Qapital Sponsored NYC Event: Emerging Artist Rahm-Bow

rahm bow - faces in placesWhen you’re an artist, there are a lot of variables that go into becoming successful. Some of these things are out of your control, like talent and skill, but there are others you can strive for, like schooling and connections to the movers and shakers in the scene.

If you’re like Rahmeik Bowen, a visual artist and student at The New School, you show your work online and share it with tastemakers all over the world.

rahm-bow is Bowen’s Tumblr site, where he posts his new work to thousands of followers. We spoke to Bowen about how he’s preparing for at his first show since moving to New York and how he uses Qapital to save money.

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Freelancers Rule: Qapital Makes Saving for Taxes Automatic (Finally!)

Freelancer - twitter post

Caught short paying the IRS? Never get blindsided by taxes again.

Qapital, the banking app that lets you save according to you everyday habits, now has a new functionality that lets you automatically put aside money for your annual or quarterly estimated taxes without breaking a sweat. We call it the Freelancer Rule.

Here’s the thing.  Life as a freelancer can be pretty great. You’re your own boss. The hours are flexible. And best of all, relief from (most) office politics. The downside? Taxes. If you’re a freelancer, there’s nothing worse than an unexpected bill from the IRS.

A better tax solution for an evolving workforce

The American workforce is changing. By 2020, independent contractors will comprise 40% of the workforce by, according to a recent study by Intuit. According to the New York Times, the self-employed economy, approximately 53 million Americans, is being fueled by young professionals. In the U.S., 38% of Americans under the age of 35 presently work as freelancers. 

At Qapital, we believe this growing workforce deserves a better way to  manage the responsibility that comes with being part of the freelance economy. The Freelancer Rule is innovative and mobile to align with the we work now.

How the Freelancer Rule Works

Freelancer-rule

Here’s how our  simple solution helps freelancers and independent workers stay on top of their taxes and avoid trouble with the IRS.

1. Connect your regular bank. Download the Qapital app and connect your checking account to an FDIC-insured Qapital account. We integrate with nearly 20,000 banks in the U.S.

2. Set a percentage. Choose the income percentage you’d like to set aside. For example, if you want to put aside a third of your income for your taxes, set the Freelancer Rule to 30%. 

3. Sit back and relax. Qapital’s free app will automatically transfer that amount out of every deposit over $100 into your FDIC-insured Qapital account.

4. When you’re ready to pay your taxes. Simply transfer that money back into your checking account to pay the IRS. Need to take it out before? You have full access to your Qapital account, whenever you need it.

Try Qapital

Whether you work with an accountant or file yourself, the Freelancer Rule will become the easiest part of your life as an independent contractor.

Download the app now Sign up now.

Already use Qapital? Click here to set up the Freelancer Rule.

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Take The 52 Week Challenge, With a Qapital Twist

52-week-money-challenge

We’ve revolutionized the 52 week challenge. For those of you who haven’t heard of the challenge, it’s a strategy that helps you save nearly $1,400 over the course of a year. 

Here’s how it works:  During the first week of the challenge, you save $1. During the second week, you save $2. You keep adding a dollar each week so that during the last week, you’re putting away $52.

This adds up to $1,378.

Here at Qapital, we were interested in how we could remove some of the behavioral obstacles that can make completing this challenge, well, a challenge. We think our app, which uses Rules (unique, automated savings strategies, triggered by your everyday habits), can make all the difference in getting you to the finish line.

Here’s how to get started:

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Qapital: We Support Your Bank

Qapital now supports more than 20.000 banks!

Qapital supports your bank! Our recent integration with software giant Intuit means that our app now works with nearly 20,000 U.S. banks, credit unions and community banks. Got a bank-affiliated credit card? We support those too. Read the full press release here.

Whether you choose to do your checking with HSBC or bank online with Simple, you’ll be able to download Qapital, set a goal and start saving for all the things you want to do in life.

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