Meet Neo, your AI-powered Co-GP.
Faster K-1 Delivery
Many of our clients deliver K-1s by March 15 every year. When books are clean, there's nothing to reconstruct.
FUND ADMINISTRATION / K-1 & TAX SUPPORT
End K-1 Chaos with Year-Round Fund Admin
K-1 season is always late, expensive, and stressful because your books aren't clean year-round. Fund administration keeps ledgers and investor accounts accurate all year, so your CPA gets a ready-to-use package instead of reconstructing history.
The Tax Timeline
Clean books all year → Clean K-1s in March
Q1
Capital calls
Distributions
Q2
NAV calcs
Partner allocs
Q3
Adjustments
Reconciliation
Q4
Year-end close
Final review
MARCH 15
K-1s Delivered
Clean, accurate data your CPA will love
Faster filing
Lower costs
100% accurate
The Problem
Every year it's the same story: February arrives, your CPA starts asking for data, and your team scrambles to pull together spreadsheets, recreate transaction histories, and reconcile investor accounts. K-1s go out late, investors complain, and you're paying CPA rates for bookkeeping work.
The Solution: Clean Books All Year
Fund administration keeps your fund's books, investor capital accounts, and reconciliations accurate throughout the year. When tax season arrives, your CPA receives organized, reconciled data – not a puzzle to reassemble.
Lower Tax Prep Costs
Your CPA isn't spending billable hours recreating ledgers. They focus on tax strategy and compliance, not data cleanup.
Fewer Corrections
Year-round reconciliation catches errors before they become K-1 amendments. Investors receive accurate documents the first time.
Happier Investors
On-time, accurate K-1s protect your reputation. Late tax documents are one of the top investor complaints.
Before & After
Without Fund Admin
- Spreadsheets and portals with inconsistent data
- February scramble to gather transaction history
- CPA reconstructing books at year-end
- K-1s delivered late (April, May, or later)
- Amendments and corrections throughout tax season
- Investor complaints and frustration
With Fund Admin
- Single source of truth maintained all year
- Investor capital accounts always current
- CPA receives organized data package
- K-1s delivered by March 15
- Accurate documents the first time
- Investors receive timely, professional service
Work With Your CPA, Not Against Them
Fund administration complements your CPA – it doesn't replace them. We handle the accounting and investor records; they handle tax compliance and strategy.
Fund Admin Provides
- Reconciled general ledger and trial balance
- Investor capital account records
- Transaction-level detail for all activity
- Book-to-tax reconciliation workpapers
- Organized data package for K-1 preparation
Your CPA Handles
- K-1 and 1099 preparation
- Tax return filings
- Tax strategy and planning
- State income tax calculations
- Investor tax inquiries
Many CPAs prefer working with administered funds because they receive clean, organized data. It makes their job easier and your K-1s better.
Tax Support Services
Year-Round Fund Accounting
Clean general ledger, trial balance, and financial statements maintained throughout the year.
Investor Capital Accounts
Accurate tracking of contributions, distributions, transfers, and ownership for every investor.
Book-to-Tax Reconciliation
Workpapers reconciling book accounting to tax accounting for your CPA.
Tax Basis Calculations
Track tax basis throughout the year, not just at year-end.
K-1 Data Package
Organized data package delivered to your CPA with everything needed for K-1 preparation.
K-1 Production Support (Optional)
Add K-1 production services for funds that want end-to-end tax document preparation.
Business Outcomes
K-1s by March 15
Clean year-round books mean your CPA can deliver K-1s on time, every year.
Lower Total Tax Costs
Less CPA time spent on data cleanup = lower tax prep bills.
Investor Confidence
On-time, accurate tax documents build trust and support follow-on commitments.
Reduced Stress
No more February fire drills. Tax season becomes a managed process, not a crisis.
Who This Is For
Sponsors Who Struggled Last Tax Season
If K-1s went out late, investors complained, or your CPA bill was higher than expected, fund admin solves the root cause.
Funds Considering a Back-Office Hire
Before you hire someone to manage spreadsheets and chase down transaction data, consider outsourced administration.
Growing Funds with More Investors
As investor count grows, the tax complexity multiplies. Fund admin scales with you.
Funds with Complex Structures
Multi-entity structures, waterfalls, and preferred returns create tax complexity. Professional administration handles it.
Common Concerns
"Our CPA already does everything."
Great CPAs focus on tax strategy and compliance – that's their expertise. Fund administration handles the year-round bookkeeping and investor accounting so your CPA isn't doing data cleanup at $400/hour.
"We're too small to need this."
Smaller funds often benefit most. You probably don't have the budget for a full-time accountant, but you still need accurate books. Fund admin gives you professional accounting at a fraction of the cost of a hire.
"Can't we just hire someone part-time?"
Part-time hires often lack the specialized fund accounting knowledge. They're also unavailable when you need them most (tax season). A fund administrator provides a team of specialists with consistent processes.
K-1 & Tax Support Options
Full Fund Administration
Contact for Pricing
Complete fund accounting with tax support included
- Year-round fund accounting
- Investor capital account maintenance
- Book-to-tax reconciliation
- Tax basis tracking
- K-1 data package for your CPA
- Audit support included
K-1 Production Add-On
Custom pricing
End-to-end K-1 preparation and delivery
- All Full Fund Admin services
- K-1 preparation and review
- State withholding calculations
- Investor K-1 delivery
- K-1 inquiry support
K-1 & Tax Support FAQs
- How does fund admin help with K-1s and tax season?
- Because books and investor ledgers are kept clean all year, your CPA receives a ready-to-use data package instead of reconstructing history. K-1s go out earlier with fewer corrections.
- Will you replace our CPA?
- No. Fund administration complements your CPA. We handle year-round accounting and investor records; they handle tax compliance, K-1 preparation, and tax strategy.
- Can you prepare K-1s directly?
- Yes, with our K-1 Production Add-On. We coordinate K-1 preparation, review, and delivery. For many funds, we work with their existing CPA who handles the final K-1 production using our data.
- How early can K-1s be delivered?
- Many administered funds deliver K-1s by March 15. The timeline depends on receiving final audit numbers and asset valuations, but clean books eliminate the data-gathering bottleneck.
- What about state withholding and UBTI tracking?
- Full fund administration includes tracking for state withholding requirements and Unrelated Business Taxable Income (UBTI) for tax-exempt investors.
- What if we're mid-year? Can we still start?
- Yes. We can onboard mid-year with historical data migration. Starting earlier in the year means cleaner books for the next tax season.
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Learn moreReady to end K-1 chaos?
Talk to a specialist about tax support and year-round fund administration.