The tax practice remains central to the operation of many, if not most, accounting firms, but despite advances in technology many of these services still involve a high number of manual processes. This is often the case starting from the gather phase, when accountants are collecting the materials they need from their clients, often in a less-than-efficient manner.
In this white paper we examine this topic using recent research from accounting professionals, addressing issues such as:
- Where accountants face bottlenecks during the tax preparation process
- The tools accountants are using at different stages of the tax prep process
- How streamlining the gather phase can improve overall efficiency
- Tools that can help the gather phase become less cumbersome