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QuickBooks Self-Employed Overview

New to QuickBooks Self-Employed? This is a fast way and easy way to track your business income and spending all year long. You'll be more than ready when your taxes are due.

There's a mobile and browser version so you can update your books anywhere, anytime.

QuickBooks Self-Employed (QBSE) helps self-employed individuals track their business-related transactions. It helps calculate federal estimated taxes based on your business data. QuickBooks Self-Employed helps you make quarterly estimated tax payments and file your Schedule C along with your annual tax return (1040).

Generally, you're self-employed if any of the following apply:

  • You carry on a trade or business as a sole proprietor or an independent contractor.
  • You are a member of a partnership that carries on a trade or business.
  • You are otherwise in business for yourself (including a part-time business).
  • You generate Schedule C categories and file your business taxes as part of your 1040.

Note: QuickBooks Self-Employed isn't designed to handle non-profit or charitable organizations.

Here's just a bit of what you can do:

  • Organize your business spending.
  • Maximize your business deductions.
  • Claim a mileage deduction by tracking the business miles you drive.
  • Help you figure out your business profit.
  • Calculate your estimated tax payments.
  • Put your expenses into the correct Schedule C categories.
  • Export your records to an easy-to-read Schedule C.
  • Connect to TurboTax for fast year-end filing.

There's also a free mobile app, available for both iOS and Android. This lets you review transactions and automatically track mileage right from your phone.

We're up to date with the IRS's latest self-employment and Schedule C deduction standards. Just connect your bank and credit card accounts (your data is always encrypted and read-only, so it's safe and secure), and we'll take care of the rest.

The IRS also offers lots of great information for self-employed individuals. Check out the IRS Self-Employed Individuals Tax Center to learn about things like:

Unfortunately, it's not possible to customize your QuickBooks Self-Employed Schedule C. We designed it to match the IRS Schedule C forms for self-employed individuals. This is what makes it simple and easy to track your spending and income every month and estimate your taxes.

As a self-employed individual, you're generally required to file an annual return and pay estimated tax quarterly.

Self-employed individuals generally must pay self-employment tax (SE tax) as well as income tax. Self-employment tax is a Social Security and Medicare tax primarily for individuals who work for themselves. It's similar to the Social Security and Medicare taxes withheld from the pay of most wage earners. In general, "self-employment" refers to Social Security and Medicare taxes and not any other tax (like income tax).

Before you can determine if you are subject to self-employment tax and income tax, you need to figure the net profit or net loss from your business. You do this by subtracting your business expenses from your business income.

If your expenses are less than your income, the difference is net profit. This becomes part of your income on page 1 of form 1040. If your expenses are more than your income, the difference is a net loss. You can usually deduct your loss from gross income on page 1 of Form 1040. But in some situations, your loss is limited. See Pub. 434, Tax Guide for Small Business (For Individual Who Use Schedule C or C-EZ) for more information.

You have to file an income tax return if your net earnings from self-employment were $400 or more.

If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions.

Estimated tax is the method used to pay Social Security and Medicare taxes and income tax because you don't have an employer withholding these taxes for you.

You can make your estimated tax payments through QuickBooks Self-Employed. When you sign in to your account, you'll see our estimate of what you should pay for this quarter at the top right.

When you are ready to pay your estimated taxes, go to the Taxes menu and select Quarterly.  Select Pay Now. You can also select the Est. tax due January 15 amount next to your profile to get to the same page.

You can choose to mail the payments or, if you have the Tax Bundle, pay electronically. QuickBooks Self-Employed estimates what you should pay based on the actual data you've entered, our projections for the rest of the year, and any other relevant information you've given us about other income, withholding, deductions, and filing status.

The Internal Revenue Service has established four due dates for paying estimated taxes -- unless you choose to pay estimated taxes for the year upfront. Typically, the due date is the 15th of the month. If the 15th falls on a weekend or a federal holiday, then the due date is moved to the following business day. The tax periods are not evenly spaced by quarter.

  • For Q1 income received Jan 1 through March 31, estimated tax is due April 15.
  • For Q2 income received April 1 through May 31, estimated tax is due June 15.
  • For Q3 income received June 1 through Aug 31, estimated tax is due Sept 15.
  • For Q4 income received Sept 1 through Dec 31, estimated tax is due Jan 15.

Your 30-day QuickBooks Self-Employed trial expires automatically. Since you didn't give us any billing info, we won't bill you. If you want to end your subscription now:

  1. Open QuickBooks Self-Employed in a web browser on your laptop or desktop. You can't cancel from the QuickBooks mobile app.
  2. Select your Business Name next to Settings ⚙.
  3. Under About you, select Cancel trial.

To cancel your QuickBooks Self-Employed paid subscription:

Note: Uninstalling the QuickBooks Self-Employed app on your mobile device won't cancel your subscription. Learn more about canceling subscriptions on iOs and Android.

Purchased directly from QuickBooks or Intuit

  1. Open QuickBooks Self-Employed in a web browser on your laptop or desktop. You can't cancel from the QuickBooks mobile app.
  2. Select your Business Name next to Settings ⚙. Then select Billing info.
  3. Select Cancel your account and follow the onscreen steps.

Purchased from the Apple App Store (iOS)

  1. On your iPhone or iPad, open Settings for your device.
  2. Select Itunes & App Store.
  3. Sign in to your apple account. Then select your Apple ID.
  4. Select View Apple ID.
  5. Under Active, select Manage.
  6. Select QuickBooks Self-Employed and then Cancel Subscription.

Purchased from the Google Play Store (Android)

  1. On your phone or tablet, open Google Play.
  2. Sign in to your Google account.
  3. Select the Menu ☰ icon.
  4. In the Subscriptions section, look for QuickBooks Self-Employed.
  5. Select Cancel and follow the onscreen steps.

Do you want to cancel your QuickBooks Self-Employed mobile subscription? Check this article for more information.

  1. Select Settings ⚙.
  2. Select Billing Info from the drop-down menu.
  3. Click Cancel your account.
  4. Select Keep QuickBooks Self-Employed option.
  5. Click Change subscription.

You'll get all the feature in QuickBooks Self-Employed, plus:

  • File one federal and one state tax return in Turbo Tax Home and business for no extra charge.
  • Export Schedule C to TurboTax and file even faster.
  • Pay your quarterly estimated taxes online.

Need assistance?

Here's How to contact QuickBooks Self-Employed Support.

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