Banking

Make your bank account offering more valuable to freelancers with "self-driving" features that handle the busy work for them.

Adding Abound’s tax features expands how freelancers can use Lance to automate all their financial needs.
Oona Rokyta
CEO, Lance

The Problem

68 million independent workers in America have to figure out how much they owe in taxes on the 1099 income they earn, set it aside, and pay quarterly estimated taxes to tax authorities. This is extra work these workers have to do in order to avoid penalties.

The Solution

What if the freelancer's bank account could automatically detect taxable income and deductible expenses, calculate the taxes owed, set that amount aside into a separate tax account, and submit quarterly payments to the tax authorities?

Business Objectives

Auto Bookkeeping

Detect taxable income and deductible expense transactions to make bookkeeping a breeze within your app.

Tax Accounts

Automatically transfer what's owed into a taxes sub-account that submits quarterly estimated payments.

Tax Forms

At the end of the year, the account generates a Schedule C/SE to make annual tax filing easier.

Case Study

Lance

Lance automatically calculates, withholds, and pays quarterly estimated taxes for its accountholders.

24 hours

The time it took to integrate and stand up tax calculations.

52 regions

Supports tax calculations from all 50 states, plus Federal and D.C.

Case Study

Lance

Lance automatically calculates, withholds, and pays quarterly estimated taxes for its accountholders.

24 hours

The time it took to integrate and stand up tax calculations.

52 regions

Supports tax calculations from all 50 states, plus Federal and D.C.

Case Study

Ready to build the future independent workers want to work in?