Accounting & BookkeepingTax Preparation & Strategy3MediumSolo Owner$ implied

A sole proprietor struggles to fill out Schedule C tax form due to confusing IRS terminology and fear of costly errors.

Existing tax software (e.g., TurboTax) is complex for sole proprietors with side hustles; the IRS instructions are unclear for small business owners.

Opp. Score

Severity

3Medium

Willingness to Pay

implied

Added

Jun 7, 2026

Implied Software Gaps

A tax prep tool that explains IRS forms in plain language and auto-fills from transaction data.

App Concept

SideHustleTax

A simplified tax filing tool for sole proprietors with side hustles. It uses plain language interviews to auto-fill Schedule C, explains terms like 'cost of goods sold' with examples, and calculates estimated taxes to avoid surprises.

Key Features

Plain language interview for Schedule C
Auto-calculates cost of goods sold from purchase receipts
Estimated tax payment warnings and projections
Import from PayPal, Stripe, and Etsy transactions

Target Users: Sole proprietors in e-commerce side hustles (e.g., selling on Etsy, Amazon, eBay) with less than $100k annual revenue.

Revenue Model: $19.99 one-time per tax season or $49.99/year subscription with quarterly estimated tax support

Part of App Idea

ScheduleC Simplifier

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