This new initiative offers consumers a “seamless” data integration platform, with Etsy’s data flowing into QuickBooks Self-Employed so that merchants can see their real income, including expenses and profit.
Etsy sellers are going to receive a special discount for QuickBooks Self-Employed, and also, U.S. sellers get the QuickBooks Self-Employed Tax Bundle, which allows users to pay taxes (either quarterly or year-end) with TurboTax Online through the click of a button.
“At Intuit, we’re on a mission to change the financial lives of self-employed people around the world,” said Alex Chriss, vice president and general manager of self-employed solutions at Intuit. “Etsy empowers creative entrepreneurs to discover new and exciting ways to pursue their passions and earn income in the global marketplace. We’re proud to help Etsy sellers keep more of that hard-earned income in their pocket, with a tailor-made solution that maximizes their deductions, simplifies tax time and provides clear visibility into their cash flow throughout the year.”
And Etsy said it was also eager for the partnership.
“Etsy is always looking for ways to support sellers as they start, manage and grow their creative businesses on their own terms,” Morgan Blake, director of business development at Etsy, said in a statement. “Almost half of Etsy sellers say accounting or tax prep is a challenge for their creative businesses, so partnering with Intuit provides a solution that directly addresses these time-consuming and often confusing tasks. Our partnership with QuickBooks Self-Employed provides Etsy sellers with an easy and affordable way to track their sales, manage their expenses, simplify finances and even file their taxes so that they can devote even more time to their craft.”