Carta launches fund tax tool
Carta, a provider of fund administration software, has launched a fund tax tool with the aim of supporting GPs with managing their fund accounting and taxes.
According to the company, features include:
- A single point of contact for fund accounting and taxation
- Assisting with end-of-year filings and real-time allocation calculations
- Providing draft K-1s for LPs.
“We’re creating a new standard of day one financials: delivering draft quarterly financial statements on the first business day after the end of the quarter,” said Megan Greer, head of venture capital delivery at Carta, in a related statement.