Intuit will integrate payment technology from Stripe to automate tax reporting for self-employed workers in the version of its tax-filing software QuickBooks targeted towards them.
Intuit says that its putting increased emphasis on the self-employed market due to a study it conducted with Emergent Research showing that 43% of the U.S. labor force will be self-employed by 2020.
The self-employed online version of QuickBooks launched in the fall of 2014 as a beta program. Intuit says that employers using Stripe to pay their contracted employees will be able to file payments seamlessly.
The integration between QuickBooks Online Self-Employed and Stripe enables on-demand marketplaces to provide a tremendous and free benefit to their independent contractors to help ease this tax complexity, Alex Chriss, vice president and general manager of self-employed solutions at Intuit, said in a press release.
Intuit is based in Mountain View, Calif., while Stripe has headquarters in San Francisco.