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Tax Automation

Sales tax, VAT, and compliance automation

Found is a neobank designed specifically for self-employed workers, freelancers, and sole proprietors, combining business banking with integrated tax tools that address the unique financial management needs of independent workers. The free business checking account provides a Visa debit card, instant payment receipt, and expense categorization. Found's integrated tax feature is the key differentiator — the app automatically sets aside a percentage of income for taxes, calculates estimated quarterly tax payments, tracks deductible expenses throughout the year, and prepares Schedule C and self-employment tax figures at filing time. This automatic tax-aware banking eliminates the common freelancer mistake of spending tax obligations, then scrambling to cover quarterly payments. The expense categorization engine suggests business or personal classifications for each transaction, building a deductible expense record automatically. Invoicing tools allow freelancers to create and send payment requests directly from the Found app. Found Plus adds a high-yield savings account with competitive APY, unlimited invoicing, advanced expense categorization, and year-round CPA access. ACH and wire transfers are supported for client billing and contractor payments. No minimum balance requirements, no monthly fees for the base tier, and no personal credit check for account opening. For freelancers who want to eliminate the separate bank account plus separate tax tracking tool setup with a single integrated solution, Found's banking-plus-tax approach covers the most common pain points in a clean mobile experience.

Lili is a banking app for self-employed workers and small businesses that integrates financial management and tax tools directly into the banking experience. The free tier provides a Visa debit card, ACH transfers, and basic expense tagging. Lili's Tax Optimizer automatically sets aside a percentage of incoming deposits into a tax bucket, calculating the recommended set-aside rate based on business income and filing status — addressing the most common financial mistake of self-employed workers who don't reserve funds for quarterly tax payments. The expense management feature categorizes business expenses against tax-deductible categories and generates a year-end expense report that simplifies Schedule C preparation. Lili Pro adds higher APY savings, unlimited invoicing with payment links, unlimited expense categorization, and priority support. Lili Smart includes all Pro features plus an accounting integration with QuickBooks, advanced analytics, and a business checkbook. The invoicing tool allows freelancers to create and send professional invoices directly from the app without a separate tool. Business savings accounts within the Lili platform enable goal-based savings for tax reserves, equipment purchases, and emergency funds. FDIC insurance through Choice Financial Group covers all deposits. Lili's combination of zero-fee basic banking, automatic tax set-aside, and integrated invoicing creates a self-sufficient financial management suite for solopreneurs and micro-businesses who want to consolidate banking and basic bookkeeping in one mobile app.