Congratulations on taking your first steps toward tax preparedness!
Self-Saver is dedicated to being an easy-to-use tool for the self-employed, but even the simplest of tools can use some instructions.
Step 1: Create an Account
Get started with Self-Saver by creating an account here. Our onboarding questions are designed to help Self-Saver calculate your taxes accurately.
Step 2: Sync Your Bank Account
Now that you’ve created your Self-Saver account, you’re ready to sync your bank account here.
If you have multiple bank accounts for self-employment, you can add them too.
Step 3: Review Your Self-Employment Income
Once you have synced your bank account, Self-Saver will automatically flag income that appears to be self-employment income.
Self-Saver makes it easy to review your self-employment income, as well as manually add additional income that may have been missed (or was not deposited on your synced bank account).
Review your self-employment income here.
> If you see an entry that is not income, click delete.
> If you have multiple sources of income, you can click “No, this not self-employment income.” This will allow other income to be properly categorized for future bookkeeping.
Step 4: Start Withholding
With your self-employed income organized, it's time to withhold!
Head to the Income tab here and click “withhold” to withhold the suggested federal, state and self-employment taxes from your self-employment income.
Step 5: Verify Your Identity and ACH Info
To complete your tax withholdings you must verify your identity and provide your ACH info for Self-Saver to securely place the tax withholdings in an FDIC-insured savings account. Verify your identity and ACH info here.
Your withholdings will be stored in the FDIC-insured account until it is time for Self-Saver to submit the quarterly payment to the IRS each quarter.
Step 6: Manage Your Expenses
It’s time to organize and itemize your expenses. It is important to review and deduct business expenses for a more accurate tax calculation.
Go to your expenses page here.
> Manually review the expenses populated by Self-Saver.
> You can also manually add expenses that were not added.
> Keep your expenses organized by categorizing them.