From the December 2009 Review of Tax & Accounting Research Systems.
Tax and accounting professionals have information needs that span many different categories, from income taxation for individuals and business entities at the federal level and each of the states, along with international taxation issues, plus the need for detailed guidance on GAAP, IFRS and other accounting standards. The information can be so broad and originates from so many government entities, courts, standards boards and professional associations that, even though the Internet has made research much simpler for professionals to find the information they need, it can still be overwhelming.
Many of the technology vendors that make the leading general tax research systems also offer more specialized tools for these specific needs, with resources covering tax prep, planning, accounting and practice workflow functions. When used in conjunction with a firm’s full research system, these specialized utilities can empower professionals by giving them streamlined access to greater information and resources, all at the touch of a few keys.