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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 ...
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, 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 ...
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 ...
When you're self-employed, paying taxes is a little more involved than merely doing your income tax filing once a year as you do when you're an employee. You'll need to file the appropriate...
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.
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