Deliver year round value that keeps your clients coming back, and referrals coming in. During tax season, every minute matters. As you start mentally preparing for late nights at the office and weekends sorting through paperwork, here’s what you need to know: it doesn’t have to be that way.
Receipt Bank Self-Employed makes tax season for your Schedule C tax clients a whole lot easier. Armed with an internet connection, hot coffee and Receipt Bank, you will be able to save hours of time on manual data entry and make it easier for your clients to submit their expenses. Now, information from your clients can flow in throughout the year, giving you better visibility into their business and the opportunity to offer them additional services.
WHAT IS RECEIPT BANK SELF-EMPLOYED?
Last year, Receipt Bank introduced 1tap in the US. It was so successful, we are now rebranding 1tap as Self-Employed plus adding it to our core product. Now, everything is in one place with the same great experience, functionality and usability for your business and self employed clients.
Formerly known as 1tap, Receipt Bank Self-Employed is a new feature built for your Schedule C Tax Clients. Receipt Bank Self-Employed records your tax clients’ expenses, reads the data and categorizes it for Schedule C, providing year-round value for your clients and firm.
1. MAKE IT EASY FOR YOUR CLIENTS TO RECORD EXPENSES ON THE GO
Give your Schedule C Tax Clients an easy way to stay on top of their expenses and easily submit receipts digitally throughout the year. As your clients receive receipts and invoices, they can take photos of them on the go and upload directly to the Receipt Bank app.
This means no more lost paperwork, no more sorting through shoe-boxes of receipts, and no more chasing paper. You receive the documents instantly and securely.
2. ELIMINATE MANUAL DATA ENTRY
When your clients upload receipts into Receipt Bank, data is recognized and categorized according to IRS Schedule C categories. What’s more, it will learn about your clients’ preferences for categorization the more you use it.
So, if the occasional late-night pizza order falls under a fully deductible meal expense, but a coffee round from the local cafe counts as a 50% deductible expense, Receipt Bank will learn this and improve its auto-categorization for your clients.
3. OFFER REAL-TIME BOOKKEEPING THROUGHOUT THE YEAR
Instead of talking to your client once a year only to chase documents, Self-Employed makes it easier to give clients real-time bookkeeping throughout the year. By encouraging your clients to submit on the go rather than once a year, you open up opportunities to engage with them regularly and add further value.
With Receipt Bank, your clients can download an automated expense summary at any time of the year to give them the ultimate visibility of their outlay and finances.
To find out more about how Receipt Bank Self-Employed can make the upcoming tax season your most efficient yet, get in touch today.