inspiration

We Gave Ourselves A Raise

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Being our own boss is one of the best things we have ever done to better our lives and enriching our family time. Being self-employed means long hours and determination to push through the highs and lows, but it also means that the sky is the limit when it comes to adventures and your earning potential. Thanks to our friends at Intuit for sponsoring this post.

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We learned pretty quickly that the name of the game was work hard and play even harder.

That means that when it is time to work, we are all in. Then, when it is time to play we go all out then too. We also learned that there are tools that overlap work and play time that helps us maximize both. One of our favorites, especially since we still have taxes on our mind, is QuickBooks Self-Employed.

QuickBooks Self-Employed is our “everything” when it comes to our business finances. It helps us find tax deductions, keeps our finances organized by capturing receipts for our business expenses, automatically tracks our mileage, and categorizes our business expenses for us. 

It is specially designed for freelancers, independent contractors and Self-Employed individuals who receive a 1099, and file Schedule C’s. QuickBooks Self-Employed will help you maximize your tax deductions and put more money in your pocket. Plus, is does it all very intuitively and is easy to use no matter where in the world we are or what we are doing. That way we can spend more time on what is important to us…our family. 

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I know there are a lot of self-employed families out there that value their time like we do that would really benefit by leaving it to QuickBooks Self-Employed to automatically track business expenses, log, and track mileage and estimate your quarterly taxes so you don’t have to.  Think of the time that would free up and where you could spend that time. That equals more family time and/or more time making more money!

tax tips for self employed

I use QuickBooks Self-Employed on my laptop and from my mobile phone but I feel like it is always working for me even when I'm not actively logged in and using it. With most users, finding an average of $4,340 in potential tax savings per year and an average of $18,967 in deductions per year, I know that I am maximizing my money. At tax time their customers find tax deductions that could cut their tax bill by 36% too! That is billions in potential deductions found and hundreds of millions in potential tax savings found. 

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It is the perfect way to give yourself a raise.

Customers on average put 8% of their annual income back in their pocket using QuickBooks Self-Employed. When every dollar counts, 8% is an even bigger number than it sounds like! QBSelfEmployedRecieptSnap

One thing I have struggled with over the years is keeping track of mileage deductions.

I'm not alone in this either and I learned it is all about having a system and program that works. QuickBooks Self-Employed has helped users log in and deduct hundreds of millions of miles. On average, customers log $7,393 in mileage deductions per year. That is a huge deduction I know I don't want to miss. On average customers log $616 in mileage deductions per month and find on average 45% more deductions by logging miles.

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We work everywhere, even on the beach in Jamaica drinking strawberry smoothies, but we also have a home office back at home. QuickBooks Self-Employed knows about home office deductions and helps you maximize this too, with over $71 million in potential home office deductions found! On average, it finds $819 in home office deductions.

We have learned over the years that to be successful in any business, you have to have the right tools and surround yourself with the right people. Once you identify these prime members of your “team” you can focus on making money. QuickBooks Self-Employed is one of those tools that once you start using it, and you see how easy it is to use, it helps you make more and save more. It will quickly become a power player in your business life too!

Learn more about QuickBooks Self-Employed on Facebook, Twitter, and Instagram and by using these hashtags: #Quickbooks #SelfEmployed.

How would QuickBooks Self-Employed help you and your business?

Heather
Heather Delaney Reese is a Lifestyle and Family Travel Writer currently on the road with her family 150 days a year sharing exceptional family memory making moments and life's everyday fun times. She is a big proponent of encouraging others to join her journey and become a professional blogger to make money at home so that they too can spend more time with their families.

42 Comments

  1. We have quickbook in the UK but it it mainly for business accounting. I do not know if they have this type of quickbook in the UK but I’d definitely use it. Looks very helpful!

  2. Yes – you totally nailed it. The right tools are major in being efficient in your time. But – also knowing the right people make a difference. Lots to consider… thanks for the Quickbooks tool idea!

  3. I’ve heard many bloggers and self employed using these programs. I tried it back in the day and it was too confusing for me.

  4. I am making a concerted effort to keep track of mileage expenses now too after doing our taxes and realizing I hadn’t taken a advantage of the deductions I was allowed.

  5. I love the pictures and the beach calls my name to give myself a break lol I gotta try Quickbook tool then and thanks for the advice I need to surround myself with positive energy as well!

  6. Oh, I really need this in my life. Especially since I have two businesses, my blog and a catering company. I tend to spend a lot on gear and other things and never know how to deduct it. Thank you for this!

  7. I am always amazed at what QuickBooks can do. It really does make a difference when you are self employed. It is a great resource to keep track of all those crazy self employed finances which can be so hard to keep organized. Very helpful!

  8. What a good post and this is the first t time that I heard about QuickBooks and this is so Interesting for me

  9. Self-employed people need to use QuickBooks to keep track of their expenses and more! It will surely help them to keep organized!

  10. I have never heard of this version of Quickbooks!!! I really need to check it out, it’s something I am looking for right now!

  11. This was a fantastic read. Thank you for breaking down what works for you and what you improved on. You made me realize I need Quickbooks in my life.

  12. I could really benefit for Quickbooks for Self Employed. I’m pretty good at keeping track of my invoices and money coming in, but I don’t do as good as job with where I could take deductions. This tool could really help me.

  13. I think QuickBooks is an awesome app to have. I also work from home and sometimes the household chores get in the way of keeping finances in check. I will give this a try and see how it works for me.

  14. I have to give myself some time to read through Quickbooks Self Employed. I think it is going to make minding my finances easier. Thanks for letting me know.

  15. This is great advice for those who need the extra tool to make sure their spending and expenses are fully accounted for. I’m familiar with this software.

  16. We just started our membership with QuickBooks Self-Employed. We already use TurboTax, so it made the most sense in tracking all of my online income.

  17. It’s really all about working hard and being dedicated to what you do. It’s also important to allow yourself to have some down time. It looks like you found which works.

  18. It’s nice that you found a guide that works for you through quickbooks. I think it’s really important that you utilize all the tools that can help you become more successful.

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