6SEPTEMBER 2023Editor's NoteShaping the Tax Functions of Tomorrow!Tax preparation has become an essential financial planning component for individuals and businesses in today's volatile economic environment. Tax leaders no longer have the luxury of relying on retrospective tax calculations and rough projections. Organizations are becoming more aware of the need to be technically proficient, environmentally conscious, data-driven, and predictive.The demand for flexible tax preparation services forces tax preparers to digitize their businesses. With consumers expecting everything to be as fast and easy as online shopping, they're turning to cloud-based tax preparation software and finding new efficiencies and ways to stay competitive.According to MarketsandMarkets, the global tax preparation market will grow at a CAGR of 10.8 percent from USD 21.0 billion in 2023 to USD 35.1 billion by 2027. This growth can be attributed to the increasing volume of financial transactions throughout verticals as a result of digitization, changes in the global tax legislative landscape, compliance maintenance with mitigated risks, real-time insights into the status, and high-quality tax data within the system of the record itself, and lower compliance costs through automation implementation.This edition of Financial Services Review highlights the key developments in the space and how tax preparation services firms are capitalizing on them. We have curated thought leadership articles from industry experts, including Jennifer Segall, Tax Director, ASTEC and Gary Watts, Vice President, Financial Advisor, Wealth Enhancement Group.We also took a deep dive into market trends to narrow down the list of top-notch tax preparation services firms. Equipped with innovative technological capabilities, tax preparation services firms such as Melanin Tax Solutions help transform tax functions at the cloverleaf of various disruptive technologies.We hope this edition of Financial Services Review on tax preparation services firms will help you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!tCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorJeff RodriguezVisualizerRonald DonovanAmelia Stewart*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@financialservicesreview.comeditor@financialservicesreview.commarketing@financialservicesreview.com September -20 - 2023, Vol 04 - 33 (ISSN 2835-9771)Published by ValleyMedia, Inc. To subscribe to Financial Services ReviewVisit www.financialservicesreview.com Jeff RodriguezManaging Editoreditor@financialservicesreview.comEditorial StaffAaron Pierce Ashik Jain Ancel Castelino Ava GarciaGilbert Hoover Joshua Parker
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