When it comes to tax season, compliance and technology are two of the hottest buzz words. Government mandates such as the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Sarbanes-Oxley Act of 2002 have shortened the financial reporting timelines while increasing scrutiny of reports. Originally 60 days long, reporting timelines have been cut down to just 45 days – which means more stress on your tax professionals and more room for errors.
Now more than ever, companies are investing in experienced tax experts and efficient, user-friendly technology to stay compliant with growing regulations. But that’s just the beginning. Companies are no longer relying on their IT departments to install these technologies – they want tech-savvy tax experts who can offer insight into what’s happening on both sides of the tax desk.
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