Top Tax & Accounting Mistakes That Cost Companies Millions
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"Top Tax & Accounting Mistakes That Cost Companies Millions"
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Technology has remedied a number of business issues, from automating processes to yielding faster, higher quality customer service -- but it has yet to eliminate the problem of human error.

Within accounting and tax departments, human error tends to have outsized effects, with different levels of financial and reputational consequences. In 2013 alone, U.S. businesses accumulated nearly $7 billion in IRS civil penalties due to incorrectly reporting business income and employment values.

Even as firms seek to cut their effective tax rates through more divisive procedures like inversions, improving existing tax and accounting practices promises a more sustainable vision. 


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