SurePrep
SurePrep provides AI-powered 1040 tax workflow automation software — including 1040SCAN, SPbinder, TaxCaddy, and Outsource — to CPA firms across the United States, operating as a wholly-owned Thomson Reuters subsidiary following the January 2023 acquisition.
- Company typePrivate
- Founded2002
- HeadquartersIrvine, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
What SurePrep does
SurePrep is a tax workflow automation platform specializing in 1040 individual tax return preparation, serving CPA and accounting firms in the United States. Founded in 2002 and headquartered in Irvine, California, the company was acquired by Thomson Reuters in January 2023 for $500 million and now operates as a wholly-owned subsidiary within Thomson Reuters' Tax & Accounting division; its standalone brand website was retired in Spring 2025 and customers now access the products through Thomson Reuters environments.
The company's product suite covers the end-to-end 1040 preparation workflow. 1040SCAN is a patented AI-powered scan-and-populate engine that processes 4 to 7 times more documents than alternatives and automatically verifies data for 65% of standard documents by bookmarking and organizing source documents into a standardized workpaper index. SPbinder is a digital workpaper management tool with tick marks, annotations, and cross-references for preparer and reviewer collaboration. TaxCaddy is a mobile taxpayer collaboration portal that consolidates document gathering, questionnaires, e-signatures, tax payments, invoicing, and return delivery, replacing the traditional organizer. SurePrep Outsource extends the stack into year-round managed tax preparation services using the same AI tooling and dedicated professionals. The products integrate natively with CCH Axcess Tax, GoSystem Tax RS, Lacerte, and UltraTax CS, and are being co-marketed with UltraTax CS as a combined bundle.
SurePrep generates revenue from two streams: recurring software subscriptions for 1040SCAN, SPbinder, and TaxCaddy (priced by firm size or volume, sold through Thomson Reuters direct and inside sales), and professional services from SurePrep Outsource. The customer base is horizontally distributed across small and mid-size CPA firms — the primary segment — supplemented by enterprise references such as BDO and Forvis; the 1040SCAN/SPbinder deployment at Madsen, O'Meara & Company demonstrated a 50% reduction in preparation time and roughly halved headcount. The company employs 501-1,000 people and competes within a global tax management software market valued at $17.92 billion in 2024 and projected to reach $47.21 billion by 2032 at a 12.8% CAGR.
SurePrep firmographics
Firmographics- Name
- SurePrep
- Legal name
- SurePrep LLC
- Website
- https://corp.sureprep.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Acquired
- Headcount range
- 501–1,000 employees
- Short description
- SurePrep provides AI-powered 1040 tax workflow automation software — including 1040SCAN, SPbinder, TaxCaddy, and Outsource — to CPA firms across the United States, operating as a wholly-owned Thomson Reuters subsidiary following the January 2023 acquisition.
- Ownership category
- akta.pro rank
SurePrep industry classification
Industry- Product category
- Tax Automation Software
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Tax Compliance, Filing & VAT/GST Automation (SME) (FSAGAJAJ)
- akta.pro secondary industry
- Tax Planning & Personal Tax Optimization Tools (FSAGADAJ)
Keywords
Where SurePrep is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SurePrep business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Tax Automation Software Subscriptions: SurePrep generates revenue through software subscriptions for its 1040 tax workflow automation products (1040SCAN, SPbinder, TaxCaddy). These are sold to CPA firms as part of the Thomson Reuters tax and accounting portfolio, with pricing based on firm size or usage volume.
- Outsourcing Services: SurePrep offers year-round outsourced tax preparation services, providing CPA firms with additional capacity during peak seasons. This service leverages the company's AI-powered technology and professional staff to handle tax preparation workload.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
SurePrep product offering
Product offeringCore offering
SurePrep provides an AI-powered 1040 tax workflow automation platform sold to CPA and accounting firms. Its product suite includes 1040SCAN (scan-and-populate document automation), SPbinder (digital workpaper management), TaxCaddy (taxpayer collaboration portal), and SurePrep Outsource (year-round tax preparation outsourcing services). The platform integrates with major tax software applications and is distributed through Thomson Reuters following its January 2023 acquisition.
Product overview
SurePrep is a 1040 tax workflow automation platform that provides an integrated suite of products for tax professionals. The core portfolio includes TaxCaddy (taxpayer collaboration portal), SPbinder (digital workpaper management), 1040SCAN (scan-and-populate automation), and Outsource (professional outsourcing services). These products work together to streamline the 1040 tax process from document collection through final review, with solutions integrating with tax software including CCH Axcess Tax, GoSystem Tax RS, Lacerte, and UltraTax CS. SurePrep was acquired by Thomson Reuters in January 2023 for $500 million.
Differentiator
Problem solved
Functional benefit
Brands
- TaxCaddy: Taxpayer collaboration software that streamlines communication, document gathering, questionnaires, e-signatures, tax payments, invoicing, and tax return delivery through a mobile app portal.
- SPbinder
- 1040SCAN
- SurePrep Outsource
Products and services
- 1040SCAN
Quantifiable outcome
- 50% reduction in tax return preparation time
- +4 more outcomes
Companies that use SurePrep
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
SurePrep technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature4 records
SurePrep partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Thomson ReutersflagshipThomson Reuters acquired SurePrep LLC for $500 million in January 2023 to strengthen its tax automation capabilities. The acquisition integrates SurePrep's 1040 tax workflow automation solutions (1040SCAN, SPbinder, TaxCaddy, Outsource) into Thomson Reuters' comprehensive suite of tax and accounting products. SurePrep products maintain their functionality while benefiting from Thomson Reuters' distribution network, resources, and integration with other Thomson Reuters offerings like UltraTax CS. The sureprep.com brand website was retired in Spring 2025 with customers redirected to Thomson Reuters.
Scale indicators5 records
Recent moves6 records
Expansion highlights3 records
SurePrep competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SurePrep social profiles
Digital presenceSurePrep financial estimates
Financial estimateRevenue estimate
Valuation estimate
SurePrep leadership team
Management profileNumber of profiles
Profiles2 records
SurePrep funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SurePrep M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SurePrep
What does SurePrep do?
SurePrep provides an AI-powered 1040 tax workflow automation platform sold to CPA and accounting firms. Its product suite includes 1040SCAN (scan-and-populate document automation), SPbinder (digital workpaper management), TaxCaddy (taxpayer collaboration portal), and SurePrep Outsource (year-round tax preparation outsourcing services). The platform integrates with major tax software applications and is distributed through Thomson Reuters following its January 2023 acquisition.
Is SurePrep a public or private company?
SurePrep is a private company. It is classified as corporate owned and is currently acquired.
When was SurePrep founded?
SurePrep was founded in 2002. It employs 501 to 1,000 people.
Where is SurePrep based?
SurePrep is headquartered in Irvine, United States, in the North America region.
How does SurePrep make money?
Two revenue lines are on record. Tax Automation Software Subscriptions are the primary driver. The others are outsourcing Services.
Does SurePrep have an API?
No public API is recorded for SurePrep.
What industry is SurePrep in?
SurePrep's product category is Tax Automation Software. Its primary akta.pro industry code is FSAGAJAJ, Tax Compliance, Filing & VAT/GST Automation (SME), with a secondary code of FSAGADAJ, Tax Planning & Personal Tax Optimization Tools. Its NAICS code is 5412 and its SIC code is 7372.