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🔸Bench shuts down, leaving thousands of businesses without access to accounting and tax docs
Bench, a Canadian accounting startup, has abruptly shut down as of December 27, 2024, leaving over 35,000 businesses without access to their accounting and tax documents. The company's website is offline, except for a notice about the shutdown. Customers are advised to file a six-month IRS extension and can download their data until December 30, with a final deadline to do so by March 2025.
Bench recommends migrating to Kick, a new startup that recently raised $9 million. The sudden closure has shocked customers, many of whom expressed frustration on social media. Former CEO Ian Crosby criticized the board's decision to replace him, suggesting that such changes often lead to failure.
🔸Bench shuts down, leaving thousands of businesses without access to accounting and tax docs
Bench, a Canadian accounting startup, has abruptly shut down as of December 27, 2024, leaving over 35,000 businesses without access to their accounting and tax documents. The company's website is offline, except for a notice about the shutdown. Customers are advised to file a six-month IRS extension and can download their data until December 30, with a final deadline to do so by March 2025.
Bench recommends migrating to Kick, a new startup that recently raised $9 million. The sudden closure has shocked customers, many of whom expressed frustration on social media. Former CEO Ian Crosby criticized the board's decision to replace him, suggesting that such changes often lead to failure.
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