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Filed

AI-powered tax preparation platform for firms

Overview

Filed offers an AI-powered tax preparation platform for accounting firms. The system acts as a tax preparer that accelerates the preparation process by handling repetitive, real-world tax scenarios, designed to augment tax professionals rather than replace their judgment. It helps firms scale by reducing turnaround times—claims during the 2025 tax season that returns could be processed overnight rather than over a full week without additional staff. The company targets CPAs and tax professionals, focusing on leveraging technology to increase efficiency and capacity during busy tax seasons. Led by CEO Leroy Kerry, with founding CPAs Kevin Lee and Hannah Jones Gabell, Filed centers on practical, profession-driven tax workflow automation.

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About Filed

Simplify's Rating
Why Filed is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine Learning

Company Size

N/A

Company Stage

Seed

Total Funding

$17.2M

Headquarters

London, United Kingdom

Founded

2017

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Simplify's take

What believers are saying

  • Filed reported 94% line-by-line accuracy and 72.5% complete-return accuracy on TaxCalcBench.
  • Filed earned SOC 2, ISO 27001, and IRS Section 7216 positioning by November 2026.
  • JCG Tax Advisors deployed Filed ahead of 2026 tax season, validating production usage.

What critics are saying

  • IRS rejection of OpenTax’s pending MeF application kills Filed’s open-filing thesis.
  • Accrual’s February 2026 $75 million launch directly attacks Filed’s end-to-end market.
  • Open-source competitors can copy OpenTax and erode Filed’s pricing power by 2027.

What makes Filed unique

  • Filed embeds AI inside Drake, ProConnect, CCH Axcess, and Lacerte.
  • Filed covers 1040, 1041, 1065, 1120, 1120-S, and 990 returns.
  • Filed open-sourced OpenTax on September 22, 2026, with Crimson Tree.

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Funding

Total Funding

$17.2M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$17.2M

Company News

Associated Press
Sep 29th, 2026
Filed and Crimson Tree launch Open Tax Technology Alliance with free 1040 engine

Filed and Crimson Tree Software have launched the Open Tax Technology Alliance, releasing OpenTax, a free open-source federal 1040 calculation engine, and Open Tax Document, an open standard for Schedule K-1 and K-3 data exchange. OpenTax runs on macOS, Linux, and Windows without cloud dependency. It covers Form 1040 for tax year 2025 across 186 registered nodes and 131 input types, including W-2s, 1099s, and K-1s. The engine checks returns against IRS business rules and exports Modernized e-File XML. Open Tax Document provides a free standard for exchanging structured partnership tax data, published at github.com/opentaxdocument/otd-spec. It includes K-1 taxonomy, transmission formats, and AI-compatible tools. The Alliance aims to make tax calculation infrastructure freely available, arguing that core arithmetic is a solved problem. Both initiatives will remain free and unmonetised. The engine is licensed under AGPL v3, with a commercial option available.

Accounting Today
Sep 22nd, 2026
Open Tax Technology Alliance launches with free 1040 engine.

Open Tax Technology Alliance launches with free 1040 engine. Published September 22, 2026, 9:00 a.m. EDT Tax solution specialists Filed and Crimson Tree Software have teamed up to launch the Open Tax Technology Alliance, a new organization dedicated to promoting and supporting open source software in the accounting technology space. As one of the Alliance's first initiatives, it has released a free 1040 tax calculation engine anyone can use, as well as an open data standard for partnership returns that bypasses PDFs in favor of digitized information. This Q&A offers insights from a conversation with David Yue, co-founder and CEO at Accordance, on the opportunity AI presents to accountants and why... Technology Editor Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession... Read full bio

Filed
May 22nd, 2025
Filed | Filed raises $17.2M to power modern accountants

At Filed, our mission started with a single moment. An accountant couldn’t onboard my prior business because of staffing issues. That sparked a deeper question: how could we help the profession rebuild capacity without hiring sprees or sacrificing quality?

Silicon Legal Strategy
May 21st, 2025
SLS Client Neo Joins Filed's $17.2MM Round

SLS client Neo joins Filed's $17.2MM round.

TechCrunch
May 21st, 2025
Filed raises $17M to automate the drudgery of tax prep

There is a new accounting software in town, coming in with a fresh $17.2 million raise and a desire to shake things up. The company, Filed, hopes to Filed, which uses AI to complete the lifecycle of a tax return, raised $17.2 million led by Northzone.

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