As the 2018 tax season concludes, we’re excited to report on the progress of a successful partnership with TaxAct Pro Advance we launched for the year.
Filing annual taxes is a painful enough process for ordinary workers, but the process is even more painful for freelancers. Generally speaking, taxes for independent workers (1099) are far more complicated than those of an employee (W2), and keeping track of all of the possible business deductions can seem like a daunting task.
Due to these additional complexities freelancers can really benefit from working with a tax professional. To make it easier for freelancers to work with tax professionals, we launched a partnership with TaxAct, which has been a great partner both to our users and to us as a company.
Thanks to this partnership, tax pros who use TaxAct’s suite of TaxAct Professional products can easily work with Everlance freelancers to deduct their business mileage and expenses. TaxAct tax pros save time by seeing all their clients’ mileage and expense reports in one place – the Everlance web dashboard – and can help ensure that their clients have the proper documentation required in case of an audit.
Everlance freelancers benefit from the partnership as well. Mileage and expense reports can be automatically sent to their tax pro and there is virtually no work for the freelancer to do in order to claim their deductions at the end of the year. In addition, by working with a TaxAct tax pro, freelancers free themselves to focus on running their business.
With studies predicting that the majority of Americans will be freelancers by 2027, it’s essential that the tax industry begin to develop robust systems and products to help people manage their independent income. We see our partnership with TaxAct as a big step in that direction. If you have any other ideas for how we can realize that vision, we’re all ears.
Best, Team Everlance