Mylance reduces your administrative burden. We categorize every transaction, maximize your deductions, manage your accountable plan, optimize your business set-up for your individual situation, and provide you with a monthly snapshot of the financial details of your business. We save our average customer over $10,000 per year!
We love the freelance life for all the benefits it provides, and our goal is to empower more people to live it. Reducing the costs and removing some of the administrative burden is a big way to empower more people to embrace the freelance lifestyle.
Mylance helps you maintain perfect books through our software and expert CPAs. We identify areas where you can save money through setting up the proper tax structure for your entity, optimizing deductions on your expenses, and through our accountable plan.
Besides saving you money, we give your time back. We categorize your transactions, estimate your tax bill, and give you a clear picture of your finances so you can make educated spending decisions. Tax season will also be seamless with compliant, up to date books already done for you.
In addition to doing your books, and advising you on the optimal tax set-up, Mylance provides a snapshot of your business monthly, with a breakdown of your revenue, costs, deductions, and accountable plan summary. This enables a clear picture of your business to see month over month changes to help you make smart business decisions.
An accountable plan captures the areas freelancers can reduce their taxable income (the lower your taxable income, the less you pay in taxes and the more you take home in revenue), and keeps track monthly of the costs. These costs are paid for by you as the individual, and the business reimburses you monthly, increasing your take home pay.