Strategic Partners to Improve KPMG’s Service Offerings Through Automation and Digital Asset Accounting

KPMG, a global leader in accounting and advisory services, has announced new partnerships aimed at enhancing tax compliance and supporting cryptocurrency businesses. These strategic alliances with Avalara, a provider of tax automation solutions, and Cryptio, a specialist in digital asset accounting software, demonstrate KPMG’s commitment to integrating innovative technologies to better serve its clients.

The partnership with Avalara will leverage both companies' strengths, combining Avalara’s comprehensive compliance automation technology—including indirect tax calculation, exemption certificate management, and cross-border compliance—with KPMG’s expertise in tax consulting and ERP implementation. This collaboration aims to simplify and streamline tax compliance for businesses, offering robust, integrated solutions tailored to complex tax needs.

The collaboration with Cryptio is designed to assist U.S.-based cryptocurrency companies in adhering to Generally Accepted Accounting Principles (GAAP). Through this partnership, crypto businesses can utilise Cryptio’s software to meet their reporting and accounting requirements effectively.

These initiatives highlight KPMG's proactive approach to adapting to the evolving financial landscape and underscore the firm’s dedication to providing cutting-edge solutions that address the diverse needs of its clients. This is particularly relevant for South African accountants and firms navigating the complexities of tax compliance and digital asset management.