Accounting Software for Sole Traders & Freelancers

TurboTax will ask you simple questions about you and your business and give you the tax deductions and credits you’re eligible for based on your entries. Terms and conditions, features, support, pricing, and service options subject to change without notice. We’re rated #1 for customer support for Canstar’s small business accounting software category.

• If you’re self-employed and you use your cellphone for business, you can claim the business use of your phone as a tax deduction.
• You can read more about this in our blog, check out the list of allowable expenses on HMRC’s website or speak to an accountant.
• They walk you through key features and answer your questions—your welcome email has all the details.
• This includes collaboration with your accountant, a broad array of business reports – including Balance Sheets, free guided setup, and the ability to connect 3rd party apps or sales channels.
• You’ll be ready to submit your tax return to HMRC with accurate figures.

Forms You May File

• It’s very common to have more than one job, or do a side hustle along with your full-time employment.
• This will help you file on time with the right deductions.
• You don’t need your credit card and you can cancel anytime, with no lock-in contracts.
• TurboTax finds every tax deduction and credit you qualify for to boost your tax refund.
• If you have self-employment income, it’s a good idea to prepare your tax return well before April 30 to calculate if you have a balance owed.
• To help get you prepared for this tax season, here are the forms you may need to file if you are self-employed.
• Access your data on the go from your laptop, smartphone or tablet.

Access your QuickBooks account at any time, and run your self-employed business on any device. With cloud-based accounting software, you no longer need to be at your office desk or computer to access your financial information. QuickBooks accounting software for sole traders makes it easier for self-employed business owners like you to do accounting wherever you are.

Can I work with my accountant in QuickBooks Self-Employed?

CPP contributions from self-employment are based on the net income of your self-employment. Everything from office supplies to vehicle costs can be written off, providing the expense is related to your business, you have the supporting documentation and the expense is reasonable. Learn how to add and manage customers in QuickBooks Online using this detailed guide.

Choose a QuickBooks product to sign in

All backed for the full 7-year life of your tax return. With TurboTax Assist & Review, you get unlimited tax expert help and a final review of your return before filing. Or, choose TurboTax Full Service to have your taxes done and filed by an expert for you—from start to finish. QuickBooks accounting software for contractors is based in the cloud, simply sign-in and get started from any web browser. If you’re a sole trader, you need to register for Self Assessment with HMRC so you can pay your Income Tax.

Ready to try TurboTax Premium?

TurboTax Premium is a great solution if you feel comfortable doing your own taxes. If you want to do your own taxes with unlimited expert help as you go, choose TurboTax Live Assisted Premium. Or have a dedicated expert do your self-employment and investment taxes for you with TurboTax Live Full Service. Ideal for when you’re on the move, making it perfect for those who are self-employed.

For small business

We also offer full audit representation for an additional fee with TurboTax Audit Defense. We think QuickBooks is the best accounting software for sole traders and so do millions of customers world wide. QuickBooks allows sole traders to stay on top of their finances and access their books on the go.

Get real time help via live chat where you’ll get an instant reply from our sales team. You can also join your QuickBooks Community, an online hub for QuickBooks answers and connecting with other QuickBooks users all over the world. Keep on top of your transactions, and track business self employed intuit login performance on the go. QuickBooks helps you prepare for your self assessment tax return with confidence. If you’re self-employed in Canada, you’re responsible for tracking all your business income and expenses. This will help you file on time with the right deductions.

What is the Form 1099-NEC?