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And if you’re self-employed, you can open a Solo 401(k) plan and deduct up to $69,000 in contributions (or $76,500 if age 50 or older). ... Account software (such as Quickbooks) makes tracking ...
When you’re self-employed, however, these taxes are your responsibility alone. The current self-employment tax rate is 12.4% for Social Security, which is your old-age, survivors and disability ...
QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
Intuit Merchant Service for QuickBooks – lets you process credit and debit transactions directly in any version of QuickBooks. QuickBooks Enterprise Solutions – for midsized companies that require more capacity, functionality and support than is offered by traditional small business accounting software; includes QuickBooks Payroll.
Intuit, the owner of TurboTax, spent more than $11 million on federal lobbying between 2008 and 2012. Intuit "opposes IRS government tax preparation", particularly allowing taxpayers to file pre-filled returns for free, in a system similar to the established ReadyReturn service in California. The company also lobbied on bills in 2007 and 2011 ...
Navigating finances as a self-employed person can be tricky, if not downright confusing. Where do you start? How do you go about investing and building financial security for yourself when you're...
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