Why do users of QBO want to align their companys tax form with their companys accounts?

Multiple Choice

• If they align both it is easier for the IRS to rely on their tax return and reduces their audit risk.

• It allows more employees from the company to have input into generating their companys financial reports.

• Banks will recognize their organization and view their system as more trustworthy. This increases their ability to obtain financing.

• Information in the accounts feeds into lines on the tax return which reduces extra work needed at year end when tax returns are prepared.

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