Thomson Reuters Ropes In SafeSend With $600M Deal

Tax season—the phrase alone can send shivers down any Tax professionals’ spine. From chasing signatures to managing compliance headaches, the "last mile" of tax preparation often feels like running a marathon with a lead weight. Enter SafeSend: the tech company that’s been rewriting the rules for tax professionals. Now, with Thomson Reuters dropping a cool $600 million to acquire it, the future of tax prep is looking brighter than a freshly balanced ledger.

The MVP of Tax Workflows

Since 2008, SafeSend has been on a mission to ease the pain of tax prep. Trusted by 70% of the top 500 U.S. accounting firms, it tackles the "last mile" of tax preparation with features that solve everyday headaches:

• E-Signatures Without the Chase: Automates client signatures, saving time and nerves.
• Workflow Automation That Works: Streamlines processes from document gathering to delivery.
• Payments Made Painless: Integrated tools simplify payments for clients.
• Always Compliant: Keeps firms on top of evolving tax regulations.

SafeSend isn’t just another tech tool, it’s a lifesaver for tax preparers drowning in manual tasks. Co-founder Steve Dusablon sums it up perfectly: “Since we founded the company, we’ve focused on listening to our customers and building solutions to simplify the tax process. Becoming a part of Thomson Reuters will enable us to accelerate product development efforts and realize our shared vision of an end-to-end tax workflow solution.”

Thomson Reuters’ Playbook for the Future

This isn’t Thomson Reuters’ first rodeo in tax automation. Last year, they snapped up SurePrep for $500 million, and the SafeSend acquisition cements their dominance in the tax tech game. Elizabeth Beastrom, President of Tax, Audit, and Accounting Professionals at Thomson Reuters, sums it up: “Integrating SafeSend’s innovative tech with our existing solutions simplifies workflows, helping businesses thrive in today’s complex tax landscape.”

For CPAs, this means fewer systems to juggle and more time for what really matters: strategic planning and client relationships. The bonus? SafeSend will continue as a standalone product, ensuring compatibility with other tax software.

A Peek Into AI-Driven Tax Prep

SafeSend recently launched SafeSend One, an AI-powered tool that automates the entire tax process from document collection to return delivery. This isn’t just a feature; it’s a glimpse into a future where AI handles even the most complex tax scenarios. Thomson Reuters’ commitment to cutting-edge tech signals big changes ahead for the industry. With SafeSend One and similar tools, total automation isn’t a pipe dream anymore—it’s right around the corner.

A Bigger Picture for Tax Professionals and the Industry

The numbers speak volumes. Thomson Reuters expects SafeSend to generate $60 million in revenue by 2025, with an annual growth rate exceeding 25%. This acquisition isn’t just about operational synergy; it’s a strategic move to drive growth and expand market share in the tax tech sector. SafeSend co-founder Steve Dusablon shared his excitement about the partnership: “Becoming a part of Thomson Reuters will enable us to accelerate product development efforts and realize our shared vision of an end-to-end tax workflow solution.”

This acquisition is more than a merger; it’s a glimpse into the future of tax preparation. Here’s how this move could reshape the industry:

• Total Automation: Tools like SafeSend are paving the way for fully automated workflows, enabling firms to handle more clients without increasing staff.
• AI Integration: SafeSend’s advancements, including its AI-powered SafeSend One, showcase how technology can tackle even the most complex tax scenarios.
• Rising Client Expectations: As tech raises the bar, clients will demand faster, more accurate services—and firms will need to deliver.
• Collaborative Ecosystems: Thomson Reuters’ decision to keep SafeSend as a standalone product supports interoperability, fostering a connected ecosystem of tax solutions.

Tax Prep, Transformed

Thomson Reuters’ $600 million investment in SafeSend isn’t just about staying ahead—it’s about redefining what tax preparation can be. For Tax professionals, the integration of SafeSend’s tech means faster workflows, happier clients, and fewer headaches. For the industry as a whole, this deal is a wake-up call: the future of tax prep is automated, AI-powered, and increasingly seamless. Thomson Reuters isn’t just leading the charge—they’re setting the pace for the tax world of tomorrow. Change is here, and Thomson Reuters is ensuring tax professionals don’t just keep up—they thrive. Stay informed and inspired—subscribe to our newsletter for fresh insights and updates delivered straight to your inbox!