Liubov Shilkova is a tax professional on a mission. Leveraging her extensive experience and qualifications in finance and taxation, Shilkova has established TAX IQ Connect, an innovative initiative designed to democratize access to financial knowledge and resources. The centerpiece of this initiative is the TAX IQ mobile app, a user-friendly platform empowering individuals with the tools and guidance to navigate the complexities of tax filing and financial management. With over 17,000 downloads already on the App Store, TAX IQ is gaining traction and demonstrating its value to users.

A Passion for Finance and Empowering Others

Shilkova’s journey exemplifies dedication and a thirst for knowledge. Her academic achievements, including a Master of Science in Taxation, a Master of Science in Finance, and a Bachelor of Science in Economics, coupled with her Enrolled Agent and CTEC licenses, serve as a testament to her expertise. Further bolstering her credentials is international work experience with leading multinational corporations.

However, Shilkova’s ambitions extend beyond personal success. Throughout her career, she actively volunteered as a tax preparer for underserved communities through programs like VITA and Tax-Aid. Witnessing the challenges faced by these individuals ignited a spark, ultimately leading to the creation of TAX IQ.

TAX IQ: Democratizing Financial Literacy through Technology

TAX IQ Connect harnesses the power of technology to bridge the gap in financial literacy. The TAX IQ mobile app, available on both iOS and Android platforms, offers a comprehensive suite of features designed to cater to a diverse range of users:

• Individual entrepreneurs

• Low-income and vulnerable citizen groups

• Small, medium-sized, and large businesses

• Investors

• Existing tax and finance consulting businesses

• Individuals seeking help with their taxes and aiming to enhance their knowledge in taxation and finance

• Businesses interested in technology development, machine learning, and AI implementation in their processes

The app boasts a user-friendly interface, making it accessible to individuals of all technical backgrounds. Here’s a glimpse into the valuable functionalities TAX IQ offers:

• Educational Resources: The app provides a wealth of educational materials covering various tax topics, financial management strategies, and budgeting techniques. Users can explore guides, tutorials, and articles to gain a deeper understanding of personal finance and taxation.

• Expert Insights: TAX IQ offers valuable insights and analysis on current tax laws, regulatory updates, and industry trends. Users can stay informed about changes in tax legislation and receive guidance from seasoned tax professionals like Shilkova herself.

• Personalized AI Chat Support (Coming Soon): The upcoming addition of AI chat support will allow users to receive real-time assistance and personalized guidance on tax-related queries.

• Premium Subscription Model: TAX IQ offers a premium subscription plan for users seeking additional benefits and features. Subscribers gain exclusive access to a vast library of written materials, subscription-based tax news services, video lectures, seminars, and workshops covering a wide range of tax-related subjects.

• Tax Calendar: The app features a built-in tax calendar, helping users stay organized and on top of important tax deadlines. Users can access a customizable calendar highlighting key dates for filing tax returns, making estimated tax payments, and meeting other tax obligations.

• Tax Quiz: Designed to make learning fun and engaging, the TAX IQ app includes a tax quiz feature. Users can test their understanding of tax laws, regulations, deductions, and other important concepts in a gamified format.

Beyond the App: Social Impact and Financial Inclusion

The TAX IQ initiative goes beyond offering a mobile application. Shilkova is deeply committed to its social impact, particularly its role in promoting financial inclusion and empowering underserved communities.

Financial literacy is a cornerstone of economic stability and well-being. By equipping individuals with the knowledge and tools to manage their finances effectively, TAX IQ empowers them to make informed financial decisions, build wealth, and achieve their long-term goals. Additionally, the app’s focus on low-income individuals and immigrants addresses a critical gap in financial literacy resources, fostering a more equitable financial landscape.

A Vision for the Future: Innovation and Expansion

Shilkova envisions TAX IQ as a leading platform for financial literacy and tax assistance, serving a global community of users. Her aspirations include:

• Expansion: Reaching a wider audience, particularly underserved communities, both domestically and internationally.

• Innovation: Continuously incorporating cutting-edge technologies like AI and machine learning to personalize user experiences and offer advanced functionalities.

• Collaboration: Fostering partnerships with organizations, institutions, and governments to amplify the impact of TAX IQ and create synergies in advancing financial literacy and inclusion.

• Empowerment: Ultimately, Shilkova’s vision is to empower individuals to take control of their financial futures, creating a society where financial literacy is accessible to all.

Building a Meaningful Impact Business

Shilkova’s journey is an inspiration for aspiring entrepreneurs. Her success is not solely measured by financial gain, but rather by the positive impact she is creating. She embodies the true essence of a “meaningful impact business,” a venture that prioritizes social good and empowers others.

A Track Record of Excellence and Innovation

Shilkova’s impressive background is not without its share of notable achievements. Her involvement in launching projects like Yandex Taxi, a leader in self-driving technology, showcases her ability to innovate and contribute to advancements within the tech industry.

Through process automation, she has demonstrably saved companies significant costs, highlighting her problem-solving skills and keen eye for efficiency. Her leadership qualities are further evidenced by her time at MTS, where she led a successful team and garnered recognition for her contributions to departmental development.

Shilkova’s commitment to continuous learning is another key factor in her success. Her active participation in training programs and dedication to staying abreast of evolving tax laws and regulations demonstrate her drive for excellence and her desire to provide exceptional service to her clients.

Furthermore, her outstanding editorial work and published papers in the prestigious Contemporary Tax Journal solidify her expertise and influence within the field of taxation and finance.

Overcoming Challenges and Embracing Resourcefulness

Shilkova’s journey is not without its challenges. Her experience volunteering as a tax preparer for low-income individuals at Tax-Aid offers a compelling example of her ability to overcome obstacles and make a real difference in people’s lives.

One client, a single parent facing prior-year tax filing issues and unresolved liabilities, presented a particularly complex situation. Shilkova’s approach involved meticulous record reconstruction, leveraging her knowledge of tax laws to identify potential deductions and credits that could minimize the client’s financial burden. Additionally, she advocated on the client’s behalf and provided guidance on navigating the complexities of resolving tax debts and penalties.

Through her dedication, resourcefulness, and unwavering support, Shilkova successfully helped the client rectify their tax situation and regain financial stability. This experience underscores her empathy, problem-solving skills, and commitment to empowering others, particularly those facing financial hardship.

Lessons Learned and Shared

Shilkova’s experiences offer valuable lessons for aspiring entrepreneurs and individuals seeking to navigate the complexities of finance:

• Passion and Perseverance: Pursue your goals with unwavering dedication. Challenges and setbacks are inevitable, but unwavering commitment can pave the path to success.

• Continuous Learning: Embrace lifelong learning and professional development. Education and skill enhancement are essential for personal growth and career advancement.

• Empathy and Community Service: Cultivate empathy and compassion for others. Contributing to your community through volunteer work or social initiatives fosters a sense of purpose and creates positive change.

• Innovation and Problem-Solving: Approach challenges with a solution-oriented mindset. Embrace innovation and utilize technology to find effective solutions.

• Resilience and Adaptability: Develop the ability to navigate life’s uncertainties with resilience and adaptability. Flexibility and the ability to adjust to changing circumstances are crucial for overcoming obstacles and achieving long-term success.

• Leadership and Collaboration: Develop effective leadership skills and foster collaboration within diverse teams. Teamwork, communication, and collaboration are essential drivers of collective success.

• Financial Literacy and Empowerment: Prioritize financial literacy. Equip yourself with the knowledge and skills to make informed financial decisions. Understanding financial principles and practices is fundamental to achieving financial stability and security.

Conclusion: A Force for Financial Literacy and Social Good

Liubov Shilkova is a tax professional with a mission. Through her expertise, dedication, and innovative approach, she is revolutionizing the way individuals access financial literacy and tax support. TAX IQ Connect is not just a mobile app; it’s a movement empowering individuals, fostering financial inclusion, and building a society where financial knowledge is a right, not a privilege. Shilkova’s story is a testament to the power of passion, innovation, and social responsibility, inspiring others to create meaningful change in the world.

Published by: Nelly Chavez