Barry Friedman CPA
Technology Required: Making 7216 Manageable
- Tuesday, 23 June 2009
Future-thinking firms are taking advantage of the latest and greatest technologies to elevate efficiency at all levels of operation. From automating tax document preparation to delivery of financial statements via portals, technology is at the heart of a well-run and profitable practice. But what about beyond core tax and accounting workflow? Technology certainly has a place in relation to compliance—for example with Internal Revenue Code Section 7216. Disclosure and Use mandates set forth in 7216 are complex and demand significant time investment. Tech-savvy firms realize that technology is the answer to streamlining the compliance process and are starting to transition from traditional, manual processes to a technology-driven approach.
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