I remember when I first started making money online many years ago when I was just a kid in high school. A few dollars quickly turned into hundreds of dollars, then thousands and so on. Along the way I had to experience first hand what it was like to do my own taxes, how to pay monthly and quarterly payments to myself (as an employee) and of course, taxes!
For the most part, I have all of this automated today, but back in the day I remember writing six figure checks at the end of the year because I wasn’t doing monthly or quarterly tax payment. Like I said… it’s a learning process, especially for any new bloggers, affiliate marketers and soon-to-be entrepreneurs who are just starting to find success working for themselves.
That was then and this is now. A lot has changed over the past 20 years and it’s now easier than ever to outsource and automate your salary, business taxes and filings through the different services out there. However, keeping tabs on your monthly earnings, costs and actual profits is still something you should always handle personally (or at least keep an eye on).
With more people discovering how to make money through the internet with their own web sites, blogs, ad campaigns and other self-employed businesses, these types of financial management solutions are now more sought after than ever before.
Intuit actually has their own solution, which is catered directly to freelancers, contractors, and home-based entrepreneurs. The software is loaded up with some amazing features and for many entrepreneurs, it’s the easiest way to track self-employment income & expenses year ‘round, and estimate your quarterly and year-end taxes.
Intuit QuickBooks for Self-Employed and Entrepreneurs
Intuit is a well known and trusted brand in the financial management space, so it’s no surprise that they’ve been able to pull their experience and resources together to come out with a solution for the booming self-employed and entrepreneur market.
In this article we are going to take a deeper look at what’s inside this powerful software solution and how it can help you run a better business and your finances in the process.
There are three main features and goals within Intuit QuickBooks Self-Employed, which are to help you;
Manage Simple Finances
– Untangle business from personal spending in just a few clicks and don’t be surprised at the end of the year when tax payments are owed.
Setup Quarterly Taxes with Ease
– The software does the math to help you set money aside & easily pay estimated quarterly taxes, which allows you to not be surprised at the end of the year when tax payments are owed.
Save Money on Tax Deductions
– Put expense-tracking on auto-pilot by using Quickbooks to categorize them into tax-saving Schedule C categories.
These three simple aspects can mean a world of a different for your business. Ever year millions of self-employed individuals and entrepreneurs find that they don’t have enough money to pay their taxes, simply because they don’t have a tracking and management solution in place. Intuit Quickbooks Self-Employed was created for this exact reason.
There are many other features built into the software as well, which include:
- Quarterly taxes estimated for you
- Connect accounts to see income & spending
- Track expenses in one click (or swipe on the go)
- Got an accountant? We’ve got tax-ready reports
- Maximize deductions like home office and mileage
- Count on security with bank-grade encryption
Intuit Quickbooks Fits into the Budget of All Entrepreneurs
While focusing our discussion on budgets and managing costs, it would be silly to not talk about the cost of using Intuit Quickbooks as a self-employed individual or small business.
The great news is that anyone can start using the software solution for just pennies per day. The only real work you need to put in, is looking at the chart below to see if your needs fall into the “Self Employed” or “Small Business” category. The main difference between the two is that the Self-Employed version is more catered to a one-person business, while Small Business is for multiple employees and deeper management of budget, spending and transactions.
No matter which solution you decide on, you are still looking at only $9.99 to $12.95 per month in costs.
Simplify Your Self-Employment Taxes and Finances
On top of everything else mentioned in the article, Intuit is currently offering a free 30-day trial for self-employed individuals and entrepreneurs to try out the software. This gives everyone an opportunity to start untangling their business and personal spending while also being able to estimate quarterly taxes with confidence. During your 30-day free trial, you’ll discover how beneficial it is to keep all of your finances and tax information within one location.
In addition to receiving a free 30-day trial, if you decide to purchase the product through the link below you are also eligible to receive $5 Cash Back fromShopatHome.com, which is an online coupon and Cash Back site that partners with thousands of online retailers and more than 60 million members to deliver savings.
To request your free trial version of Intuit QuickBooks Self Employed, click here.
This is a compensated post that contains affiliate links. I received compensation in exchange for writing this review. Although this post is sponsored, all opinions are my own.
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