CPA Practice Advisor

JUN 2016

Today's Technology for Tomorrow's Firm.

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June 2016 • www.CPAPracticeAdvisor.com 11 s p o n s o re d c o n t e n t T E C H N O L O G Y INNOVATION AWARD SPOTLIGHT Xero TaxTouch With 54 million freelancers in America, Xero recently launched Xero TaxTouch to help anyone working in the on-demand economy manage expenses while maximizing business-related tax deductions and take-home incomes. With direct bank and credit card feeds, and a simple swipe of the finger, the app allows users to separate business from personal expenses, helping to end costly tax surprises. It also helps freelancers save money by categorizing expenses according to IRS-approved business deductions categories. Xero TaxTouch enables entrepreneurs to simply stay on top of their tax obliga- tions to focus on establishing and growing their business. Specific features include the ability to automatically download bank and credit card transactions from major U.S. banks and credit cards. With one tap, a report is generated detailing Schedule C data, making it faster and easier for freelancers and tax professionals to prepare for yearly tax returns. Xero, the cloud accounting software company behind TaxTouch, is a global small business platform con- necting entrepreneurs with their advisors via beautiful technology. With more than 700,000 subscribers in 180 countries the tech company was recognized by Forbes in 2014 and 2015 as being one of the World's Most Innovative Growth Companies, Xero offers a complete suite of applications for seamlessly man- aging the financials of a small business. Xero provides small businesses and accountants with a simple and secure solution for streamlining the accounting. To learn more, visit: www.xero.com/taxtouch

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