Independent Businesses Overpay Their Taxes by $15,000 Each Year

A receipt folder in my email, and prayers that I put enough away in savings to cover the tax bill. Signing up with Lettuce was a decision to leave all that behind. For an entire year, I had been thinking about becoming an S-Corp, and accountants repeatedly advised against it, without having a better recommendation of how to keep more of what I was earning. I was constantly stressed about how I could maximize the financial benefits of being a solopreneur. I needed help managing my business finances, but making the shift to formally establish a business was more emotional than I’d expected. Having a solution that automated all the bookkeeping and accounting gave me validation and a sense of control. It allowed me to have a better understanding of my expenses and plan for tax payments more effectively. The Lettuce bank card saves time and hassle by automatically tracking all my meeting receipts in the dashboard. Working with Lettuce also gave me a new language to talk about this step in my career. I am not a "freelancer", "consultant", or "looking for the next job" - I am now a business owner.

Since I created my S Corp with Lettuce, the consulting work I've been doing is suddenly a real business. I love logging into my Lettuce account dashboard daily to see my income, bank balances and to log my business expenses. I've never had real tax strategies or a total view of how things were going. I feel at ease knowing that Lettuce is taking care of all the hard legal and accounting work I didn't have time to dig into or understand.

To be honest, it really doesn’t pay to do it myself. Not only could I be spending that time on billable hours, but I’m not an expert when it comes to taxes and accounting. That became evident on the day I found out my LLC had actually lapsed months earlier–and I had no idea! That’s when I knew I needed to find the right technology to take care of my business set-up, accounting and banking for me. So I went looking for a better, more software-enabled solution. One where the technology would take care of all of this for me. Thankfully, I found Lettuce. Lettuce automates it all–the organizational set-up, the accounting, banking and taxes– by default. As a solopreneur, I can’t tell you what a relief it is to know that an absolute expert, Lettuce, is on the job 24/7. No more overpaying quarterly taxes. No more penalties. And no more lapsed LLC’s! Instead, I have total peace of mind knowing my business financials run like a well-oiled machine. My banking transactions are auto- categorized, my quarterly tax estimates are razor sharp and, best of all, Lettuce maximizes my tax savings. I’m now keeping more of every dollar I earn. The ROI speaks for itself.