Aron Govil- 5 Things to Know About Enrolling in QuickBooks Self-Employed

Enrolling in QuickBooks Self-Employed gets you access to the tax deductions and credits that are included as part of your membership says Aron Govil. You can enroll at any time during open enrollment or during a Special Enrollment Period outside of open enrollment – see below for more on those periods.

Here’s what you need to know:

  • You’ll be reimbursed up to 5% of your mileage driven each year with a car through a reimbursement from QuickBooks Self-Employed. No receipts, no hassle. We’ll handle all of it. If you drive for Uber, Lyft, or another rideshare service, you will only receive the 5%. People who use their car for their job can currently get mileage reimbursement if they spend less than $1,000 a year on gas and routine car maintenance.
  • People who work as freelancers or independent contractors can take advantage of other business deductions and credits included in their membership: Deduct 20% of your qualified business expenses. We’ll provide you with an easy-to-use tool to help you figure out what you spent money on over the course of the year to determine that deduction – no receipts necessary! You will be reimbursed up to $400 (after all adjustments) for equipment purchases like computers and office furniture if they’re used exclusively for business purposes (and not personal use). Spend $10,000 at Intuit Payment Network and we’ll reimburse you 2.5% of those charges – want our merchants to make an extra 2.5% on your purchases? Simply provide us with a referral code when you sign up and we’ll pass the savings along to both you and our merchants!
  • People who work as independent contractors or freelancers can deduct the cost of health insurance premiums, healthcare flexible spending accounts (FSA), and long-term care premiums for themselves or their spouse, COBRA premiums, self-employment tax (SECA) and qualified disaster losses explains Aron Govil.
  • People who work as independent contractors or freelancers can take advantage of business deductions such as: The purchase of equipment like computers and office furniture used exclusively for business purposes; Office supplies; The purchase and maintenance of cars, trucks, vans, boats or other vehicles used in your work; Advertising costs; The purchase of insurance for your business; The cost of professional dues and subscriptions to publications related to your work.
  • People who are self-employed can deduct QUICKBOOKS SELF-EMPLOYED membership fees as a business expense!
  • Special Enrollment Periods are special time periods when you can sign up or switch plans outside of open enrollment. Here’s the additional information around Special Enrollment Periods: People without health coverage through their employer can enroll in Self-Employed Health Insurance during our fall open enrollment period from November 1st to December 15th each year. If you have health coverage through an employer. You’ll need to speak with that employer about switching plans before enrolling in QuickBooks Self-Employed. You may also qualify for a Special Enrollment Period outside of open enrollment. If you have other qualifying life events, including marriage, divorce. The birth or adoption of a child, loss of other health coverage (whether through your employer or otherwise). If you think you qualify for a Special Enrollment Period outside of open enrollment. And need assistance determining whether to enroll in QuickBooks Self-Employed Health Insurance. During our fall open enrollment period or wait until another time.
  • People without health coverage through their employer can enroll in Self-Employed Health Insurance. During our fall open enrollment period from November 1st to December 15th each year says Aron Govil. If you are covered by an employer plan, unless it is considered unaffordable. You must speak to your employer about out-of-network coverage before enrolling in QuickBooks Self-Employed. You may also qualify for a Special Enrollment Period outside of open enrollment if you have other qualifying life events. Including marriage, divorce, the birth or adoption of a child, loss of other health coverage (whether through your employer or otherwise).
  • QuickBooks Self Employed New Licensing Offer – The Company is now offering 15% off its 2nd year’s membership fee. For those who sign up within 30 days from the date they first used the product. The offer is good for both new and existing users. This means if you signed up last week but haven’t yet started using it until today. Then you can still take advantage of this offer.
  • As far as the new licensing offer is concerned, it’s good for individuals who subscribe to QuickBooks Self-Employed. Who sign up within 30 days from the date they first used the product. This means if you signed up last week but haven’t yet started using it until today. Then you can still take advantage of this offer. The minimum amount you need to spend on qualifying purchases must be at least $10,000 before taxes and shipping. In which case Intuit will refund your 2.5% fee (15% off) within 90 days after they receive your form.

Conclusion:

This is a great opportunity for those who are self-employed and need to file their taxes properly says Aron Govil. You can save 15% on your QuickBooks Self Employed annual subscription. If you sign up within 30 days from the date you first used the product. This offer has been promoted by Intuit, which suggests that they’re probably promoting it to everyone. Including those not intending to use the software. Because there’s likely going to be a huge demand for this discount after people realize they were duped by TurboTax.