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SurePrep

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uuid00097t3

Namestring
SurePrep
Legal namestring
SurePrep LLC
Websiteurl
corp.sureprep.com
Company typeenum
Private
Founded yearint
2002
Descriptiontext

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.

Short descriptiontext

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.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersIrvine, United States
HQ citystring
Irvine
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
tax automation software, 1040 workflow automation, document scanning software, digital workpaper management, taxpayer collaboration portal
Industry2 codes
1Tax Compliance, Filing & VAT/GST Automation (SME)
CodeFSAGAJAJPrimaryYes
2Tax Planning & Personal Tax Optimization Tools
CodeFSAGADAJPrimaryNo
NAICS code2 codes
  • Accounting, Tax Preparation, Bookkeeping, and Payroll Services5412
  • Accounting, Tax Preparation, Bookkeeping, and Payroll Services54121
SIC code1 code
  • Services-Prepackaged Software7372
Product category
Tax Automation Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Tax Automation Software Subscriptions
TypeSubscription Recurring
Description

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.

openpr.com
2Outsourcing Services
TypeProfessional Services
Description

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.

tax.thomsonreuters.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 of 4 records shown
1TaxCaddy
Description

Taxpayer collaboration software that streamlines communication, document gathering, questionnaires, e-signatures, tax payments, invoicing, and tax return delivery through a mobile app portal.

tax.thomsonreuters.com
+3 more records
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 50% reduction in tax return preparation time
+4 more records
Product overview1 text field

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.

Product and service1 record
11040SCAN
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Thomson Reuters
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2023-01-01
Description

Thomson 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.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration4 records

Each record includes

Title, Type, Description, Source

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

SurePrep

Tax Automation Softwarecorp.sureprep.com

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.

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

  • Tax automation software
  • 1040 workflow automation
  • Document scanning software
  • Digital workpaper management
  • Taxpayer collaboration portal

Where SurePrep is headquartered

Location

Headquarters

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

  1. 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.
  2. 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 offering

Core 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 profile

Named customers4 records

Segments2 records

Ideal customer profiles2 records

SurePrep technology and API

Technology

Technology 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 signal

Partnerships

One partnership is on record.

  • Thomson ReutersflagshipStrategic or Co-development Partner · 1 January 2023Thomson 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 assessment

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

SurePrep social profiles

Digital presence

SurePrep financial estimates

Financial estimate

Revenue estimate

Valuation estimate

SurePrep leadership team

Management profile

Number of profiles

Profiles2 records

SurePrep funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
AijournSurePrep and ePace! Founder David Wyle Joins Qount Board of DirectorsDavid Wyle, a veteran accounting technology entrepreneur, has joined the Board of Directors at Qount, enhancing its focus on integrating AI into practice management for accounting firms. Wyle's experience includes founding SurePrep and ePace!, and he aims to help Qount leverage AI to optimize operational processes and improve data utility for firms. His involvement comes at a time when firms are shifting from outdated systems and exploring AI's potential to transform their operations.MorningstarSurePrep and ePace! Founder David Wyle Joins Qount Board of DirectorsDavid Wyle, founder of SurePrep and ePace!, joined Qount's Board of Directors. He previously led Thomson Reuters' audit software business after CCH and Thomson Reuters acquired his companies. Wyle will focus on AI adoption and product strategy for Qount's AI layer.openPR.comKey Trends and Emerging Changes Shaping the Tax Management Software Market LandscapeThe tax management software market is projected to reach $44.42 billion by 2030, growing at a compound annual growth rate of 13.2%, driven by demand for AI-powered tax analytics, cloud-based deployments, and automation. Thomson Reuters, a US-based media and information services company, acquired SurePrep LLC for $500 million in January 2023 to strengthen its tax automation capabilities, and Bloomberg Industry Group launched Bloomberg Tax Workpapers in March 2024 as a cloud-based solution for tax workpaper preparation.ThomsonreutersCPA firm automation case study with SurePrepMadsen, O’Meara and Company P.C., a Minnesota-based CPA firm, implemented SurePrep’s 1040SCAN and SPbinder automation tools to streamline their tax preparation workflow. The firm achieved a 50% reduction in tax return preparation time, enabling them to handle increased client volume with a reduced staff of four compared to their previous eight or nine employees. SurePrep’s tools have become integral to the firm’s operations, allowing preparers to shift focus from routine compliance tasks to higher-value advisory services while maintaining service quality.ThomsonreutersHow to integrate tax and accounting software for CPAsThis article provides guidance for CPA firms on integrating tax and accounting software, highlighting how a unified tech stack can eliminate fragmented workflows and SaaS sprawl. It profiles Josh Haislip's firm as a case study demonstrating successful integration between SurePrep document processing and UltraTax CS tax preparation software. The piece discusses challenges like context switching and manual data re-entry while offering best practices for firms looking to optimize their tax technology infrastructure.ThomsonreutersIntegrated tax software: How connected is your firm's techA industry article discusses how integrated tax software solutions like UltraTax CS and SurePrep are helping small to mid-size tax firms address rising operational pressures, including a reported 10-15% increase in tax complexity stemming from the One Big Beautiful Bill Act (OBBBA). Firms using these integrated platforms report significant efficiency gains: 39% reduction in tax preparation time, 30% increase in profitability, and 65% expansion in client capacity. The article features testimonials from CPA firms in Texas that have streamlined workflows through automation and connectivity between software systems.FintechThomson Reuters closes acquisition of tax automation firm SurePrepThomson Reuters has completed the acquisition of tax automation firm SurePrep for $500 million in cash, integrating it into its Tax and Accounting Professionals operations. The deal includes the addition of SurePrep's leadership to ensure continuity and is expected to add approximately $60 million in revenue with over 20% annual growth. This move expands Thomson Reuters' capabilities in automating the 1040 tax process for CPAs and corporate clients.FinSMEsThomson Reuters Completes Acquisition of SurePrepThomson Reuters closed its acquisition of SurePrep, a tax automation software company, for $500 million in cash. SurePrep, led by CEO Dave Wyle, serves over 23,000 tax professionals and is expected to generate about $60 million in revenue in 2022, growing over 20% annually.FintechThomson Reuters snaps up tax automation firm SurePrepThomson Reuters has agreed to acquire tax automation software provider SurePrep for $500 million in cash, a transaction expected to close in the first quarter of 2023 subject to regulatory approvals. The acquisition builds on a partnership established in April 2022 and aims to enhance Thomson Reuters' open ecosystem strategy by integrating SurePrep's AI-driven document processing capabilities. SurePrep serves over 23,000 tax professionals and is projected to generate approximately $60 million in revenue for 2022.FinSMEsThomson Reuters to Acquire SurePrep, for $500MThomson Reuters acquired SurePrep, a tax automation software provider, for $500 million in cash. The deal is expected to close in the first quarter of 2023, subject to regulatory approvals, with an estimated $60 million tax benefit. The combined entity will continue Thomson Reuters' open ecosystem strategy.