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Intuit and Stella & Dot to Simplify Finances for Over 40,000 Stylists and Designers Across North America | Business Wire



MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit Inc. (Nasdaq: INTU), and

Stella & Dot, a global fashion accessories brand and social selling

company, today announced that they are working together to offer Stella

& Dot Independent Business Owners in the United States and Canada the

ability to manage their finances and tax obligations with QuickBooks

Self-Employed (QBSE). The agreement between Intuit and Stella & Dot

also applies to KEEP Collective, a Stella & Dot sister brand focused on

personalized accessories. Today, more than 360,000 self-employed

individuals worldwide use QuickBooks Self-Employed to track their

business finances and understand their tax obligations throughout the

year.

Stella & Dot Independent Stylists and KEEP Collective Independent

Designers are a part of the booming direct sales industry, contributing

to the larger, overall trend of self-employment globally. Intuit

forecasts that independent workers, which include direct sellers like

Stella & Dot Stylists and KEEP Collective Designers, will make up 43

percent of the American workforce and 45 percent of the Canadian

workforce by the year 2020. Additionally, according to the Direct

Selling Association, 5.3 million people were building independent

businesses as direct sellers in the United States alone last year.

Similarly, in Canada, the Direct Sellers Association states there are

882,000 direct sellers who drive $792 million in revenue.

“I’m always concerned about my taxable income and making sure that I can

keep as much of my money that I work so hard for,” explained Erin

Reckner, Stella & Dot Stylist and user of QuickBooks Self-Employed

through the Stella & Dot partnership. “QuickBooks Self-Employed is

perfect because it helps me be more efficient and is super user

friendly. The mileage tracking feature alone is worth it compared to how

I used to track mileage. It’s become a part of my daily routine, whereas

I used to wait until tax time and look back through planner notes,

calendars and mapped miles – a horrendous and time consuming process.

QBSE has been a huge time saver, and my accountant is happier with me

too, because it’s not such a frenzy at tax time now.”

QuickBooks Self-Employed helps untangle business and personal expenses,

uncover potential deductions and provide insight into tax obligations

through the following features:

  • Expense Tracking: Business and personal expenses are easily

    categorized by swiping left or right on in the mobile app, making it

    easy and fast to track every potential deduction. Users find on

    average $4,340 in potential tax savings per year, cutting their tax

    bill by up to 36 percent. In total, QuickBooks Self-Employed has

    uncovered over $1.1 billion in potential deductions.

  • Mileage Tracking: Track mileage automatically with a mobile

    phone and categorize trips with a swipe. QuickBooks Self-Employed

    helps users identify potential vehicle deductions and prepare for tax

    time. Users log an average of $7,393 in potential mileage deductions

    per year, finding an average 45 percent more potential deductions by

    logging miles.

  • Receipt Snap: Snap a photo of a receipt with the mobile phone

    app and automatically create a transaction with the receipt attached.

    If a transaction already exists, Receipt Snap will automatically

    attach the receipt to that transaction.

“While being self-employed means different things to different people,

one thing holds true for all: the opportunity to create a business that

suits your individual needs,” said Cassie Divine, vice president and

business leader of Self-Employed Solutions at Intuit. “But we also know

the freedom and opportunity that comes with being self-employed can

bring uncertainty around financial management and tax compliance.

QuickBooks Self-Employed offers the tools direct sellers need to

effectively manage their businesses, provide line of sight into their

financials and also potentially uncover thousands of dollars in tax

deductions.”

For more information about QuickBooks Self-Employed, please visit https://quickbooks.intuit.com/self-employed/.

About Stella & Dot

Stella & Dot is a boutique-style jewelry and accessories company

reinventing the home-based, flexible entrepreneurship opportunity for

the modern woman through its social-shopping business platform. Stella &

Dot offers its on-trend, celebrity and editorial-coveted product line

exclusively through a growing network of trained independent consultants

(“Stella & Dot Independent Stylists”) across North America, the United

Kingdom, Germany, Ireland and France. With a mission to give every woman

the means to style her own life, Stella & Dot celebrates the collective

spirit and recognizes its leaders through executive training, exclusive

sales rewards, and a community that gives back at home and abroad.

Stylists earn sales commissions by selling at private in-home Trunk

Shows and online with a best-in-class and innovative technology

platform. For more information, visit www.stelladot.com.

About KEEP Collective

KEEP Collective is an innovative charm concept on leather wrap

bracelets, metallic bangles and necklaces exclusively sold by KEEP

independent consultants (“KEEP Collective Independent Designers”) online

and at in-person Design Sessions where friends can gather to create

their personalized piece and share what each charm means to them. The

concept was inspired by the desire to help people celebrate their one of

a kind life and keep what they love close at hand. The extensive

collection of charms includes inspirational phrases, Greek letters,

sports, hobbies, birthstones and expressions of faith. The exclusive and

chic charms are designed in Sausalito, California by an award-winning

design team with prestige jewelry experience. Each charm is keepsake

quality and prices start at just $7. The range of fashionable bands and

charms create a broad set of styles that appeal to everyone from a young

college-aged woman ready to sell a neon wrap bracelet to her sorority

sisters, to a new grandmother interested in helping her friends create a

keepsake to represent their growing families. For more information,

visit www.keepcollective.com.

About Intuit Inc.

Intuit Inc. is committed to

powering prosperity around the world for consumers, small businesses and

the self-employed through its ecosystem of innovative financial

management solutions.

Its flagship products and services include QuickBooks® and TurboTax®,

which make it easier to manage small

businesses and tax

preparation and filingQuickBooks

Self-Employed provides freelancers and independent contractors with

an easy and affordable way to manage their finances and save money at

tax time, while Mint delivers

financial tools and insights to help people make smart choices about

their money.

Intuit’s ProConnect brand

portfolio includes ProConnect

Tax OnlineProSeries®

and Lacerte®,

the company’s leading tax preparation offerings for professional

accountants.

Founded in 1983, Intuit serves 42 million customers in North

America, Europe, Australia and Brazil, with revenue of $4.7 billion in

its fiscal year 2016. The company has approximately 7,900 employees with

major offices in the United StatesCanada,

the United KingdomIndiaAustralia and

other locations. More information can be found at www.intuit.com.

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