The challenge: Time-consuming tax preparation
Like many accounting firms, Madsen, O’Meara and Company spent endless hours on manual tax preparation. During busy season, the high volume of work combined with limited staff handicapped their ability to take on strategic engagements.
“We were so pressed for time to try to get the work out the door at any price. There just was not enough hours in the day,” says Edgar Madsen.
These bottlenecks revealed a clear need for CPA firm automation. So, they integrated SurePrep as an extension of Thomson Reuters UltraTax CS to test the waters before busy season hit. The team adopted 1040SCAN and SPbinder to scan and index workpapers for easy organization and streamline review.
To dig deeper, visit the original article on the Thomson Reuters blog.