UFile are the top choices.

How this guide was reviewed: The tools in this guide were researched from the vendors' own websites and published user reviews. Alex has not tested them hands-on. Check current pricing on each vendor's site before you buy. Disclosure: Kit SEO earns money from affiliate partnerships. Affiliate links are labelled and never change our rankings. Affiliate disclaimer.

⚑ Quick picks β€” best tax software for small business 2026
Best US overall
TurboTax Business
Most complete US small business filing
Best US value
H&R Block
Cheaper with human backup option
Best US budget
TaxSlayer
Cheapest self-employed option
Best Canada overall
TurboTax Canada
Most complete T1/T2 filing
Best Canada free
Wealthsimple Tax
Free NETFILE-certified, pay what you want
Best Canada accountant
ProFile / TaxCycle
Professional CPA-grade Canadian software
Best for sole props
TurboTax Self-Employed
Schedule C/T2125 auto-populate from QuickBooks
Best full-service
H&R Block Full Service
Human does it for you in-person or online

πŸ”¬ How this guide was researched

This guide compares these tax tools using each vendor's current pricing pages and documentation, published feature lists, verified user reviews on G2, Capterra and Trustpilot, and each vendor's Canadian documentation for GST/HST and other Canada-specific features. I haven't run every one of these tools in my own business, so these comparisons are research-based rather than long-term hands-on reviews. Prices were last checked in May 2026, so confirm the current price on the vendor's site before you buy.


01 Do small businesses need tax software?

Whether you need dedicated tax software depends on your business structure and complexity. Sole proprietors with simple income and expenses can often file using consumer tax software (TurboTax Self-Employed, Wealthsimple Tax). Corporations require corporate tax software or a CPA. Here is what each business type typically needs.

  • Sole proprietor / freelancer: Consumer tax software with self-employed module (Schedule C in the USA, T2125 in Canada). TurboTax Self-Employed, H&R Block Self-Employed, or Wealthsimple Tax (Canada, free).
  • Corporation (USA β€” S-Corp, C-Corp): TurboTax Business, H&R Block Business, or a CPA. Corporate returns are significantly more complex and errors are costly.
  • Corporation (Canada β€” CCPC): TurboTax Business (T2), TaxCycle (professional), or a CPA. CRA's T2 return for a Canadian corporation requires corporate-specific software or professional filing.

02 TurboTax β€” Best overall tax software (USA and Canada)


03 H&R Block β€” Best value with human backup

H&R Block πŸ‘€ Best human backup option
DIY software with option to hand off to a human tax expert β€” or file in any H&R Block office

H&R Block offers both DIY software and in-person/virtual tax professional filing β€” making it the most flexible option for small business owners who start DIY but want human review available. The self-employed software is priced below TurboTax at comparable features, and H&R Block's human expert access ("Refund Advance", "Tax Pro Review") is seamlessly integrated. Available in both the USA and Canada with full GST/HST and provincial tax handling for Canadian businesses.

Pros
  • Cheaper than TurboTax for comparable features
  • Seamless handoff to human expert if needed
  • In-person offices across Canada and USA
  • Available in both countries
  • Good import from QuickBooks and accounting software
Cons
  • Slightly less polished interface than TurboTax
  • Human review costs extra
  • Some province-specific Canadian forms less intuitive

04 Best tax software for Canadian businesses

Canadian small business owners have several strong options depending on whether you file as a sole proprietor (T1 + T2125) or corporation (T2). Here are the specific Canadian recommendations:

Best tax software for Canadian small businesses 2026

Canada's NETFILE system allows direct electronic filing to CRA. Any software used must be NETFILE-certified. Here are the best options by situation.

Wealthsimple Tax βœ“ Free for individuals
Formerly SimpleTax. Pay-what-you-want (can be $0). NETFILE-certified. Best for Canadian sole proprietors and freelancers with simple self-employment income. Handles T2125, GST/HST remittances, and all provincial returns.
TurboTax Canada βœ“ Most complete
Best Canadian option for complex T1 returns and T2 corporate returns. QuickBooks import, NETFILE to CRA, provincial T2 filing, and TurboTax Live (CPA access) available. Standard for incorporated small businesses filing their own T2.
H&R Block Canada βœ“ Human backup
Strong option for Canadian businesses wanting DIY software with a human safety net. Offices across Canada for in-person filing. Competitive pricing versus TurboTax Canada at comparable feature levels.
TaxCycle / ProFile βœ“ CPA-grade
Professional-grade Canadian tax software used by CPAs and accounting firms. Not consumer-friendly but the gold standard for complex Canadian corporate and personal returns. If your accountant uses TaxCycle, it means they take your Canadian filing seriously.
GenuTax Standard βœ“ Free T1
Free NETFILE-certified T1 personal tax software for Canadian individuals. Handles all provinces, self-employment income (T2125), and most common slips. Pay-what-you-want model. Best free option for Canadian sole proprietors after Wealthsimple Tax.
GST/HST note βœ“ File separately
GST/HST returns are filed separately from income tax β€” through your CRA My Business Account online. Most accounting software (QuickBooks, Wave, FreshBooks) can generate your GST/HST figures automatically to make this filing straightforward.

How we review software β€” and why you can trust this guide

Kit SEO is a small, independent site. Here is exactly how this page was put together.

πŸ” What we look at

  • Real cost β€” intro and renewal prices, per-user fees
  • Features small businesses actually use
  • Ease of setup and day-to-day use
  • Canada support β€” CAD billing, GST/HST, local compliance
  • Support quality and what verified users say on G2, Capterra and Trustpilot

πŸ§ͺ Hands-on vs researched

At the top of this guide we state exactly which tools Alex has used personally. Everything else is researched from the vendor’s own pricing pages and documentation, plus verified user reviews. We never claim to have tested something we haven’t.

🀝 How we stay independent

Some links on Kit SEO earn us a commission at no cost to you. Commissions never decide a ranking β€” picks are based on the criteria here and real experience, and sponsored placements are always labelled. How we make money β†’

AR
Written by Alex Reid Β· Founder & editor (pen name)

Alex has been doing SEO for small businesses in Alberta for more than 4 years and runs real sites on WordPress, WooCommerce and Shopify. About Kit SEO Β· More from Alex

πŸ“… Last updated: May 2026. We review our guides regularly and update them when pricing or features change. Spotted something out of date? Tell us and we will fix it.

05 Frequently asked questions

What is the best tax software for self-employed in Canada?
Wealthsimple Tax is the best free option for Canadian sole proprietors β€” pay-what-you-want pricing, NETFILE-certified, and handles T2125 (business income) and all provincial returns. TurboTax Canada Self-Employed is the best paid option with more hand-holding, QuickBooks import, and CPA access via TurboTax Live. Both are excellent choices depending on your complexity and comfort with taxes.
Do I need an accountant to file my small business taxes?
Sole proprietors with straightforward income and expenses can typically file themselves using TurboTax or Wealthsimple Tax. Corporations (Inc., Ltd., LLC) are significantly more complex β€” a CPA typically saves more in tax than their fee costs, especially in the first few years. The general rule: if you are incorporated, or if your business has employees, multiple revenue streams, or significant assets, the cost of a CPA pays for itself.
What tax deductions can Canadian small business owners claim?
Canadian sole proprietors can deduct: home office expenses (work-use percentage of mortgage/rent, utilities, internet), vehicle expenses (business-use percentage), phone and internet, professional development, software subscriptions (QuickBooks, etc.), professional fees (accountant, lawyer), advertising and marketing, equipment and tools (potentially immediate expensing), and meals and entertainment (50%). Incorporated businesses can deduct these and more through the corporation. Keep receipts for everything β€” CRA requires records for 6 years.
When is the Canadian small business tax deadline?
Sole proprietors (T1): June 15 filing deadline, but any taxes owed are due April 30. Corporations (T2): 6 months after fiscal year-end filing, with taxes due 2 months after year-end (3 months for CCPCs eligible for the small business deduction). GST/HST: annually (if under $1.5M revenue), quarterly, or monthly depending on your registration. Missing deadlines triggers interest and penalties β€” set calendar reminders or use an accountant to track deadlines.

Get your tax deductions β€” then get found on Google

The right software runs your business. Getting found on Google brings in the customers. Our free, easy-to-follow guide shows small businesses in the USA and Canada how to get found on Google β€” no agency needed.

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