San Jose, CA, United States, 7th Nov 2022 — FlyFin, the world’s number one AI-based tax preparation and tax filing service, announced the addition of powerful, time-saving features to its flagship offering. Core Web 3.0 aspects of artificial intelligence (AI) and machine learning (ML) are now central to FlyFin’s platform, where AI and ML perform a majority of the work for tax filing, reducing user effort by 95 percent. With centralized ML, FlyFin’s platform applies deep learning to financial transactions, income, expenses and tax deductions, while decentralized ML enables learning at the user level. With FlyFin, it doesn’t matter if a user switches their employer or financial institution because individual learning is carried forward and applied to every entity as the AI continues to evolve. FlyFin’s users will benefit from the following new functionality:
FlyFin recently won the prestigious 2022 AI TechAward for Best in Consumer AI technology in recognition of its cutting-edge Web 3.0, AI-powered tax platform. FlyFin has also created the world’s largest freelancer community for taxes and finances on Instagram, attracting more than 50,000 members into the community in just four months. Freelancer and self-employed taxes and finances are challenging. As a result, FlyFin’s vibrant community is gaining traction over traditional personal finance channels as a place where people can learn and help each other.
Building upon the company’s award-winning AI platform, FlyFin has assembled a comprehensive Tax Resource Center that helps freelancers and self-employed individuals prepare and file their taxes. Taxpayers can quickly find topics around self-employment, tax deductions, self-employed retirement plans, and practical how-to guidance. To demystify tax preparation, FlyFin’s growing Tax Resource Center offers an array of free tools, calculators, guides and tax forms:
“Our Web 3.0, AI-based tax engine enables us to provide the most comprehensive, accurate tax prep and filing experience. By leveraging the power of AI and ML, we can reduce users’ efforts by 95% while providing real-time tax deduction tracking and guidance. These features, combined with our growing Tax Resource Center, provide our users with improved efficiency, personalized insights and everything they need to prepare and file their taxes confidently,” said Jaideep Singh, FlyFin’s CEO.
About FlyFin
FlyFin is an award-winning, AI-powered, web 3.0 platform that provides self-employed, sub-contractors, independent contractors, gig workers, freelancers and creator economy workers with a convenient, easy-to-use and affordable tax filing solution. FlyFin helps individuals maximize self-employment tax deductions and income tax refunds. With a “Man + Machine” approach, FlyFin leverages AI paired with highly experienced tax CPAs to deliver automation that eliminates 95% of the work required for 1099 self-employed individuals to prepare their taxes. FlyFin is a privately-held, venture-backed company based in San Jose, California.
Organization: FlyFin
Contact Person: Carmen Hughes
Email: carmen@ignitepr.com
Phone: +1.650-576.6444
Website: https://flyfin.tax/
City: San Jose
State: CA
Country: United States
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