Tech news: Ledgible announces readiness assessment on 1099-DA reporting

Tech news: Ledgible offers readiness assessment for 1099-DAs

Ledgible announces readiness assessment on 1099-DA reporting; Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.

Ledgible announces readiness assessment on 1099-DA reporting

Digital asset tax platform Ledgible announced the availability of its Digital Asset Assessment program in the wake of the IRS unveiling of its new draft Form 1099-DA. The program is designed to examine and assess a company's existing compliance, data and reporting infrastructure for upcoming digital asset reporting requirements. Legible said it has analyzed the release of the Form 1099-DA by the IRS and has developed guidance for professionals who might be confused about the form. Information can be requested from readiness@ledgible.io.

Estateably introduces accounting tools for estate planning

Bartek - stock.adobe.com

Trust administration solutions provider Estateably added a new accounting-focused feature for accountants who manage finances for estate matters, which heavily leans on automation and AI. Users can manage day-to-day financials, court-formatted documentation and various compliance requirements. The new feature introduces a specific file type for estate accounting, automated forms and letters categorized by file type, and a streamlined New User Group feature for accountants. The solution is priced at $179 per accounting file.

New Expensify feature allows expense tracking for self-employed professionals

Spend management solutions provider Expensify announced that expense tracking for self-employed professionals is now available in its New Expensify platform. The upgrade lets users track various types of business spending, including receipts, mileage and manual amounts, in one place. Users can categorize the expenses and share them with their accountant for tax purposes, all in the same app. Members can also invite their accountants to collaborate directly within the app, as well as chat with teammates, customers, clients, vendors, suppliers and friends in the same place with the ability to respond wherever they are (whether by email, text or chat). The solution was made with freelancers, independent contractors and small business owners in mind.

Arvo Tech introduces WOTC Credit program survey

Rawpixel.com - stock.adobe.com

Tax strategy solutions provider Arvo Tech is launching a new version of its Work Opportunity Tax Credit program survey to help employers improve employee application rates and gather the data they need to take advantage of federal and state incentive programs aimed at helping them increase WOTC certification rates. In order to claim these tax credits, employers must first apply for and receive a certification confirming a new hire is a member of a targeted group that has struggled to find employment, including veterans, ex-felons and Supplemental Nutrition Assistance Program recipients. With Arvo Tech's WOTC survey, employers can fit this process into any new hire application or employee onboarding. It's the first piece in Arvo's end-to-end WOTC offering, which includes integrations with business platforms like Gusto, TempWorks and WurkNow. Arvo offers dedicated support for certification through its state workforce teams, as well as ongoing monitoring, reporting and training. Arvo's WOTC portal provides real-time information and reports on the health of the WOTC program so companies can better understand eligibility and recoup credits.

Partnerships and integrations

Finance solutions provider Genpact announced a partnership with Microsoft to enable quicker decision-making with data and AI. Genpact is also modernizing its finance function via AI through enhanced vendor management automation, AI-powered analytics and automation in the collections process, and a large language model-based digital assistant, which uses advanced natural language processing and machine learning for tax document submissions. … Accounting automation solutions provider Docyt is partnering with x·quic on a bundled services offering for hotel owners and franchisees that lets them integrate Docyt's real-time bookkeeping capabilities with x·quic OTA Savings. The combined solution uses AI-driven workflows to streamline financial management for hotels, from single locations to expansive franchise operations. … Top 25 firm CohnReznick LLP and external planning analytics software provider Prevedere announced a strategic alliance designed to help organizations drive growth through comparative analytic insights and guidance. This collaboration will leverage Prevedere's AI-powered platform to help CohnReznick's clients with global data, analytic models and econometric context. … Top 25 firm Wipfli has entered into an agreement to acquire certain assets of Harbour Results, Inc. The Harbour Results team will bring to Wipfli its proprietary benchmarking service, which delivers data that drives strategy and operations for manufacturers. Combined with Wipfli's data and manufacturing practice, the united teams will help their manufacturing clients. Meanwhile, Wipfli offers Harbour Results clients advisory and integrated solutions focused on financial, technological and organizational health. Fourteen associates will join Wipfli as a result of the deal. … Business accounting platform Xero has partnered with Flinks to expand access to banks feeds. Updates as a result of this partnership include a new regional search filter and a mechanism to recognize acronyms and typos in the search bar and additional bank URL information; increasing high-quality direct bank feeds in the U.S. from around 20 to more than 600 (which includes both Xero-built and aggregator-supplied); and PDF statement imports directly into Xero.

New hires and appointments

Audit, risk and compliance platform AuditBoard has named SaaS public company product development executive, Sarika Khanna, as chief product officer to lead innovation for AuditBoard's connected risk platform. AuditBoard also has appointed Haibei (Happy) Wang as chief technology officer, expanding her role to include oversight of technology and development strategies as well as related global functions for the company. In addition, Kevin Jhangiani has been named chief architect officer, responsible for shaping the architecture strategy for the company's platform. … AP and spend management solutions provider Medius appointed Rosalie Hawley as senior vice president of global people operations. She will be responsible for the company's strategic planning, policy development and deployment of people and culture initiatives. … Tax automation solutions provider SafeSend appointed of Mathieu Stevenson as its new CEO. Most recently he served as CEO of Snagajob, a software-enabled marketplace for hourly work. The former CEO, Scott Fleszar, will continue to support SafeSend in an advisory role to ensure continuity and execution of strategic initiatives.

Other news

Big Four firm Ernst & Young has acquired Nuvalence, an AI technology consulting firm based in Albany, New York, to accelerate delivery of generative AI-enabled services to organizations (see other story)... Tax automation solutions provider SafeSend reported an 83% year-over-year product usage growth. Meanwhile, the new secure file-exchange capability experienced usage growth of over 2,600%, and the e-signature solution reported usage growth of 90%. The company attributes this growth to investment in the go-to-market strategy and team, new feature releases, increased demand from firms for client-facing technology, and strategic relationships with Thomson Reuters, Wolters Kluwer and Intuit. … Lease optimization software provider Visual Lease announced that its VL ESG Steward product was named the winner of a Bronze Stevie Award in the Compliance Solution category in The 22nd Annual American Business Awards. VL ESG Steward will also be part of the People's Choice Stevie Awards for Favorite New Product in the Compliance Solution category. To vote for VL ESG Steward, visit https://peopleschoice.stevieawards.com/. Public voting ends Friday, May 24. … Close automation solutions provider Numeric, has raised $10 million in seed funding from Founders Fund, Menlo Ventures, 8VC, Long Journey, Friends & Family Capital and more. The additional funding will fuel R&D hiring as the company continues new product development.