If tax compliance is looking out the rearview mirror, then just imagine how tax professionals can help their clients if they're willing to look out the front windshield and give them advice on the road ahead.
There is a growing trend of firms of all sizes shifting their focus from primarily tax compliance toward tax planning and strategies (see
Below are 11 specific areas where clients can benefit from forward-looking advice.
The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.
Payment solutions provider Bill released a tool that lets users manage their AP needs and 1099-NEC and 1099-MISC forms together from a single platform.
The features automate audit planning over multiple periods and provide in-context guidance for end users of the audit management platform.
From those with no corporate tax at all, to those that tax everything they can — a guide to most and least competitive states when it comes to taxing businesses.
The financial operations platform's latest release features enhancements to its professional cloud as well as bolstered AI, analytics and automation capacities.
Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.
