Articles

It’s Tax Season: How Big Data Is Transforming The Filing Process

People all over the United States have been preparing themselves for the impact of tax reforms passed in 2017. Of course, some of these changes provide massive benefits to businesses and individuals, while others remove certain deductions we’ve become accustomed to.

An accountant is still a filer’s best friend when it comes to taxes, but there’s also a surprising ally in properly accounting for and maximizing benefits in modern tax filing: big data. We all know that big data has made its way into just about every industry to streamline processes and shape business strategy, but many companies haven’t considered just how big data can play a role during tax season. Even individuals can benefit from the opportunities. Here’s how.

Source: dataconomy.com
Author: Ryan Ayers

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