Did you know that the tax compliance process is so time-consuming and expensive that individuals and businesses end up spending billions of hours and over $300 billion every year to comply with federal tax laws? This also includes filing returns and...
Did you know that the tax compliance process is so time-consuming and expensive that individuals and businesses end up spending billions of hours and over $300 billion every year to comply with federal tax laws? This also includes filing returns and maintaining records.
Every person, irrespective of their profession has some impact of late or poor tax preparation and filing. That is why, they seek the support of experts. Over the years, the role of accounting and CPA firms has evolved – from merely completing the tasks to becoming an advisor. And hence, they should be able to make use of all the support available to them.
Many accounting firms have turned to outsourcing during peak seasons like the tax season. But what they often overlook is the background areas where they could use help. This leads to additional manhours, errors during filing, and even penalties.
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