Stay on top of self-employed (1099) tax deadlines with Wingspan's new tax calendar.
The calendar includes:
If you have many similar transactions to update in the same way, use Wingspan's new search and bulk editing features to get it done fast.
Tax season is coming up. You can now request an export of your 2020 Schedule-C or Tax Summary spreadsheet in Taxes.
How do I use it? You can share this sheet with your accountant to file your taxes, or file yourself with a tool like TurboTax.
Wingspan's Tax Summary sheet includes:
What is the Schedule-C?
As a self-employed individual, you need to fill out an IRS Schedule C to report how much money you made in your business. This form must included with your income tax return if you had self-employment (1099) income.
Capture more information on transactions with new custom notes on any transaction in Income & Expenses.
For example, add details like client information or additional context for your accountant. When you export your tax-ready financials for your filing, those notes will be included for you or your accountant's reference.
You don’t have to be a math whiz to keep your business organized. Wingspan’s new Bookkeeping tool does all the heavy lifting.
Tell other self-employed individuals about Wingspan. You'll both get $50 when they subscribe to a membership.
You've already used our secure platform to send your clients a one-click invoice via text, DM, email, or chat. And we just made that one-click approval go to zero clicks.
Let us know what you're doing with all your new free time and 💰in your bank 🏄♀️
We're excited to hear your feedback! 🙏
Thanks for the invoice, can you send a PDF?
Some larger clients have their own systems and processes. With all those rigid systems usually comes a default behavior to ask for a PDF invoice before even looking at the digital invoice.
In an effort to get you paid as quickly as possible, we started attaching PDFs directly to the invoices emailed to your clients. These PDFs are still accessible through each invoice link, but hopefully that attachment upfront saves a few unnecessary emails 😌
We ❤️ your feedback, keep it coming!
We’ve completely redesigned your client experience to make it as easy as possible for your clients to pay you. Send your client an invoice via email, text, chat, or DM. They're no longer prompted to create an account and we made it super clear that Wingspan is a simple and secure payment gateway and that they can pay invoices for free, any way they'd prefer.
Want to test drive your client's payment experience? Check it out here.
Spend less time chasing invoices and more time on what matters: your business. Send your client your Wingspan personal pay link. Think of it like Venmo, but way more business-friendly. (And we don't hold your cash and your client doesn’t need an account.) Claim your wingspan.me link before someone grabs your handle!
You asked—and we listened. Now, when you create an invoice, you can also schedule to send future invoices. (Set it and forget it and get back to life.) We’ve also added new fields where you can add your hourly rate calculations, as well as the ability to attach a PDF (for things like timesheets and W-9s).
Working for yourself is harder than it should be.
Even before the COVID-19 pandemic, self-employed individuals struggled with a host of scary unknowns. At Wingspan, our mission is to take away the burden of administrative tasks—like invoicing, bookkeeping, taxes, and benefits—to empower you to do your best work. We want our members to enjoy the freedom of freelancing by giving them the safety net of a big company.
Our goal is to provide self-employed professionals with essential tools and support to work the way they want.
Today, we're proud to announce Benefits by Wingspan. Say goodbye to confusing insurance jargon and the headache of finding affordable coverage for you and your family. You'll also get instant access to a curated suite of non-insurance benefits that you'd typically only find at Fortune 500 companies. The best part? Most benefits are included with the price of your Wingspan membership and cover your dependents.
Review new transactions to stay organized.
How does it work?
Once you connect your bank account to Wingspan, new transactions will be imported. First, review potential business income to ensure your profit is up-to-date. Then, identify any business expenses to write off.
As new transactions are synced from your bank account, you can review them at any time.
See it in action
Taxes. They’re inevitable. But, they don’t have to be a pain in the neck. Wingspan Withholding is an easy way to save for taxes.
How does it work?
Every time you get paid through Wingspan, we will automatically set aside a proportion of the income into a savings account you can always access. When it comes to quarterly tax payments, you can pay the IRS directly from Wingspan.
Just like a full time employee, the income you receive excludes taxes and will be yours to spend!
Learn the basics of Wingspan in a few minutes minutes with our new demo video:
You can now send yourself test invoices. We're confident your clients will love paying you through Wingspan, now you can be confident too!
For far too long, independent professionals have had to navigate their lives with limited access to the systems and documents they need to succeed. Not anymore. We're leaving a paper trail of some of freelancing's most classified information.
Introducing the File Vault, a first-of-it's-kind digital briefcase featuring editable and downloadable contracts and templates prepared by experts. Wingspan members will be able to compose client-facing proposals, access tax-ready financial forms, and upload & store their own documents, all in one secure place.
Here by popular demand: contract templates! Download a completely customizable contract to jumpstart your business and keep yourself protected.
Never wait (and wait and wait) for a client to pay you again. Now, you can tell Wingspan to send automatic reminders when your invoice is overdue
You didn't get into freelancing to run your own accounting department. Now you can auto-import your transactions into our bookkeeping product!
You asked, we answered. You can now preview any invoice before sending it off your client!
As you run your business, we keep track of your income, expenses, profit, and losses. When it's time to file, you can use Wingspan Tax Prep to export your tax-ready financials— including your Schedule-C—to use for DIY filing or with your CPA.
A spreadsheet of Schedule C calculations. Transparent calculations that map all of your transactions correctly to every field in the Schedule C form.
Profit and loss breakdown. An overview of your financial standings.
All income and expenses. Edit or add business transactions to this list to automatically recalculate the Schedule C data
It's time to get down to business. Now you can schedule a one-on-one consultation with a Member Advocate to decide if incorporating your business is right for you.
Check out our new personal pay link feature –– now available as part of the Wingspan invoicing experience!
We make it easy to complete tasks, access resources on growing your business, and see how you're tracking this month.
Congratulations you're a freelancer! Now you gotta x, y, z. We've already figured it out for you.
Going into business for yourself can be very exciting: you have the opportunity to work on what you want, when you want, and how you want. However, after making this transition from full time employment to freelancing, many independent contractors quickly find themselves consumed by uncertainty and crippled by administrative overhead. They find themselves asking, why isn’t there a single source of truth that tells me everything that I need to do, helps me get it done, and ensures I stay on top of things?
Today that changes. Wingspan is proud to announce the release of “Getting Started with Freelancing”: a comprehensive, step-by-step guided experience that demystifies all the things you need to know as a freelancer, and helps you stay on top of it all. Once you’ve gone through the getting started experience you’ll be armed with everything you need to be confident, so you can focus on doing the work you love.