Lance is the business account that puts your money on autopilot. Set your stacks, and watch your income get auto-allocated toward salary, savings, taxes, and expenses — just how you want. Best part? Lance pays your taxes (to the IRS), and your salary (to you).
Big thanks to @benln for hunting us!
👋 What's up, PH?! We’re Lance — the self-driving business checking account for freelancers.
Many moons ago, we Lance founders were all freelancers. But with the glamour of freedom and flexibility came... total lack of financial clarity. How much of our money was actually ours, and how much was for taxes? How much should we be saving, and how much should we be spending? We were in the dark, struggling with budgeting and cash-flow. Even the best CPAs didn't solve the problem. The freelancer's status quo, to be blunt, kinda sucked.
So we built Lance.
Here's how it works:
1. Route your income to your Lance account.
2. Set your allocation preferences. Now, every time you get paid, Lance auto-budgets your money across your main balance (or, business expenses) and a few stacks. (AKA subaccounts.) Stacks now include taxes, salary, and savings.
3. Lance calculates, withholds, and pays your quarterly taxes to the IRS out of your taxes stack.
4. Lance auto-deposits your salary into your personal bank account every two weeks.
That's it. Basic bookkeeping, accounting and taxes — done. Welcome to the world of financially responsible self-employment, you thriving freelancer you.
*****Discovered Lance here on PH? Try a free month of Lance Pro.*******
What do you guys think? What other features should we create?
The four of us are here to answer questions all day! 👨💻👨💻👨💻 👩💻
@benln@gilad_uziely : Brilliant use case, this is going to empower so many freelancers 🙌🏼 More power to the creator economy 🌟 Congrats on the launch here!
@benln@gilad_uziely@saascoach my card was locked and I can’t get ahold of any customer service except through the app and they won’t help. You guys locked it. Not visa. Not blue ridge bank. I’ve spoke with everyone and it falls on lance bank. All because you thought I had fraudulent charges and didn’t.
@cn__katie HI Katie, great question! We currently cover all the states in the US. Hoping to expand to other countries down the line. Out of curiosity, where are you based?
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