If you're here to understand the difference between Wingspan and Catch Benefits, you're in the right place.
Why do Wingspan members switch from Catch Benefits?
All-in-one platform built for the business of one
Wingspan is an an all-in-one platform for freelancers to manage their business. Catch Benefits is a great product if you only need help saving for benefits like health insurance, dental, taxes and other goals. If you send your own invoices and want to unify your benefits, bookkeeping, tax withholding and more into one platform, Wingspan could be a better fit for you.
Automated savings, for real
With Wingspan, money that hits your bank account is yours to spend. We deduct the cost of your benefits from your income, before the money hits your account.
With Catch, when income is deposited into your bank account, you are asked if you would like to set aside from that income for benefits. Catch then must withdraw from your account to cover your benefits. We won't ever accidentally overdraft your account.
Free invoicing with immediate payouts to your bank account
With Wingspan, you can send free invoices and retainers. Unlike Venmo, we don't hold onto your money. Once you get paid, we immediately deposit your earnings into your account.
Track your income & expenses
If you earn self-employment income (1099), you are required to keep track of your income and expenses to report that income on your annual tax filing. Wingspan tracks the income you make from sending invoices, and deposits into your linked bank accounts. We'll help you identify tax deductible expenses (like your Wingspan subscription!) to save you money on taxes. When it comes to filing your yearly tax return, you can export your transactions to file with a CPA or a tool like Turbotax. Wingspan members have everything they need to make tax season a breeze.
Free quarterly estimated tax payments
Catch charges you $10 per tax payment. On Wingspan, it's completely free to pay quarterly estimated taxes. We provide a suggested tax savings rate and automatically set-aside from your income. You can pay quarterly or annual estimated tax payments directly from Wingspan. Your savings are stored in a FDIC ensured account that you can withdraw from at any time.
Wingspan includes an optional suite of benefits including:
- $0 Teledoc visits 24/7
- A free tax online to get immediate answers from licensed CPAs
- A dedicated Health Advocate