Kyle Christenson

Today is Day 652 @RivetTax. Since launch, we’ve filed over 1000 tax returns for companies like Cursor & Cognition. We've become #1 most-rated firm on Sam's List. But today is special, because we get to announce our $5.1m seed round led by XYZ Ventures & Susa Ventures.

BREAKING: @RivetTax raises a $5.1M seed round to bring AI to tax prep. Led by former Ramp exec @NickAbouzeid, the company blends automation with ex–Big 4 accountants and already serves Cursor, Cognition, and ModRetro. Nick will be on TBPN today at 1:30p PT to discuss.

Today is Day 652 @RivetTax. Since launch, we’ve filed over 1000 tax returns for companies like Cursor & Cognition. We've become #1 most-rated firm on Sam's List. But today is special, because we get to announce our $5.1m seed round led by XYZ Ventures & Susa Ventures.

Today is Day 652 @RivetTax. Since launch, we’ve filed over 1000 tax returns for companies like Cursor & Cognition. We've become #1 most-rated firm on Sam's List. But today is special, because we get to announce our $5.1m seed round led by XYZ Ventures & Susa Ventures.

Today is Day 652 @RivetTax. Since launch, we’ve filed over 1000 tax returns for companies like Cursor & Cognition. We've become #1 most-rated firm on Sam's List. But today is special, because we get to announce our $5.1m seed round led by XYZ Ventures & Susa Ventures.

It’s Day 329 at Rivet, but today is just the beginning Proud to announce – we've acquired @LobbySo to power the future of AI-empowered tax prep, with Lobby's founder @WiLSONSACCOUNT joining Rivet as our founding engineer to drive our AI efforts internally Tax prep is both art and science. The art is in interpreting IRS guidance and guiding clients through their own interpretations of their financial realities. The science is a set of tasks that need to be completed to furnish a completed tax return to a client, most of which involve finding some specific string of numbers or letters, a needle in a haystack of emails, PDFs, Zoom transcripts, and Slack conversations. The art of tax preparation cannot and should not be automated. But the tedium of trawling 1000s of pages of PDFs for a specific cost basis for a secondary sale, or thumbing through a transcript for the name of a subsidiary entity mentioned once, that absolutely should be. The meat of tax preparation isn’t just converting a single W-2 or K-1 into a data packet that Drake or CCH can interpret, but knowing where to find needles in client-provided haystacks. Wilson and the rest of the Lobby team spent the last three years focused on reliably pulling specific answers from reams of unstructured data. And just in the last month of working together, we know we’ve made the right call having Wilson join the team. Personally, I’m just excited for next tax season when we can put all of his & the rest of the team’s hard work all to good use! 🥂

Excited to introduce the company I've been working on for the past ~18 months Taxwire.com. Taxwire solves sales tax compliance for founders, finance, and accounting teams scaling across multiples states and countries. Our customer base spans SaaS companies like @Pulley, e-comm brands like @TilitNYC & @Italic, retro video games makers like @modretro, modern media cos like @PirateWires, and many other modern and legacy industry businesses alike. We also partner with several accounting firms to solve sales tax for their clients and internal accounting + tax teams. We can handle both simple and deeply complex businesses. Our products and services help companies: 👇 - Understand tax exposure & nexus – in other words wtf you should be doing about sales tax - Fix messes – clean up messy tax situations (e.g. we went from 0 to $10M in revenue and have collected no taxes) and/or save money on historical tax liabilities (e.g. avoid getting wrecked by penalties from governments for historical taxes) - Register – get and maintain licenses, registrations, and permits required for collecting/remitting taxes - Calculate tax rates – collect taxes accurately across your billing + payments + commerce stack - File & pay tax returns – autofile recurring tax returns & payment remittance Common scenarios where Taxwire makes sense for scaling companies: 👇 - Companies getting sales tax compliant for the 1st time – e.g. you haven’t been collecting sales tax (even though you should) or you just started to cross meaningful revenue thresholds ($1-2M in revenue). - Switching from Insert Legacy Tax Provider – If you’re switching from another tax software / services company, not only can we make the switch easy (e.g. we do the migration heavy lifting + buyout your existing contract), but we can also find + fix previous tax errors, potentially recovering thousands of dollars in overpaid taxes. - I have no f*cking clue what I’m supposed to be doing. Pls help. – We got you. Have helped a bunch of folks figure out a no B.S. take on what they need to be doing with sales tax (if anything). A good example of scenarios 1 and 2 – we recently helped our friends at Italic recover over $200k in overpaid sales tax within their first month post switching from their original provider. --- Why sales tax compliance? Well, global transactions taxes (aka indirect taxes as the tax pros call it) are a much bigger problem space than most realize. Before the internet, sales tax was a Fortune 500 problem. Walmart has a sales presence in damn near every jurisdiction in the world. Post-internet, we have e-commerce, marketplaces, SaaS, remote work, AI, etc. Every company by default sells across multiple states and/or countries. Regulatory changes in the US and abroad have made collecting and remitting sales tax, VAT, and GST a problem for virtually any company with material sales in more than one tax jurisdiction, with or without a physical presence. Our goal is to solve indirect tax compliance globally - for every jurisdiction, product, tax filing, and edge case. From initial compliance all the way to defending audits from the gov. It's a big, complex problem space. We're just getting started and have much work to do. If you’ve dealt with or are dealing with sales tax compliance for your business or clients, I’d love to chat and see if we can be helpful. My personal phone number is 513-520-1578. My DMs are open. Or email me at andrew@taxwire. Happy Monday.🫡

Newest joiner at @RivetTax – Luis Vinke Luis is our first Account Manager at Rivet, after 3 years at BCG and getting his MBA from MIT. He's also a former founder, our third out of 10 FTE. 🚀 We interviewed dozens of AMs for our founding AM role. It's not an easy needle to thread – the ideal candidate needs to be comfortable working with our entire spectrum of clients, from executives at unicorns, to unicorns themselves, to the VCs funding these unicorns, to influencers with millions of followers, each of whom deserve world-class support and guidance as they work through their tax prep needs. They also need to be deeply detail-oriented, and able to distill complex technical tax concepts into plain English for clients. Luis is already rocking & rolling, wrapping up EOY workstreams for clients. He's already filed a half-dozen returns, fixed our cover letter templates & completely onboarded Rivet onto Pylon – all in two weeks! So excited to have you join the team, Luis! 🙂