Thomson Reuters has announced plans to acquire SurePrep, a tax automation software company based in Irvine, California.
The transaction, which Thomson Reuters said it expects to close in Q1 2023, values SurePrep at $500 million, which will be paid entirely in cash.
Founded in 2002, SurePrep is one of numerous software providers that help tax professionals and accountants gather and file 1040 tax returns on behalf of their clients. Integrating with existing tax software systems, SurePrep offers products that support uploading documents at regular intervals through the year via automated documen
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