QUICKBOOKS SELF-EMPLOYED
What is Quickbooks Self-Employed-
QuickBooks Self-Employed (QBSE) helps self-employed individuals track their business-related transactions. It helps calculate federal estimated taxes based on your business data. QuickBooks Self-Employed helps you make quarterly estimated tax payments and file your Schedule C along with your annual tax return (1040).
Do you qualify for QuickBooks self-employed?
Generally, you're self-employed if any of the following apply:
You carry on a trade or business as a sole proprietor or an independent contractor.
You are a member of a partnership that carries on a trade or business.
You are otherwise in business for yourself (including a part-time business).
You generate Schedule C categories and file your business taxes as part of you 1040.
Objectives-
Organize your business spending.
Maximize your business deductions.
Claim a mileage deduction by tracking the business miles you drive.
Help you figure out your business profit.
Calculate your estimated tax payments.
Put your expenses into the correct Schedule C categories.
Export your records to an easy-to-read Schedule C.
Connect to TurboTax for fast year-end filing.
Tax obligations for Quickbooks Self-employed-
As a self-employed individual, you're generally required to file an annual return and pay estimated tax quarterly.
Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. Self-employment tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It's similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. In general, "self-employment" refers to Social Security and Medicare taxes and not any other tax (like income tax).
Before you can determine if you are subject to self-employment tax and income tax, you need to figure the net profit or net loss from your business. You do this by subtracting your business expenses from your business income.
If your expenses are less than your income, the difference is net profit. This becomes part of your income on page 1 of form 1040. If your expenses are more than your income, the difference is a net loss. You can usually deduct your loss from gross income on page 1 of Form 1040. But in some situations, your loss is limited. See Pub. 434, Tax Guide for Small Business (For Individual Who Use Schedule C or C-EZ) for more information. You have to file an income tax return if your net earnings from self-employment were $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions.
How much does it cost- (special pricing for the first 3 months of the sign up)
Self-Employed $15 ($7 /mo Save 50% for 3 months*)
Send and track simple invoices
Separate business and personal expenses
Maximize your Schedule C deductions
Quarterly estimated taxes calculated automatically
Automatic mileage tracking
Self-Employed Tax Bundle $25 ($12 /mo Save 50% for 3 months*)
Send and track simple invoices
Separate business and personal expenses
Maximize your Schedule C deductions
Quarterly estimated taxes calculated automatically
Automatic mileage tracking
Pay quarterly estimated taxes online directly from QuickBooks
Easily transfer info to TurboTax
One state and one federal tax return filing included in this bundle 1
Self-Employed Live Tax Bundle $35 ($17 /mo Save 50% for 3 months*)
Send and track simple invoices
Separate business and personal expenses
Maximize your Schedule C deductions
Quarterly estimated taxes calculated automatically
Automatic mileage tracking
Pay quarterly estimated taxes online directly from QuickBooks
Easily transfer info to TurboTax
One state and one federal tax return filing included in this bundle 1
Talk to real CPAs when you need 2
Get unlimited help and advice all year
Have a CPA do a final review of your return
CLICK ON THE LINK BELOW AND SIGN UP TODAY!