Found is built to help self-employed people manage their business income, expenses, and taxes. Anyone who works for themselves is considered “self-employed.” Personal trainers, rideshare drivers, interior designers, estheticians, photographers, delivery drivers are usually self-employed.
Found provides three important services for self-employed people:
Business banking: You’ll be given a free business bank account where you can receive deposits from clients or employers. You’ll also receive a Found debit card, which you can use for business purchases. Every payment and purchase is documented in your Found account, so that your records are clear and IRS-compliant.
Instant write-offs: With every business purchase, Found gets you an instant write-off and then deposits the savings back into your business account. Found will automatically calculate your owed tax, and then set that tax money aside in your Taxes account so you’re never short on Tax Day.
Quarterly tax payments: If you choose, Found can make your quarterly tax payments directly to the IRS for you. All you have to do is fill out your Tax Profile, deposit your business income into your Found account, and use your Found card for all of your business expenses. Found will handle the rest, including calculating your estimated tax owed and making sure you don't miss your quarterly tax payment deadlines.
If your business is managed using an S-Corp or you're running a non-profit, Found's tax features may not fit your needs. But, with that said, you may find our invoice, payment, and banking features useful.