Accountants across Canada share their challenges and successes during tax season and throughout the year.
What challenges have Canadian tax practitioners encountered in the past year, and how successfully did they meet them?
Findings from the fifth annual accounting industry and tax season challenges survey saw the resumption of many pre-pandemic activities, including return-to-office for staff and in-person meetings with clients. Overall, accounting firms expressed high satisfaction with their ability to handle tax returns, but there is still room for improvement in various areas, such as staff stress levels and automation integration.
Some high-level findings showed that:
- Firms continue to successfully adapt to remote work and have effective collaboration among staff.
- Tax compliance software has had a positive impact on remote tax preparation.
- Firms employed tax diagnostics to file more accurate returns and are prioritizing accuracy and efficiency.
- Automation features, such as autofill and job tracking, significantly saved time for firms.
Learn more about the Survey findings and download the Report now! >>