Hurdlr Review

Automated Expense Tracking

Hurdlr provides you with the ability to capture and track various types of expenses that can be deducted from your taxable income or reimbursed back to you. Through artificial intelligence, the application helps you execute this process automatically in real-time. As a result, you no longer need to store, organize, and track piles of paper receipts that consume much of your time. 

Hurdlr learns how your business spends money and incurs expenses.  It can even automatically tag all your deductible expenses. Thus, you’ll be able to quickly find out if the expenses you incurred are related to advertisements, commissions, sold goods, maintenance, office supplies, and equipment or business travels. 

The application makes it easy for you to claim tax deductions or reimbursements for business travels. This is because it has a mileage tracking feature that allows you to instantly calculate the mileage you traveled and track your driving-related expenses for important business trips. You can also keep track of the mileage costs you incurred during travels that are classified as personal or those travels made for charitable or medical purposes. 

Self-Employment Tax Management

If you’re a sole proprietor, remote worker, or independent contractor, tracking and managing your taxes becomes less stressful using Hurdlr. Removing the hassles of handling self-employment taxes, the application allows you to find out in real-time the amount of taxes you owe and the expenses that can be deducted from your taxable income. You can even determine the amount of income you can get after tax deductions are applied. 

In addition, Hurdlr sends automatic reminders so you’ll know when you are supposed to pay the federal, state, and self-employment taxes you owe to the government. Moreover, you can prepare and complete tax documents and forms such as Schedule C, Schedule CE, and Form 1040 directly within Hurdlr. With just a few taps, you’ll be able to file income tax returns straight from the application as well. 

Accounting Solution for Small Businesses

Hurdlr has a premium version optimized to help small business owners easily address their accounting needs. This version is equipped with all the features you need for getting complete control over your business finances. You can use these features even if you don’t have any knowledge of accounting or bookkeeping.  

Hurdlr’s premium version enables you to create professional invoices that you can customize to fit the brand of your business. It also permits you to set up credit cards as a payment method so you can receive payments from clients quickly. If you’re taking out amounts of money from the income generated by your business (also known as owner’s draws), they will automatically and appropriately be accounted for. Lastly, you can access reports that present key pieces of information about your finances in a way that you can easily understand.