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What is Earnr?
Earnr is a finance and tax management application designed specifically for creators, small businesses, and individuals with side incomes in the UK. It aims to simplify the complexities of bookkeeping and tax preparation. The platform allows users to connect their bank accounts securely, facilitating the automatic tracking and categorization of business income and expenses separately from personal transactions.
Leveraging features like automated bookkeeping and real-time tax estimates, Earnr helps users understand their financial standing and tax obligations throughout the year. It provides valuable business insights through charts and reports covering income, spending, and profit. A key feature is the ability to automate and submit Self Assessment tax returns directly to HMRC quickly. Earnr also incorporates Earnr AI, a tax assistant, and offers educational resources through its 'Learnr' video hub to help users become more knowledgeable about tax and finance.
Features
- Automated Bookkeeping: Connect bank accounts and automatically categorize business transactions.
- Tax Return Automation: Streamlines the process of submitting Self Assessment tax returns to HMRC.
- Business Insights: Provides charts and reports on income, spending, profit, and business performance.
- Real-Time Tax Estimates: Calculates estimated tax owed based on tracked income and expenses.
- UTR Registration Help: Assists users in sorting out their Unique Taxpayer Reference (UTR).
- Earnr AI Tax Assistant: Provides AI-powered assistance for tax-related queries.
- Learnr Educational Hub: Offers access to short videos explaining tax and finance concepts.
- Receipt & Note Storage: Allows users to store digital copies of receipts and add notes to transactions.
Use Cases
- Automating bookkeeping for small businesses and sole traders.
- Simplifying Self Assessment tax return submission for freelancers and creators.
- Tracking income and expenses for side hustles.
- Estimating tax liabilities throughout the year.
- Managing finances for platforms like Etsy, OnlyFans, eBay, Patreon, Twitch, DePop, YouTube, Amazon.
- Understanding business financial performance through automated insights.
