Intuit released a new Stripe integration with QuickBooks Online Self-Employed, available for marketplaces using the online payment provider.
The integration allows self-employed and freelance workers to have their income data flow securely into the new QuickBooks Online Self-Employed product so that tax obligations are visible and deuctions can be tracked
The integration is available now to all marketplaces using the Stripe platform to pay their independent contractors.
“While the expanding on-demand economy is making it easier for millions of individuals to find work, it’s also exposing new hardships in the form of tracking net income, managing individual expenses, and paying quarterly taxes,” stated said Alex Chriss, vice president and general manager of Self-Employed Solutions at Intuit. “The integration between QuickBooks Online Self-Employed and Stripe enables On-demand marketplaces to provide a tremendous and free benefit to their independent contractors to help ease this tax complexity. Marketplaces are focused on creating efficient interactions for consumers by leveraging fleets of independent contractors now they can offer these contractors a product that is laser focused on improving their financial lives.”
In addition to the free version, users have the option to connect additional bank and credit card accounts into QuickBooks Online Self-Employed year-round.
“We’re thrilled to see Intuit build such a powerful tool on top of the Stripe platform,” stated Cristina Cordova, head of strategic partnerships at Stripe. “Marketplaces on Stripe can integrate in minutes, and unlock a beneficial service to their contractors without any additional hassle or involvement on their end.”
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