Adrian Johnson
TLDR:
- CPACharge has launched a Next Day Payments feature to help accounting firms access funds faster.
- Baker Tilly has introduced a compliance solution for clean energy projects to earn enhanced credits.
Tech news: CPACharge rolls out Next Day Payments
CPACharge has introduced a new Next Day Payments feature to address the challenge of delayed payments for accounting firms. The feature allows firms to access their funds on the following business day after payments are sent out, helping them manage cash flow more efficiently. Only licensed CPAs are eligible for this feature, and eligibility is based on various factors such as transaction history and business type. The Next Day Payments feature supports popular payment types like debit, credit, and eCheck payments, and is available at no extra cost for 2024.
Baker Tilly solution for clean energy credits
Baker Tilly has launched an end-to-end compliance solution to assist clean energy projects in earning enhanced credits under the Inflation Reduction Act. The solution leverages a cloud-based prevailing wage management system to track payroll information electronically and ensure compliance with prevailing wage and apprenticeship requirements. This platform provides project-specific dashboards and generates monthly reports on compliance for each project, helping tax credit seekers stay informed and avoid penalties.
Other Updates in the Accounting Tech World
- Harness Wealth introduced Harness Wealth platform for individuals with complex tax needs.
- Wolters Kluwer debuted CCH iFirm tax and accounting cloud platform in the U.K.
- Symphony launched workflow automation tool and LLM assistant to improve accounting processes.
- Procurement and spend management solutions company Airbase collaborated with Sardine for fraud management.
- Deel acquired PaySpace and announced over $500 million in annual recurring revenue.
- Propense.ai raised $3 million in seed funding led by Harlem Capital for AI-driven client service improvement.
