What Solomon does

Solomon Labs, Inc., operating as Solomon AI, is a New York-based, venture-backed SaaS company founded in 2024 that builds an agentic AI platform specialized for complex U.S. individual tax preparation. Its flagship product — Solomon AI Tax Prep for Individuals (1040) — automates review-ready HNW/UHNW Form 1040 preparation directly inside Wolters Kluwer's CCH Axcess platform, covering K-1/K-3 footnote interpretation and technical reporting (including Forms 926, 8865, and 8621), multi-state SALT nexus logic, rental property and real estate reconciliations, and brokerage statement analysis for Form 1116 foreign-source income. Solomon positions its underlying technology as autonomous agents that combine document understanding, structured financial data processing, and tax-rule reasoning to produce expert-ready work product with audit trails, hosted on AWS and GCP in the United States with SOC 2 Type II certification and an explicit policy against using customer data for model training. The company targets mid-market and large CPA and tax firms — anchored by a flagship firm-wide rollout at CRI, a Top 25 accounting firm — selling through a consultative, demo-driven enterprise sales motion under individually negotiated SaaS Agreements, with pricing not publicly disclosed. Solomon is backed by Bessemer Venture Partners (with additional rounds from Base Ventures, Dunamu & Partners, and Bass Investment totaling approximately $17.3M disclosed across 2024-2025) and has publicly announced a product roadmap extending into Tax Planning for Individuals (2026) and Entity Taxes (2027).

Name

Solomon

Legal name

Solomon Labs, Inc.

Website

https://solomontax.ai

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Solomon AI is an agentic-AI SaaS platform that automates complex HNW/UHNW U.S. individual (1040) tax preparation for tax and accounting firms, writing review-ready returns directly into Wolters Kluwer's CCH Axcess system of record.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Solomon Solution SaaS Subscription: Recurring SaaS revenue from the "Solomon Solution" — tax research/preparation software as a service — delivered under executed SaaS Agreements with tax and accounting firms. The Terms of Use govern the website, while the SaaS Agreement governs use of the product. Pricing is not publicly disclosed; customers go through a demo/quote process. No free/freemium, hardware, or advertising monetization is referenced.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Solomon builds an AI-powered, agentic tax automation SaaS platform that prepares U.S. individual tax returns (Form 1040), with particular depth in high-net-worth and ultra-high-net-worth scenarios. The product is sold to tax and accounting firms and integrates with incumbent tax software such as CCH Axcess (Wolters Kluwer), allowing firms to automate complex preparation work within their existing stack.

Product overview

Solomon AI is a single agentic-AI platform specialized for tax, marketed as a new category of agentic intelligence for modern tax firms. The platform is anchored by the generally available Tax Prep for Individuals (1040) module, which automates review-ready HNW/UHNW 1040 preparation directly inside CCH Axcess. The company is extending the same agentic foundation into two roadmap modules: Tax Planning for Individuals (targeted 2026) and Entity Taxes (targeted 2027). Underlying these modules is a shared intelligence layer (the "Solomon Solution" Tax Research SaaS) that combines document understanding, institutional tax knowledge, and decision intelligence to automate research, analysis, planning, compliance, review, and execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Solomon Tax Prep (1040 Automation) AI-powered, agentic tax automation SaaS that prepares U.S. individual tax returns (Form 1040), with depth in high-net-worth and ultra-high-net-worth scenarios. The product is sold to tax and accounting firms and integrates with established tax software such as CCH Axcess (Wolters Kluwer), enabling firms to automate complex preparation work within their existing technology stack.

Quantifiable outcome

• ~90% reduction in 1040 prep time (customer-reported)
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability9 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core / flagship integration and core infrastructure vendor.

• CCH Axcess (Wolters Kluwer)core / flagship integrationTechnology or IntegrationSolomon prepares review-ready 1040s directly inside CCH Axcess — Wolters Kluwer's incumbent tax platform — with full workpapers and robust audit trails. This native integration is positioned as a key differentiator versus legacy bolt-on tools (e.g., SurePrep, K1x) and the manual labor around them, and effectively makes CCH Axcess the system of record in which Solomon's output is delivered.
• Wolters Kluwer (CCH Axcess platform provider)core / flagship integrationTechnology or IntegrationPer the Terms of Use, the Solomon Solution is delivered as SaaS and is governed by a SaaS Agreement between Solomon Labs, Inc. and the customer. The product is operationally integrated with Wolters Kluwer's CCH Axcess platform, which serves as the host tax system into which Solomon writes its review-ready 1040 workpapers.
• Amazon Web Services (AWS)core infrastructure vendorOthersPer Solomon's Privacy Policy, customer data is hosted on AWS and GCP, with all data stored in the United States. Solomon describes its infrastructure as "hardened" with enterprise-grade providers, network segmentation, and strict key management.
• Google Cloud Platform (GCP)core infrastructure vendorOthersPer Solomon's Privacy Policy, customer data is hosted on AWS and GCP, with all data stored in the United States. Solomon describes its infrastructure as "hardened" with enterprise-grade providers, network segmentation, and strict key management.

Scale indicators5 records

Recent moves2 records

Expansion highlights6 records

Broad incumbents

• Wolters Kluwer (CCH Axcess): Owner of the CCH Axcess tax platform that Solomon natively integrates with. Wolters Kluwer is the incumbent system of record for tax preparation at CPA firms and serves the same HNW/UHNW 1040 workflow as Solomon; a Wolters-built or acquired agentic-AI capability would directly threaten Solomon's wedge.
• Thomson Reuters (UltraTax / ONESOURCE): Incumbent provider of tax preparation (UltraTax) and corporate tax (ONESOURCE) software used by large CPA firms. Competes for the same tax-prep workflow at large firms, including HNW 1040 and partnership/individual compliance, and has the distribution to ship AI features natively.
• Intuit (ProConnect Tax Online / Lacerte): Owner of ProConnect Tax Online and Lacerte, major tax-prep platforms used by accounting professionals. Intuit's AI roadmap (Intuit Assist) and ProConnect footprint put it in direct competition for the firm-level 1040 workflow Solomon targets.
• Bloomberg Tax: Provider of tax research, compliance, and workflow software serving large tax departments and CPA firms. Competes with Solomon's research/analysis/compliance positioning and has the brand and capital to add AI-driven preparation layers.

Direct peers

• SurePrep: Legacy 1040 data-entry and K-1 document automation tool explicitly named by Solomon as a product it replaces. Directly comparable on the K-1 and 1040 prep workflow and serves the same large CPA-firm buyer.

Emerging players

• Karbon: Workflow and practice-management platform for accounting firms. Competes for the same mid-market and large CPA-firm buyer that Solomon targets, with an adjacent (rather than overlapping) focus on workflow automation rather than tax preparation itself.
• Canopy: Practice management, document management, and workflow software for accounting and tax firms. Targets the same firm-level buyer as Solomon, with overlap on document handling and client workflows but without Solomon's agentic 1040 prep depth.
• TaxDome: All-in-one practice management platform for accounting and tax firms, with CRM, document management, and workflow automation. Competes for the firm-level buyer; serves smaller firms than Solomon's Top 25 enterprise target but addresses overlapping workflow pain points.
• Bluente: AI-powered tax document automation and translation platform serving accounting firms, with direct overlap on the data-entry and document-processing workflow Solomon automates. Smaller and less specialized to U.S. HNW 1040 than Solomon but a credible adjacent competitor.
• Botkeeper: AI-driven bookkeeping and accounting automation platform for firms and SMBs. Adjacent rather than direct, but pursues the same thesis of AI-native automation of professional accounting workflows and competes for the firm-level AI budget Solomon targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/solomon-tax

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solomon