Intuit has partnered globally with Etsy to offer Etsy sellers in the U.S. and U.K. the QuickBooks Self-Employed solution.
Etsy sellers’ data will flow into QuickBooks Self-Employed, which will automatically categorize the data so sellers can see their real income, including total expenses and profit. Sellers will also receive a discount for QuickBooks Self-Employed. Additionally, sellers in the United States can take advantage of the QuickBooks Self-Employed Tax Bundle, which provides the ability to pay quarterly and year-end taxes with TurboTax Online.
Etsy sellers will be responsible for tracking, organizing and reporting their own sales and business expenses. In a recent Etsy survey of U.S. sellers, 45 percent identified tax prep or accounting as very challenging.
Key features of QuickBooks Self-Employed include the separation of business and personal finances, compliance and tax preparation tools, and tools to help improve cash flow such as tracking mileage via GPS and built-in invoicing.
“We’re proud to help Etsy sellers keep more of that hard-earned income in their pocket, with a tailor-made solution that maximizes their deductions, simplifies tax time and provides clear visibility into their cash-flow throughout the year,” said Alex Chriss, vice president and general manager of Self-Employed Solutions at Intuit, in a statement.
For more information about QuickBooks Online Self-Employed, click here.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access