Legal services platform Rocket Lawyer has launched a new tool for small business owners who find preparing and filing their taxes stressful and confusing.
Rocket Lawyer launches tax preparation tool for small business owners
The new Rocket Tax works by matching clients with licensed and experienced tax professionals to make the process easier and more convenient. It’s marketed as “affordable for all” and will surely come in handy for some business owners struggling with taxes.
An alternative corporate tax resource
Rocket Lawyers conducted some research that found that the vast majority of small business owners have concerns about tax returns, when only half of the concerns actually work with a tax professional.
Rocket Lawyer Founder and CEO Charley Moore said, “In today’s environment, where organizations are concerned about rising costs, resource shortages and other business challenges, it’s important to eliminate the hassle associated with taxes and offer a simplified process We say to our clients: ‘Don’t do your taxes – let us do them for you’.”
How the missile tax works
Rocket Tax allows users to easily scan and upload tax documents with their phone, offering Rocket Tax the expertise and peace of mind of working with a licensed professional at an “affordable, transparent price”.
In Rocket Tax’s press release, the company states: “Powered by the Rocket Legal Cloud, Rocket Tax includes seamless integration with partners like Taxfyle, a tax filing platform trusted by more than 200 CPA firms. In addition, every existing Rocket Legal Cloud customer and platform partner will have access to the benefits of Rocket Tax.”
The most common tax mistakes
Rocket Lawyer also revealed that the three most common tax return errors were math errors and missed opportunities for deductions and credits, along with not knowing what documentation is needed. Working with a tax expert would certainly help eliminate such mistakes.
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