Tax set-aside, 1099/W-2 filing, and books in one place

The Accountant tab estimates how much to set aside for taxes based on your realized revenue — payments that have actually succeeded, not invoices or estimates — minus any expenses you've logged. It updates automatically as new payments and expenses come in, and breaks the estimate down by the current tax quarter.

This is an estimate to help you avoid a surprise tax bill, not a filed return. Your actual liability depends on your full financial picture, so we recommend reviewing the numbers with a licensed accountant before making large set-aside decisions.

MsgHealth files 1099-NEC, 1099-MISC, and W-2 forms through an IRS-authorized e-filing partner — you don't need to sign up for a separate e-filing service. Enter each worker's tax classification, pay info, and filing details under the Workers tab, and their SSN/TIN is encrypted before it's stored.

Once your forms are ready, MsgHealth submits the recipient and box-amount data to our e-filing partner and confirms it was accepted. From there, you'll finish scheduling the actual e-file and delivery to the recipient in the e-filing partner's portal — MsgHealth surfaces a link and status for this in the Filing tab so you know exactly what's left to do. Box amounts are entered or confirmed manually in this version; MsgHealth doesn't yet auto-total which contractor a given payment belongs to.

Log business expenses manually or scan a receipt with your phone camera — the receipt scanner reads the vendor, amount, and date automatically so you can confirm and save in seconds. Categorize expenses (supplies, rent, software, etc.) so they flow correctly into your set-aside estimate and P&L.

Mileage is tracked separately: log trips with start/end points or enter mileage directly, and MsgHealth calculates the deductible amount using the current IRS standard mileage rate. A home-office deduction calculator is also available under the Deductions tab.

Set monthly or category-level budgets and track actual spend against them in real time. The P&L (Profit & Loss) report summarizes income and expenses over any date range and can be exported for your records or your accountant.

The Reconciliation tab helps you match logged transactions against your bank or card statements so nothing falls through the cracks, and the Financial Statements section compiles everything into a standard report format at quarter or year end.