Books & taxes
Income and expenses, receipts, what to set aside, the tax pack.
Guides
- Add an expenseRecord a business cost — supplies, your bond, a course, parking — under the Schedule C line it belongs to, on the web or the phone, with its receipt if you have it.
- Give your accountant your books and the tax packDownload a year's books as files QuickBooks Online and Xero import, with a summary for any accountant and your mileage log — and the tax pack of worksheets for whoever prepares your return.
- See what to set aside for taxesTaxes works out what your year so far calls for — profit in the shape of Schedule C, self-employment tax with your notarial fees kept out of it, and the quarterly estimate dates.
- Snap a receipt and file it laterPhotograph a receipt with the phone the moment you're handed it — the parking garage, the shipping counter — and file it as an expense later, from the receipt inbox.
Questions
- Who reports my card payments to the IRS?Stripe does, not Hand & Seal: card payments are made on your own Stripe account. You owe tax on your income whether or not a form comes, and your books show every payment.
- Why doesn't my income match what I've billed?Your books count money when it's received, not when an invoice goes out — and split each payment into notarial fees and everything else, from the job's own lines.
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