Liberty Tax has selected Xero, the global small business platform, as the preferred cloud accounting software for its new small business service offering.
The firm has more than 12,000 tax professionals in the US and Canada providing tax preparation services for individuals and small businesses.
The company will be expanding its services and launching a service for small businesses that includes monthly bookkeeping, payroll services and business loans.
Through the Xero platform, the firm professionals and their clients will also have access to insights on day-to-day and month-to-month activity, along with real-time views on key metrics such as cash flow, invoices and payments, and business forecasting.
Brent Turner, CEO, Liberty Tax, said: “We recognize the importance of our individual and small business clients and their need for real time access to their financial information to help inform decision making.
“We believe combining the expertise of our tax professionals with the financial tools and insights the Xero platform provides will help boost the value we provide to our clients and members.”
Tony Ward, president, Americas at Xero, added: “Over the past year, we’ve seen companies accelerate their digital transformation efforts in order to adapt to rapidly changing environments.
“Cloud adoption and gaining real time visibility of financial data, coupled with advisory services from Liberty Tax professionals, is a recipe for small business success.”