Tax-filing platform Column Tax and mobile tax preparation platform Taxfyle have teamed to create an all-in-one embedded tax and accounting solution for businesses.
The partnership allows companies to bundle tax services and on-demand consultations into their existing product offering, keeping users engaged year-round, Column Tax and Taxfyle said in a media release on Oct. 2.
The end-to-end embedded tax solution supports users with offerings such as do-it-yourself taxes, on-demand tax consultations, assisted professional taxes, and full-service professional tax offerings.
“This collaboration marks a significant step toward providing an all-in-one tax solution that enhances customer experience and retention,” Ricky Lavina, co-founder and CEO of Taxfyle, said in a statement. “We recognize that individuals and small businesses need options when it comes to tax help. Some need professional help, while others prefer to put in the work and do it themselves. Column Tax and Taxfyle are two sides of the same coin.”
According to the two companies, the partnership will significantly reduce the burden companies face when managing each step of the tax process. Users will be able to access support from licensed CPAs and enrolled agents seamlessly from Taxfyle while maintaining platform retention via Column Tax.
The embedded tax solution will use Taxfyle’s API, creating a streamlined, single-sign-on experience. This integrated approach aims to save business owners time by handling complex tax regulations, filings, and compliance, the companies say. The solution will help ensure compliance with local, state, and federal tax regulations, reducing the risk of errors that could lead to fines or penalties.
“We’re thrilled to partner with Taxfyle to bring a fully integrated, end-to-end tax solution to taxpayers nationwide,” said Gavin Nachbar, co-founder and CEO of Column Tax. “Our goal has always been to simplify the tax filing by connecting the process to financial products people already use. This new partnership gives our customers a fundamentally better way to offer embedded tax products across DIY, assisted, and full-service filing.”
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
Tags: Accounting, Small Business, Software, Taxes, Technology
