Choosing the right QuickBooks program for handling 1099 contractors is essential for ensuring compliance at tax time, Slsmith.
QuickBooks Self-Employed is a helpful tool for freelancers and independent contractors to track income, expenses, and estimate quarterly taxes.
However, it doesn't have the functionality to manage contractor payments and issue a 1099 form, which is necessary for your business.
In this case, I recommend switching to QuickBooks Online. This program allows you to effectively manage contractor payments and easily generate 1099 forms during tax season.
For more detailed information on how you can copy your data, refer to this article: Switch from QuickBooks Self-Employed to QuickBooks Online.
If you want to pay your contractor and file your 1099 forms directly through QuickBooks, you can consider adding Contractor Payments.
Please don't hesitate to add a comment below if you have further questions. We're always here to help.
