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Running your own business is taxing.
So you should only pay the taxes you owe.
Never miss a tax write-off ever again! Categorize every transaction in real time: swipe left for personal, right for business, and up to split between the two. And with each swipe, watch your estimated tax savings go up!
Automatically set aside a percentage of your income for your taxes (we’ll help you decide how much). No more late-night panic, no more IRS penalties!
Attach a picture or pdf of your receipt to your transaction in just a few clicks…and throw it in the trash! It will be stored safely in your Lili mobile banking app.
If you’ve done the work all year, Lili will pre-fill your annual 1040 Schedule C form, ready to be shared with your accountant or filed with the IRS.
Lili automatically generates a quarterly and yearly business expense report, summarizing all of the expenses you swiped right, so you always know where you stand!
Easily categorize each business expense throughout the year with a quick swipe on your Lili app
Regularly contribute to your Tax Bucket, automatically or manually, to make sure you save enough for your taxes
Download your Income & Expense Report to include in your filing, and use your Tax Bucket to pay whatever you owe
Here’s everything you need to know about Lili’s Tax Tools
Opening a Lili account will have no impact on your credit score.