– The release of DrakePay by Drake Software offers new accounting solution for professionals – Wolters Kluwer partners with SAP for U.S. Tax Filing integration – TaxBit selected by Gemini for CESOP reporting – E&Y and ServiceNow extend their partnership with new expansion plan

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  • Drake Software releases DrakePay for accounting pros
  • Wolters Kluwer and SAP integrate solutions for U.S. local and state indirect tax filing obligations
  • Gemini selects TaxBit as its CESOP reporting solution for EU compliance
  • E&Y and ServiceNow expand alliance to provide generative artificial intelligence compliance solutions

Drake Software Releases DrakePay for Accounting Pros, Wolters Kluwer Announces Integration with SAP for U.S. Tax Filing, TaxBit Chosen by Gemini for CESOP Reporting, E&Y and ServiceNow Expand Services

In the world of accounting and tax filing, several major developments have recently taken place.

Drake Software, a leading provider of tax preparation software, has announced the release of DrakePay, a new tool designed specifically for accounting professionals. DrakePay aims to streamline the payment process for clients, allowing accounting pros to easily collect payments from their clients and manage transactions within the Drake Software platform.

In another major announcement, Wolters Kluwer, a global provider of professional information, software solutions, and services, has revealed an integration with SAP for U.S. tax filing. This integration will allow users of SAP’s enterprise resource planning (ERP) system to seamlessly access Wolters Kluwer’s tax filing solutions, improving efficiency and accuracy in tax reporting for U.S. businesses.

Meanwhile, TaxBit, a leading provider of cryptocurrency tax software, has been chosen by Gemini, a popular cryptocurrency exchange, for CESOP (Compensation and Stock Option Plan) reporting. This partnership will enable Gemini to accurately report CESOP transactions and ensure compliance with tax regulations, providing peace of mind for both the exchange and its users.

Lastly, Ernst & Young (E&Y), a global leader in assurance, tax, transaction, and advisory services, has expanded its partnership with ServiceNow, a leading digital workflow company. This expansion will see E&Y offering additional services related to digital transformation, risk management, and cybersecurity, leveraging ServiceNow’s platform to deliver innovative solutions to clients.

These developments highlight the ongoing evolution and innovation within the accounting and tax industry, as companies continue to embrace new technologies and partnerships to better serve their clients.

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