Bolt, formerly Taxify, is another resource that riders and drivers can take advantage of to get around town and make money.
It is a ride-sharing service similar to Uber and Lyft, but there are a few key differences.
Today we’re going to focus on how it makes the lives of drivers and riders easier and how it keeps them safe.
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What Is Taxify Called Now?
Taxify is now called Bolt because decision-makers felt they had outgrown the Taxify brand.
They wanted to show drivers and riders that they stand by the future of electric transportation and will continue to work hard to provide the best experience possible.
What Is Bolt?
Bolt is a ride-sharing service that operates in more than 100 cities worldwide.
They are always expanding to new locations.
They offer a rider and driver app, making it easy for people to get around.
Bolt is also committed to safety, and they partner with Allianz insurance to protect riders during every ride.
What Is Taxify Tax Filing Software?
Taxify is a sales tax platform that helps businesses maintain their sales tax compliance through self-service software.
This software is available in select countries.
It works by automatically calculating what drivers need to pay in taxes.
It also helps drivers keep track of their earnings so they can stay organized.
Taxify is powered by Sovos Compliance, who have more than 35 years of experience in sales and use tax compliance.
Taxify was created to help business owners focus on their business, not on the administrative tasks of sales and tax compliance.
How Does It Work?
Let’s look into how Bolt and Taxify work.
Bolt provides multiple services to drivers and riders.
They offer a driver app, which makes it easy for drivers to find riders and get paid.
They also offer a rider app, which makes it easy for riders to find cars and pay for their ride.
Both apps are available on Android and iOS, so they’re accessible to everyone.
Ride-sharing services like Bolt are perfect for getting around town.
They’re cheaper and faster than traditional modes of transportation, and they’re more convenient than taking the bus or train.
Riders can use these services to get to their destinations quickly and easily, without having to worry about traffic or finding a parking spot.
Bolt also offers automobile rentals, e-scooter, and food delivery services in select locations.
Each service can be accessed through the app, so riders can get everything they need in one place.
Taxify Tax Filing
Taxify combines its award-winning software with a tax expert to help business owners maintain their sales tax compliance.
With Taxify, you don’t have to worry about the stress of sales tax compliance.
Their managed services team takes care of everything so that you can focus on your business.
Each customer will have a tax preparer assigned to their business who files and remits sales taxes on their behalf.
The software makes it simple to keep track of your sales and stay compliant along the way.
Where Can You Drive for Bolt?
Bolt services are available in the following countries:
- Czech Republic
- Poland Germany
- Georgia Slovakia
- United Kingdom
- United Republic of Tanzania
- South Africa
- Saudi Arabia
- Sri Lanka
Who Can Drive for Bolt?
Below are the driver and vehicle requirements for Bolt.
Driver Requirements by Country
While the requirements may differ per country, Bolt requires drivers to have a valid driver’s license.
They must also pass a background and motor vehicle record check.
Drivers are also required to attend driver training for service quality to provide excellent service to riders in select locations.
Vehicle Requirements by Country
Bolt requires vehicles to have at least four doors and four seats.
The car must be a sedan, hatchback, station wagon, liftback, minivan, or SUV.
It must have valid registration and be in good technical condition.
Last, the vehicle must be manufactured in 2000 or later.
How Much Do Bolt Drivers Make?
Curious as to how much a Bolt driver can make?
Contractors can earn as much or as little as they want.
Bolt charges drivers a 20% commission on all income.
Drivers make just as much as bank clerks, teachers, and customer service representatives.
According to Bolt, their drivers make on average $1,600 per month.
Aside from those rates, Bolt drivers can earn bonuses for good services, such as getting five-star ratings from riders and fulfilling requirements for specific bonus opportunities.
Do Bolt Drivers Make Tips?
Drivers can also earn tips from their riders.
Riders have the option to add a tip within the app, and they are encouraged to do so.
Tips add an additional income stream for drivers.
Suggested Read: How much to tip taxi drivers
How Much Does Taxify Cost?
Taxify offers four-tiered monthly plans for business owners.
The starter plan is $47 per month and is an excellent option for businesses with a low monthly budget.
The standard plan is $97 per month and offers more features for companies looking to scale their income.
The premium plan is $247 per month for businesses that need to manage complex sales tax compliance.
Finally, the enterprise plan is $497 per month and offers the most features of all the plans.
Let’s look at how Bolt compares to other rideshare companies.
Bolt vs. Uber
The Uber vs taxi debate has raged on for years, and it’s not slowing down any time soon.
The most significant difference between Bolt and Uber is that Bolt is more cost-efficient for the rider.
Bolt offers riders promotional codes that also give the driver a discount.
Riders are also able to tip their drivers in the app.
One difference for drivers is the commission charges.
Uber charges a 25 percent commission to Bolts 20 percent, which means drivers pocket more of their hard-earned money.
Bolt vs. InDriver
InDriver is the best alternative to Bolt and Uber because its fees are cheaper for longer rides.
This is mainly because InDriver lets drivers accept customized offers from riders.
InDriver also takes a lower commission from drivers—10 percent as opposed to the 20 percent.
Bolt vs. Airlift
Airlift is a good option for riders looking for an affordable yet high-quality ride.
Airlift charges customers fixed-rate rides on buses and vans in their coverage areas.
One interesting fact about Airlift is that it started as a self-funded startup with only $50,000.
Bolt vs. Lyft
Bolt is most similar to Lyft.
They are both ride-sharing apps that offer promotional codes and tips.
Lyft also takes a 20 percent commission from drivers.
The main difference is that Lyft operates in the United States and Canada, while Bolt operates in Europe and South Africa.
Let’s look at how Taxify compares to its competitors.
Taxify vs. TaxJar
Both Taxify and TaxJar offer free trials for business owners.
Taxify’s starter package is $47, and TaxJars is only $19.
Both companies work to help customers with their sales tax compliance.
However, Taxify is better for businesses with complex needs as it offers more features.
Taxify vs. Avalara
Avalara provides several services, such as sales tax automation, exemption certificate management, and more.
Customers rate Avalara highly for ease of use and features since they offer a wide range of services.
Taxify offers a more limited set of features but is still an affordable and efficient option for sales tax compliance.
Taxify vs. Free Agent
FreeAgent is cloud-based accounting software that freelancers and small businesses mainly use.
It offers invoicing, expense tracking, and many other features.
Taxify is not as comprehensive as FreeAgent, but it does offer the ability to track income and expenses.
FreeAgent only charges its customers $12 per month for the first six months and then $24 per month after that.
Taxify vs. TaxSlayer
TaxSlayer is a good option for businesses that need to file their taxes.
It offers several features, such as the ability to track expenses, mileage, and donations.
TaxSlayers starter package is only $22 compared to Taxify’s $47.
How to Sign Up for Bolt
Here are the steps to signing up for Bolt.
- Download the Bolt app and create an account.
- Input your email address, phone number, and pick the city you’d like to drive in.
- Upload a picture of your driver’s license and vehicle registration.
- Once you submit your application, Bolt will conduct a background check.
- If everything checks out, you will receive a notification Bolt letting you know you’ve been accepted.
The process of submitting your application will only take about five minutes.
In some cities, you will be required to take a 30-minute on-site training class.
If you are not required to complete an on-site training, you can be accepted as a Bolt driver once all the necessary documentation is received and approved.
How to Sign Up for Taxify
Here are the steps to signing up for Taxify.
- Click on “Free Trial.”
- Input your name, email, company name, and phone number.
- Click on “Start My Trial.”
A credit card is not required for the free trial.
You will have access to all of Taxify’s features during the free trial.
Taxify and Bolt offer promotional codes, tips, and commission rates that are more affordable than their competitors.
Taxify is a great addon for Bolt because it provides helpful features for complex business needs.
Riders can enjoy cheaper and more reliable rides with Bolt while saving money and time.
Drivers can make more money with Bolt by receiving tips and pocketing more of their money.
All in all, Taxify and Bolt provide an efficient and affordable option for sales tax compliance.