[{"data":1,"prerenderedAt":496},["ShallowReactive",2],{"project-11527347":3},{"id":4,"name":5,"line":6,"line_source":7,"title":8,"url":9,"domain":10,"maker":11,"posted_at":12,"year":13,"points":14,"comments":15,"rank_in_year":16,"shown_in_year":17,"top":18,"tier":19,"category":20,"subcategory":21,"format":22,"keywords":23,"reception":28,"sentiment":29,"stance_mix":30,"scored_comments":34,"aspects":35,"strip":47,"post_text":49,"what":50,"said":84,"maker_in_thread":255,"shape":262,"grid":265,"attempts":458,"same_week":459,"maker_shows":46,"maker_hidden":488,"reader_version":489,"card":490},"11527347","Painless1099","automated self-employment taxes","title","Show HN: Painless1099 – automated self-employment taxes","https:\u002F\u002Fpainless1099.com\u002Fhome","painless1099.com","deuce42x",1461077282,2016,92,78,414,2264,19,"notable","web_saas","tax savings for freelancers","web_app",[24,25,26,27],"1099 taxes","self-employment tax","freelancer taxes","quarterly estimated taxes","debated",-0.177,{"positive":31,"neutral":32,"mixed":33,"critical":31},17,23,2,59,{"pricing":36,"design":39,"execution":40,"idea":41,"privacy":44,"performance":45},{"positive":37,"critical":38},0,3,{"positive":37,"critical":38},{"positive":37,"critical":33},{"positive":42,"critical":43},11,6,{"positive":33,"critical":38},{"positive":46,"critical":37},1,[38,38,46,38,38,46,46,46,38,46,48,46,38,48,46,38,38,38,48,48,37,38,46,48,46,46,48,48,38,46,37,38,48,38,46,48,37,48,48,46],5,null,{"problem":51,"audience":62,"pricing":66,"motivation":76,"time_to_build":49,"stack":80,"openness":81,"stage":82,"team_size":83},{"value":52,"source":53,"evidence":54},"Freelancers and 1099 workers must set aside and pay self-employment taxes themselves","maker",[55,58],{"id":56,"by":11,"text":57},"11528587","I've been working on this project for a little over a year as an advisor, primarily on the marketing and bank tech pieces of the business. The team saw an opportunity to make…",{"id":59,"by":60,"text":61},"11530020","acallwood","1) https is life. 2)We are NOT from Nebraska, but we found an awesome tech-forward bank in Lincoln Savings Bank who saw a pain point in the 1099 world and got really excited…",{"value":63,"source":53,"evidence":64},"1099 contractors, freelancers and self-employed people",[65],{"id":56,"by":11,"text":57},{"value":67,"source":68,"evidence":69},"Free in beta; planned $9.99 monthly subscription after beta","commenter",[70,73],{"id":71,"by":60,"text":72},"11529234","Thanks for the feedback! We're going to be charging a subscription fee down the road, but right now we're just stoked to be sharing our build with the world. Anyone singing up in…",{"id":74,"by":60,"text":75},"11529794","Our planned price point rolling out of beta will be $9.99 monthly, which puts you right in the $120 annual range as you mentioned. And you're absolutely right, we don't remove…",{"value":77,"source":53,"evidence":78},"Team saw an unnecessarily complex tax-saving process and wanted to simplify it",[79],{"id":56,"by":11,"text":57},[],"unknown","beta","team",{"praise":85,"objections":114,"requests":156,"questions":188,"alternatives":213},[86,105],{"value":87,"source":68,"evidence":88},"Commenters say the tax-saving problem for 1099 workers is real and painful",[89,93,97,101],{"id":90,"by":91,"text":92},"11529019","meesterdude","First off, let me echo what an amazing pain in the ass it is to be a 1099er, and how big a deal this can be for people. Kudos there. I'd ask for a little more transparency on how…",{"id":94,"by":95,"text":96},"11529401","pumblechook","Man, if this would've been around a year or so ago! The whole 1099 process was by far the biggest pain point for me of being a contractor\u002Fsole proprietor. What led you to address…",{"id":98,"by":99,"text":100},"11529679","elliotroth","fantastic idea. I consistently get screwed over at the end of the season for not preparing my taxes correctly. I'll be signing up.",{"id":102,"by":103,"text":104},"11530996","antjanus","Oh man, i wish this had existed 5 years ago when I first started contracting. Estimating my taxes, doing withholdings, etc. was just a nightmare for me. I might look into this if…",{"value":106,"source":68,"evidence":107},"Automatic withholding and free beta perk appeal to some users",[108,109,110],{"id":98,"by":99,"text":100},{"id":102,"by":103,"text":104},{"id":111,"by":112,"text":113},"11532269","jMyles","This looks like nearly the tool I need: what I'm really looking for is a program that allows me to keep track of deductions and their reasoning. Also, some kind of facilitated…",[115,127,135,149],{"value":116,"source":68,"evidence":117},"Requires opening a new bank account and giving up control of income",[118,119,123],{"id":94,"by":95,"text":96},{"id":120,"by":121,"text":122},"11531033","rwhitman","A tool that does automatic withholding of business deposits in a savings account for taxes is something I've been dreaming of for a while, to the point where I even sat down for…",{"id":124,"by":125,"text":126},"11530781","trentbigelow","I think Painless1099 IS on to something: taxes for freelancers are a pain, and no one wants to learn how to do it. However, I think asking some people to change their bank…",{"value":128,"source":68,"evidence":129},"Payouts delayed by a few days due to ACH processing",[130,134],{"id":131,"by":132,"text":133},"11530365","toddmorey","From the FAQ: \"For now, we make small returns of interest on the money held in accounts. If we offer a Painless1099 Debit Card, which will allow us to track expenses, then…",{"id":124,"by":125,"text":126},{"value":136,"source":68,"evidence":137},"Pricing and business model unclear; worry about the company staying in business",[138,142,146],{"id":139,"by":140,"text":141},"11529328","melvinmt","I'm a 1099-consultant and whenever a payment comes in, I just update a spreadsheet and transfer the amount to a separate savings account. It's not that big of a pain really, just…",{"id":143,"by":144,"text":145},"11529556","tdicola","Just to be the devil's advocate, what happens if this company goes bust and your tax money is stuck in their account and inaccessible? The IRS isn't going to accept some sob…",{"id":147,"by":91,"text":148},"11529469","Actually it comes out to $60\u002Fyr, which isn't bad for just splitting off funds between two accounts. Obviously they could charge more - $10\u002Fmo wouldn't be bad either, still worth…",{"value":150,"source":68,"evidence":151},"Does not support checks, which many 1099 workers receive",[152,155],{"id":153,"by":91,"text":154},"11529366","FWIW, the second account WOULD be out of sight out of mind. you would just deposit into it, and then money would flow from it into your actual bank account via the service.…",{"id":124,"by":125,"text":126},[157,165,170,177],{"value":158,"source":68,"evidence":159},"Support for paying quarterly IRS estimated taxes automatically",[160,164],{"id":161,"by":162,"text":163},"11529044","gricardo99","If they could take care of also making quarterly IRS payments, so I avoid the underpayment penalty, this would be quite nice.",{"id":94,"by":95,"text":96},{"value":166,"source":68,"evidence":167},"Expense tracking and deduction tracking",[168,169],{"id":94,"by":95,"text":96},{"id":111,"by":112,"text":113},{"value":171,"source":68,"evidence":172},"Support for check deposits",[173,174],{"id":153,"by":91,"text":154},{"id":175,"by":11,"text":176},"11529777","> If you want to actually solve this for 1099ers, your going to have to do more than just what works for a subset of users; and supporting checks absolutely needs to be on your…",{"value":178,"source":68,"evidence":179},"Support for state and sales taxes",[180,184],{"id":181,"by":182,"text":183},"11528771","bitdeveloper","This looks interesting. Can you go into a little detail about how well you currently cover state taxes vs. federal, quarterly payments, etc? The service I currently use doesn't…",{"id":185,"by":186,"text":187},"11529447","jly","This is something I manage pretty easily without a lot of fuss using a spreadsheet and one bank account with my 1099 business. I do a small volume of transactions with higher…",[189,195,206],{"value":190,"source":68,"evidence":191},"What is the business model and how does the company make money",[192,193,194],{"id":90,"by":91,"text":92},{"id":131,"by":132,"text":133},{"id":139,"by":140,"text":141},{"value":196,"source":68,"evidence":197},"Who owns the account and how is FDIC insurance applied",[198,199,202],{"id":143,"by":144,"text":145},{"id":200,"by":144,"text":201},"11529586","Ok but who owns the account and how do you know they're trustworthy? I could open a bank account anywhere and ask you to start depositing your income there. You have to trust…",{"id":203,"by":204,"text":205},"11529815","tommynicholas","Each account is a separate, FDIC insured account held with Lincoln Savings Bank. Your account is your account, there is no money pooling done. Painless 1099 is a front end to…",{"value":207,"source":68,"evidence":208},"Does the savings account earn interest",[209],{"id":210,"by":211,"text":212},"11530894","icodestuff","Does the account earn interest? Right now I have an Ally savings account I transfer a percentage of my revenues every two weeks, so I'm earning 1% on my tax bill. It's small, but…",[214,222,229,236,243],{"value":215,"source":68,"evidence":216},"Track.tax",[217,221],{"id":218,"by":219,"text":220},"11530806","clabasky","Check out https:\u002F\u002Fwww.track.tax It works exactly as you described- money goes into your account first, then taxes are calculated and moved to your tax savings account. You can…",{"id":124,"by":125,"text":126},{"value":223,"source":68,"evidence":224},"QuickBooks Self-Employed",[225],{"id":226,"by":227,"text":228},"11530374","mrchess","Fwiw I use and am actually quite impressed with Quickbooks Self-Employed version, and I've never had a problem with 1099 management. They keep tax estimates for you in the…",{"value":230,"source":68,"evidence":231},"Digit",[232],{"id":233,"by":234,"text":235},"11531049","xivzgrev","It's basically like Digit, but instead of helping you save, it's helping you withhold",{"value":237,"source":68,"evidence":238},"Zen99 (closed)",[239],{"id":240,"by":241,"text":242},"11529870","baus","A company doing something similar closed down last year: https:\u002F\u002Fwww.crunchbase.com\u002Forganization\u002Fzen99",{"value":244,"source":68,"evidence":245},"Spreadsheet and separate savings account",[246,247,251],{"id":139,"by":140,"text":141},{"id":248,"by":249,"text":250},"11529345","EddieRingle","I never really considered this an issue. I've been self-employed since 2012 and kept a spreadsheet that calculated the quarterly payments I need to make, so I just sent that…",{"id":252,"by":253,"text":254},"11529340","Ajdeanmny","This seems like something that is easy for me to do myself. I deposit a check in my bank account and either manually or automatically move some percentage of the money to a…",{"comments":38,"answered":37,"key":256},[257,258,259],{"id":175,"text":176},{"id":56,"text":57},{"id":260,"text":261},"11529106","This is something that we're working on!",{"commenters":263,"max_depth":43,"maker_replies":38,"first_comment_mins":32,"lifespan_hours":264},46,24,[266,268,272,275,277,279,281,283,287,288,292,293,294,297,299,301,303,306,308,310,313,317,318,320,323,325,326,327,329,332,335,338,341,343,345,347,351,354,356,358,361,364,366,369,371,373,375,378,380,381,382,385,388,391,394,398,401,404,407,411,414,417,419,421,422,424,426,429,433,436,438,440,443,446,448,449,451,454],[90,37,38,267,91,37],"project\u002Fmixed\u002Fpricing",[269,37,37,270,271,37],"11529212","commenter\u002Fcritical\u002Fidea","toomuchtodo",[273,37,38,274,60,37],"11529264","maker\u002Fneutral\u002Fdesign",[153,37,46,276,91,37],"project\u002Fcritical\u002Fdesign",[175,37,37,278,11,46],"maker\u002Fpositive\u002Fdesign",[218,37,37,280,219,37],"other\u002Fneutral\u002Fnone",[71,37,38,282,60,37],"maker\u002Fneutral\u002Fpricing",[284,37,38,285,286,37],"11529535","maker\u002Fneutral\u002Fexecution","newjersey",[59,37,38,285,60,37],[289,37,46,290,291,37],"11529380","project\u002Fcritical\u002Fpricing","Androider",[147,37,46,290,91,37],[74,37,38,282,60,37],[295,37,46,290,296,37],"11531770","whiddershins",[131,37,46,298,132,37],"project\u002Fcritical\u002Fexecution",[300,37,38,285,60,37],"11530637",[233,37,38,302,234,37],"project\u002Fneutral\u002Fidea",[304,37,38,305,60,37],"11531996","maker\u002Fneutral\u002Fidea",[56,46,37,307,11,46],"maker\u002Fpositive\u002Fidea",[94,33,46,309,95,37],"project\u002Fcritical\u002Fidea",[311,33,37,280,312,37],"11529418","gk1",[314,33,48,315,316,37],"11529755","project\u002Fpositive\u002Fidea","character",[226,38,46,309,227,37],[319,38,38,305,60,37],"11530409",[139,321,38,322,140,37],4,"project\u002Fneutral\u002Fpricing",[324,321,38,282,60,37],"11531243",[161,48,48,315,162,37],[260,48,37,305,11,46],[328,48,37,280,144,37],"11529736",[330,43,46,298,331,37],"11529700","jordanlev",[333,43,38,285,334,37],"11530187","hangoverhammers",[120,336,38,337,121,37],7,"project\u002Fmixed\u002Fprivacy",[339,336,38,340,60,37],"11531279","maker\u002Fneutral\u002Fprivacy",[185,342,38,302,186,37],8,[181,344,38,302,182,37],9,[346,344,38,305,60,37],"11528926",[348,349,48,315,350,37],"11527519",10,"dd36",[352,349,48,315,353,37],"11528656","lojack",[355,349,48,307,60,37],"11528743",[357,349,48,307,60,37],"11528729",[359,42,37,280,360,37],"11528705","bubbleRefuge",[362,42,37,280,363,37],"11528775","buckbova",[365,42,38,305,60,37],"11528976",[367,42,37,280,368,37],"11529470","fosco",[252,370,46,309,253,37],12,[372,370,48,307,60,37],"11529717",[248,374,37,280,249,37],13,[143,376,46,377,144,37],14,"project\u002Fcritical\u002Fprivacy",[379,376,38,340,204,37],"11529571",[200,376,46,377,144,37],[203,376,38,340,204,37],[383,376,37,384,144,37],"11529856","commenter\u002Fneutral\u002Fprivacy",[386,376,48,387,60,37],"11530716","maker\u002Fpositive\u002Fprivacy",[124,389,37,390,125,37],15,"other\u002Fcritical\u002Fidea",[392,389,48,393,60,37],"11531231","maker\u002Fpositive\u002Fnone",[395,396,46,276,397,37],"11529548",16,"ents",[399,396,48,400,316,37],"11529652","project\u002Fpositive\u002Fprivacy",[402,396,37,403,60,37],"11530723","commenter\u002Fpositive\u002Fprivacy",[405,396,46,377,406,37],"11531031","strictpassword",[408,396,37,409,410,37],"11530126","commenter\u002Fneutral\u002Fnone","fencepost",[412,396,37,280,413,37],"11530534","tumblen",[415,31,46,276,416,37],"11531828","joshmn",[111,418,48,315,112,37],18,[420,418,38,305,60,37],"11534626",[102,18,48,315,103,37],[210,423,38,322,211,37],20,[425,423,38,282,60,37],"11531286",[427,428,46,309,312,37],"11529463",21,[430,428,38,431,432,37],"11529516","project\u002Fneutral\u002Fperformance","jessedhillon",[434,428,48,435,60,37],"11530361","maker\u002Fpositive\u002Fperformance",[437,428,48,315,60,37],"11530379",[240,439,37,280,241,37],22,[441,439,37,280,442,37],"11530170","CPLX",[444,439,37,280,445,37],"11530519","phonon",[447,439,48,393,60,37],"11530690",[98,32,48,315,99,37],[450,32,48,393,60,37],"11530640",[452,264,46,309,453,37],"11531498","toddh",[455,456,46,309,457,37],"11530816",25,"DonutATX",[],[460,465,470,475,480,483],{"id":461,"name":462,"points":463,"category":464},"11520378","Barnacl.es",382,"productivity",{"id":466,"name":467,"points":468,"category":469},"11509835","PodcastRank",367,"consumer_social",{"id":471,"name":472,"points":473,"category":474},"11517667","FIND",183,"infrastructure",{"id":476,"name":477,"points":478,"category":479},"11527156","BedquiltDB",145,"data",{"id":481,"name":482,"points":478,"category":469},"11527541","Simple 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