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The Best Online Accounting Services for Freelancers

Even the smallest business can benefit from a cloud-based accounting service. Our top tested performers provide all the tools and features freelancers need to keep a tight rein on their finances, without costing them fortune. ....

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Convert Your GoDaddy Bookkeeping Data to QuickBooks

We will cover how to move data from GoDaddy Bookkeeping to your new accounting software or simply backup the data so that it is easily accessible, should you need it for an IRS audit. Let s start by exploring how to migrate data into a QuickBooks Online account. ....

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I made a tax mistake when I started freelancing, new system is simple

In 2015, I got really serious with my side hustle and ended up earning well over $30,000. While I was proud of the extra money I d made, I realized I d made one major mistake when tax season rolled around not closely tracking my income or expenses. I was so excited about making money with a side hustle, but I paid for it the following spring by spending hours trying to organize my financial documents and data.
Not tracking my income meant not knowing how much tax I might owe
As a freelancer or contractor, I did receive a few 1099 forms from companies I worked for. As long as you earn $600 or more as a contractor, it s a requirement that companies send you a 1099 form stating how much you earned; this also gets sent to the IRS. ....

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