Startup Idea: Mobile App for Organizing and Categorizing Receipts for Tax Purpose
I do my own taxes each year for my wife and I with a lot of deductions for us both. I work contract/free-lance and have a ton of physical receipts to go through each year, making stacks in various categories for the previous years purchases. I know I can get all these images scanned in come tax time each year, but I envision a solution where I can simply use my mobile phone throughout the year to take pics of receipts/purchases, then easily assign each one to a category (work exp, RX, electronics, software, food, gas, etc.) and then add up the totals from the software/app later. Basically, its a piece of software that lets you tag and categorize images for business and personal use, with a slant on helping a user do their taxes.
I would use software or better yet a mobile app, and even pay for it, if the solution was elegant, seamless and easy to dive into. There has got to be a better way to organize yearly receipts and purchases than using the paper versions.
BONUS for: using OCR tech to pre-populate a spreadsheet (or built in expense table) so that a user only has to "verify" totals in receipts. Tie in to popular tax software apps like HR Block, Turbo Tax.