april, an embedded AI tax platform, has launched a new integrated tax platform designed for wealth management and advisory firms. This platform aims to provide financial advisors with real-time access to client tax workflows, documents, and insights, while enhancing the efficiency of the tax filing process.
Ben Borodach, co-founder and CEO of april, stated, “Wealth management firms are looking for ways to deliver high-quality tax analysis without building or scaling a tax practice from scratch.” He added that by making their AI-driven tax engine available to these firms, advisors can offer high-touch tax services with clear visibility into calculations and uncover new planning opportunities.
Raj Doshi, april’s President and COO, emphasized that the platform is built to ensure financial advisors, tax professionals, and clients operate from a unified source of truth, encompassing documents, deadlines, payments, and insights within an environment tailored for wealth management firms.
Key features of the new offering include advisor visibility, practice management, and tax planning opportunities. Advisor visibility provides an integrated dashboard for real-time transparency, document access, and post-preparation financial insights. Tax planning tools enable advisors and tax professionals to run precise tax simulations for significant financial events such as equity compensation, concentrated stock transactions, Roth conversions, and estimated payments. Practice management features assist tax professionals, advisory teams, and administrative staff in assigning, managing, monitoring, and executing tax preparation across the firm, aiming to scale efficient tax operations.
The integrated tax platform leverages april’s nationwide tax coverage and AI-powered tax engine, which has been utilized to prepare filings for millions of taxpayers and boasts an NPS of 78. This technology has enabled tax professionals to reduce preparation time by approximately 50% through features like dynamic auto-fill and AI-driven data extraction from uploaded documents. april is now extending this filing engine to wealth management firms with in-house tax teams to achieve similar efficiency gains.
This launch marks the introduction of a new, modern tax platform purpose-built for tax professionals, signaling a shift in collaboration between advisory and tax teams. april is an embedded, year-round tax platform that provides real-time tax intelligence through white-labeled tools, helping users understand the tax implications of financial activities and manage payments. Its API-first infrastructure and seamless data integrations are designed to empower partners to deliver value and strengthen client loyalty.
