SAN JOSE, CA, 94002, January 5, 2023 /EINPresswire.com/ — FlyFin, the world’s main synthetic intelligence tax preparation and submitting service, 1099 Tax Calculator. The up to date calculator provides freelancers and small enterprise people extra options and knowledge, resembling discovering the overall variety of deduction classes relevant to their business. self-employment state of affairs. Utilizing FlyFin’s enhanced 1099 Tax Calculator, customers can get an correct estimate of the quantity they’ll declare in tax deductions, enabling them to make higher tax financial savings choices and save extra. The software can present deeper insights and extra info to taxpayers with its detailed info assortment characteristic.
As freelancers, small enterprise house owners and creators are liable for paying their taxes (reasonably than being withheld from paychecks like workers), FlyFin’s new tax calculator will assist with:
1. Estimate tax liabilities, highlighting how a lot is owed in taxes based mostly on earnings and deductions. Self-employed people can extra precisely and reliably finances for tax time and keep away from surprises.
2. Decide estimated tax payments: The software offers self-employed individuals with solutions about whether or not they’ll owe greater than a certain quantity of tax, and whether or not they should pay estimated taxes through the yr, and in that case, how a lot.
3. Reap the benefits of tax breaks and tax credit: The brand new software helps them cut back their tax legal responsibility and doubtlessly get a bigger tax refund by figuring out tax breaks and credit that an individual could also be eligible for as a self-employed or small enterprise proprietor.
Primarily based on the corporate’s award-winning synthetic intelligence platform, FlyFin has created a complete Tax Useful resource Heart that helps freelancers and self-employed individuals put together and file their taxes. Taxpayers can rapidly discover subjects associated to self-employment, tax breaks, self-employment retirement plans, and sensible how-to steerage. FlyFin’s rising Tax Useful resource Heart provides free instruments, calculators, guides, tax varieties and extra to resolve the thriller of tax preparation.
About FlyFin
FlyFin is an award-winning AI-powered platform that gives a helpful, easy-to-use and reasonably priced tax submitting answer to self-employed, contractors, unbiased contractors, non permanent staff, freelancers and inventive financial system staff. FlyFin helps people maximize self-employment tax deductions and earnings tax refunds. With its “Human + Machine” strategy, FlyFin leverages synthetic intelligence together with extremely skilled tax CPAs to offer automation that removes 95% of the work required for 1099 self-employed individuals to organize their taxes. FlyFin is a personal venture-backed firm headquartered in San Jose, California.
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