After the April 15th deadline for tax taxes, taxpayers let out a sigh of relief. After another hectic year, it is now time to stop trying to collect receipts and figure out expenses.

Nevertheless, there is no need that the tax season includes a frantic rush to compile tax records. Start getting organized immediately rather than putting it off until the next spring. Using mobile apps, it is simple and easy to build up automatic processes to gather the information you will need for the next year.

According to Wendy Barlin, many certified public accountants no longer accept paper papers sent via the mail. She notes that the reason why they prefer the apps is that they provide downloadable reports.

However, if you decide to utilize an app, ensure you are using it regularly and to its full potential over the whole year. According to Barlin, his main worry is that consumers may pay for an app, assuming it will do all the work for them. An application is only as useful as the people who use it.

Mint

People use the Mint app to help them create budgets, monitor spending, and evaluate their progress toward achieving their financial objectives. However, while it is doing so, it will also wind up gathering data that is necessary for tax time. For example, it will record the amount spent on itemized deduction categories like medical expenses and charitable giving.

After that, you may use those reports to do your taxes, consult a certified public accountant (CPA), or hire a tax preparer. Because it is possible to connect Mint to several different bank accounts, using it to generate a comprehensive picture of your yearly expenditure may be an easy and simple method.

FileThis

When filling out tax forms, it is useful to know how much you spent in each category, but if your return is subject to audit, you will need more information than that. According to Barlin, a credit card statement does not qualify as a receipt for the Internal Revenue Service. The IRS will want to see receipts verifying the expenses.

FileThis may store and organize various documents, including bank statements, receipts, and utility bills. It functions like an electronic file cabinet. The software provides security on par with a bank and can get up to three years' worth of past statements from accounts connected to it, in addition to fresh statements as soon as they are made accessible. FileThis provides an additional benefit in the form of bill reminders whenever the payment date is getting close.

Neat

Neat is another tool that can record, upload, and organize various types of paperwork. The OCR software of this company can arrange the data extracted from a photograph of a receipt. The information may then be sent to other tax preparation software when required.

Neat is an app that provides a comprehensive collection of capabilities that can be used across a variety of desktop computers as well as mobile devices. One of the features of Neat is the tracking of receipts. Bookkeeping, the administration of documents, and billing and payment are all included here. Alternatives that cost less may be found for employees who wish to scan a few receipts each month, but for self-employed people and owners of small businesses, Neat can be a worthwhile investment.

MileIQ

The IRS requires taxpayers to maintain records of where they drove and when they drove there to take mileage deductions, which may add up to hundreds of dollars for self-employed individuals and company owners. You could maintain a notepad in your vehicle to record the dates and locations you traveled to or use a program like MileIQ to automate the process.

When the app detects that it is being transported in a car, it wakes up from its sleep state to begin recording the route taken, the times at which it started and stopped, and any other information that the IRS requires for a business mileage deduction. Users will then be able to categorize drives as either personal or professional travels and generate reports that may be used during tax season.

Keeper Tax

Keeper Tax is another alternative for freelancers to consider. Although it searches bank and credit card accounts for possible deductions, this app's functionality is more limited than FlyFin. Keeper Tax does not have CPAs on staff who will prepare your tax return for you, but it gives you the means to ask tax professionals questions.

Although Keeper Tax's website has several free tools, such as tax calculators and articles on various tax-related issues, information on the cost and functionality of the company's iOS app could be more extensive.