TaxWorks to Offer Client Expense Tracking Tools

RedGear Technologies, known for its TaxWorks professional tax preparation suite, is now offering tools that tax firms can provide to their clients.

The Deductr utility, which is developed by Business Owners Advantage, is designed to help individual clients who file Schedule C or have partnership income, with automated tools for tracking time, activities, income, expenses and milage associated with their business activities.

TaxWorks has been on the market for 40 years, and other technologies in the RedGear product line include ArkWorks for document management and the TaxWorks Institute for research.

Through the partnership, firms using TaxWorks will be able to offer Deductr to their clients on a discounted subscription basis. If the client taxpayer subscribes, the tools and tracking mechanisms can be accessed via web and mobile apps, allowing them to track activity and expenses so that when tax time comes, they can take better advantage of appropriate deductions.

“We’re excited about our partnership with Business Owners Advantage,” said Chip Coons, president of RedGear Technologies. “Deductr, is a top-shelf product … designed to be accessible anywhere on a mobile phone or other web-connected device with simple steps to track things like business expenses or miles. It’s an invaluable tool to business owners. Our tax preparers will be able to strengthen the relationship they already have with their important business customers with Deductr.”

The product is now available and more information will be released in the coming weeks at www.taxworks.com.

Tax Planning