Lyft and Everlance Partner to Provide Tax Savings to Drivers
Lyft and Everlance have announced a strategic partnership aimed at providing tax savings to rideshare drivers. Everlance, a leader in mobile worker tools, will offer exclusive discounts on its Premium products to Lyft drivers through the Lyft driver rewards program. All Lyft drivers will receive a 20% discount on Everlance Premium, with potential for deeper discounts based on their driver tier.
This integration gives drivers access to Everlance's top-rated mileage tracking and expense logging features, enabling them to maximize earnings and tax deductions. Everlance has already helped over 3 million drivers, including more than 175,000 Lyft drivers, track their miles and expenses automatically. Using Everlance, the typical Lyft driver can increase their take-home pay by 8-15% through maximized tax deductions.
Lyft ed Everlance hanno annunciato una partnership strategica mirata a fornire risparmi fiscali ai conducenti di rideshare. Everlance, leader negli strumenti per lavoratori mobili, offrirà sconti esclusivi sui suoi prodotti Premium ai conducenti Lyft attraverso il programma di premi per i conducenti Lyft. Tutti i conducenti Lyft riceveranno uno sconto del 20% su Everlance Premium, con la possibilità di sconti maggiori in base al loro livello di guida.
Questa integrazione offre ai conducenti accesso alle funzionalità di monitoraggio delle distanze e registrazione delle spese più apprezzate di Everlance, consentendo loro di massimizzare i guadagni e le detrazioni fiscali. Everlance ha già aiutato oltre 3 milioni di conducenti, inclusi più di 175.000 conducenti Lyft, a tracciare automaticamente i loro percorsi e le loro spese. Utilizzando Everlance, il tipico conducente Lyft può aumentare il proprio stipendio netto del 8-15% attraverso detrazioni fiscali ottimizzate.
Lyft y Everlance han anunciado una asociación estratégica con el objetivo de proporcionar ahorros fiscales a los conductores de rideshare. Everlance, un líder en herramientas para trabajadores móviles, ofrecerá descuentos exclusivos en sus productos Premium a los conductores de Lyft a través del programa de recompensas para conductores de Lyft. Todos los conductores de Lyft recibirán un 20% de descuento en Everlance Premium, con la posibilidad de descuentos aún mayores según su nivel de conducción.
Esta integración brinda a los conductores acceso a las mejores funciones de seguimiento de millas y registro de gastos de Everlance, permitiéndoles maximizar sus ganancias y deducciones fiscales. Everlance ya ha ayudado a más de 3 millones de conductores, incluidos más de 175,000 conductores de Lyft, a rastrear automáticamente sus millas y gastos. Usando Everlance, el conductor típico de Lyft puede aumentar su salario neto en un 8-15% a través de deducciones fiscales maximizadas.
Lyft와 Everlance는 라이드쉐어 드라이버에게 세금 절감을 제공하기 위한 전략적 파트너십을 발표했습니다. Everlance는 모바일 워커 도구의 선두주자로, Lyft 드라이버를 위해 Lyft 드라이버 보상 프로그램을 통해 자사의 프리미엄 제품에 대한 독점 할인을 제공할 것입니다. 모든 Lyft 드라이버는 Everlance 프리미엄에 대해 20% 할인을 받게 되며, 드라이버 등급에 따라 더 깊은 할인도 적용될 수 있습니다.
이 통합 시스템은 드라이버에게 Everlance의 최고 평가받는 마일리지 및 비용 기록 기능에 접근할 수 있게 하여, 그들이 수익과 세금 공제를 극대화할 수 있도록 도와줍니다. Everlance는 이미 300만 명 이상의 드라이버, 그 중 175,000명 이상의 Lyft 드라이버가 자신의 마일과 비용을 자동으로 추적하도록 도왔습니다. Everlance를 사용하면 일반적인 Lyft 드라이버는 세금 공제를 극대화하여 8-15% 만큼의 수익을 증가시킬 수 있습니다.
Lyft et Everlance ont annoncé un partenariat stratégique visant à offrir des économies fiscales aux conducteurs de services de covoiturage. Everlance, un leader dans le domaine des outils pour travailleurs mobiles, proposera des réductions exclusives sur ses produits Premium aux conducteurs de Lyft via le programme de récompense des conducteurs Lyft. Tous les conducteurs Lyft bénéficieront d'une réduction de 20% sur Everlance Premium, avec la possibilité de remises plus importantes en fonction de leur niveau de conduite.
Cette intégration permet aux conducteurs d'accéder aux fonctionnalités de suivi des kilométrages et d'enregistrement des dépenses les mieux notées d'Everlance, leur permettant ainsi de maximiser leurs gains et déductions fiscales. Everlance a déjà aidé plus de 3 millions de conducteurs, dont plus de 175 000 conducteurs Lyft, à suivre automatiquement leurs kilomètres et dépenses. En utilisant Everlance, le conducteur moyen de Lyft peut augmenter son salaire net de 8-15% grâce à une maximisation des déductions fiscales.
Lyft und Everlance haben eine strategische Partnerschaft angekündigt, die darauf abzielt, Steuerersparnisse für Fahrgemeinschaftsfahrer bereitzustellen. Everlance, ein führender Anbieter von Tools für mobile Arbeiter, wird Fahrern von Lyft über das Lyft-Fahrerprämienprogramm exklusive Rabatte auf seine Premium-Produkte anbieten. Alle Lyft-Fahrer erhalten einen 20% Rabatt auf Everlance Premium, mit der Möglichkeit für größere Rabatte, die auf ihrer Fahrer-Rangfolge basieren.
Diese Integration ermöglicht es Fahrern, auf die hoch bewerteten Funktionen zur Verfolgung von Fahrten und Ausgaben von Everlance zuzugreifen, sodass sie ihre Einnahmen und Steuerabzüge maximieren können. Everlance hat bereits über 3 Millionen Fahrern, darunter mehr als 175.000 Lyft-Fahrer, geholfen, ihre Kilometer und Ausgaben automatisch zu verfolgen. Durch die Nutzung von Everlance kann der typische Lyft-Fahrer sein Netto-Einkommen um 8-15% durch maximierte Steuerabzüge erhöhen.
- Lyft drivers receive a 20% discount on Everlance Premium products
- Partnership aims to increase drivers' take-home pay by 8-15% through maximized tax deductions
- Integration of Everlance into Lyft's driver rewards program enhances financial management tools for drivers
- None.
Insights
This partnership between Lyft and Everlance represents a strategic move to enhance driver retention and satisfaction, potentially impacting Lyft's operational efficiency and bottom line. While the immediate financial impact may be , the long-term implications could be significant:
- Driver Retention: By offering tax-saving tools, Lyft may improve driver loyalty and reduce churn, a critical factor in the competitive ride-sharing market.
- Operational Efficiency: Helping drivers maximize their earnings through tax savings could lead to increased driver availability and satisfaction, potentially improving Lyft's service quality and market position.
- Revenue Implications: While Lyft is offering discounts on Everlance's products, the partnership may lead to increased driver activity, potentially offsetting any revenue sharing with Everlance.
- Competitive Advantage: This move could differentiate Lyft from competitors, attracting more drivers to their platform and potentially impacting market share.
From an investor's perspective, this partnership signals Lyft's commitment to driver support and operational improvement. However, the financial impact will likely be gradual and may not significantly affect short-term earnings. Investors should monitor driver satisfaction metrics and retention rates in upcoming quarters to gauge the partnership's success.
The Lyft-Everlance partnership introduces a valuable tax optimization tool for ride-share drivers, potentially yielding significant financial benefits:
- Tax Deduction Maximization: Everlance's mileage tracking and expense logging features can help drivers capture all eligible deductions, potentially reducing their taxable income substantially.
- Earnings Impact: The claim that drivers can increase take-home pay by
8-15% through maximized deductions is noteworthy. This could translate to hundreds or even thousands of dollars annually for active drivers. - Compliance and Accuracy: Automated tracking can improve the accuracy of tax reporting, potentially reducing the risk of audits and ensuring drivers claim all entitled deductions.
- Financial Literacy: This partnership may indirectly improve drivers' financial management skills, leading to better overall financial health.
However, it's important to note that the actual benefit will vary based on individual circumstances, such as driving frequency, expenses and tax bracket. Drivers should consult with a tax professional to fully understand their specific situation. From a broader perspective, this initiative could lead to more accurate reporting of gig economy income, potentially impacting tax revenue collection in this sector.
This collaboration involves Everlance, an industry leader in providing tools for mobile workers, and Lyft (NASDAQ: LYFT), one of the largest transportation networks in
"At Everlance, we are dedicated to providing drivers with the tools they need to manage their finances effectively," said Everlance Co-Founder and CEO, Alex Marlantes. "We've always admired Lyft's customer-obsessed approach, and this partnership allows us to extend our reach and offer even greater value to the driver community. We're excited to see the positive impact this will have on drivers' financial well-being."
As part of this partnership, Everlance is now integrated into the Lyft driver rewards program, a significant enhancement for drivers. All Lyft drivers will receive a
"We are thrilled to partner with Everlance to bring drivers an easy-to-use solution for tracking expenses and maximizing their take-home pay," said Jeremy Bird, EVP of Driver Experience at Lyft. "This partnership aligns with our commitment to supporting drivers and helping them succeed on the Lyft platform."
Everlance has already helped over 3 million drivers automatically track their miles and expenses, including more than 175,000 Lyft drivers. Using Everlance, the typical Lyft driver can increase their take-home pay between 8
Drivers can start taking advantage of these benefits immediately by visiting www.everlance.com/lyft, or https://www.lyft.com/drive/tax-center
About Lyft:
Lyft is one of the largest transportation networks in
About Everlance:
Everlance is a top-rated mileage and expense tracking app designed to help self-employed individuals and businesses save money and time. With over 3 million users, Everlance offers an automatic, accurate, and easy-to-use solution for tracking miles and expenses, ensuring users maximize their tax deductions and take-home pay.
Contact Information:
Brad Thibeau
Head of Partnerships
Email: Brad@Everlance.com
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SOURCE Everlance
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