Tax set-aside, 1099/W-2 filing, and books in one place
Estimate what to set aside for taxes, e-file contractor and employee forms, track expenses and mileage, and keep budgets and reports up to date.
Tax set-aside & estimates
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.
- Set-aside estimate recalculates from realized (succeeded) payments minus logged expenses
- Broken down by current tax quarter under the Tax Set-Aside tab
- An estimate, not a filed return — confirm with a licensed accountant for anything material
1099-NEC / 1099-MISC / W-2 e-filing
MsgHealth files 1099-NEC, 1099-MISC, and W-2 forms through Track1099, a third-party e-filing service — you don't need a separate Track1099 account. 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 Track1099 and confirms it was accepted. From there, you'll finish scheduling the actual e-file and delivery to the recipient directly in the Track1099 web app — 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.
- 1099-NEC, 1099-MISC, and W-2 filing runs through Track1099 — no separate account needed
- Worker SSNs/TINs are encrypted (AES-256-GCM) before storage
- MsgHealth submits and confirms the data; you finish scheduling delivery in Track1099's app
- Box amounts are entered/confirmed manually, not auto-aggregated per contractor yet
Expenses, mileage & receipts
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.
- Receipt scanner reads vendor/amount/date from a photo
- Expenses categorize into your set-aside estimate and P&L automatically
- Mileage log calculates deduction using the current IRS standard rate
- Home-office deduction calculator under the Deductions tab
Budgets & financial reports
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.
- Budgets track actual spend against a monthly or category target
- P&L report covers any date range and exports for you or your accountant
- Reconciliation matches logged transactions to bank/card statements
- Financial Statements compile quarter- or year-end reports
Ready to get your books in order?
Accountant tools are included on Pro plans and above.
Start your free trialAccountant questions
Is the tax set-aside amount exact?
No — it's an estimate based on your realized revenue minus logged expenses, recalculated automatically. It's meant to help you avoid a surprise tax bill, not replace a filed return. Review large decisions with a licensed accountant.
Do I need a separate Track1099 account to e-file 1099s or W-2s?
No — MsgHealth submits your filing data to Track1099 on your behalf. You'll get a link and status in the Filing tab to finish scheduling the actual e-file/delivery once the data is accepted.
Is my workers' SSN/TIN data secure?
Yes — worker tax ID numbers are encrypted with AES-256-GCM before they're stored, kept in a separate table from other worker records.
How do I log an expense or receipt?
Go to Accountant → Expenses and add one manually, or use the receipt scanner to snap a photo — it reads the vendor, amount, and date for you to confirm.
How is mileage deduction calculated?
Log trips (start/end points or direct mileage entry) under the Mileage tab. MsgHealth applies the current IRS standard mileage rate to calculate your deduction automatically.
What does 'test mode' mean on my tax profile?
When your tax profile is in test mode, Accountant routes skip calling Track1099 entirely and simulate a successful result locally, so you can try the workflow risk-free. Turn it off once you're ready to submit real filings.
Can MsgHealth automatically total how much I paid each contractor?
Not yet in this version — 1099 box amounts are entered or confirmed manually. Automatic per-contractor income aggregation from payment records is on the roadmap.
Still having trouble?
Reach out with an in-depth description of your issue and our team will get back to you within a few hours on business days.