Sole Prop with 1099 Contractors
I have a complicated series of income producing ventures.
1. A sole prop which uses 1099 Contractors
2. Another sole prop, a technical consulting firm ( which I am phasing out )
3. I have a small workshop business
4. I also own a rental property
5. I rent a couple of rooms out on AirBNB ( in the house I live in )
I also have some carried forward losses.
I would like to be able to scan in my receipts into an accounting system that would produce my tax return at the end of the year.
Wow, you do have quite a bit going on! The only accounting software that I am aware of that would integrate with a tax software is QuickBooks Self-Employed. It integrates with TurboTax which is the tax software we recommend for small business owners. Check out this article which provides all of the features available in QuickBooks Self-Employed. You can also sign up for a discounted subscription directly from this article as well: https://fitsmallbusiness.com/quickbooks-self-employed/.
One important note is that QBSE does not allow you to 1099 contractors so you may need to go with QuickBooks Online to manage the sole prop that pays contractors. We have a free QuickBooks Online course that you can access directly from our website to get you up and running: https://fitsmallbusiness.com/free-quickbooks-online-tutorials/.
All the Best-
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