Black Ore

TL;DR

AI platform that automates 1040 tax preparation for CPAs.
Reduces manual work, saving up to 90% of preparation time.
Includes a review step by U.S.-based CPAs for accuracy.
Ideal for accounting firms of all sizes seeking to improve efficiency and scale operations.

What is Black Ore

Black Ore is an AI tax preparation platform designed specifically for CPAs and accounting firms. It solves the core problem of inefficiency and burnout in the tax industry by automating the labor-intensive process of preparing Form 1040 returns. Its flagship product, Tax Autopilot, uses a combination of AI and machine learning to extract and process data from over 50 different types of source documents, integrating directly with existing tax software to streamline workflows, reduce manual data entry, and free up professionals to focus on higher-value client services.

Key Features

AI-Powered Tax Preparation: The platform automates the entire 1040 tax preparation process, from data extraction to entry into tax software, claiming time savings of up to 90%.
Broad Document Support: It can process and organize data from over 50 different source documents, including complex forms like K-1s, reducing manual classification and entry.
Robust Review Framework: Black Ore includes a human-in-the-loop component, where work is given a preliminary review by U.S.-based CPAs with Big 4 experience, ensuring quality and accuracy.
Secure and Compliant: The platform is SOC-2 compliant and U.S.-based, providing a high level of security and trust for handling sensitive client financial information.
Effortless Client Management: Features tools to autonomously handle client data, helping to classify documents and organize work for improved firm-wide efficiency.

Who is Black Ore for?

Solo CPA Practitioners
Small & Mid-Sized Accounting Firms
Top 100 Accounting Firms
Tax professionals looking to reduce manual data entry
Firms specializing in high-growth or tech clients

Key Use Cases & Applications

Automating the end-to-end preparation of individual 1040 tax returns.
Reducing manual data entry from various source documents like W-2s, 1099s, and K-1s.
Scaling a firm's capacity during the peak tax season without hiring temporary staff.
Freeing up senior accountants and partners to focus on client advisory, strategic planning, and firm growth.
Standardizing the tax preparation process across a firm for consistent, high-quality output.

Pros

Significant Time Savings: Claims to automate tasks to save up to 90% of preparation time, a massive benefit during busy season.
Human Oversight: Includes a preliminary review by U.S.-based CPAs, adding a crucial layer of quality control and trust.
High-Level Security: SOC-2 compliance ensures a secure environment for sensitive client financial data.
Direct Software Integration: Designed to work with major tax software, streamlining existing workflows rather than replacing them.

Cons

Opaque Pricing: Potential users must join a waitlist and contact the sales team to get pricing information, which prevents simple cost comparison.
Waitlist Access: The platform is not immediately available upon signup; access is granted via a waitlist, which may delay implementation for interested firms.
Niche Focus: The primary focus is on 1040 tax preparation, so firms looking for a broader suite of automation tools may need other solutions.

Pricing Info

Pricing is not publicly available, You need to contact them.

FAQs

How does Black Ore integrate with my current tax software?

Black Ore is designed to integrate directly with major tax software platforms. The waitlist form specifically lists CCH Axcess Tax, Drake Tax, Lacerte, ProSystem fx, and UltraTax, among others. It pushes the prepared data into your existing system to streamline your workflow.

Is my client's data secure on the Black Ore platform?

Yes, security is a core feature. Black Ore is a U.S.-based, SOC-2 compliant platform, which signifies a high standard for data security, availability, and privacy controls, making it a trusted solution for handling confidential client information.

Who reviews the work done by the AI?

Black Ore uses a hybrid 'AI + human' model. After the AI processes the data, the platform provides comprehensive workpapers that undergo a preliminary review conducted by U.S.-based CPAs, adding a layer of human expertise and accuracy before it reaches your team.

What does Black Ore cost and how can I start using it?

Pricing for Black Ore is not publicly available. To get access and learn about the cost, you must join the waitlist on their website. A member of the Black Ore team will then contact you to discuss your firm's specific needs and provide details on pricing and onboarding.

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