Tax Technology for Family Offices
Unsustainable family office K-1 volume, complexity, & manual data processing?
AI automation from K1x works with your tax software, frees staff for high value work, reduces outsourcing costs & risks. Early warning for tax liability, end-to-end income tax compliance, and e-filing for exempt family office entities.
Data on-demand
Data connectivity to other systems & processes
Auto allocations & taxable income through tiers
Ownership of work
Deep reporting & analysis for family offices
After-tax ROI analysis
Cloud-based, AI tax technology for family offices facing higher alternative investment volumes
Family Offices Love K1x Tax Technology
“K1x was a huge help pulling in information because it took data entry off us. We love its ability to move data from one K-1 line item to another — this eliminates the hassles with reclassification and eliminated data entry work.
Now we have drag and drop
and integration with important third-party software.
I think everybody should use this!”
FAMILY OFFICE MANAGER
Challenge
- Inefficient, manual 990 process
- Hired extra staff just to handle the work
Solution
- Adopted 990 Tracker (formerly known as C-TRAC)
- Leaned on K1x Client Success team for support
- Integrated with existing tax software stack
Outcome
- Cut costs by insourcing
- More time spent doing data analysis instead of data entry
- Data changes immediately visible in PDFs
- E-filing easily