The document discusses a Canadian accounting firm's challenges with tax return processing and the solutions provided by Datamatics. The firm needed more efficient processing of personal and corporate tax returns while reducing turnaround times and increasing accuracy. Datamatics deployed tax management software and experts to prepare returns, set up a quality team to update on tax laws, and standardized processes to improve efficiency and achieve quicker turnaround times and higher accuracy for the accounting firm.

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Individual and corporate taxation
About client
 A leading Canada based Chartered Accounting Firm.
 Provides finance and tax resources for entrepreneurs, family business owners and professionals.
Challenges
 To achieve cost efficiency in processing:
‒ Personal Income Tax returns [T1]
‒ Corporate Income Tax returns [T2]
‒ Write-up/bookkeeping services
‒ Accounts payables & receivables
‒ Financial presentation
‒ Bank reconciliations
 Reduce turnaround time (TAT) and increase accuracy in return preparation.
Solutions
 Deployed an eTM [e-Tax Manager] and a dedicated workforce of experts in Canada individual and corporate tax to
manage the inflow and outflow of tax returns.
 Project coordinator and quality team was set-up to update the client about Canadian tax laws and tax treaties with
US to maintain accuracy and achieve quick turnaround time.
 Worked closely with the client to design quality checklist to standardize processes and workflows.
 Reviewed question banks and standing instructions to avoid repetitive queries and improve TAT.
 Managed unstructured documents and executed systematically tax payers secure data.
Benefits
 Increased efficiency and effectiveness through integrated technology and processes.
 Achieved quicker TAT through 24X7 dedicated technical support.
 Due to high accuracy in return preparation the client currently enjoys high target achievement.
We want to appreciate your
quality work & also for the
turnaround time of T1
returns, keep it up.
— Senior Partner,
A leading Canada
based CA firm.
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