can i get tech or customer service for my self-employed account
It also connects to Shopify and automatically adds sales tax to your invoices, two crucial features for sole proprietors who sell products online. It has more accounting features that help you track your profit and loss, find new ways to grow your business, and collaborate with extra users. QuickBooks Solopreneur (formerly Self-Employed) is an accounting software product designed to help freelancers and sole proprietors keep tabs on income, expenses and tax obligations. Simply swipe left to mark a transaction as business versus personal, and categorize it to align with IRS filing categories. The Self-Employed Live Tax Bundle is the best option if you want live tax support. For an additional $11 per month, you’ll have unlimited access to a CPA to answer tax questions throughout the year.
These quarterly taxes are for self-employment tax as well as income tax. You have to file an income tax return if your net self-employment income is $400 or more. QuickBooks has tools to support your business, no matter the size. Whether you’re managing a side hustle, a full-time business of one, or scaling your team, we have a suite of products and services right for you.
Run your business anytime, anywhere
If you make $400 or more from self-employment, you are generally considered self-employed and must pay self-employment tax. If you are self-employed, ultimately, what you call yourself comes down to personal preference and the message that you most want to send about what you do and what you offer. Freelancers are self-employed individuals who work on a project-by-project basis for multiple clients, offering their skills and services.
Before deep-diving into how QuickBooks Self-Employed differs from QuickBooks Online for small businesses, let’s talk about what we like and don’t like about QuickBooks’ online products in general. Follow the instructions in this guide to automatically migrate your data and subscription to QuickBooks Solopreneur and continue business as usual. If you are a current QuickBooks Self-Employed customer who would like to move to QuickBooks Solopreneur, we can automatically migrate your subscription and much of your data to QuickBooks Solopreneur. The foundation of financial health for every business owner is separating the finances of the business from their personal finances. Stability, investing in yourself, and running your business takes a combination of apps, knowledge, and grit. intuit quickbooks self employed By clicking “Submit” you agree to permit Intuit to contact you regarding the Intuit QuickBooks Small Business Index.
Over the same period, however, average quarterly revenue increased by $1,050 to $144,950 per business. Small businesses in the wholesale trade sector (NAICS 42) had the largest decline in average quarterly revenue in Q1-2025, falling to $606,860 per business. Bureau of Economic Analysis shows the sector’s real GDP declined by 0.21% in Q4-2024. At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. QuickBooks Self-Employed is a separate, standalone bookkeeping solution for freelancers.
If you anticipate your business will grow, consider starting with QuickBooks Online, which comes with this capability and is designed to be used by multiple people. The plan comes with a subscription to TurboTax so you can file one state tax return and a federal tax return directly from your account. This plan is ideal for those who want to integrate their tax filing with their accounting software. As is typical of Intuit products, both QuickBooks Self-Employed and QuickBooks Online have higher starting prices than most other freelance and small-business accounting plans on the market.
Some users report issues with missed trips and inaccurate mileage tracking, so keep tabs on your trip log to ensure precise records. If you’re a sole trader, you need to register for Self Assessment with HMRC so you can pay your Income Tax. Read our handy blog article to find out more about how to calculate and do your income tax. QuickBooks can give you an estimate of your Income Tax and calculate your income and expenses to help you prepare the information required for your SA103 or SA105 form. Currently we don’t support partnerships or multi-property income or capital gains.
QuickBooks Online still includes quarterly estimated taxes and tax deduction optimization—its plans just offer more accounting help alongside the basic QuickBooks Self-Employed features. QuickBooks includes business income when it calculates your estimated taxes. So, you should only categorize money that comes from self-employed work as business. If you qualify as self-employed according to these IRS rules, you may need to pay quarterly estimated taxes.
QuickBooks Solopreneur
Like all QuickBooks products (at least, all of its cloud-based accounting products), QuickBooks Self-Employed also wins big for user friendliness. And the software’s learning curve is low enough that you should quickly get the hang of importing bank transactions and sending invoices. As a result, QuickBooks Self-Employed isn’t our top self-employment accounting software recommendation for most contractors or freelancers. But if you’re extremely tax conscious and want to focus on maximizing your business expense tax deductions, QuickBooks Self-Employed could still work for you. Just connect your bank and credit card accounts to QuickBooks Self-Employed.
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Doing so can be complicated even if you stay within the QuickBooks universe. You may need to manually move your data by exporting, then importing data into your new QuickBooks account. Mileage data can’t be imported into a new QuickBooks account, so you would need to manually add each trip. You can upgrade to QuickBooks Online but may need to manually move your data. We believe everyone should be able to make financial decisions with confidence.
Swipe left for business
Bureau of Economic Analysis is currently only available through the end of 2024 but shows the inflation-adjusted value of the sector’s gross domestic product (real GDP) increased by 1.7% in Q4-2024. With QuickBooks (QB), you can flag incoming or outgoing payments as either business or personal. This creates clarity and helps distinguish between the two at a glance. Intuit owns both QuickBooks and TurboTax, so both plans add TurboTax access to your existing Self-Employed features.
For more information about differences between specific features offered in QuickBooks Self-Employed, QuickBooks Solopreneur, and other versions of QuickBooks Online you can visit our in-depth guide. See articles customized for your product and join our large community of QuickBooks users. Follow these steps to cancel your QuickBooks Self-Employed trial or subscription. Starting your entrepreneurship journey and learning how to run a business requires passion, strategy, and boldness. See your income, expenses, and profit all in one place, helping you feel prepared throughout the year.
Invoicing can sometimes be a complex process with many opportunities for something to slip through the cracks. The QBSE app allows you to quickly create and send invoices while on the go, then transfer payments to your bank account so you can access your money ASAP. For ongoing projects, there’s a recurring invoices option as well. QuickBooks Self-Employed is best suited for freelancers, solopreneurs and consultants who want an easy-to-use online accounting tool to keep track of their business’s finances. There are three plans available that cost between $15 and $35 per month.
The latest quarterly data from the Small Business Index shows US small business employment fell by 433,500 jobs (-3.53%) in the first quarter of 2025. Quarterly revenue grew by 0.03% in Q1-2025, on average, to $151,110 per business. While revenue remains above the pre-pandemic level recorded in Q1-2020, it has trended downward since Q2-2021, when quarterly revenue peaked at $173,070. QuickBooks provides app integration with over 650 popular business apps including PayPal, Square and Gusto to streamline your business’s accounting.
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- QuickBooks provides app integration with over 650 popular business apps including PayPal, Square and Gusto to streamline your business’s accounting.
- Most business owners start the year with the best intentions of accurately tracking business mileage, but they wind up giving their best guess at tax time and crossing their fingers.
- It’s no frills self-employed accounting software that keeps things simple.
- QuickBooks Self Employed is an accounting tool for freelancers and independent contractors.
Take control of your business finances with QuickBooks Sole Trader. It’s no frills self-employed accounting software that keeps things simple. Here’s another way QuickBooks helps you maximize your deductions—learn if and how you can deduct the cost of your accounting software.
Software like QuickBooks Self-Employed can help you keep accurate financial records, but it doesn’t offer many analytic tools. In contrast, QuickBooks for small businesses includes bookkeeping and accounting features, like profit and loss tracking and management. These features can help you track basic income, get paid on time, and make the most of your end-of-year tax deductions. They’re also ideal for helping you separate business expenses from personal expenses—which is a crucial financial step for every small-business owner, including freelancers working just a few jobs a year.
- The Self-Employed plan lets you keep your business and personal expenses separate.
- QuickBooks Self-Employed is best suited for freelancers, solopreneurs and consultants who want an easy-to-use online accounting tool to keep track of their business’s finances.
- For ongoing projects, there’s a recurring invoices option as well.
- We believe everyone should be able to make financial decisions with confidence.
You’ll also be able to have your final tax return reviewed by a professional. This plan is best for business owners who want to be able to ask an accountant for support when questions come up. However, if you want features other than basic reports, bookkeeping, and tax assistance, we recommend QuickBooks Online or another accounting software program.