Every year, the same story. March arrives and panic sets in. Where did all the money go? How much do I owe in tax? Did I cross the VAT threshold? What are my odvody this year?
We tried every tool available — FreshBooks, Xero, Wave, spreadsheets. None of them understood EU freelancing. They didn't know what a paušál deduction was. They couldn't calculate contributions. They had no concept of the VAT threshold working on a rolling 12-month basis.
We spent hours every quarter doing manual calculations that should have taken minutes. We forgot to set aside tax money and faced bills we weren't prepared for. We undercharged clients because we didn't know our real day rate after deductions.
"We couldn't find a single tool that understood EU freelancing. So we built one."
Folo is the financial OS we always wanted. Every feature exists because we personally felt the pain of not having it. The contributions calculator, the flat-rate expense toggle, the VAT threshold alert, the auto-split pots — every single one came from a real problem we faced.
We're building this in public, starting with early access for EU freelancers who want to help shape the product. If you've ever had a tax surprise in March, Folo is for you.