This accounting software may be a good fit for you if you: There are a number of different options that QuickBooks offers other than QuickBooks Self-Employed, which we will get into later. Is QuickBooks Self-Employed Right for Me? This makes importing all of your business’s financial info and other income easy. QuickBooks Self-Employed is seamlessly integrated with your TurboTax online profile when you purchase the Tax Bundle plan. Transfer information to your TurboTax account This plan lets you calculate and pay your quarterly taxes online directly from QuickBooks. The Self-Employed plan only lets you calculate your quarterly taxes. Paying quarterly taxes direct from QuickBooks Self-Employed When you upgrade to the Tax Bundle plan, you get the benefit of filing one state and one federal tax return, which is included in this plan. If you file your state tax return, that’s an additional $39.99, bringing your total to around $160 to file with TurboTax. If you are a sole proprietor who files a federal tax return with TurboTax, the cost to use their service starts at $119.99. QuickBooks is in the Intuit TurboTax family. The extra additions on this plan include: The Self-Employed Tax Bundle plan gives you all the tools of the Self-Employed Plan listed above, with the addition of a few extras. You can also customize reports so you can get a better insight on specific business needs. Gain information on profit and loss, tax summary, and business expenses. You can run reports on what matters the most to your business. If a client is late on paying, you have the option of sending that client a reminder that an invoice is past due. This feature lets you accept online payments, and you can customize your invoice template that fits your style. Instead of using a separate software or app to send invoices to clients, you can send them instantly from QuickBooks Self-Employed. It also gives you reminders for due dates so you can avoid quarterly tax late fees, and it also organizes your expenses for instant tax filing. You can eliminate the need for an accountant because QuickBooks Self-Employed automatically calculates your quarterly taxes for you. If your business requires you to travel or meet up with clients, then you know that a big percentage of your deductions comes from logging your miles.īy logging in on the QuickBooks Self-Employed mobile app, you can track mileage whenever you drive for business purposes. This makes itemizing your deductions easy when tax time comes around. You can also take photos of receipts and add them to your expenses. QuickBooks Self-Employed lets you keep track of where your money is going by automatically sorting out your bank, credit card, or PayPal transactions into categories. You can link your bank accounts and credit card accounts to get real-time tracking on expenses and business income. Platforms: Desktop online, desktop mobile, and mobile app (not available as standalone software)Įvery freelancer and small business owner knows that keeping your personal expenses and business expenses separate is a must when you are getting ready to file your yearly tax return. The Self-Employed Plan gives you the vital tools needed to keep your freelancing business on track. They run promotions often where you can get as much as 50% off the first three months for signing up, so check the website often. The Self-Employed plan costs $10 per month, and the Self-Employed Tax Bundle costs $17 per month. QuickBooks Self-Employed makes it easy because they only offer two plans to choose from. Let’s get down to the most important info you need: price. Is QuickBooks Self-Employed Right for Me?.Side Hustles The best part-time money-making opportunities. Employment Career & job-related information.Browse Companies Browse all companies offering gigs.Tasks Quickstart Guide The basics of making money performing common tasks.Rideshare Quickstart Guide The basics of providing safe rides via rideshare services.Freelancing Quickstart Guide How to enter into the gig economy as a freelancer.Lodging Quickstart Guide How to get started renting your home on lodging platforms.Lifestyle Quickstart Guide An overview of lifestyle, care-related gigs.Delivery Quickstart Guide The basics of delivering food, groceries, and packages.
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