KPMG debuts Spark accounting and tax tech for small businesses

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KPMG has introduced KPMG Spark, a tax and accounting technology service aimed at small and midsized businesses.

The online service stems from KPMG’s acquisition last summer of Bookly, a company whose technology provided cash-basis accounting for small businesses. KPMG Spark expands upon Bookly’s technology by offering tax services to help businesses comply with the Tax Cuts and Jobs Act.

KPMG Spark includes bookkeeping, tax prep and related services, supported by dedicated staff and advanced technology. “Robotic process automation, intelligent automation and other emerging technologies are just beginning to disrupt the accounting and tax services industries,” said Jeffrey C. LeSage, Americas vice chairman of tax at KPMG, in a statement. “KPMG Spark reflects KPMG’s commitment to bringing innovative solutions to an expanding range of clients so we can help them drive growth, gain efficiencies and create greater value.”

The KPMG Spark team is based in Salt Lake City, where Bookly was headquartered. “I’m so optimistic about the opportunities ahead to work with this exciting group of clients, not only with our current solutions but also with what we are working on for the future,” stated Zach Olson, who joined KPMG from Bookly as a managing director as part of the acquisition. “The KPMG Spark solutions are designed to give business owners the tools they need to gain back the time they are spending on finance management, so they can pursue their passions and grow their businesses. KPMG and our team share a vision for leveraging technology to disrupt the old way of doing things and bring greater value to businesses and their owners.”

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Accounting software Tax prep software Small business KPMG