FlyFin
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About
FlyFin is a tax preparation and filing service specifically engineered for freelancers, self-employed individuals, and small business owners who manage complex 1099 or W-2 income. The platform integrates artificial intelligence with human expertise by using an AI-driven system to scan financial accounts for potential tax deductions. It aims to simplify the often tedious process of tracking business expenses throughout the year, ensuring that users do not miss out on significant savings. By connecting to over 2,000 financial institutions, the tool provides a comprehensive view of a user's financial life, automatically identifying write-offs in over 200 categories ranging from home office expenses to travel and meals. The workflow begins with the AI engine analyzing linked expense accounts to find every possible deduction, which the platform claims eliminates roughly 95% of the manual labor involved in traditional tax prep. Users can interact with a CPA-certified AI assistant for instant answers to tax-related queries or consult with human CPAs via chat or Zoom calls. Once the tax profile is complete, dedicated CPAs take over to prepare federal and state tax returns. This hybrid approach ensures that while the AI handles the bulk of the data processing, a professional human expert performs a final review to maintain accuracy and compliance with IRS standards. Beyond annual filing, FlyFin offers tools for ongoing financial management, including a quarterly tax calculator and a monthly financial tracker. These features are designed to help independent contractors avoid IRS penalties by estimating and facilitating timely quarterly payments. The service is particularly beneficial for those with varied income streams, such as those receiving K-1s or managing LLCs and S-Corps. Unlike standard DIY software, FlyFin includes full audit insurance at no additional cost, meaning a CPA will communicate with the IRS on the user's behalf if an audit occurs. What distinguishes FlyFin from competitors like TurboTax or H&R Block is its focus on the 1099 ecosystem and the seamless integration of AI categorization with professional filing. While many tools offer either software-only or expensive human-only services, this platform attempts to bridge the gap with a model that is both faster and more affordable. It provides a money-back guarantee for those dissatisfied with the CPA preparation phase and ensures data security through Mastercard and Plaid. By automating the discovery of deductions that are often overlooked, the system helps users maximize their refunds while significantly reducing the hours spent on spreadsheets and manual documentation.
Pros & Cons
Automatically scans over 2,000 financial institutions to identify deductions in over 200 categories.
Includes full audit insurance where a CPA handles all IRS communication at no extra cost.
Offers a 100% money-back guarantee if the user is dissatisfied with the CPA's return preparation.
Provides a CPA-certified AI tax assistant for unlimited, instant answers to tax questions.
Supports complex tax situations including K-1s, S-Corps, LLCs, and international tax aspects.
Specific filing fees are only disclosed within the latest version of the mobile app.
Exported tax summaries may require manual recategorization to be fully IRS-compliant.
The platform interface and features are heavily optimized for 1099 income rather than simple W-2 filing.
Use Cases
Freelance designers or writers can link bank accounts to automatically find business deductions like software subscriptions or home office costs.
Small business owners with LLCs or S-Corps can have their federal and state returns prepared and e-filed by professional CPAs.
Gig economy workers like rideshare drivers can use the quarterly tax calculator to accurately estimate payments and avoid IRS penalties.
Platform
Task
Features
• quarterly tax calculator
• zoom calls with cpas
• expense scanning
• cpa-certified ai tax assistant
• full audit insurance
• ai monthly financial tracker
• cpa federal and state filing
• ai deduction tracker
FAQs
Will I be charged automatically by linking my expenses?
No, linking your expenses only grants 'read' permission for account statements. There is no risk of being charged automatically just for connecting your financial institutions to the scanner.
Can I use it if I am not a freelancer?
While primarily designed for freelancers and 1099 workers, anyone can use FlyFin to file their taxes. It supports various entities including LLCs, S-Corps, and W-2 employees with complex situations.
Does FlyFin charge a fee for filing taxes?
Yes, there is a fee to file with the expert CPA team, although the specific amount depends on the latest app version. The pricing structure is designed to be more affordable than traditional CPAs.
What banks does the app support?
FlyFin supports over 2,000 financial institutions, allowing for secure automatic connection of your expenses. This allows the AI to scan for every possible deduction without the need for manual entry.
What sort of deductions does the app detect?
The AI analyzes every expense based on over 200 categories, including home office costs, travel, and meals. A dedicated CPA then reviews these deductions to ensure accuracy and maximize savings.
How can FlyFin help me calculate my quarterly taxes?
The platform automatically identifies deductions and asks basic income questions to calculate estimated payments. Users also have the option to consult with a human CPA when preparing these quarterly estimates.
Can I export my tax summary if I don't file through the app?
Yes, you can export a summary for IRS Form 1040 in Excel format to share with external tax professionals. Note that some expenses might need manual recategorization into specific IRS-compliant categories.
How does the full audit insurance work?
If you are audited, a dedicated CPA will handle all communication and responses with the IRS on your behalf. This full audit insurance is included at no additional cost to provide peace of mind for the user.
Pricing Plans
Tax Filing Service
Unknown Price• AI deduction tracker
• Expert CPA review
• Full audit insurance
• Quarterly tax calculator
• Expense scanning
• Federal and State filing
• 1040 Form support
• AI assistant
Job Opportunities
There are currently no job postings for this AI tool.
Ratings & Reviews
No ratings available yet. Be the first to rate this tool!
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