Intuit announced new QuickBooks Self-Employed channel partnerships and platform functionality this week, further expanding its presence in the burgeoning on-demand economy.
QuickBooks Self-Employed helps on-demand workers manage their business and personal finances as well as their 1099 taxes and meet compliance requirements throughout the year. Intuit offers the solution through channel partnerships with many of the leading on-demand economy marketplaces. QuickBooks Self-employed was launched in 2015, as previously covered by Spend Matters, and already had partnerships with a number of on-demand platforms including, Uber, Lyft and TaskRabbit.
Since that time, QuickBooks Self-Employed has continued to develop its partnerships and enter into new ones, including six additional partnerships announced Thursday. Now, Intuit reports, “self-employed people working with “eBay, FlexJobs, Incorporate.com, Kelly Services, Moonlighting and NAHREP access to discounts on both QuickBooks Self-Employed and the QuickBooks Self-Employed Tax Bundle.”
The QuickBooks Self-Employed Tax Bundle was announced alongside the partnerships. Targeted to on-demand driver platform workers, it includes new “automatic mileage tracking” functionality that both eliminates the need to manually enter data about every mile driven and to capture “mileage driven” information for IRS tax purposes. All trips, both business and personal, are tracked, even if the worker’s driving is spread across multiple on-demand platforms. Intuit says that “every trip is automatically tracked, and users simply need to swipe to see the deductions they’ve earned.” To date, prior to general release, the solution “has helped users track more than 40 million miles, delivering more than $23 million in savings.”
As this news indicates, Intuit is establishing QuickBooks Self-Employed as a keystone platform in the on-demand marketplace space by providing on-demand workers with support of financial management and tax accounting — something that is difficult and time consuming for on-demand workers. As a platform, QuickBooks Self-Employed connects an emerging ecosystem of on-demand platforms and workers, the IRS and other worker-oriented service providers, such as Stride Health, which enables workers to access and managed their health insurance.