Self-Employed experience in TTO

For tax experts

Use this guide to help guide your client through the self-employment section of TurboTax Online.

Get started

To start the process, in a new return, tell your client to select Self-employment.

Self-Employment profile

Once clients are finished with their profile and are ready to start their return, tell them to do the following:

1. In the left hand navigation panel, select Self-Employment.
2. Select the type of employment conducted, then select Continue.
3. Enter a brief description of the type of work conducted. Then, select Continue.
   Note: TTO offers a list of business types that match their description and selects the Industry code for the client.
4. Select:
   • Business name
   • If they use their house for their business
   • Fiscal year
   • Enter their GST number of indicate they don’t have one
5. Select all that apply:
   • Business partner
   • Income from websites
   • Tax shelter
   • None of these apply
6. Clients are given an overview of their info. They can edit any field before they continue.

Income

Once the client’s business profile is correct, they’ll be asked more about their income. Tell your client to do the following:

1. Select if:
   • Their business has returns, allowances, or discounts
   • They deducted reserves last year
   • None of these
2. Enter income. Then, select Continue.
3. Enter info about products sold.
4. Select the option that best matches their situation:
   • Collected GST/HST
     • If selected, enter GST info on the next page. Select I use the quick method to calculate my GST/HST remittance, and the form expands to enter calculations.
   • T1139 Year end adjustment
   • Income from Lloyds of London
   • Income is from a communal organization
   • None of these
5. Clients are given an overview of their info. They can edit any field before they continue.

Expenses

Clients can download a PDF guide of our expenses checklist to help them categorize their expenses. In TTO, expenses are divided into two categories: Recommended for you and Less common. Tell your client to do the following:

1. To select the type of expenses they have, on the correct category, select Add. This adds the expense category to the questionnaire for the next step. 
2. Once all applicable expenses have been chosen, select Continue.
3. Each chosen category is listed on the summary page. To fill out the info, on the category they want to begin, select Start.
4. Once a section is completed, clients are redirected back to the summary page.

Conclusion

At the bottom of the Expense overview page, clients can view a summary of their income and general info. They can edit their income info, and view their general info.

Once all expenses are entered, clients select I’m done. They’re redirected to the main TTO Self-Employment summary page.