Entrepreneurship in 2025: Could this be the year for a self-employment revival? 19 Dec 2024 Making Tax Digital (MTD) Income tax for Self Assessment: The complete guide for accountants 12 Dec 2024 Tax and pensions Do I need to complete a Self Assessment?
Quickbooks simplifies the process by offering integrated payroll features that help you accurately calculate employee wages, handle payroll taxes, and streamline employee management. Here’s how Quickbooks can assist you with payroll and employee management: Payroll Processing: Quickbooks allows you to ...
The app doesn’t just help you with invoicing sales taxes. With QuickBooks Self-Employed, it’s never been easier to keep a close pulse on the health of your business and understand exactly how much money is going in and coming out – every kilometre you drive, every expense, and every ...
Taxes for bloggers should be handled as if you're running a small business. Here's my detailed guide on how to do taxes on blog income (and blog tax tips).
Once a customer has purchased your product or service and they have sent a form a payment from them, the next thing you need to do is record the sale and take their payment. There are many ways that you can do this automatically, such as through integrating your QuickBooks Online with Qu...
Starting in 2026, the $600 threshold will apply. Self-Employment Tax When you work for someone else, you pay half your Medicare and Social Security taxes, and your employer pays the other half. These are sometimes referred to as payroll taxes. When you’re self-employed, you are ...
It works well with other software tools, such as Microsoft Excel, which makes organizing data and preparing taxes easier. Additionally, QuickBooks has cloud functionality, meaning users can access their financial information from almost any device. This setup allows for greater flexibility, making i...
I find Quickbooks horrifically complicatedand just letCollectivedo it for me. (photo by leszekglasner/stock.adobe.com) How do you file taxes if you are a freelancer? So how do freelancers pay taxes? Freelancers are expected to file both anannual returnand makeestimated quarterly tax payments....
This could result in you remitting sales taxes you never actually collected. Items on the deleted invoice will be marked unbilled. Deleting an invoice in QuickBooks will make all the items on that invoice show up as not billed. If you continue to do business with the customer whose invoice ...
You can pay contractors with the QuickBooks payroll feature (subscription required) or through the QuickBooks direct deposit feature. Let's go through the steps