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Latest Version Of FlyFin’s 1099 Tax Calculator Is Now Available For Freelancers & Business Owners

Introduction

FlyFin, the industry leader in artificial intelligence (AI) tax preparation and filing services, has launched an upgraded version of its 1099 Tax Calculator. The revised calculator provides freelancers, and small company owners access to more features and information. One of these features allows users to determine the number of deduction categories appropriate to their particular circumstance involving self-employment. Users can acquire an exact calculation of the amount they may claim in tax deductions by using the enhanced FlyFin 1099 Tax Calculator. It enables users to make better decisions for reducing their tax liability, such as that outlined in Schedule SE, which allows them to save more money. This tool may provide taxpayers with deeper insights and more information, thanks to the extensive information collection it does.

FlyFin’s New Tax Calculator Will Be Of Assistance To These Individuals:

As independent contractors, small company owners, and content producers are responsible for ensuring that their taxes are paid (unlike employees, who have their taxes taken from their pay checks), FlyFin’s new tax calculator will be of assistance to these individuals.

Create an estimate of their tax burden, clarifying the amount of money owed in taxes depending on their income and the deductions they took. Self-employed people are better able to correctly and dependably budget for tax time, which allows them to avoid surprises.

Individuals who want to determine how much-estimated tax payment they are required to pay can use the IRS estimated tax payment tool, which helps to determine the amount they need to pay every year.

Take advantage of tax breaks in the form of deductions and credits. This new tool helps freelancers and owners of small businesses identify tax deductions and credits. As a result, these individuals can reduce the amount of taxes that they owe and may be eligible for a greater tax refund.

Find Your Quarterly Taxes

FlyFin has built a comprehensive Tax Resource Center that assists self-employed individuals and freelancers in preparing and filing their tax returns. It came into consideration by building upon the company’s award-winning AI engine.

Tax inner

FlyFin’s expanding Tax Resource Center provides free tax tools, calculators, guidelines, tax forms, and more to simplify the tax preparation process. Taxpayers may easily access information related to self-employment, such as tax deductions, self-employed retirement plans, and practical how-to assistance.

About FlyFin

FlyFin is a platform that has won multiple awards and is powered by artificial intelligence. It offers a tax filing solution that is convenient, easy to use, and affordable to people who work in the creator economy, including those who are self-employed, sub-contractors, independent contractors, workers in the gig economy, and freelancers. FlyFin assists individuals in maximizing the tax deductions and refunds they are eligible to get from their self-employment. FlyFin uses a “Man + Machine” technique to offer automation that reduces 95% of the effort necessary for 1099 self-employed persons to do their taxes. It is accomplished by leveraging artificial intelligence and highly experienced tax CPAs. FlyFin is a privately held corporation in San Jose, California, receiving venture capitalists funding.

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