Freelancing really enjoys an upsurge these times, especially because internet offers tons of possibilities for us to do work from home. However, from taxing point of view, freelancing counts equal to any other jobs, therefore, if you do any sort of work as a freelancer, your work is taxable and failure to pay taxes would result paying a hefty amount of fine. That’s exactly why Quickbooks Support has worked hard to create a tool which is specifically for those working alone as freelancers. With Quickbooks Self Employed cloud package, you will be able to easily keep track of your income vs. your expenses, you can calculate your taxes, mileage when applicable, pull reports and if you have any questions just give a call to Quickbooks Technical Support (1-800-593-0163) to get quick help.
Who can best use the Self Employed tool?
Basically anyone who is a freelancer, let that be a fashion blogger, who rents out his or her apartment, who walks dogs, who works as a writer or translator or who works as a driver. All in all, any self-employed individuals can freely use this Quickbooks Payroll Support to make their accounting and bookkeeping a lot easier to handle. It’s also important because this way, you can easily see how much income you make vs, your expenses. The easy to use platform makes the whole process of data entry and calculations a lot easier. You can also pull lots of reports to see your progress.
It’s essential to note, that although the tool itself is as comprehensive as possible, in a way, that makes it simple to handle by everyone who has nothing to do with accounting, it would not be fully used as a replacement of a real accountant, at least not in the very beginning. But it’s a great help in keeping track of all your costs, your income and most importantly, it can calculate your taxes and even submit them for you.
The easy to use interface makes it possible to easy enter all data, especially your costs and your income.
Pros and cons
Nothing is perfect and this is the exact situation with this tool as well. As for its pros it’s important to note, that you can freely use it from any smart device and it’s very easy to use containing lots of automated calculations to help you also it can connect to your bank or credit accounts and can calculate categorize and also track IRS Sched. C tax deductions. With the additional Tax Bundle you can also make quarterly tax payments way easier for you. As for its cons this particular tool lacks the invoicing feature, which you can mainly find in desktop software versions of Quickbooks. It also lacks the ability to make payments online as it doesn’t have an electronic payment gateway. If you would like to have wider range of possibilities then we suggest you to look into purchasing the Quickbooks Pro package which have more complex features. If you provide driving services, then the additional mileage tracker of the Self Employed Package could be useful for you as well.
Quickbooks point of sale support will always be happy to help you which tool would be the most useful for your line of business. Also, check out the official website for tutorials and more information materials.