Tech News: Taxfyle opens new office in Miami

Tech News: Taxfyle opens new office

Published September 9, 2022 9:46 AM

Updated September 9, 2022 10:15 AM

1 Min Read

Taxfyle opens new office in Miami; Xero rolls out new features; Ramp launches lending partner network; and other updates from the accounting technology world.

Taxfyle opens new office

Taxfyle, a mobile tax prep platform, opened a new office in Florida's Coconut Grove. The acquisition of the 10,125 square-foot office was paired with the addition of 70 new hires, bringing the core team's numbers to 109 total. The new hires were recruited to head up divisions in marketing, human resources, sales and design. They are the first recruits in a hiring spree expected to expand Taxfyle's team with nearly 85 new employees over the next two years. As of now, the company will list its headquarters as 2911 Grand Ave, Suite 100A, Coconut Grove, Florida 33133.

Xero rolls out new features

Xero announced a suite of new features at its recent Xerocon Sydney event. It has updated its cash flow forecasting tool to provide bulk management of planned and expected payment dates for overdue invoices and bills for its Analytics Plus solution. It will soon include the ability to predict likely upcoming payments for bills and invoices, such as payroll or partner bills, over the next 90 days, giving customers a holistic picture of their future cash flow. For its Xero Payroll product, the company said customers in Australia would be able to access a Payroll history feature that provides an audit trail of updates made to employee details. Finally, there was a redesign of Xero Practice Manager to help users better see, find and track client jobs, their status and due date.

Ramp launches lending partner network

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Spend management and corporate card provider Ramp is launching a lending partner network to help customers with long-term debt needs. The announcement came shortly after the launch of Ramp Flex, which allows businesses to make bill payments on flexible terms. Through its partners on this initiative — Stifel, Capchase, Live Oak Bank, SmartBiz Loans, Lighter Capital and Founderpath — the network offers three financing options for capital injections: revenue-based financing, Small Business Administration loans and venture debt.

M&A activity

Top 25 firm Marcum announced that, as part of its merger with Friedman LLP, it has integrated the CyZen cybersecurity consultancy, which will now be part of Marcum Technology's Cybersecurity & Digital Forensics group. Peter Scavuzzo, CEO of Marcum Technology, said in a statement, "The integration of CyZen is the next step in building a world-class organization that inspires our people, creates passion and delivers the highest-quality work to our clients, creating maximum value." … Human resources technology company TriNet has acquired Clarus R+D Solutions LLC, a fintech company that automates the research and development tax credit process for SMBs, for an undisclosed sum (see full story)

Other news

All in Place, a cloud accounting software provider focused on cashflow management, announced that its solution has been accredited by the Institute of Chartered Accountants in England and Wales, the first software provider of its kind to achieve this distinction. … RHONDOS, a SAP solutions provider, released a zero trust framework for SAP, which allows organizations to secure their SAP systems, remove vulnerabilities and safeguard against both internal and external threats through access to near real-time SAP monitoring, giving a view of various authentication methods, database security, network and communication security, and SAP application security. ... The California Society of Certified Public Accountants announced a partnership with autonomous B2B billing and collections platform Anchor. It will provide CalCPA members exclusive pricing and discounts as well as dedicated staff to support access to its end-to-end billing and collections automation platform, which eliminates late payments, revenue leakage, manual work and high operational costs.