Read our handy blog article to find out more about how to calculate and do your income tax. If you’re self-employed, you have until June 17, 2024 to file your tax return. But remember, any balance owed must still be paid by April 30, 2024. If you have self-employment income, it’s a good idea to prepare your tax return well before April 30 to calculate if you have a balance owed. Connect your bank accounts, credit cards, PayPal, and more to pull in all income and expenses automatically. If you’re claiming allowances, such as the Married Couples Allowance, you’ll also need to calculate that manually.

TURBOTAX ONLINE/MOBILE PRICING

Sign in to your QuickBooks product from the selection below. Security Certification of the TurboTax Online application has been performed by C-Level Security. If you’re self-employed and self employed intuit login you use your cellphone for business, you can claim the business use of your phone as a tax deduction. Talk live to an expert who can give you one-on-one advice as often as you need.

Choose your TurboTax product

Track mileage, send invoices, connect accounts, do your taxes, and much more—all with Solopreneur. Get a clear view of your business performance, with simple tools to help you succeed. QuickBooks Solopreneur features easy-to-use tools to help you drive growth and financial stability. Find help articles, video tutorials, and connect with other businesses in our online community. QuickBooks MTD software currently supports Standard, Cash and Flat Rate schemes.

Forms You May File

Easily view income, expenses, and profit with simple reports and dashboards, to see where your business stands at any time. Claim every allowable expense available for self-employed individuals – all deductions are worked out for you. You’ll be ready to submit your tax return to HMRC with accurate figures. Have a tax expert do your taxes from start to finish, as soon as today.

Are you a small business owner, independent contractor, freelancer, or have a side hustle? Do your taxes your way and keep more of your hard-earned money. Yes, you can find guidance on how to connect your bank and credit card accounts to QuickBooks Online here. It’s also a good idea to ensure your books are reconciled — learn more about how to reconcile your books here. Let our credentialed small business tax experts help or even do your taxes for you. We’ll let you know what to expect and how to prepare in the unlikely event you receive an audit letter from the IRS.

QuickBooks Solopreneur, just for you

• You can also have a dedicated expert do your investment taxes for you with TurboTax Live Full Service.
• Do your taxes your way and keep more of your hard-earned money.
• We think QuickBooks is the best accounting software for sole traders and so do millions of customers world wide.
• No, you don’t need to install anything to your computer or any of your devices when you sign up to QuickBooks.
• We make it easy and 100% accurate, guaranteed, whether you file with an expert or do it yourself.

Choose Assist & Review to get unlimited expert help as you do your taxes, or Full Service to have an expert do them for you. For investors, rental property owners, freelancers, and the self-employed to seamlessly and accurately report income. To help get you prepared for this tax season, here are the forms you may need to file if you are self-employed. With 3,429,113 members and countless tax experts, we’ve got your question covered. Get accurate, up-to-date advice on changing tax laws that affect side-gig income, government credits, and more.

• Use our self-employment expenses tax calculator to get an estimate on your taxes.
• We’ll help you categorise your expenses with a few swipes.
• You can also join your QuickBooks Community, an online hub for QuickBooks answers and connecting with other QuickBooks users all over the world.
• Find help articles, video tutorials, and connect with other businesses in our online community.
• No matter how much self-employed income you’re earning, you can deduct your business expenses to lower the amount of tax you owe.

Designed for yourself-employed business

You can be an employee and an independent contractor (i.e. self-employed) at the same time. It’s very common to have more than one job, or do a side hustle along with your full-time employment. Self-employed workers do not have to pay EI premiums, unless you opt into the EI benefits for self-employed program.

• With TurboTax Premium, you can report sales from stocks, crypto, and bonds.
• Track mileage, send invoices, connect accounts, do your taxes, and much more—all with Solopreneur.
• Easily view income, expenses, and profit with simple reports and dashboards, to see where your business stands at any time.
• Organise your finances in one secure, automatically backed up place and work anytime from any device.
• A Form 1040 return with limited credits is one that’s filed using IRS Form 1040 only (with the exception of the specific covered situations described below).

No matter how much self-employed income you’re earning, you can deduct your business expenses to lower the amount of tax you owe. Use our self-employment expenses tax calculator to get an estimate on your taxes. Yes, TurboTax Premium covers all forms needed to report self-employment or investment income. TurboTax Premium can be used by self-employed workers, freelancers, investors, rental property owners, and more.

How can self-employed business owners learn to use accounting software?

Download our self-employed tax checklist to help you get organized. We offer free one-on-one audit guidance year-round from our experienced and knowledgeable tax staff. You’ll only need your email address and a phone number to get started. But since we save your return as you go, you can finish anytime. A Form 1040 return with limited credits is one that’s filed using IRS Form 1040 only (with the exception of the specific covered situations described below). QuickBooks takes the manual labour out of bookkeeping with automated features so busy sole traders and freelancers like you can get back to doing what you love most.