We Gave Ourselves A Raise
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.
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.
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!
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.
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!
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.
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!