In the world of tax preparation, innovation is not always the first word that comes to mind. However, with the recent infusion of $17.2 million into the accounting software company Filed, things are about to change. This significant investment is a game-changer, signaling a shift towards automation in a traditionally labor-intensive industry.
Leroy Kerry, Filed’s co-founder and CEO, is on a mission to revolutionize tax preparation by tackling the mundane and repetitive tasks that have long plagued CPAs and tax professionals. With many seasoned CPAs approaching retirement and fewer young professionals entering the field, there is a pressing need for automation to streamline processes and ensure accuracy in tax preparation.
The $17.2 million raise is a testament to the growing recognition of the importance of automation in the tax industry. By leveraging technology to automate the grunt work involved in tax preparation, Filed aims to free up valuable time for tax professionals to focus on more strategic and high-value tasks.
Automation is not just a buzzword; it is a necessary evolution in an industry that is ripe for disruption. By harnessing the power of automation, Filed is not only addressing the current challenges faced by tax professionals but also setting a new standard for efficiency and accuracy in tax preparation.
With the support of this substantial investment, Filed is well-positioned to lead the charge in automating the drudgery of tax prep. As the company continues to develop its software and expand its reach, tax professionals can look forward to a future where automation lightens their workload and enhances the overall quality of their services.
In conclusion, Filed’s $17.2 million raise represents a significant milestone in the journey towards automating tax preparation. Leroy Kerry and his team are paving the way for a future where technology takes the lead in streamlining processes and improving efficiency in the tax industry. As automation continues to reshape the way we approach tax preparation, Filed stands at the forefront of this transformative shift, poised to make a lasting impact on the profession.