Description
Less paperwork, more efficiency:
Since Virtual Accounting firms only keep digital copies of their client’s records, they provide significant benefits for their clients’ data retention requirements. Virtual firms usually scan all sensitive Tax documents; clients can easily have access to historical tax returns and copies of supporting documentation without the need to retain physical copies of these documents.
Increased security:
Since sensitive client financial information is often stored in the cloud rather than in traditional filing cabinets, or servers located in a physical office, information is more secure. Access to cloud storage systems are heavily encrypted and backed up across multiple locations.
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