Abound

Abound operates in the financial services sector, focusing on the independent economy by providing a suite of APIs that automate tax services for self-employed earners. The company addresses the complexities introduced by changes in 1099 reporting laws, offering solutions that simplify tax withholdings and filings. Abound's business model revolves around partnering with businesses that serve independent workers, enabling them to streamline their financial operations and reduce the risk of penalties. By integrating Abound's APIs, companies can enhance their user experience while maintaining data security and compliance. The platform supports the principle of least privilege, allowing tax teams to manage forms and verifications without direct interaction, thus safeguarding sensitive information. Abound generates revenue by offering its API services to businesses that require efficient tax management solutions for their independent contractors. The company serves a niche market of businesses and individuals navigating the complexities of the gig economy, providing them with tools to manage their financial obligations effectively. Keywords: APIs, tax services, 1099 economy, self-employed, financial operations, data security, compliance, independent workers, gig economy, tax management.