Thursday, June 15, 2017

Quick Books Self Employed + Turbo Tax


I'm grateful to have been turned on to Quickbooks Self-Employed software by Harry the Rideshare Guy, and I'll explain why in this post.
Even if your only form of self-employment is picking up extra money running food for Uber Eats, Door Dash, Postmates, or another independent courier service, you will still want Quickbooks Self-Employed in your arsenal to ensure that you don't end up overpaying the IRS.
Tracking expenses can quickly become a pain. If you are a driver, you will want to be sure to get the Quickbooks Self-Employed app for your phone as well. It will track your trips to help you make sure you get reimbursed for business miles. If you link your bank account, debit card, and/or credit card, it will also help you track your expenses and separate business and personal expenses. No more need for the horrible box of receipts piling up over the year. You will, of course, still have some paper receipts, but these can easily be scanned and uploaded into your smartphone.
If you are mostly or entirely self-employed, as I am at this point, you will want to be sure to select the option to bundle Quickbooks with Turbo Tax. It will help you calculate your quarterly estimated taxes and save you from any unwanted surprises when April 15 (or thereabouts) rolls around.
I have a tendency to be fairly disorganized. Quickbooks Self-Employed is so easy to use that even someone like me, whose "organizational skills" are chaotic at best, can organize their finances. It helps me work smarter rather than harder, and that is a must.

Best,
Cie

Working to make your working life better

3 comments:

  1. With the right to employment comes another essential related right which is the right to choice of one's employment. The right to choice of one's employment gives the freedom to people to undertake work of their own choice and not toil in the field in which they do not wish to put their labor. Alex Mirza

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    Replies
    1. Yes, absolutely. I like working for myself, although at this point I'm really more of a contractor working for other people on a for-hire basis as opposed to being an employee of a given company. The appeal of working for a company is steady hours and steady pay, although, in fairness, a lot of companies promise that and then don't deliver.

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  2. You’ve got some interesting points in this article. I would have never considered any of these if I didn’t come across this. Thanks!. inspiration

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