Business: Self-Employment Taxes Made Easy
I am not a numbers girl. In fact, I had to repeat math a few times through my years in school. When I started my business 7 years ago, I struggled to grasp even the idea of estimating a project properly. Then when April 15th rolled around and I discovered I had to file taxes for the simple $10,000 I made that year, I realized I needed help. Back then I didn’t have a lot of options. Quickbooks Self-Employed wasn’t even online yet, and more or less you had to be an Excel pro to really get things together for an accountant to help you. Nowadays, this isn’t the case at all. With so many people now running businesses from spare rooms in their home or from their kitchen table, such as myself, many companies have caught on that tools need to be available. One of these amazing companies to bring ease and peace to us self-employed creatives is TurboTax Self-Employed.
We wrote a post a while back about common write-offs for entrepreneurs you shouldn’t miss, but TurboTax Self-Employed is the perfect tool to help take so much of the guessing game out of not only tax time, but of running your business throughout the year. Mike and I’s time is stretched very thin as entrepreneurs and parents so when tax season arrives, we love to have all the necessary tools at our fingertips.
Though TurboTax Self-Employed contacted us after we had already finished our taxes for 2016 with our accountant, we still walked through the full process with their system this last weekend. We loved how simple the tools were to use, how it saved our place in case we got pulled away, and how they connected with apps and software we already use such as Mint and Quickbooks Self-Employed online.
As I walked through the step-by-step process, I thought about myself years ago, running my business all alone and not knowing how to do anything when it came to my taxes. I thought about what an impact TurboTax Self-Employed would have made for me then as I tried to find my way from the helpful articles to the estimators. All their tools would easily taken away my headaches during tax season.
As we are kicking into another year of running our business, Mike and I are planning to use these tools from TurboTax Self-Employed to make this year go even smoother in our business. When we have great tools we find that it gives us more time to do what we love, which ultimately makes our business flourish.
I would love to hear what ways you have found to make your taxes easier as a self-employed individual? What pitfalls have you had?