Get ahead of your tax with Solo & Smart
This article was guest-written by our partner, Solo & Smart.
We know that managing your taxes as an independent contractor can be challenging.
When it comes to tax, a lot of the stress comes from knowing how much tax you need to pay, and actually having the money to pay the bill. The Solo & Smart app allows you to automatically save a percentage of your income for your tax bill. Using this system, you can relax knowing that your tax is being looked after and you will have the money available when your tax is due.
Don’t stress, your tax is automatically saved
The Solo & Smart app tracks how much you’re earning while self-employed, and automatically puts a percentage aside to save for your tax bill. You can also choose to automatically put savings aside for super or other financial commitments you want to save for.
Your savings are stored securely in your business bank account, out of sight and out of mind. This means you will have enough money saved when your tax bill is due. If you need to access your savings at any time, you can use the Solo & Smart app to transfer funds from your business account into your personal everyday account.
Focus on earning more with less admin
Enjoy the freedom to concentrate on growing your income and earning as much as possible, without the time-consuming admin. Using the Solo & Smart app you never have to worry about what you can and can’t spend. Your spending money is sent to your everyday account after your savings are safely put aside in your business account.
A powerful reporting function allows you to easily keep track of how much money you have been paid, how much money you have saved and any expenses you are tracking through the app. This gives you a clear picture of how your business is going, no matter how busy you are.
Automatic savings are just the beginning
The Solo & Smart app also gives you access to a range of other tools to help you get ahead and better manage being self-employed. You can generate professional invoices for any work you might be doing anywhere, anytime. It’s also a great way to keep track of your expenses by simply taking a picture of your receipts. You can also access a revolutionary pay-for-use insurance initiative, that means the cost of insurance is directly related to how much you earn, so you’re never wasting money on insurance you don’t need or aren’t using.
Get the exclusive 30-day free offer
Deliveroo’s partnership with Solo & Smart gives you exclusive access to a 30-day free trial worth up to $110. To redeem the offer or learn more about the app, visit the Solo & Smart website.