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  • Tax Profile in the mobile app

    From the article: Your self-employment tax is only based on your 1099 earnings.... However, your income tax is based on both your 1099 and W-2 earnings, so having both types may increase your income tax bracket.

  • Bank Feeds Direct Connect FAQ in QuickBooks Self-Employed

    From the article: What's new about my bank connects?... What’s new about QuickBooks Self-Employed’s connection to my financial institution?

  • Transfers: Owner's Withdrawal

    From the article: Use this category for withdrawals from your self-employed finances for your own personal use.... In essence, this is paying yourself.

  • Square footage: Why it matters for your home office

    From the article: There are two ways to calculate a home office deduction, and both are based on square footage.... Be prepared to measure your space.

  • Schedule C: Supplies

    From the article: These are the things you buy to sell or turn into something you sell.... It's the costs of raw materials, packaging, and shipping that ultimately become part of the products you sell or create.

  • Schedule C: Estimated Taxes

    From the article: This is a subcategory of the Schedule C Taxes and Licenses category.... These are payments you've made to the IRS for federal estimated taxes.

  • Import transactions from other sources

    From the article: You can import transactions from sources other than your connected bank accounts using a .CSV (comma-separated values) file.

  • Schedule C: Travel expenses

    From the article: This category is specific to the cost of business travel (not personal) .... This category does not include any expenses for local meals or travel in or around your home location.

  • Schedule C: Contract labor

    From the article: These are costs associated with contracted laborers who worked for you during the year.... Heads up : If you paid an independent contractor or freelancer $600 or more for services on a project and did not withhold any type of taxes, you are required to s

  • Estimated taxes explained

    From the article: What the heck are estimated taxes?... Here’s a rundown.... The IRS has two basic ways of taxing a person's income: Withholding .

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