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January 18, 2023
Question

I am self employed and starting my own small business. I am only getting paid through cash and e transfer, how do I file my taxes?

  • January 18, 2023
  • 1 reply
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    1 reply

    January 18, 2023

    Cash and e-transfers will be entered as income as seen below.

    To Enter Self-Employment income (T2125 - Business Statement) in TurboTax Online:

    1. In the upper-right corner of your screen, select Find (magnifying glass).

    2. In the Find window, type in “self” and select “Self-Employment”. Click the “Go” button.

     

    Here are some TurboTax articles to help you on your way: 

    Filing Taxes as a Self-Employed Small Business Owner 

    The Beginner’s Guide to Self-Employed Taxes

     

    Here are some TurboTax YouTube videos: 

    TAX TIPS for Side Gigs/Freelance Work 

    TAX TIPS for Self Employed

     

    For our TurboTax self-employed software please see: Self-Employed taxes

     

    Thank you for choosing TurboTax.