There's a huge market for these online solutions.
Some are free, and the rest have modest subscription fees. Three of the services can be used by companies employing 10 or more people, but most of the products are aimed squarely at freelancers, independent contractors, and sole proprietors. The online services we review here stand ready to meet the needs of this large swath of the workforce. There's no shortage of cloud-based accounting services for very small businesses. For the first time, all of these people will need to deal with employment accounting and taxes that involve a Form 1099 instead of a W-2. Many of the newly unemployed have taken work as independent contractors or started their own businesses, many of them working out of their own homes. The COVID-19 pandemic is responsible for the loss of millions of jobs. In 2020, vast numbers of people joined the gig workforce, both by choice and out of necessity. Since 1982, PCMag has tested and rated thousands of products to help you make better buying decisions. ( See how we test everything we review (Opens in a new window).)
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