IDG Contributor Network: Quick take: Xero introduces TaxTouch

What: Cloud-based accounting software vendor Xero is launching a U.S.-specific product aimed squarely at workers in the freelance economy. Xero TaxTouch is, according to the release:  

"...a new app developed specifically for anyone who submits a Schedule C form with their tax filings. An Easy Way to Track Income and Tax Liabilities Xero TaxTouch app allows a user to automatically download bank and credit card transactions from major U.S. banks and credit cards, and provides an easy way to track business expenses and maximize business tax deductions."

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