Latest news with #Karbon
Yahoo
6 days ago
- Business
- Yahoo
Karbon Launches End-to-End Tax Workflows, AI Innovations, and Practice Intelligence to Accelerate Firm Growth
New automation, real-time insights, deep integrations, and pricing tools streamline tax season, while Karbon's Practice Intelligence drives a new era in AI-powered firm operations SAN FRANCISCO, June 04, 2025 (GLOBE NEWSWIRE) -- Karbon, the global leader in accounting practice management software, today announced new features to automate end-to-end tax workflows, and Practice Intelligence, its bold vision for AI-powered firm operations. The announcements were made during Karbon Next, the company's customer event where 150 senior leaders from top global firms gathered to explore the future of modern accounting. Chief Product Officer Sara Goepel debuted both the tax workflows and Karbon's vision for Practice Intelligence during her keynote. The announcements come as the accounting profession faces significant workforce challenges, with nearly 75% of AICPA members nearing retirement, M&A on the rise, and increasing pressure to modernize. A Modern Infrastructure for Tax Season and Beyond Karbon's new tax workflows and features enable firms to manage the entire tax work lifecycle, from client intake to filing and archiving, while improving speed, reducing manual work, and increasing transparency. "The way most tax firms run today is broken and we're fixing that," said Sara Goepel, Chief Product Officer at Karbon. "Our newest features solve the chaos of managing extensions, reviewing returns, and chasing clients, while reinforcing Karbon's vision of intelligent, scalable workflows for every service line. Whether you're a tax firm or an advisory-first practice, Karbon gives you the platform to grow with confidence." Karbon's new tax workflows and features: Integrated client organizers: Deep integration with StanfordTax brings a modern client intake experience with organizers and workpaper management directly embedded into Karbon workflows. Progress reports: Real-time insights show how work moves through each tax stage, improving visibility for partners, teams, and clients. FIFO workflow queues: Prioritize client work using first-in, first-out queues to stay organized and focused on the most urgent tasks. Automated extension management: Track and manage extensions within Karbon to reduce missed deadlines and manual effort. Tax tech stack integrations: Connect with leading providers including Intuit ProConnect Tax, TaxPlan IQ, TallyFor, and TaxNow to create a unified tax ecosystem. "We're thrilled to partner with Karbon to deliver the profession's first fully integrated, AI-powered tax workflow to slash prep time, boost accuracy, and give firms more time to advise their clients," said Dan Berenholtz, co-founder and CEO of StanfordTax. Practice Intelligence: The Next Chapter in AI-Driven Practice Management A decade ago, Karbon launched Practice Management to bring efficiency to growing firms. Today, firms face more complex challenges and greater demand to do more with less. Karbon's answer is Practice Intelligence—an AI-driven platform that intelligently connects information, processes, and tools across the practice, to automate complex workflows, and proactively predict the next best strategic move for the firm. 'Accounting firms today deserve far more from their practice management solution than an operating system that keeps them organized,' said Mary Delaney, CEO of Karbon. 'They need a platform that orchestrates their entire firm, connecting their people, data, technology and workflows, with AI and automation woven into every step. The next evolution of Practice Management is Practice Intelligence, and only Karbon is equipped to deliver that.' Platform Innovation Roadmap: New AI-Powered Features for All Karbon Users Goepel also previewed upcoming features that will advance Practice Intelligence across all service lines: Agentic AI: Future AI workflow agents will be embedded in task lists and timelines to automatically execute actions, fetch data, update statuses, and communicate with clients. AI pricing recommendations: Upcoming client proposals and agreements will offer intelligent pricing suggestions based on historical data. Enhanced collaboration features: Including delegated triage email inboxes and meeting transcripts with AI summaries. Advanced integrations: Integrated Workflows will enable activity from integrated apps to automatically trigger work creation and updates within Karbon, reducing the lag time caused by manual status updates by cross-referencing multiple apps. Karbon's tax workflows and Practice Intelligence build on recent innovations including Practice Marketplace by Karbon and a deep Xero integration, to reinforce Karbon's leadership in delivering purpose-built solutions for modern accounting firms. Many of the features announced by Goepel, including new tax workflows, are available immediately, while others will roll out over the coming months. About Karbon Karbon, a global leader in practice management software for accounting firms, provides an award-winning, collaborative cloud platform focused on streamlining work and communications within a firm and its clients. Karbon drives unprecedented value for its customers evidenced by its #1 ranking on G2 and customer-reported savings of 18.5 hours per week per employee. Founded in 2014, Karbon has customers in 33 countries with employees across the US, Australia, New Zealand, Canada and the United Kingdom. Karbon is well-funded and backed by Tidemark, Five Elms, and Blackbird. 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Yahoo
28-05-2025
- Business
- Yahoo
Karbon Appoints Twyla Verhelst to Lead AI Transformation and Elevate the Accounting Community
Trusted industry leader joins as VP of Industry Relations and Community to amplify firm voices, drive AI adoption, and strengthen firm success SAN FRANCISCO, May 28, 2025 (GLOBE NEWSWIRE) -- Karbon, the global leader in accounting practice management software, today announced the appointment of Twyla Verhelst as Vice President of Industry Relations and Community. A CPA, entrepreneur, and recognized voice in the accounting profession, Verhelst brings a unique blend of strategic insight, fintech expertise, and community leadership to her new role. She will spearhead Karbon's efforts to inspire, educate, and elevate accounting professionals while advancing the company's customer-led growth strategy. As part of Karbon's executive leadership team, Verhelst will engage across the accounting community to build trusted relationships with firm leaders, influencers, and partners. Her mission is to strengthen the global accounting community by championing firm success, showcasing customer stories, and leading conversations around innovation, AI adoption, and the future of the profession. 'Twyla's leadership in the accounting industry and her passion for transformation and AI adoption make her the perfect fit for Karbon at this moment,' said Mary Delaney, CEO of Karbon. 'We're committed to driving innovation that's rooted in the real needs of accounting firms. Twyla brings both the strategic insight and the community-first mindset to help us do that.' Verhelst joins Karbon from Mercury, a fintech company, where she served as Head of Accounting Partnerships. There, she successfully launched and scaled the firm's accounting partner ecosystem, overseeing brand, go-to-market strategy, product positioning, partner sales, and experience. Prior to Mercury, she was General Manager of Accountants at FreshBooks, where she built and led accountant channel strategies that drove revenue growth and increased retention. Verhelst's career also includes co-founding Twenty Eighty Financial Services, an advisory-led accounting firm, and Helm, a cash flow forecasting tool for accounting professionals. In the past year, Verhelst also co-founded TB Academy, a training and education company that teaches accountants how to harness AI with clarity and confidence. As a facilitator of AI learning, Verhelst is at the forefront of empowering accountants to apply an AI-first mindset within their day-to-day. 'The accounting profession is evolving quickly, and Karbon is at the forefront of that change,' said Verhelst. 'I'm thrilled to join a company I've long admired at such a pivotal time. I look forward to amplifying the voices of firms, spearheading both AI and community initiatives and helping turn customer insights into meaningful action that shapes the future of the profession.' Verhelst's appointment marks a significant step in Karbon's continued investment and leadership in the accounting profession. Earlier this year, Karbon's State of AI in Accounting Report 2025 found that firms embracing AI are gaining a clear competitive edge. In her new role, Verhelst will help ensure that firms are not only prepared for this shift, but empowered to lead it. About Karbon Karbon, a global leader in practice management software for accounting firms, provides an award-winning, collaborative cloud platform focused on streamlining work and communications within a firm and its clients. Karbon drives unprecedented value for its customers evidenced by its #1 ranking on G2 and customer-reported savings of 18.5 hours per week per employee. Founded in 2014, Karbon has customers in 33 countries with employees across US, Australia, New Zealand, Canada and the United Kingdom. Karbon is well-funded and backed by Tidemark, Five Elms, and Blackbird. Media Contact: Sergut Dejenesergut@
Yahoo
07-04-2025
- Business
- Yahoo
ClientWindow, Karbon team up
ClientWindow has joined forces with Karbon, a practice management software provider, to streamline client communications for accounting firms. Under the new partnership, client messages sent through WhatsApp will be automatically routed into Karbon's platform. This functionality will enable firms to capture, track, and respond to client queries within a centralised system, thereby enhancing operational efficiency and communication oversight. ClientWindow noted that historically, managing WhatsApp messages has posed challenges for accounting firms, with conversations often stored on individual mobile devices, resulting in fragmented communication and limited transparency. The integration seeks to resolve these issues by ensuring all WhatsApp correspondence is stored in one place and linked to the appropriate client record in Karbon. The system also improves internal workflow management. Incoming messages are directed to Karbon's triage area, allowing them to be reviewed, assigned, and actioned by the appropriate team members. This process supports timely responses, facilitates task delegation, and helps firms maintain full visibility across teams. ClientWindow chief product officer Dan Cattermole said: 'We know clients want to communicate with their accountants on WhatsApp but this can be difficult to manage. 'This integration ensures that WhatsApp conversations are instantly captured and accessible within Karbon, just like emails, so firms can stay on top of client interactions, manage all their processes easily and offer an excellent service overall.' In addition to message management, the integration allows for the automated sending of reminders and notifications via WhatsApp. This feature aims to enhance client engagement while reducing administrative burden. Karbon co-founder and chief partnership officer Ian Vacin said: 'Karbon brings your team, clients, work and data together in one place. 'The ClientWindow partnership helps to further enable that by integrating WhatsApp with Karbon so that teams can respond faster and maintain a full record of all client interactions.' ClientWindow was founded by David Moehle and Tim Zeale, partners at Jersey-based chartered accountancy practice PKF bba. The platform was developed to provide professional services firms with a compliant and efficient communication solution. It supports message retention in line with legal, regulatory, and insurance requirements, and integrates with existing business email and management systems. "ClientWindow, Karbon team up" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
01-03-2025
- Politics
- Yahoo
Breeders, lawmakers square off over breeder transparency bill
Mar. 1—ST. PAUL — Last March, when Rielle Perttu brought home a German shepherd born to a Southeast Minnesota breeder, she was worried the puppy might have trouble socializing with people and other dogs. That's because her new pet, named Karbon, had had a rough go of it already in her short life. She was one of 15 dogs — nine adults and six puppies — seized from a Fillmore County breeder for alleged malnourishment and unsanitary conditions. That happened about days before Perttu and Karbon were introduced, in February 2024. None of the dogs examined had a body condition score greater than 2 on a scale of 1 to 9, where 4 or 5 is ideal, according to Dr. Ashley Plotkowski, a veterinarian with the Animal Humane Society. The owners of the breeding operation, Elham Alayyoub and Donald Anderson, face nine counts of animal neglect and cruelty charges . A trial is set for April in Fillmore County. Perttu's experience underlines a lack of transparency in Minnesota's dog breeding world where, in most cases, people who acquire dogs from breeders must rely on information provided by the breeders themselves about the business and the conditions in which puppies are raised. Inspection reports, number of breeding dogs and other licensing information kept on commercial cat and dog breeders is considered private under Minnesota laws except in some rare circumstances. That may change soon under legislation introduced last week that would make breeder licensing information public. Bill author Rep. Mike Freiberg, DFL-Golden Valley, introduced a proposal Thursday, Feb. 20, 2025, to make public cat and dog breeder licensing information. That would include the number of breeding dogs breeders have as well as inspection reports. "People want to know if the breeders they deal with are fine and ethical, and I think most in Minnesota are," Freiberg said. "And if any aren't, I think the public should know." Currently, inspection reports and any violations at nonprofit kennels such as the kennels at the AHS are available to the public. Private breeders' data is kept private. Breeders say making their business information public like nonprofit shelters and kennels would put them at a disadvantage to those shelters. Shelters could use the newly public information to discourage people from buying animals from breeders, said Elaine Hanson, the Minnesota Pet Breeders Association legislative liaison. Hanson breeds miniature dachshunds for show. "It's needless," Hanson said. "There's no legitimate public interest to be served by it, it's just another thing that makes it more difficult for ethical, competent breeders to breed dogs." Minnesota already has a so-called pet lemon law which outlines rights that protect buyers and sellers when purchasing dogs and cats. The law applies to not just commercial breeders but also to pet shops and hobby breeders. The information that would be made public could be used by animal rights groups who oppose commercial breeding, Hanson added. "What it does is it exposes licensed commercial breeders to harassment and interference," Hanson said. Although Hanson said there haven't been documented cases of violence against breeders in Minnesota, breeders often operate from their homes, which could put owners of breeding operations and their families at risk. Freiberg said he's willing to work with breeders and adjust the legislation to address safety concerns. Hanson said she doesn't see anything in the bill worth salvaging. Since 2014, Minnesota breeders and kennels have been required to be licensed and inspected by the state officials. The legislation that created those requirements also specified breeders' information would be kept private. "Part of it was the safety issue, part of that was the compromise so the coalition of breeders would agree to the legislation as it was written," said Steve Kivisto, senior veterinarian with the Minnesota Board of Animal Health. Kivisto said the board is neutral on the legislation, adding that it wouldn't add a significant cost or burden to the MBAH. The annual reports with total notices and citations, not to specific breeders, are already available online on the MBAH website . The information to be made public is already collected but is redacted now. The information would instead be made public and an additional staff member may be needed to process public data requests. Minnesota is home to 92 licensed kennels and 89 registered dog and cat breeders as of June 30, 2024, according to data published in the Minnesota Board of Animal Health's annual report. From July 1, 2023 through June 30, 2024, the MBAH handed out 19 violation notices or correction orders to Minnesota cat and dog breeders along with four educational warnings. No Minnesota dog or cat breeders received civil penalties due to a violation in that fiscal year, the report shows. The report does not specify what those warnings or notices are and which breeders received them. Freiberg said making that information available not only puts private breeders on the same level as nonprofit kennels, but serves to enlighten the public. Most of the notices are for small procedural errors or orders correcting paperwork mistakes, Hanson said. Few notices or violations have been issued to breeders by the MBAH regarding health and welfare of animals in the decade the MBAH has been inspecting breeders. Freiberg first proposed the legislation in 2024 . The bill, with bipartisan support, didn't make it to the floor of the House for a vote. A companion piece of legislation in the Senate that session met the same result. Freiburg and supporters say the measure isn't designed to go after Minnesota cat and dog breeders. "It's not intended to be critical of breeders, or to go looking for concerns," said Liv Hagen, manager of shelter behavior services at the AHS. Proponents of the bill say giving people who are buying cats and dogs more information would help them be best prepared for giving their pets the best care. "If a puppy has not been properly socialized, it can be more challenging for people bringing them into their home," Hagen said. Most of the puppies taken last year from the Fillmore County breeder were treated for challenging medical and behavioral conditions. That included Karbon, the puppy Perttu fostered and would later adopt from the AHS. However, the dog was in good hands. Perttu is a professor of animal behavior at the University of Minnesota. Now, a year later, Karbon is well adapted, Perttu said. "Thankfully I haven't had to deal with any behavior issues," she said. Perttu was meeting with AHS leaders about an unrelated research project and was briefed about the emergency intake. After learning some of the adult dogs were reactive to people and the puppies, some of which were as young as 8 weeks old, didn't appear socialized to people, Perttu said she expected socializing the dogs would be a challenge. She agreed to foster one of the puppies. "Rescuing a dog, I always say you kind of have to expect the worst," Perttu said. "Personality wise, I lucked out, she is so, so sweet." Perttu said she knew what she was taking on because she had learned Karbon's history. And she even convinced her friend Courtney Archer, a Ph.D. candidate in animal science at the university, to adopt another one of the puppies. Archer's dog, now named Karma, came to the AHS with a body condition score of 2 out of 9. Her back legs were weak and the dog needed time and physical therapy before being able to run normally, Archer said. The information she received when agreeing to foster and then adopt Karma was essential and is what all pet owners should have, she said. "They gave us the health issues from when they picked her up," Archer said. Hanson and opponents of the measure had opportunities to testify on behalf of their industry. Proponents of the legislation, including officials from the AHS, testified in favor of the provisions. "There were absolutely no health and welfare violations in the two years preceding the 2024 session," Hanson said. In testimony before the House Judiciary Finance and Civil Law Committee, AHS proponents testified the legislation would make current laws governing nonprofit kennels and private breeders equitable. Some lawmakers attending the hearings pointed out the kind of information Archer and Perttu received from the AHS isn't always available from shelters and nonprofit kennels. "You're not always going to know what kind of environment your dogs or cats are raised in, is that an accurate statement?" asked Peggy Scott, R-Andover, Minnesota. Freiberg, who represents the district where the AHS is located, said that would not always be the case for found and surrendered animals. "It's the nature of the shelter to not always know," Freiberg said in the 2024 hearing. "That's not always something that's possible to be known." That's the heart of one of Hanson's and other breeders' objections. Hanson said the legislation would be like requiring clothing retailers to disclose whether their garments were made in sweat shops. Major retailers would likely have information, but resale stores would usually have no idea and only have information about where they got the garment. People who are seeking pets from breeders have plenty of freedom to shop without the state compelling businesses to open their records, Hanson said. "People always have the option of asking to see the reports," Hanson said. "If you need them, you can ask the breeder, and if the breeder doesn't care to show them to you, then you can decide whether you want to go with the breeder."
Yahoo
27-02-2025
- Business
- Yahoo
Karbon opens practice marketplace to all accounting firms
Accounting practice management software provider Karbon has expanded its Practice Marketplace to include all accounting firms looking to buy or sell. The platform, which launched in September 2024 for the company's customers, is designed to facilitate firm acquisitions through a digital-first approach. Besides, Karbon introduced the Partners Marketplace, which links firms with mergers and acquisitions (M&A) advisors, Karbon-certified implementers, business coaches, and other professionals to offer guidance through the transition process. Karbon CEO Mary Delaney said: 'A successful merger relies on alignment of culture, team, tech stack, and processes. And with Practice Marketplace by Karbon, it's now easier for firm owners to be part of the same life-changing process. 'Karbon exists to empower accounting firms to thrive. This initiative is another way we are supporting firms in their journey and enabling them to thrive—whatever that is to them.' Now, firms looking to sell can list on the Practice Marketplace for a fee, while buyers are required to be fully implemented on Karbon. This structure is intended to improve efficiency and facilitate smoother acquisitions by integrating the company's tools and processes. Firms from the US, Canada, Australia, New Zealand, UK and South Africa are currently using the platform. As industry consolidation ramps up and private equity interest increases, the expanded Practice Marketplace aims to offer firms a structured approach to succession planning and (M&A) opportunities. Karbon Practice Marketplace program lead Joe Carufe said: 'Practice Marketplace by Karbon provides selling firms with exposure to the best firms globally for a successful exit, while also giving our Karbon-enabled buyers a new and highly qualified source of acquisition opportunities. 'Beyond just connecting buyers and sellers, we're helping firms work with industry-leading M&A experts and business coaches to navigate today's rapidly changing market, ensuring they thrive through succession and strategic growth.' "Karbon opens practice marketplace to all accounting firms" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
