Bookkeeping for freelancers, sole proprietors and side businesses
SF Business Solutions keeps simple, reconciled books for freelancers, sole proprietors and single-member LLC owners, calculates quarterly estimated taxes, and prepares and files your tax return, Schedule C included.
Plans start at $250 a month.
Who this is for
Consultants, designers, developers, contractors and anyone running a business on their own. If you get 1099-NEC forms from clients, sell on your own site, or run a side business next to a salaried job, your books follow the same pattern: income in, expenses out, and taxes you pay yourself during the year.
What we do each month
We code your business income and expenses, reconcile your business bank and card accounts, and keep business and personal spending apart. You get a simple profit and loss statement each month, so you always know what you have earned and what you owe in tax.
- Income and expenses coded to Schedule C categories
- Business bank and card accounts reconciled
- Mileage and home office records kept for year end
- A monthly profit and loss statement
Quarterly estimated taxes
When no employer withholds tax for you, the IRS expects estimated payments during the year, usually due in April, June, September and January. We calculate each payment from your actual books and remind you before it is due, so there is no surprise in April.
Tax time
At year end we prepare and file your tax return, with Schedule C taken from the books we kept all year. Mileage, home office records and estimated payments are already recorded, so nothing is rebuilt at tax time.
Books, tax planning and the return come from one team, which covers what most freelancers would otherwise hire a CPA for.
How to start
Three steps. The first one is free.
- 1
Book a free consult
A 1-hour call about your books, your software and what you need.
- 2
Give us access
Invite us to QuickBooks Online or Xero and share your bank and card statements.
- 3
We take it from there
Cleanup first if you are behind. Then we close each month between the 5th and 15th of the following month, depending on your documents.
SF Business Solutions is very diligent and responsive. I can tell they are passionate about their work, which I particularly appreciate about them. My project was rather complex but they managed to get it done according to my needs.
Who can calculate and track my quarterly estimated taxes?
We can. We calculate each estimated payment from your up-to-date books and remind you before each due date.
Do I need a bookkeeper if I'm a freelancer?
Not always. If you have a few transactions a month, a spreadsheet may do. Once you have several clients, expenses and estimated taxes to track, a bookkeeper saves time and usually money at tax time.
What bookkeeping does a single-member LLC need?
Separate business accounts, coded income and expenses, owner draws recorded, and reconciled statements for the tax return. Our monthly service covers all of it.
Can you also do my tax return?
Yes. We prepare and file your return from the books we keep, so your books and your tax return come from one team.
Related
Hand us this month’s books.
Pick a day for a free 1-hour consult.