Mobile apps seem to make everything easier, don’t they? With tax time upon us, let’s look at some of the mobile apps that can help you save time filing your taxes and finding the financial resources you need for your business.
TurboTax Mobile App
If you’ve used TurboTax in the past, you’ll appreciate the fact that you can now file your taxes using the TurboTax Mobile App. If you start the process from your desktop web browser, you can seamlessly switch over to your tablet or smartphone to continue working on your taxes. Rather than having to calculate your own tax information, you simply answer questions that the system asks you about your earnings and expenses, making tax time easy for those uncomfortable with the filings. The app is available for iOS and Android. The apps are free; you pay when you file. (Prices vary.)
Quick Tax Reference
In addition to actually filing your taxes, it’s helpful to have a handy reference for things like the current standard mileage rate, corporate tax rate schedules, and retirement plan limits. Quick Tax Reference from Bloomberg BNA provides these and other tax references in an easily-accessible format. If you need information for retroactive tax rates as far back as 2011, the app includes that as well. The free app is available for iOS and Android.
Ask a CPA
When you have a tax or accounting question and can’t find the answer online, you may not need to hire an accountant just to get that one answer. Instead, try downloading Ask a CPA. Its database is filled with commonly asked questions on topics like dependent care benefits, depreciation, and startup expenses. If you don’t find the answer to your question in the database, the app will connect you with a CPA in your area, who can answer the question for free. The free app is available for iOS and Android.
Even the IRS is getting in on the app game. Available for iOS and Android, IRS2Go lets you check the status of your refund within 24 hours of your electronic filing, as well as connect with the IRS on various social media sites. The IRS has a program offering free tax assistance to qualified taxpayers through its Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) programs. The free app can connect you with a VITA or TCE site near you.
This app is useful year round. Expensify helps you keep track of your business expenses without juggling paper receipts. So if you’re on a business trip or just have receipts you want to save for tax time, take a photo of it with your phone and categorize it through the app. You can also track your business mileage using your phone’s GPS, then use that information to claim the standard mileage deduction when you file your taxes. The app is available for iOS, Android, BlackBerry, and Windows Phone devices. The apps are free, though you need an account to use the apps. You can sign up for a free a free basic account. or get more features like invoicing and integration with other software with a paid plan, which starts at $5 per user per month.