How is mesha different from other Accounting and Bookkeeping Software?

mesha is an all-in-one automated solution for your business. Be it Catchup Bookkeeping, Consulting an Accountant or just day to day Business Accounting, mesha aims to make everything related to Accounting as well as Bookkeeping easy for businesses and Accountants.

Can I sign-up for a Free Trial?

You can definitely Book a Demo or Start for Free. We also offer different Pricing starting at $49 a month that includes Accounting Software as well as Invoicing. You can choose to include extra add-ons such as Bookkeeping, Payroll and Tax. Take a look at mesha’s Pricing.

Can I change my subscription plan?

Yes! You can modify your subscription anytime. Contact your mesha specialist for assistance, and they'll guide you, ensuring a service tailored to your preferences.

What support options do I have with mesha?

You can contact mesha via chat (click on the icon in the bottom right of the page) or via email at info@mesha.club.

How do I know which package is right for my business?

After our in-depth free consultation, where we assess your business's unique needs and objectives, we'll suggest the best package. For a comprehensive understanding, our website offers a detailed package comparison.

All-in-one finance platform for accounting, bookkeeping, taxes and payroll for contracting companies

Try mesha

Why contractors love mesha

780+

Hours saved on accounting, bookkeeping and financial admin tasks

$15000/year

saved on bookkeeping and tax fees

100%

accurate financial insights

Financial powerhouse for your contracting business

Accounting

Bookkeeping

Taxes

Payroll

Invoicing

Legal

Expenses

Reporting

Intelligent accounting software for modern contracting businesses

Income

Expenses

Transactions

Automated Income Tracking Made Effortless

Automated income tracking, reconciliation, and tax calculations

Integrations with payment gateways, banks, payroll, cards etc.

Supercharge your contracting business growth and close your books 3X faster

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Expert bookkeeping tailored to your contracting business needs

Managing a contracting business involves specific financial challenges. Our expert accounting, bookkeeping, and tax services are finely tuned to cater to the unique financial requirements of your contracting company. Whether you're a solo contractor or a large contracting firm, we comprehend the intricacies of contracting finances and are well-prepared to handle them effectively. finances and are well-equipped to manage them efficiently.

Assured accuracy through quality checks and peer reviews

You are always in the loop with regular updates

Instant and direct access to dedicated bookkeepers who understand contracting business

Catchup bookkeeping for with rapid turnaround time

Tax ready financial records for smooth and efficient filing

Trusted tax management and filing for contracting companies

Tax Management Software

Automated tax calculation for sales, payroll and federal
Reminders on taxes and compliance filing
Tax ready reports with P&L, expenses and balance sheets

Tax Prep and Filing

Instant access to top tax consultants for contracting companies
Proficient counsel on contracting specific tax frameworks and tax-efficient strategies
Minimizing tax liabilities and maximizing deductions
Stay up to date on dynamic tax laws and regulations impacting contractors

Tax related FAQs for contractors

What are the essential tax obligations for a contracting business?

Contracting businesses have several tax obligations to fulfill. These typically include income tax, where you report your business income and pay taxes on your profits. Self-employment tax is also crucial; this covers Social Security and Medicare taxes for self-employed individuals. Depending on your location, you may be subject to state income taxes. Additionally, you might need to consider sales tax if you sell products or services subject to this tax. Payroll taxes, including withholding and remitting employee taxes, and property taxes if you own business property are other obligations to be aware of.

Is there a difference in tax treatment between contractors and employees?

Yes, there is a significant difference in tax treatment. Contractors are considered self-employed and responsible for paying their own taxes, including both the employer and employee portions of Social Security and Medicare taxes (self-employment tax). Employees, on the other hand, have taxes withheld from their paychecks by their employers. Employers also pay a portion of these taxes on behalf of their employees. Keep detailed records to substantiate your deductions.

What is the Section 179 deduction, and how does it benefit contractors?

Section 179 of the IRS tax code allows businesses to deduct the cost of qualifying equipment and property as an expense in the year the property is placed in service. This can provide significant tax savings for contractors who purchase and use equipment and machinery in their business.

Can contractors reduce their self-employment tax liability?

Contractors can reduce their self-employment tax liability by maximizing business deductions, contributing to retirement accounts (which lower taxable income), and, in some cases, by considering the S corporation tax status, which can help reduce self-employment tax.

What are estimated quarterly tax payments, and do I need to make them as an independent contractor?

Estimated quarterly tax payments are payments made by self-employed individuals, including independent contractors, to cover their income and self-employment tax obligations. If you expect to owe $1,000 or more in taxes when you file your annual tax return, you are generally required to make estimated quarterly tax payments to avoid penalties.

Are there any tax credits or incentives available to independent contractors?

Sales tax rules vary by location. Ensure you're aware of the specific requirements in your area and collect and remit sales tax as necessary.