Benefits of Having a Tax Planning Account

Overview:

A Tax Planning Account offers several key benefits to help you manage your finances effectively:

• Dedicated Funds: The Tax Planning Account acts as a separate account specifically for your tax savings.
• Automated Tax Savings: You can automatically set aside a chosen percentage of each transaction to cover your tax obligations via Auto Deposit Rules. This automated process ensures that you are consistently putting funds aside, making tax season less financially stressful. While a starting point of 20% is suggested, you can adjust this at any time to match your specific business needs and estimated tax liability.
• Physical Card Included: Upon approval of your Tax Planning Account application (either as a Business or an Individual), you will receive a physical debit card that can be used with this account.
• Easy Setup: Setting up a Tax Planning Account involves following a similar application process to the standard Real Wallet Debit Card, either as a Business or an Individual/Sole Proprietor.

By taking advantage of a Tax Planning Account, you can proactively manage your tax responsibilities, leading to greater financial organization and peace of mind.

Next Step: Agents who are in a single check state or opted into single check have the option to open a Tax Planning account. Navigate to the Wallet tab in reZEN and explore the options for adding a Tax Planning account.

See: How do I opt-in to single check payment?