CPAs are increasingly using technologies in new ways in their practice. Data mining and data analysis are two applications that have been particularly hot as of late. Interestingly, CPAs aren't the only ones taking advantage of these advances in technology. Taxing authorities are also doing so.
There was an article in BusinessWeek online that pointed out that the Texas Comptroller's office suspected Texans were buying private planes out of state to dodge sales taxes. So the agency installed technology that matched federal airplane registrations with state tax records, and that quickly resulted in the collection of $5 million in unpaid taxes from 43 Texans. The same article indicates California used technology to identify 600,000 non-filers, and collected an extra $184 million in one year.
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