Every time you get paid, Lili can set aside a predefined percentage, of your choice, for your future taxes.
Opening and setup of a Tax Bucket:
- Web App: Main Screen > click on the Tax Bucket option in the Checking Account Balance window
- Mobile App: Main Screen > Business Tools tab (bottom right) > Tax Bucket section
Lili's platform will suggest a percentage based on your estimated income and expenses, or you can choose the percentage you’d like to set aside from each business income received (the deposits must be categorized as business income). The money set aside in the Tax Bucket remains available to you at all times.
- sign into Lili's app
- click on the Tax Bucket 'Manage' option in the Checking Account Balance window
- click on 'Modify Percentage'
- Follow the steps to change the percentage of a deposit saved to the tax bucket
Mobile App:
- or sign into Lili's app
- tap on the Business Tools tab at the bottom right
- scroll to your Tax Bucket
- tap on 'Manage'
- you’ll see the option called Modify Percentage. Choose it.
- Follow the steps to change the percentage of a deposit saved to the tax bucket
Note: the tax bucket feature is available to customers that have a Lili Premium, Lili Smart or Lili Pro plan.
Lili is a financial technology company, not a bank. Banking services are provided by Sunrise Banks, N.A., Member FDIC. The Lili Visa® Debit Card is issued by Sunrise Banks, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. The Card may be used everywhere Visa debit cards are accepted.
Wire Transfer services are provided by Column Bank N.A., Member FDIC. All wires are subject to acceptance criteria and risk-based review and may be rejected at the sole discretion of Column Bank N. A. or Lili App Inc.