Banking Clever is crafted to keep you updated on your taxes, eliminating the risk of facing a hefty tax bill at the year's end.
Our system dynamically adjusts your tax rates based on your earnings and claimed deductions throughout the year, ensuring a personalized approach rather than a fixed, arbitrary percentage like 55%. To operate effectively, the system relies on accurate information, especially regarding any earnings before joining Banking Clever.
No. We promptly process your payments each time you receive them. Once funds reach your Banking Clever Account, we instantly calculate, deduct, and transfer your taxes directly to the IRAS. Track these payments by accessing your IRAS account through your myGov account.
No, invoicing through Banking Clever is entirely optional.
While the Banking Clever app offers a quick and easy way to invoice clients, you have the flexibility to use other invoicing software or even opt not to invoice. Simply ensure that your Banking Clever Account number is linked to your payment services and included on your invoices. The choice is yours in running your business!
How it works
01
Join Banking Clever, and have all of your freelance income paid into your new Banking Clever Account
02
That's all there is to it! Whenever funds hit your account, we'll promptly calculate, deduct, and process all your taxes, ensuring you receive your rightful earnings without delay. The money we transfer to you is entirely yours to keep!
03
As part of our service, we also handle the free lodging of all your tax returns when they come due. Additionally, we'll take the initiative to follow up on any outstanding invoices if your clients are tardy in their payments.
Ready to embark on your Banking Clever journey?
Getting started is a breeze and only takes a few minutes!
Need some extra guidance? Explore our handy guide, designed to have you up and running in just three straightforward steps.
Our fee structure involves a 1% +GST charge on income deposited into your Banking Clever Account.
With this fee, you gain complete access to the Banking Clever service, free from joining fees or subscription costs. We don't bill you hourly for answering queries, managing expense receipts, or filing tax returns—ensuring you always pay a fair price, only when you're earning.
Here's a breakdown of our pricing:
You're charged just $1+ GST for every $100 in self-employed income.
The Banking Clever 1% fee is capped at a maximum of $1,500 per year.
If you receive individual payments under $50, a minimum fee of $0.50 per payment applies.
We automatically categorize your Banking Clever fees as a business expense on your behalf.
Freelancers - join Banking Clever today!
Sign up now - you’ll never worry about your tax payout again!
Complete the quick application form to register on the platform
Thank you for leaving a request! We are very happy that you chose us. You will receive a message about account activation within an hour. Please, if you didn't receive it, write to this email - [email protected]
