FlyFin Unveils Free 1099 Tax Calculator To Assist Filers with Self-Employment Tax

Free Tax Calculator Simplifies Estimated Taxes Owed for Quarterly or Annual Tax Filings For 1099 Self-Employed People

SAN JOSE, Calif., March 21, 2022 /PRNewswire/ — FlyFin, a fintech supplier, unveiled a free 1099 revenue tax calculator best for people who obtain 1099 Kinds. Powered by FlyFin’s proprietary A.I. and M.L. expertise, FlyFin’s 1099 Tax Calculator makes it straightforward for 1099 self-employed people to compute their quarterly or annual revenue taxes owed shortly. People who obtain 1099 Kinds are self-employed, sub-contractors, impartial contractors, gig employees, freelancers, and creator economic system employees. To make use of the free, self-employed tax calculator, a self-employed particular person must obtain and set up FlyFin‘s cell app and spend 10-to-Quarter-hour to acquire a self employment tax price and calculation. FlyFin squarely addresses 1099 self-employed people and impartial contractors” tax preparation ache, together with accounting and tax submitting uncertainties and figuring out what 1099 deductions qualify. With FlyFin, customers can meet deadlines to keep away from tax penalties.

1099 Kind: What, When, and Why

A 1099 Kind is a report that an entity or particular person reviews about cash paid to a person through the tax yr. Trades or companies make funds for rents, companies offered, lawyer charges, curiosity and dividends to traders, prizes and awards, or different revenue funds. When these funds are at the very least $600, the IRS requires that the commerce or enterprise (Payer) full a 1099 MISC Kind and ship copies to the person and IRS — sometimes earlier than January thirty first, for the earlier yr’s revenue.

FlyFin: Like Autopilot on your taxes

FlyFin helps customers keep on prime of bills as they happen — year-round. FlyFin’s steady expense monitoring is a essentially totally different paradigm shift for the tax preparation trade that focuses on a once-per-year foundation. FlyFin’s Man + Machine tax engine works within the background 24/7, one year per yr, routinely scanning expense accounts day by day to recommend which class to categorise every expense primarily based on occupation. FlyFin’s A.I. and CPAs discover all attainable self employment tax deductions. Customers even have entry to the area experience of tax CPAs, who assessment every 1099 self-employed particular person’s tax data and supply knowledgeable assist to maximise 1099 tax deductions. Customers have the choice to seek the advice of FlyFin’s staff of CPAs inside the app and have its CPAs file their taxes for simply $192. FlyFin ensures 100% correct tax assessment and tax preparation, or customers may also export their information in an IRS-ready format.

About FlyFin

FlyFin is an AI-powered, SaaS platform that gives self-employed, sub-contractors, impartial contractors, gig employees, freelancers, and creator economic system employees with a handy, easy-to-use, inexpensive tax submitting answer. FlyFin helps people maximize self employment tax deductions and revenue tax refunds. FlyFin’s ‘Man + Machine’ method leverages the facility of A.I. paired with CPA experience to ship automation that eliminates 95% of labor required for 1099 self-employed people to organize their taxes, with tax submitting led by world-class CPAs. FlyFin is a privately-held, venture-backed firm primarily based in San Jose, California.

(Editor’s Notice: Art work obtainable upon request.)

Press Contact: 
Carmen Hughes 
Ignite X
c: 650.576.6444 
[email protected]


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