TaxCalc, a Wokingham-based provider of tax compliance and practice management software, has received a significant investment from STG Allegro. The funding will support TaxCalc's continued innovation in tax and accountancy solutions, customer success initiatives, and expansion of its offerings to meet the needs of accounting firms transitioning from legacy systems.
Founded in 2004 by Tracy Ebdon-Poole, TaxCalc serves over 11,000 UK-based accounting firms and has grown to over 110 employees. Its comprehensive suite of products, including WorkFlow, Communications Centre, and CloudConnect, has earned it accolades such as the AccountingWEB Software Excellence Awards.
STG Allegro, a private equity firm specialising in data, software, and analytics companies, aims to partner with TaxCalc to enhance customer-driven product innovation and expand its market leadership. Future developments include MTD tax solutions and Charity Accounts, set to launch in 2025.
