What is Flyfin tax?
FlyFin is an AI-driven tax service for self-employed individuals that uses artificial intelligence to find every possible tax deduction for the user. The system can automatically scan for every possible tax deduction based on users’ expenses and eliminate 95% of the user’s work. The service is trusted by more than 100,000 freelancers and employs expert tax CPAs to file 1099 state and federal tax returns. The tax team has a combined 250 years of experience in all aspects of US taxes, and they ensure a 100% accurate tax review, preparation, and filing. By using FlyFin, users can expect to save 10-30% more on their taxes on average.Users can sign up and link their accounts securely, after which the AI system will find every possible tax deduction. Users can then either accept or reject the deductions, or ask a CPA to evaluate them. The service provides users with an industry-leading, in-depth tax report prepared by CPAs and powered by AI, which makes it impossible to miss any deductions. The service offers three plans: Basic, Standard, and Premium, and users can try FlyFin free for seven days and cancel anytime. The Premium plan offers all tax filings with a CPA, including tax audit insurance and unlimited CPA advice. The platform also offers the world’s most accurate quarterly tax calculator, based on income and deductions.
Pros
- Finds every possible deduction
- Operates automatically
- Team of expert CPAs
- Offers 100% accurate tax reviews
- Trusted by 100K+ freelancers
- In-depth tax reports
- 250 years of tax expertise
- Saves 10-30% on taxes
- Expenses and deductions scan
- Audit insurance
- Unlimited CPA advice
- Supports all entities filings
- User friendly
- Accurate quarterly tax calculator
- Able to securely link accounts
- Offering three distinct plans
- Free seven day trial
- Mobile use available
- Reviews deductions on the go
- Always ready to file taxes
- Data can be exported
- Deductions tracking service
- Automated bookkeeping feature
- 24/7 expense tracking
- 24 hour CPA response time
- Files 1099 forms
- Automates tax deductions
- Home office expenses claimed
Cons
- Limited to self-employed individuals
- No real-time customer support
- Plans are expensive
- No dedicated mobile app
- No support for corporate entities
- Limited financial institution support
- Additional fees for tax filing
- Limited CPA accessibility at basic and standard plans
- Lacks offline functionality
Flyfin tax FAQ
What is FlyFin?
FlyFin is an Artificial Intelligence-powered tax service specifically designed for freelancers and self-employed individuals. By automatically scanning users' expenses for every possible tax deduction, FlyFin eliminates 95% of user's work, saving them time while increasing their tax savings. Users are supported by a tax team with 250 years of combined experience in U.S. tax aspects, ensuring 100% accurate tax preparation and filing. Besides finding tax deductions, FlyFin also offers a quarterly tax calculator and allows users to file their taxes directly through the service.
How does FlyFin find tax deductions?
FlyFin employs Artificial Intelligence algorithms to scan through users' expenses and automatically detect tax deductions. Once a user signs up and securely links their account, the AI begins its scan for deductions. It operates 24/7 and notes deductions each time an expense occurs. Every possible deduction is detected, drastically reducing the user's work and potential for error.
What kind of taxes can be filed with FlyFin?
FlyFin facilitates the filing of 1099 state and federal tax returns. Supported by a team of expert tax CPAs, the process is focused on accuracy and efficiency. It provides users with an in-depth tax report, which is prepared by CPAs and powered by artificial intelligence.
What level of experience does the FlyFin tax team have?
FlyFin's tax team boasts a cumulative experience of 250 years in all facets of U.S. taxes. This broad and deep knowledge ensures accurate tax review, preparation, and filing for its users.
What is the average tax savings users can expect with FlyFin?
FlyFin users can anticipate saving 10-30% more on taxes on average. The artificial intelligence technology identifies every possible tax deduction from the user's expenses, therefore, maximizing their savings. In terms of figures, freelancers typically save an average of $3,700 extra.
How do I sign up with FlyFin?
To use FlyFin, users can sign up and securely link their expense accounts. The platform supports over 2000 financial institutions so users can easily connect their accounts and let FlyFin take care of the rest. This initiates the process of automated deduction tracking.
What are the steps involved in using FlyFin?
The process of using FlyFin includes: sign up and secure account linking, AI-driven detection of every possible tax deduction, and the option to either accept or reject deductions. Users can also ask a FlyFin CPA to evaluate them. Once deductions are final, users receive an industry-leading comprehensive tax report. Users can then decide to use FlyFin's CPA services to file their taxes or export the data to file taxes elsewhere.
How secure is my data with FlyFin?
FlyFin prioritizes the security of user data. When users link their accounts, they only grant permission for FlyFin to 'read' their account statements and expenses. No charges can be made under this arrangement. In addition, the exact details of FlyFin's data security measures can be found in its Security section on their website.
