1040TaxBiz
1040TaxBiz is a private Indianapolis-based company operating a cloud-based tax preparation business platform for aspiring and existing tax professionals, offering tiered subscription packages (PROSPECT, PRO, PREMIUM), AI-powered tax assistance (TaxGPT), and revenue-share arrangements on bank products with refund advances up to $7,500.
- Company typePrivate
- Founded1996
- HeadquartersIndianapolis, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What 1040TaxBiz does
1040TaxBiz is a privately held, Indianapolis-headquartered company founded in 1996 that operates a cloud-based tax preparation business platform aimed at aspiring and existing tax professionals. The platform bundles professional tax preparation software with ERO direct electronic filing capabilities, a mobile app, AI-powered tax assistance via the TaxGPT feature, bank products with refund advances up to $7,500, audit protection, PTIN/EFIN enrollment assistance, tax law and software training, and year-round technical support. The technology stack is centered on a multi-user cloud platform with tiered access (3, 5, or 10 users depending on package), all-state filing coverage, and prior-year return access for up to five years.
The company sells its services through three subscription tiers — PROSPECT ($99, 70/30 revenue share), PRO ($299, 80/20), and PREMIUM ($499, 85/15) — each with deferred enrollment fees that allow tax professionals to begin operating without upfront cost. Revenue is generated primarily through two mechanisms: subscription fees for the platform packages and revenue-share arrangements on bank products offered to end clients, meaning 1040TaxBiz only earns when its affiliates successfully serve clients. The go-to-market motion is affiliate-first, combining self-serve online sign-up with dedicated account teams for onboarding, IRS and bank enrollment, and ongoing support, with an additional Florida office providing regional coverage. The company has operated continuously for approximately 29 years without disclosed external funding, indicating a self-sustaining, owner-operated business model rather than a venture-backed growth company.
1040TaxBiz firmographics
Firmographics- Name
- 1040TaxBiz
- Legal name
- 1040TaxBiz
- Website
- https://1040taxbiz.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- 1040TaxBiz is a private Indianapolis-based company operating a cloud-based tax preparation business platform for aspiring and existing tax professionals, offering tiered subscription packages (PROSPECT, PRO, PREMIUM), AI-powered tax assistance (TaxGPT), and revenue-share arrangements on bank products with refund advances up to $7,500.
- Ownership category
- akta.pro rank
1040TaxBiz industry classification
Industry- Product category
- Tax Preparation Software
- NAICS
- Tax Preparation Services (541213), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)
- akta.pro industry
- Tax Planning & Personal Tax Optimization ToolsTax Return Filing, Processing & AssessmentBusiness & Public Services/Public Sector & Government Administration/Tax, Revenue & Customs AdministrationRevenue Systems, E-Filing & Digital Tax AdministrationBusiness & Public Services/Public Sector & Government Administration/Tax, Revenue & Customs AdministrationTax Refund Anticipation Loans (RAL) & Refund Advances
Keywords
Where 1040TaxBiz is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
1040TaxBiz business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Revenue Share on Bank Products: 1040TaxBiz generates revenue through revenue share arrangements on bank products offered to end clients. Tax professionals using the platform share a portion of bank product fees with the company, creating a performance-based revenue stream where the company only earns when affiliates successfully serve clients.
- Software Package Subscriptions: Three-tiered software packages (Prospect $99, Pro $299, Premium $499) with varying revenue share splits (70/30, 80/20, 85/15 respectively). The higher-tier packages offer better revenue splits for affiliates while providing additional features and lower bank product fees.
- Deferred Enrollment Fees: The company offers deferred enrollment fees, allowing tax professionals to start their business without upfront costs. Revenue is generated as the business grows and generates transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | 1040 PROSPECT - Entry-level package with basic features and 70/30 revenue share |
| Subscription | Multi-year contract | 1040 PRO - Mid-tier package with enhanced features and 80/20 revenue share |
| Subscription | Multi-year contract | 1040 PREMIUM - Full-service package with premium features and 85/15 revenue share |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
1040TaxBiz product offering
Product offeringCore offering
1040TaxBiz provides a cloud-based tax preparation business platform that enables tax professionals to launch and operate tax preparation practices. The platform bundles professional tax software with ERO direct electronic filing, IRS and bank enrollment assistance, training programs, technical support, and access to bank products including refund advances of up to $7,500 for clients.
Product overview
1040TaxBiz operates as a cloud-based tax preparation business platform offering three tiered business packages (PROSPECT, PRO, and PREMIUM) with deferred enrollment fees and revenue share models. The platform is built around cloud-based tax software providing electronic filing, client management, and IRS processing. TaxGPT AI assistance, mobile app access, and bank products (including up to $7,500 refund advances) are integrated into the packages. Additional services include audit protection, PTIN/EFIN enrollment assistance, tax law and software training, and year-round technical support. Tax professionals can start for free (PROSPECT) and scale to higher tiers with more users, prior-year return access, and better bank product rates.
Differentiator
Problem solved
Functional benefit
Brands
- TaxGPT: AI-powered tax assistance tool offered as part of the company's service offerings.
Products and services
- 1040 PROSPECT Package Entry-level business package at $99 enrollment with 70/30 revenue share. Enables tax professionals to start a tax preparation business with deferred enrollment fees, professional tax software, up to 3 user system access, IRS registration assistance, bank enrollment, training, mobile app, TaxGPT AI assistance, and access to refund advances up to $7,500.
- 1040 PRO Package Mid-tier business package at $299 enrollment with 80/20 revenue share. Includes everything in PROSPECT plus up to 5 user system access, custom-branded tax software, and lower bank product fees. Can be started for free with deferred enrollment.
- 1040 PREMIUM Package Top-tier business package at $499 enrollment with 85/15 revenue share. Includes everything in PRO plus up to 10 user system access, all states and 5 prior-year returns, and the lowest bank product fees.
- Cloud-Based Tax Software Professional tax preparation software delivered via cloud platform, enabling electronic filing, client management, multi-user access, and year-round availability for tax professionals.
- Training Services Comprehensive tax law and software training including live and recorded sessions, sales and marketing training, and continuing education through WebCE integration for tax professionals.
- Bank Products Financial products integrated into the platform including refund advances of up to $7,500, enabling tax professionals to offer fast funding options to their clients, with revenue share on bank product fees.
- Audit Protection Service providing representation and protection for clients in the event of an IRS audit, available to tax professionals and their end clients through the platform.
- PTIN & EFIN Assistance Enrollment assistance service helping tax professionals obtain their Preparer Tax Identification Number (PTIN) and Electronic Filing Identification Number (EFIN) from the IRS.
- TaxGPT AI-powered tax assistance tool integrated into the 1040TaxBiz platform, providing tax-related question answering and guidance to tax professionals and their clients.
Companies that use 1040TaxBiz
Customer profileSegments2 records
Ideal customer profiles2 records
1040TaxBiz technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
1040TaxBiz partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights5 records
1040TaxBiz competitors and assessment
Company assessmentDirect peers
- Drake Software: One of the largest U.S. providers of professional tax preparation software for individual tax preparers and small firms. Directly comparable to 1040TaxBiz's core cloud-based professional tax software and ERO e-filing offering, with overlapping customer base of tax professionals and similar multi-tier pricing.
- Intuit ProConnect Tax Online: Intuit's professional tax software (part of the QuickBooks ecosystem) used by accounting firms and tax preparers. Closely comparable to 1040TaxBiz's platform — cloud-based professional tax prep, e-filing, multi-user access, and tiered offerings targeting the same tax-pro buyer.
- TaxAct Professional: TaxAct's professional/preparer tax software serves tax professionals and small firms with cloud-based prep and e-filing. Overlaps with 1040TaxBiz on tax-pro software, e-filing, and tiered pricing for preparers.
- Thomson Reuters UltraTax CS: Professional tax preparation software from Thomson Reuters aimed at accounting firms and tax practitioners. Comparable to 1040TaxBiz on professional tax-prep software, e-filing, and integrated workflow for tax pros, though typically positioned for larger firms.
- Wolters Kluwer CCH Axcess Tax: Cloud-based professional tax preparation and workflow platform from Wolters Kluwer. Comparable to 1040TaxBiz on cloud delivery, e-filing, and serving tax professionals; tends to compete upmarket but overlaps at the smaller-firm end.
- CrossLink Professional Tax Software: Provider of professional tax software for tax preparers and small firms, including bank-product and refund-advance integrations. Closely comparable to 1040TaxBiz on tax-pro software plus refund-advance/bank-product monetization model.
Broad incumbents
- H&R Block Premium Tax Pro Software: Large incumbent offering consumer tax prep plus a tax-pro software line and franchise network. Overlaps with 1040TaxBiz on serving tax professionals but operates at much greater scale across both retail and software.
Regional players
- Jackson Hewitt Tax Service: Tax preparation franchise and software provider focused on assisted tax-prep for consumers via office and virtual channels. Comparable to 1040TaxBiz at the franchise/start-up level for tax pros, though more retail-consumer-oriented.
- Liberty Tax Service: Tax preparation franchise with seasonal office footprint and online preparation services. Tangentially comparable to 1040TaxBiz's tax-business start-up model and bank-product offerings for tax-prep operators.
Emerging players
- SurePrep: Workflow automation and document-processing tools for accounting firms' tax practices. Comparable as an adjacent technology provider in the same professional tax-prep ecosystem that 1040TaxBiz serves.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
1040TaxBiz social profiles
Digital presence1040TaxBiz financial estimates
Financial estimateRevenue estimate
Valuation estimate
1040TaxBiz leadership team
Management profileNumber of profiles
1040TaxBiz funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
1040TaxBiz 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 1040TaxBiz
What does 1040TaxBiz do?
1040TaxBiz provides a cloud-based tax preparation business platform that enables tax professionals to launch and operate tax preparation practices. The platform bundles professional tax software with ERO direct electronic filing, IRS and bank enrollment assistance, training programs, technical support, and access to bank products including refund advances of up to $7,500 for clients.
Is 1040TaxBiz a public or private company?
1040TaxBiz is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 1040TaxBiz founded?
1040TaxBiz was founded in 1996. It employs 11 to 50 people.
Where is 1040TaxBiz based?
1040TaxBiz is headquartered in Indianapolis, United States, in the North America region.
How does 1040TaxBiz make money?
Three revenue lines are on record. Revenue Share on Bank Products are the primary driver. The others are software Package Subscriptions and deferred Enrollment Fees.
Who are 1040TaxBiz's main competitors?
Direct peers on record are Drake Software, Intuit ProConnect Tax Online, TaxAct Professional, Thomson Reuters UltraTax CS, Wolters Kluwer CCH Axcess Tax and CrossLink Professional Tax Software. H&R Block Premium Tax Pro Software is listed as a broad incumbent. Regional players are Jackson Hewitt Tax Service and Liberty Tax Service. SurePrep is listed as an emerging player.
Does 1040TaxBiz have an API?
No public API is recorded for 1040TaxBiz.
What industry is 1040TaxBiz in?
1040TaxBiz's product category is Tax Preparation Software. Its primary akta.pro industry code is FSAGADAJ, Tax Planning & Personal Tax Optimization Tools, with a secondary code of BPAIADAC, Tax Return Filing, Processing & Assessment. Its NAICS code is 541213 and its SIC code is 7370.