FlyFin provides an AI-driven tax filing service that automates the identification of tax deductions for freelancers and self-employed individuals, significantly reducing the time and effort required for tax preparation. By combining AI technology with CPA expertise, FlyFin ensures accurate federal and state tax returns while maximizing potential refunds, saving users an average of $3,700 in taxes.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Freelancers and self-employed individuals often struggle to identify all eligible tax deductions, leading to overpayment of taxes and time-consuming manual tax preparation. Traditional tax preparation methods can be expensive and may not fully leverage available deductions specific to this segment.
Solution
FlyFin provides an AI-powered tax preparation service designed to automate deduction discovery and tax filing for freelancers and the self-employed. By connecting to users' financial accounts, FlyFin's AI analyzes expenses, identifies potential tax write-offs across 200+ categories, and eliminates the need for manual categorization. A dedicated CPA team then prepares and files federal and state tax returns, ensuring accuracy and maximizing potential refunds. The platform also offers features such as quarterly tax calculations, unlimited CPA advice, and audit insurance.
Target Audience
FlyFin primarily targets freelancers, self-employed individuals, gig workers, independent contractors, and sole proprietors who file Schedule C with their 1040 forms.
Features
- AI-powered deduction tracker that automatically identifies potential tax write-offs from connected financial accounts.
- CPA team prepares and files federal and state tax returns.
- Quarterly tax calculator for accurate estimated tax payments.
- Unlimited CPA advice via chat or Zoom call.
- Full audit insurance, with CPA representation in case of an audit.
- Securely connects to 2,000+ financial institutions using Mastercard and Plaid.
- Exportable tax summary in Excel format.