Development of a Mobile Expense Tracking Solution for Gig Economy Workers

Gig workers in the logistics, delivery, and ridesharing industries face difficulties in accurately tracking expenses such as fuel, mileage, and vehicle maintenance. This leads to missed tax deductions and inefficient financial management, ultimately reducing their potential earnings and complicating tax filing processes.

A mid-sized platform that connects gig workers such as couriers, delivery drivers, and ride-share operators with users needing flexible transportation and delivery services.

• Develop a cross-platform mobile application to simplify tracking of income and expenses for gig workers.
• Enable automatic and manual recording of expenditures such as fuel, maintenance, and mileage.
• Generate comprehensive and compliant expense reports tailored for personal income tax filing in Canada.
• Maximize gig workers' tax benefits by ensuring accurate and complete financial records.
• Improve user experience with an intuitive, aesthetic interface that encourages consistent usage.

• Cross-platform mobile app for iOS and Android devices.
• Automatic expense tracking via GPS and usage sensors (where applicable).
• Manual input options for expenses such as gas, maintenance, and mileage.
• Generation of detailed, tax-compliant expense reports for Canadian tax authorities.
• Secure data storage and user authentication.
• In-app notifications and reminders to maintain consistent record keeping.
• Data export functionalities compatible with tax filing software.

• GPS/location services for automatic mileage recording.
• Tax reporting standards and specifications for Canadian personal income tax.
• Possible integration with payment platforms or vehicle data APIs (if applicable).

• High scalability to accommodate increasing user base.
• Data security and compliance with privacy standards for personal financial information.
• Reliable performance with minimal latency for real-time expense tracking.
• Application uptime of 99.9% to ensure continuous availability.

The development of this expense tracking application is expected to significantly improve gig workers' ability to accurately record their expenses, leading to an estimated increase in tax deduction claims and total earnings. By enabling comprehensive and compliant financial reporting, the solution aims to maximize tax benefits for users and streamline their tax filing process, enhancing overall financial well-being and operational efficiency.