Finmo is a software platform that simplifies self-assessment tax filing for sole traders and individuals with side income. The platform tracks income and expenses, provides educational resources, and connects users with accredited accountants for affordable tax preparation assistance.
Funding
Funding not disclosed
Founders
Product
Problem
Self-assessment tax filing can be complex and time-consuming for sole traders and individuals with side income, especially when managing income, expenses, and receipts from various sources. Existing solutions often lack user-friendly interfaces and personalized support, leading to errors and missed deductions.
Solution
Finmo is a software platform designed to simplify self-assessment tax filing by providing a centralized location to track income, expenses, and receipts. Users can import bank transactions, capture receipts, and generate real-time tax estimates to stay on top of their business finances. The platform offers tiered plans to suit different accounting needs, from basic digital storage to comprehensive bookkeeping assistance from accredited experts. Finmo aims to empower users to confidently manage their taxes and file accurate returns.
Target Audience
Finmo targets sole traders, freelancers, and individuals with side income in the UK who need a simple and efficient solution for managing their self-assessment tax obligations.
Features
- Income and expense tracking with categorization
- Receipt scanning and digital storage
- Bank transaction import and matching
- Real-time tax estimation
- Profit and loss reports
- Integration with accredited bookkeepers for personalized support
- Step-by-step guidance for self-assessment tax filing
- HMRC-compliant tax return submission