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If you’re self-employed, taxes often get complicated. Managing receipts and keeping track of your income is a hassle, and without an appropriate system, you’re vulnerable to making errors. Fortunately, Quickbooks services can provide you with the platform and organization you need for taxes to run accurately and smoothly. Consider these five benefits.
- First thing: If you pay quarterly tax payments, Quickbooks can estimate the amount for you. This will give you an idea of how much you owe before it’s due. You can also pay what you owe to the IRS directly through the Quickbooks platform.
- Second thing: Quickbooks can track your mileage. If you drive for work-related purposes, you’ll want to keep track of the mileage for tax reasons. If you don’t report mileage in your taxes, you’re sacrificing money you could have saved in taxes. Fortunately, Quickbooks makes this a simple task.
- Third thing: Quickbooks software prepares reports for accountants. All you have to do is print the reports and take them to your accountant. The reports include your comprehensive financial information.
- Fourth thing: Quickbooks is affordable. If you’re a freelancer, your income likely varies, and you may not want to commit to a hefty monthly bill. Fortunately, you can use the self-employment version of Quickbooks software for a low monthly cost.
- Fifth thing: Quickbooks works with TurboTax. If you use TurboTax, you can bring your data from Quickbooks directly into TurboTax to save time and hassle.
A&B Accounting and Business Solutions, LLC, can assist you in using Quickbooks software. To speak with a professional, please contact us.
Categories: Quickbooks Blogs
