Banking Business Fintech News

Liberty Tax Selects Xero as Preferred Cloud Accounting Platform

Liberty Tax Selects Xero as Preferred Cloud Accounting Platform

New offering for small businesses offered exclusively on Xero

 Xero, the global small business platform, announced that Liberty Tax, with 2700 franchisees across the US and Canada, selected Xero as the preferred cloud accounting software for its new small business service offering.

Liberty Tax has more than 12,000 tax professionals in the US and Canada providing tax preparation services for individuals and small businesses. The company will be expanding its services and launching a service for small businesses that includes monthly bookkeeping, payroll services and business loans. Liberty will rely on and integrate with Xero’s cloud accounting software platform.

“We recognize the importance of our individual and small business clients and their need for real time access to their financial information to help inform decision making,” said Brent Turner, CEO, Liberty Tax. “We believe combining the expertise of our tax professionals with the financial tools and insights the Xero platform provides will help boost the value we provide to our clients and members.”

Read More: BitClout Lists on AscendEX, Continuing Incredible Growth

Historically, Liberty Tax has only offered primarily tax return services. Standardizing on the Xero platform enables Liberty Tax franchisees to expand their offerings for clients and advise them year-round, rather than only during tax season. Liberty will expand the integration of the Liberty Tax Mobile app to provide connectivity to the Xero platform for a multitude of small business services – all accessible from the app on the client’s phone. This marks the first development in a banking as a service model that Liberty Tax plans to offer to individual and business clients.

Through the Xero platform, Liberty Tax professionals and their clients will also have access to insights on day-to-day and month-to-month activity, along with real-time views on key metrics such as cash flow, invoices and payments, and business forecasting.

Read More: APOLLO Insurance and CAARY Partner to Offer Access to Embedded Digital Insurance

“Over the past year, we’ve seen companies accelerate their digital transformation efforts in order to adapt to rapidly changing environments,” said Tony Ward, President, Americas at Xero. “Cloud adoption and gaining real time visibility of financial data, coupled with advisory services from Liberty Tax professionals, is a recipe for small business success.”

Xero also integrates with more than 1,000 third-party apps, offering small businesses the opportunity to find solutions that are best suited for their industry and unique needs. The Xero ecosystem can help Liberty Tax unlock greater efficiencies and bring on more complex clients.

Read More: Quext Buys Majority Stake in Fintech Viva Equity Creating Embedded Finance Opportunity in Multi-family Proptech

Related posts

Wallet Factory Expands it Regional Presence in MEA by Partnering with MDSap

Fintech News Desk

Majesco Partners with Industry Leaders to Shine Light on Emerging Opportunities and New Technologies Reshaping the Future of Insurance

Fintech News Desk

Fintainium Adds Top Executive Talent To Fuel Growth

Fintech News Desk
1