Black Ore offers an AI-driven Tax Autopilot platform that automates the preparation of complex 1040 tax returns, allowing CPAs to transition from preparers to strategic advisors. This technology reduces billable hours by 90%, enabling firms to focus on client relationships and business growth while ensuring compliance with SOC-2 standards.
Funding
$60M 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.
OHFounders
Product
Problem
Certified Public Accountants (CPAs) spend significant time on manual data entry and repetitive tasks associated with preparing individual income tax returns (Form 1040), limiting their capacity for higher-value client advisory services. This reliance on manual processes can lead to burnout, reduced efficiency, and constrained firm growth.
Solution
Black Ore provides an AI-powered tax preparation platform that automates the 1040 preparation process, enabling CPAs to transition from tax preparers to strategic advisors. The platform uses AI and machine learning to classify and organize client data, extract relevant information from source documents, and populate tax forms with a high degree of accuracy. By automating routine tasks, Black Ore reduces the time spent on tax preparation, allowing firms to focus on client relationships, business development, and strategic planning. The SOC-2 compliant platform offers a secure and reliable solution for tax compliance.
Target Audience
The primary target audience includes CPAs, accounting firms, and tax professionals who prepare individual income tax returns and seek to improve efficiency, reduce costs, and expand their service offerings.
Features
- AI-powered data extraction and classification from over 50 types of source documents
- Automated population of 1040 forms and schedules
- Comprehensive workpapers and preliminary review by U.S.-based CPAs with Big 4 experience
- Client management features to organize and track tax preparation workflows
- Scalable infrastructure to support firms of all sizes, from solo practitioners to Top 100 firms
- SOC-2 compliance to ensure data security and privacy