Dec 18, 2019
Tax Assist is a free tool that simplifies tax preparation and helps small business owners better forecast tax liabilities
SILICON SLOPES, Utah – December 18, 2019 – Sunrise, a Lendio company, today announced a new feature called Tax Assist, designed to lessen the burden of tax preparation for small business owners. Free to Sunrise users, Tax Assist alerts business owners of their potential tax liability so they can be better prepared financially, in advance of tax payment deadlines.
Tax Assist also guides small business owners through the process of organizing documents to ensure a smooth tax filing, thereby reducing the time and money needed for professional tax preparation services. While Tax Assist does not enable business owners to file their taxes through the Sunrise platform, it does help LLCs, Sole Proprietorships and Partnerships to get their books in order and to pinpoint potential areas of tax savings.
Key features of Tax Assist include:
“Small business owners consistently cite both bookkeeping and tax preparation as major pain points in running their operations,” said Brock Blake, CEO and founder of Lendio. “With this new Tax Assist feature, Sunrise can significantly reduce both of these challenges for entrepreneurs—so they can get back to doing what they do best.”
The first freemium bookkeeping software to meld accounting, cash flow management, loan and credit information into a single platform, Sunrise is a user-friendly solution for solopreneurs and small business owners. Sunrise comes in two versions: a free plan that allows businesses to do both cash and accrual-based accounting as well as a paid plan that also allows growing businesses to leverage expert bookkeepers.
Earlier this fall, Sunrise announced a strategic partnership with WePay, the integrated payments business of JPMorgan Chase & Co. Through this collaboration, Sunrise provides its small business clients with a feature called Sunrise Pay, powered by Chase, which gives users immediate access to invoicing capabilities as well as the ability to set up recurring payments.
For more information about Sunrise, visit www.sunriseapp.com.
For more information about Lendio, visit www.lendio.com.
Sunrise, a Lendio company, is a cloud-based small business accounting platform. With integrated access to capital through Lendio’s marketplace of over 75 lenders, Sunrise is the first freemium bookkeeping software to meld accounting, loan and credit information into a single platform. A user-friendly billing and expense tracking solution, Sunrise gives solopreneurs and small business owners more accurate, real-time insight into their business finances, allowing for more streamlined accounting, invoicing, reporting and access to capital. More information about Sunrise is available at www.sunriseapp.com.
Lendio is the nation’s leading small business loan marketplace. With its diverse network of lenders, Lendio enables small business owners to apply for multiple loan products with a single application. To date, Lendio has facilitated over 200,000 small business loans for $10 billion in total funding, including $8 billion in PPP loan approvals as part of government COVID-19 relief. Lendio is a values-driven organization striving to provide equal access to capital to underserved communities and America’s smallest businesses. For every new marketplace loan Lendio facilitates, Lendio Gives—an employee-contribution and employer-matching fund—provides a microloan to a low-income entrepreneur around the world.
As a reporter and editor, Melanie has written about everything from retail and tourism trends to economic development for regional newspapers, trade publications, and national magazines. As Lendio’s Director of Public Relations, she specializes in reporting fintech industry news and its impact on American small businesses. Melanie has a B.A. in Journalism from Brigham Young University. She is also a backpacker, runner, and mom of four.
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