The company says its Tax Autopilot software automates preparation of 1040 tax returns for CPA firms and produces returns that are client-ready for filing. It also offers a preliminary review of tax returns and workpapers by CPAs based in the United States. The review price is part of the subscription. It will be ready for tax season and will be general available later.
"We’ll be ready for tax busy season, serving customers who sign up on the Black Ore website," says CEO Eyal Shinar. "And we’ll be onboarding significantly more customers post tax season, under general availability.”
Tax Autopilot is launching in limited availability and will be generally available early next year. The company’s website offers visitors the opportunity to join a product wait list for access to the software. It also shows the company positions Autopilot as suitable for firms ranging from solo practitioners to the Top 100 accounting firms.
Black Ore plans to launch applications in the areas of wealth management, financial advisory and planning, and insurance service.
The company says it will utilize the funding to onboard new customers, hire employees and accelerate the development of additional AI-products. The funding round was led by Oak HC/FT and a16z.