Digital bookkeeping and tax advisory platform Bench recently announced a partnership with Wealth Factory, a provider of personal financial education and implementation programs for entrepreneurs and small business owners.
“Wealth Factory customers now have an automated, full service bookkeeping solution that will help them stay on top of their finances and make data-driven decisions to help their business thrive,” JP Durrios, CEO of Bench, explained.
Wealth Factory provides financial tools, strategies, and resources “small business owners need to reach their financial goals without cutting back.” The Salt Lake City firm offers a range of courses and programs that cover tax reduction strategies, wealth creation, asset protection, and cash flow optimization “so small business owners can create a lasting financial legacy,” according to a statement from the company.
“[This partnership is a] game-changer for small business owners looking to simplify their finances and reach economic independence,” believes Mathieu Silverstein, Head of Growth at Wealth Factory.
Through the collaboration, any small business owner in the program can sign up for Bench’s bookkeeping solution from their dashboard, giving entrepreneurs access to Bench’s real-time financial insights plus full-service bookkeeping, advisory, tax-filing support, and “peace of mind during tax season.”
“We’re excited to leverage Bench’s Account Creation API directly in our members area, making it dead simple for entrepreneurs to upgrade their business finances, while they’re working with Wealth Factory on the personal finance side,” added Silverstein.
“Together, Bench and Wealth Factory are empowering entrepreneurs and small business owners to keep more of the money they make through significant time savings, financial literacy, tax optimization, and overall business success,” stated Dan Weckend, Vice President of Partnerships at Bench.
Bench was founded in Vancouver in 2012 and has raised considerable funding.
“We’re now delivering actionable day-to-day insights to our customers,” Prasad Sristi, VP of Product at Bench, stated in January. “This gives Bench customers a serious competitive advantage as to how they control their business finances. Real-time financial insights and unlimited access to professional bookkeepers is what truly sets Bench apart.”