april Introduces First-of-Its-Kind Tax Solution for High-Integrity Advisors
How can wealth management firms deliver high-quality tax services without building a tax practice from scratch? april, the embedded, AI tax platform, has the answer. The company today announced the launch of a new integrated tax platform specifically designed for high-integrity wealth management and advisory firms. This platform provides real-time visibility into client tax workflows, documents, and insights, making tax planning and filing a consistent source of growth opportunities.
By making our AI-driven tax engine available to wealth management firms, we are giving advisors a way to offer high-touch tax services, while maintaining a clear line of sight into every calculation, and surfacing new planning conversations from that work,” said Ben Borodach, co-founder and CEO of april.
Key Insights at a Glance
- Advisor Visibility: An integrated dashboard gives advisors real-time transparency, document visibility, and post-preparation financial insights.
- Tax Planning: Tools for precise tax simulations for key financial events like equity compensation and Roth conversions.
- Practice Management: Tools for tax professionals to assign, manage, and execute tax preparation across the firm.
- AI-Powered Efficiency: april’s nationwide AI tax engine reduces preparation time by approximately 50%.
The Challenge of Siloed Tax Workflows
Wealth management firms often struggle with siloed tax workflows that lack transparency and efficiency. Just as a fragmented supply chain can disrupt manufacturing, opaque tax processes can hinder financial advisors from providing comprehensive services. april’s new platform addresses this by integrating tax workflows into the wealth management process, ensuring all stakeholders work from the same source of truth. This integration is crucial for maintaining client trust and driving business growth.
Why the Window for Action Is Closing Fast
Like a ship navigating through treacherous waters, wealth management firms must adapt quickly to changing regulatory and market conditions. april’s integrated tax platform offers a modern solution that can help firms stay ahead of the curve. By providing real-time insights and efficient tax management tools, the platform enables advisors to focus on strategic planning and client engagement. The launch of this platform marks a significant shift in how advisory and tax teams can collaborate, making it imperative for firms to adopt these tools to remain competitive.
april Mobilizes Wealth Management Firms with AI-Driven Tax Solutions
april is committed to transforming the way wealth management firms handle tax planning and filing. The company’s new integrated tax platform is built atop its nationwide tax coverage and trusted AI-powered tax engine, which has already prepared filings for millions of taxpayers and achieved an NPS of 78. “Taxes shouldn’t sit in a separate, opaque workflow,” added Raj Doshi, april’s President and COO. “Our platform is designed to ensure financial advisors, tax professionals, and clients can all work from the same source of truth.” By leveraging april’s advanced technology, wealth management firms can streamline their operations and offer more value to their clients.
Future Outlook
The launch of april’s integrated tax platform is like planting a seed in fertile soil. As more wealth management firms adopt this technology, the industry will see a significant shift towards more integrated and efficient tax practices. This platform is not just a tool; it’s a catalyst for change. april is the first firm in approximately 25 years to introduce a new, modern tax platform purpose-built for tax professionals, signaling a major shift in how advisory and tax teams can collaborate on behalf of clients.
Conclusion
The introduction of april’s integrated tax platform represents a significant step forward in the wealth management industry. By providing real-time visibility, efficient tax planning tools, and practice management capabilities, april is empowering financial advisors to deliver high-quality tax services and drive growth. Join the conversation in the comments below.
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