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SurePrep If outdated 1040 tax technology isn’t doing your firm any favors, you need SurePrep I’m ready The post Transforming tax preparation: How SurePrep revolutionized this CPAfirm appeared first on Tax & Accounting Blog Posts by Thomson Reuters.
This efficiency gain represents an average annual value of $19,000 per professional and contributes to a combined $32 billion annual impact across the legal and taxaccounting sectors in the United States alone. 53% of taxfirms report significant skills gaps, creating a barrier to adopting the very technology they need to compete.
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Disclaimer The information provided in this blog is for general informational purposes only and reflects observations and recommendations related to outsourced accounting. Basis 365 Accounting is not a CPAfirm and does not provide tax advice, tax preparation, or filing services.
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We have worked with a tax professional to outline some key considerations for what entity type you should be looking into. Before making any decisions, speak to your attorney and taxaccountant to make sure you are the correct entity type at this time. You really should review this periodically as laws and tax code do change.
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Where, at first, these effects were mostly felt in communication and research, the turn of the century and the first decade of the 2000s saw firms more rapidly embrace suites of integrated tax, accounting and firm management systems. Instead is truly innovating how taxes are done.
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