Tax planning becomes a seamless part of your business operations with Lili, so you can minimize your tax liability and avoid the headache during tax season.
Categorizing transactions as you go means approaching tax season ready to file. Your business tax deductions, expense reports1, and pre-filled tax forms2 will be available in your Lili account at the start of tax season, saving you time on tax prep.
Preset the amount you want to automatically contribute to your tax bucket each time you get paid1. Avoid stress and a surprise bill during tax season by being prepared throughout the year.
Lili provides pre-filled tax forms2 including Form 1065, Form 1120, and Schedule C so you can shorten your tax preparation and maximize your tax deductions.
You can easily categorize business expenses in your Lili account in real-time.
Whenever you spend money from your Lili account, you can categorize the expense as business or personal simply by swiping on your Lili app – swipe left for a personal expense and swipe right for a business expense.