It provides youth with the practical tools and experience they need to succeed in the real working world. KPMG Spark’s focus has been on small cash-based businesses, including solo entrepreneurs. Decimal, which originally did business as Somerset Cloud, was established in 2019 by local accounting firm Somerset CPAs and Advisors. The following year, Tait and fellow Somerset executive Jacob Cloran acquired Somerset Cloud and changed its name to Decimal. Decimal, which operates as a remote-only company, now has about 80 employees as a result of the acquisition, Decimal CEO Matt Tait said. He declined to specify how many of those were acquired from KPMG Spark.

• Join the thousands of business and community leaders and Indiana residents that choose IBJ as their primary local news source.
• It also assigns you a dedicated bookkeeper and CPA responsible for preparing monthly statements, processing payroll, and preparing end-of-year tax filings.
• “Robotic process automation, intelligent automation and other emerging technologies are just beginning to disrupt the accounting and tax services industries,” said Jeffrey C. LeSage, Americas Vice Chairman – Tax at KPMG.
• KPMG has introduced KPMG Spark, a tax and accounting technology service aimed at small and midsized businesses.
• “At Decimal, our mission is to provide unparalleled service to our clients. That’s why we prioritize partnering with the best technology providers,” said Matt Tait, CEO of Decimal.
• But Decimal raised $9 million in June to further accelerate its growth, which it says has been 200% year-over-year.
• Our high school programs will help you explore career paths, develop your skills for the future and build long-lasting relationships.

People & Culture

Decimal provides comprehensive financial operations solutions for SMBs, including bookkeeping, tax support, payroll, and more. With a focus on delivering tailored services, Decimal helps businesses achieve their goals through the thoughtful integration of technology, processes, and expertise. Decimal previously acquired KPMG Spark from KPMG, LLP to further its mission of modernizing financial services. “At KPMG Tax, our strategy is laser-focused on meeting the evolving needs of our core client segment and delivering an innovative and differentiated experience,” said Rema Serafi, National Managing Partner – Tax at KPMG.

Accounting & Auditing

The other notable thing about the Spark platform is the hands-on service. When you enter your dashboard, you’ll find your bookkeeper’s and account manager’s contact details clearly displayed on the right-hand side of the screen. They may also contact you if something in your data needs clarification. You can also share documents with your bookkeeper using the inbuilt shared Dropbox tool. Manual bookkeeping means wasted time, stacks of paper, endless data entry, writing checks…with Decimal there’s a better way.

Marketing Specialist – Bookly

Spark is the platform through which it helps SMBs and startups stay tax compliant. KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. We don’t take retainers or bill you for extra hours… Decimal’s price aligns incentives and forces us to truly understand your business, improve processes, and create a competitive advantage through stronger financial operations. © 2025 KPMG LLP, retained earnings balance sheet an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

Who is Decimal?

With KPMG Spark, you get an all-in-one solution comprising bookkeeping technology on the one hand and a dedicated team kpmg spark of bookkeepers and accountants on the other. This solution is perfect for any business owner looking to outsource all their bookkeeping and payroll duties. Decimal is a software-as-a-service firm that helps small-to-medium-sized businesses automate and outsource tasks such as bookkeeping, payroll and bill-paying. As PYMNTS reported at the time, KPMG Spark deployed technology from Bookly, a company acquired by KPMG earlier that year, and the new product was one of KPMG’s steps into the small business financial services world. Top10.com is designed to help users make confident decisions online, this website contains information about a wide range of products and services. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice.

• In this case, ‘accounts’ means any source of transactional data (e.g. checking, savings, credit card, loan accounts, Square, PayPal).
• At KPMG in Canada, “do work that matters” means contributing meaningfully to our clients, people, and the communities we serve in ways both big and small.
• At the time of this writing, the extent of tax services offered through the system, and more detailed pricing information, were not available.
• For small businesses, the software starts at $195 per month for basic accounting services.

Company

Simply choose a bank/card, select the financial institution, then enter your username and password to give Spark read-only access to your data. If you work with a financial institution that doesn’t support Spark, you can upload data manually. KPMG Spark manages everything to do with accounting, tax preparation, and payroll.

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• Indianapolis-based accounting-tech firm Decimal LLC has acquired KPMG LLP’s cloud-based bookkeeping business, known as KPMG Spark.
• When the recipient is selected by KPMG, they must provide their enrollment confirmation (scholarship is conditional of this).
• In June 2022, Decimal raised $9 million to accelerate growth and platform development and continue its more than 200% year-over-year growth.
• They may also contact you if something in your data needs clarification.

The acquisition of Spark gets Decimal one step closer to its goal of solving accounting operations for SMBs. For KPMG, the transaction will allow the firm to sharpen its focus on its core business and suite of services. “With this acquisition, Spark clients will also gain enhanced accounting operations capabilities, which will simplify their back-office tasks and allow them to focus on building their businesses.” “The acquisition of Spark gets Decimal one step closer to its goal of solving accounting operations for SMBs,” said Decimal CEO Matt Tait in a statement Wednesday. Decimal, a fintech company offering bookkeeping and accounting operations for small and medium-sized businesses, has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark, owned by Big Four tax, accounting and advisory firm KPMG LLP. Decimal, a leading fintech company offering bookkeeping and accounting operations for small and medium-sized businesses (“SMBs”), today announced it has acquired the cloud-based bookkeeping service and certain other assets of KPMG Spark (“Spark”).

By working with our customers across all spaces, we’ve identified the best technology to enable your business for any scenario. Tie your operations to our recommended accounting technology & improve processes along the way through automation and outsourcing of bookkeeping and payroll services repetitive tasks. Decimal learns how you operate, discovers the goals of your business, and understands the nuances of your industry to build the best solution. Avoid spending too much time trying to recruit the perfect accountant and work with a team of experienced professionals.

We have the tools and resources to support your learning and growth on your next journey. Our high school programs will help you explore career paths, develop your skills for the future and build long-lasting relationships. You will have the opportunity to work alongside experienced leaders, participate in various programs, workshops, and events, and discover a community that celebrates the unique perspectives that you bring to the table. Indianapolis-based accounting-tech firm Decimal LLC has acquired KPMG LLP’s cloud-based bookkeeping business, known as KPMG Spark.