A tax is a compulsory levy imposed on income and profits. Taxes can also be added to the cost of goods and services in the form of cost-push inflation. The major reason for paying tax is to contribute to state revenue, which paves way for economic growth and development.
While taxes are good, there are problems associated with them. The unjust imposition of taxes can discourage work, savings, and investments. If people stop working, production shrinks, and the economy suffers adversely for it.
Another problem is that firms and individual owners of businesses cannot track their taxes, thereby misappropriating their expenses. Oftentimes, they evade taxes and get penalized for them. Some of them lose their businesses.
To curb this problem, a good tax system should be fair, adequate, simple, transparent, and easy to pay. A good taxpayer also must monitor its taxes and other expenses. Thanks to technology, it is now very easy to pay taxes and even save on them.
Are you looking for a good expense tracker that allows you to write-off your taxes? KeeperTax is an online easy-to-use service for those who are new to the gig economy and need help identifying potential tax write-offs and categorizing their expenses. Check LuminaBlog for their products and services.
About Keeper Tax
Based in San Francisco, Keeper Tax is a 1099 expense tracker that claims to save freelancers and contractors thousands of dollars in taxes on average. The company believes to automatically monitor your purchases for write-offs you would have missed. At tax time, they tell you to file directly through them, or seamlessly export your savings. You can file directly through Keeper Tax, or simply export a report to give your accountant. Either way, you are supposedly guaranteed to save time, money, and gray hairs!
Products and Services of Keeper Tax
Keeper Tax offers expense tracking software and tax filling software. They believe their software, with support from over 10,000 financial institutions, will match you with a personal bookkeeper who'll monitor your purchases for tax write-offs that are easy to miss.
Also, the software is said to automatically scan your past year’s card and bank transactions for tax-deductible expenses, neatly organized and categorized, letting you skip the receipt pile.
In addition to that, Keeper Tax provides you with free tools and resources that allow you to identify with your profession, then calculate your taxes using their ready-made calculator.
You can also get to read their guides on tax deductions and mileage, home office deductions, how your expenses work, tools you can use as a freelancer, and how to best to save on your taxes.
Their services allow you to file your taxes with them, or export and file somewhere else. They claim to provide complete audit protection and tell you maximum return is guaranteed.
In conclusion, Keeper Tax believes they have software that can securely see your purchases, scan your bank and card statements for write-offs, evaluate your cash purchase in case you use cash, and track your car-related expenses for miles.
Read more about their products and services on their website and other social media pages.