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September 30, 2021
Question

New self employment

  • September 30, 2021
  • 1 reply
  • 0 views

Hi there. Just started a small cleaning business and never have filed self employed. Just wondering what I'll need to do different without a w2. Also have two ladies who I'm reporting income for. Thanks

    1 reply

    September 30, 2021

    Hello  Mesquivel!

     

    Congratulations on your new business!

     

    Turbo Tax Self Employed will be the product for you to use. You will need to provide your employees with 1099-NEC or MISC and pay yourself! This is very important. Please follow the link to see our products and other helps for you.

    https://turbotax.intuit.com/tax-tips/small-business-taxes/ 

    https://turbotax.intuit.com/tax-tips/videos/video-1099-misc-and-1099-nec-whats-the-difference/L87OYLALp 

    https://turbotax.intuit.com/tax-tips/self-employment-taxes/beginners-tax-guide-for-the-self-employed/L2HLojrj5 

    All the best!

     

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