Eworkx

商業應用

Eworxs The Tax Cuts and Jobs Act(TCJA) of 2017 introduced the Qualified Business Income(QBI) Deduction, this generally allows the deduction of 20% of QBI for pass through entities such as Sole proprietors, Partnerships and S Corporations. With this new law, employees are opting to change their work classification to independent contractors. With the increase in independent contractors, companies are faced with the following issues: tracking workers’ mileage, tracking workers’ hours, calculating workers’ pay, invoicing clients and integrating transactions into their financial statements. Ini Adesanya, a Certified Public Accountant (CPA) and a business tax specialist, the founder of Eworxs decided to automate the process after seeing these issues with clients in various industries. Eworxs functionality: Easily tracks workers’ mileage Easily tracks workers’ hours Automatically generates invoices Automatically sends invoices Generates various reports Automatically calculates workers’ pay Allows for easy integration of invoices into QuickBooks Accounting Software Eworxs is also user friendly; users do not have to be tech savvy to use the app. The process involves multiple transactions that are prone to human error. Eworxs eliminates human error and increases cost savings by an average of 90%.