The Way Tax Season Should Be
doesn't have to be. With a stricter regulatory environment in place than in years past, federal, state, local and foreign tax filings as well as sales use tax, property tax, income tax, 1065 e-filing, 1099s and K-1s must be prepared with precision,.
The importance of the accuracy and promptness of these tax processes cannot be overstated. Nevertheless, rather than seek out an fund administration firm with experience and expertise to assist in these functions, many firms handle their taxes in-house.
Several issues arise with in-house tax accounting.
"Tax season can be a distracting chore, but it doesn't have to be."
The problem with in-house tax accounting
At Phoenix American, we often find that clients are reluctant to outsource their tax document processing. This is due to a misunderstanding of the true costs involved.
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