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Keeping in mind the benefits of technological integration, the conversations revolve around the future of accounting platform and how much the work processes have changed already. Here鈥檚 how technology is modifying tax practices.
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Automated workflow processes have provided tax professionals with more opportunities to work on growth. Sharing data with clients and other team members to work in collaboration is extremely easy.
2. Cloud The introduction of cloud technology has taken the world by a storm and transformed work processes for every industry. For tax and accounting, the use of cloud hosted applications has taken companies to another level and increased the level of competition.