WorkMade makes tax savings simple by automatically tracking your income and expenses.
We estimate how much you owe and set aside money for taxes every quarter, so you’re always ready.
How WorkMade Makes Tax Savings Easy
Track Your Income: We automatically track your earnings to calculate what’s taxable.
Categorize Your Expenses: We organize your expenses to find tax deductions that lower what you owe.
Set Aside Taxes: We estimate how much you need to save for taxes and put it aside for you.
Quarterly Tax Payments: We handle paying your taxes every quarter, so you don’t miss a deadline.
How to Enable Auto Save for Taxes
To start saving automatically for taxes:
Open the WorkMade app.
Go to Settings.
Find the Taxes section.
Turn on Auto Save for Taxes.
Note: You need to enable this feature to automatically save for taxes.
Why the Effective Tax Rate Matters
The effective tax rate makes taxes simple. It shows how much of your income you need to set aside, so you’re always prepared when tax time comes.
Steps to Ensure Accurate Tax Settings:
Keep your tax profile updated in Settings to reflect any changes in your finances.
Manually add any income or expenses that WorkMade doesn’t automatically track to make sure everything is accurate.
Manual Adjustments
You can add income or expenses manually for transactions not handled directly by WorkMade to keep your tax estimates precise.
📓 Each tax situation is unique. WorkMade provides general info based on guidelines from tax authorities, which may change over time. For more details, refer to Regulation CC.