TOP 5 CHALLENGES FACED BY TAX PROFESSIONALS (CLOUD AS A SOLUTION)
Complexity of tax filing is not the only concern for tax professionals, but data security, realtime access, etc. are also some of the challenges faced by them.
Here are the top 5 challenges faced by tax professionals and how cloud helps fix them
TEAM COLLABORATION It is often difficult and time-consuming for tax professionals to collaborate with their team as multiple copies of files have to be created and shared via email. SOLUTION Tax software hosting helps professionals in collaborating remotely with the users, which brings the team together on the same platform for faster and efficient tax filing.
REAL-TIME INSIGHTS Inability of real-time access to tax data has proven to be a great challenge for tax professionals.
SOLUTION Hosting tax software on cloud provides multiple users the ability to access tax files and data from different locations in real time.
DATA SECURITY Tax profession involves dealing with client's confidential data, which is prone to high level of risks such as accidental deletion or cyberattacks. SOLUTION
Tax software hosting offers multiple protection measures like end-to-end encryption, anti-malware, multiple firewalls, and data backup, which ensures data security.
OPERATIONAL COSTS Whether big or small, most tax firms have to spend excessively on hardware maintenance and replacement. SOLUTION Cloud hosting provider offers fully managed IT setup, maintenance, and configuration of the software, which saves IT expenditure of a business.
ELASTICITY AND SCALABILITY In a growing business, tax professionals are often concerned with lack of customization of resources as per their business requirements. SOLUTION Hosting tax solutions offer custom pay-as-you-go plans and scalability of resources to meet the changing business requirements even during the tax season.
About Us Ace Cloud Hosting, the winner of the User Favorite Award in application hosting category at Accountex USA 2016, ranks amongst the leading Tax Software Hosting Providers. We provide Tax Software Hosting on superfast SSD-based servers with 99.999% uptime, 100 days backup, and always-on support. To know more, please visit: www.acecloudhosting.com
Or call us at: 1-855-ACE-IT-UP
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References Why the Cloud Can Improve Your Practice Management
Intuit ProConnect
5 Benefits of Hosting Your Tax Software on Cloud
Ace Cloud Hosting
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