6 min read

2019 Tax Season in Data: 06/30/2020

By Mark McAndrew on 7/9/20 9:00 AM

“Be not afraid of growing slowly; be afraid of standing still.” – Chinese Proverb

Topics: Tax featured Public Accounting COVID-19 Tax Season in Data Tax Season 2019
6 min read

2019 Tax Season in Data: 06/15/2020

By Mark McAndrew on 6/22/20 9:00 AM

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Being the fan of cliché’s and motivation quotes that I am, I’ve provided you a few throughout this blog series. In that spirit, here is a turn of phrase we’ve all used at some point, I’m sure, and coincidentally one that inspired Ben Franklin to come up with the quote I offered in my last blog. “There is no time like the present; a thousand unforeseen circumstances may interrupt you at a future time.”

Topics: Industry Tax COVID-19 Analytics Tax Season in Data Tax Season 2019
3 min read

5 Ways to Maintain Momentum During an Extended Busy Season

By David Harris on 5/28/20 9:00 AM

If this were a typical tax season, right now we’d be talking about how to maintain momentum post-busy season. My tips would include advising managers to focus their junior staff on studying for and passing their CPA and ethics exams, encouraging training and CPE acquisition, and recommending that everyone start planning vacations, even if it’s just a long weekend.

Topics: Your People Tax Public Accounting COVID-19 Tax Season 2019 Productivity Roadmap
7 min read

2019 Tax Season in Data: 05/20/2020

By Mark McAndrew on 5/25/20 9:00 AM

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"Don't put off until tomorrow what you can do today."

Benjamin Franklin is responsible for that piece of advice, and it's as accurate now as it was when he first said it in the eighteenth century. Rarely is postponi

Topics: Technology Industry Tax Public Accounting COVID-19 Analytics Tax Season in Data Tax Season 2019
5 min read

Tax Outsourcing Update: Lessons Learned During a Unique Season

By Ray Barlow on 5/18/20 9:00 AM

In reaction to the rapid spread of COVID-19, on March 24th, the Indian government passed mandated stay-at-home legislation for private businesses. For many tax outsourcing organizations, this meant temporarily pausing operations. A few outsourcing partners, like Xpitax, were able to implement business continuity plans and maintain security while operating in a reduced, work-from-home capacity.

Topics: Industry Outsourcing Tax featured COVID-19 Tax Season 2019
7 min read

2019 Tax Season in Data: 05/04/2020

By Mark McAndrew on 5/7/20 9:00 AM

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Yogi Berra once said, “If you don’t know where you are going, you’ll end up someplace else.” It’s a funny quip, one of those sayings that, on the one hand, doesn’t make much sense but, on the other, makes all the sense in the world. If you don’t know in advance where you want to be, how will you get to where you want to go? It seems like a reasonable concept, but when the course you plot changes, how will you react?

Topics: Technology Industry Tax COVID-19 Analytics Tax Season in Data Tax Season 2019
6 min read

2019 Tax Season in Data: 04/20/2020

By Mark McAndrew on 4/23/20 9:00 AM

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The simple definition of momentum is “mass in motion.” All objects have mass, so if an object is moving, then it has momentum - it has its mass in motion. The amount of momentum that an object (“it”) has is dependent upon two variables: how much and how fast “it” is moving.

Topics: Technology Industry Tax COVID-19 Analytics Tax Season in Data Tax Season 2019
4 min read

2019 Tax Season in Data: 04/01/2020

By Mark McAndrew on 4/6/20 9:00 AM

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It is an interesting time to be an accountant, especially for those of you who prepare, review, or file tax returns. Much like the adage, “may you live in interesting times,” we certainly do, and with it brings new challenges.

Topics: Technology Industry Tax COVID-19 Analytics Tax Season in Data Tax Season 2019
5 min read

4 Ways to Increase Your Tax Outsourcing Effectiveness

By Ray Barlow on 2/17/20 9:00 AM

Tax outsourcing has come a long way from its nascent beginnings back in the early 2000s. We know that tax outsourcing works - firms that outsource complete anywhere from 8-15% more returns during tax season than those who do not (based on an analysis of firms utilizing XCMWorkflow).

Putting it into perspective, for a firm used to a max capacity of 2,500 returns during tax season, with outsourcing, that firm could process an additional 200-375 returns. How do you think an increase in capacity 

Topics: XCM Spotlight Outsourcing Workflow & Productivity Enablement Tax