Accrual, an artificial intelligence (AI)-native tax preparation and review platform, has been officially launched following $75 million in funding secured from backers General Catalyst, Pruven Capital, and Edward Jones Ventures. The platform's technology aims to automate complex tax processes in order to increase workflow efficiency and reduce preparation and review time. This comes in response to mounting pressures during tax season including rising complexity, pressing deadlines, and labor shortages in the industry. If successful, the platform could redefine the tax preparation landscape, making it more manageable and efficient.
Tax season has always had a reputation. Long nights. Endless document chasing. Coffee cups that deserve their own depreciation schedule. Every year, firms brace for the same chaos and hope technology will finally save them. Now, a new player is stepping i...
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