GruntWorx and K1x have teamed up to launch GruntWorx K-1 ADVANCED, a new tax data processing product for accounting and tax professionals. This solution aims to automate the handling of complex Schedule K-1 documents, streamlining extraction and delivery to reduce manual entry. The partnership will debut in an upcoming joint seminar.

The collaboration between GruntWorx and K1x will provide an innovative solution to address evolving needs in tax processing. GruntWorx K-1 ADVANCED, powered by K1x’s technology, offers end-to-end automation for extracting and analyzing K-1s, allowing professionals to focus on more complex tasks. This automation is expected to reduce errors, free up capacity, and enable expansion of services.

K1x’s Chief Revenue Officer, Ken Powell, expressed pride in the partnership with GruntWorx to deliver next-generation automation tools for accounting professionals. The combination of both companies’ expertise aims to help firms work smarter, faster, and with greater confidence. The tool is designed to enhance efficiency and accuracy in tax processing workflows for professionals.

In addition to the partnership with GruntWorx, K1x recently collaborated with Juno to offer tax automation solutions. This integration utilizes K1x’s patented technology to automatically transfer K-1 data into the Juno tax platform. The goal is to provide a seamless and efficient process for tax professionals to manage their clients’ information effectively.

Read more at Yahoo Finance: GruntWorx, K1x unveil AI-based processing tool for tax professionals