Tallyfor automates the tax preparation process by integrating with various accounting software to generate a trial balance and complete tax forms in a streamlined workflow. This solution significantly reduces the time required to file tax returns, allowing professionals to complete them in as little as 10 minutes.
Funding
$470K 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.
Founders
Product
Problem
Tax professionals spend excessive time manually transferring data between client accounting systems and tax forms, leading to inefficiencies and increased risk of errors. This process often requires significant manual adjustments and workarounds, especially when dealing with multiple accounting systems.
Solution
Tallyfor streamlines the tax preparation workflow by automating the transfer of data from various accounting systems directly into tax forms. The cloud-based platform allows users to import client data, make necessary adjustments, and generate accurate tax forms with minimal manual intervention. By automating the book-to-tax process, Tallyfor reduces the time required to complete tax returns, minimizes errors, and enables tax professionals to focus on higher-value strategic activities. The platform supports integration with multiple accounting systems, standardizing processes and empowering teams to complete tax preparation anytime, anywhere.
Target Audience
Tallyfor is designed for CPA firms and tax professionals seeking to automate their tax preparation process, reduce manual data entry, and improve overall efficiency.
Features
- Automated data import from various accounting software packages
- Cloud-based trial balance for real-time adjustments without impacting the underlying books
- One-click tax form generation
- Client document management solution for efficient organization of workpapers
- Role-based access controls
- Integration with Xero