San Diego, CA, USA – The recent statistics by Upwork reveals that 41.8% of the American workforce will continue to work remotely. Even though an estimated 26.7% will continue with the work from home model throughout 2021, 36.2 million Americans, which makes 22% of the total workforce, will be gradually shifting to this model by 2025. This is a staggering 87% upsurge from the number of remote workers before the onset of the pandemic.
The COVID-19 pandemic has certainly redefined the traditional concept of work, illustrating that many jobs can be performed remotely without sacrificing throughput. The immense upsurge in the mobile workforce has led to increased use of personal phones for business communication purposes. This has also influenced market growth, which calls for expanding the expense management software industry to include employees better managing business expenses they may have previously neglected to report, specifically for business-related phone calls. In fact, not many are aware that self-employed individuals who utilize their personal cellphone for business are eligible for tax deductions, by claiming the proportional expense for business usage of their phone. Remote workers may also receive reimbursements for personal phone bills from their employers according to company policy, many of which may not be accurate.
The current pandemic continues to demonstrate the growing demand for remote work requiring the current workforce to be more flexible and well-organized. It is essential now more than ever that the ‘self-directed’ workforce (i.e., freelancers, independent contractors, gig workers, real estate agents, hair stylists, solopreneurs) leverage technology to track expenses and maintain documentation in order to receive every tax deduction they are entitled to.
‘PhoneTAXX’ is a Smartphone app scheduled for launch by the end of 2021 that will track phone call logs and automatically record and calculate business call expenses — essential data for any self-employed business owner or small business owner reimbursing employees. The app features smart call log categorization technology intended for the accurate reporting and calculation of mobile phone calls without any human intervention beyond initial account setup.
PhoneTAXX will also allow users to export expense reports directly from the app to a predesignated email for IRS-required documentation or accurate reimbursement. The app is all set to hit the proverbial nail on the head by generating a neatly organized call log summary for tax documentation. Without a doubt, for precise tracking, simple setup, andpositive end user experience, PhoneTAXX is the best choice.
“It’s all about introducing efficiencies into peoples’ lives so they can focus their energy where they have the greatest impact. My motto is always ‘people before paper’, and we’re creating tools that allow people to do just that,” says the Tiffany Rubin Johnson, founder and CEO of PhoneTAXX.
Self-employment requires dexterity, creativity, and unmatched organization skills. Usually, preeminent business owners and freelancers are their own accounting, operations, and advertising teams enveloped into one individual. As a result, administrative tasks often receive the lowest level of attention. Due to fragmentation of the global economy during the pandemic, PhoneTAXX, LLC, has deliberately focused on mitigating time-consuming administrative burdens, so business owners can focus on value-added tasks without forgoing thousands of dollars in eligible tax deductions.
PhoneTAXX will be available for download from both the App Store and the Google Play Store. With a free introductory plan, the app will be offering the first 15 calls categorized for free. Users who wish to track unlimited phone calls can upgrade to one of PhoneTAXX’s unlimited subscription plans for $7.99/month or $71.88/year. The developers of the app utilized a Privacy-by-Design approach to ensure the app protects users’ privacy and security without compromising functionality.
About the Company:
PhoneTAXX, LLC is an up-and-coming mobile app development company dedicated to empowering a self-directed workforce to manage their expenses more efficiently with smart call log categorization technology. The app will support the millions of business owners, independent professionals, and enterprising individuals who work in every imaginable industry — real estate, sales, services, finance, design, and more—empowering the success of those who constitute the lifeblood of the US economy.