Seamless Integration of Accounting Platform with Tax Filing Software

Overview

Our client is a long-established business process outsourcing firm that provides finance, recruitment, IT software and corporate advisory services. They were trying to penetrate the US market with their accounting product but faced a significant challenge. Their accounting platform is designed to generate output for tax firms. This required integration with three major tax filing firms in the US. However, owing to the tax regulation complexity, they needed to annually update around 900 forms. This posed a significant challenge in accessing the documentation, updating it and integrating the APIs.

Use Case/Challenges

As part of their accounting services offering, our client needed to provide tax returns in a format compatible with some of the leading tax filing solutions providers. This required distinct API and integration protocols.

They also needed to collate and update forms every year that were influenced by the regulation and budget changes.
Gaining access to the necessary documentation and integration APIs required extensive research, consuming a significant portion of the project timeline.

Our Solution

To address these challenges, our team implemented a robust integration strategy:

API Integration

We successfully integrated their accounting platform with the tax filing firms’s software, enabling seamless data transfer and synchronization between the accounting system and the tax software.

Automation

By automating the integration processes, we significantly reduced the manual effort required to update the forms annually, ensuring compliance with the latest regulations.

Testing & Validation

Rigorous testing was conducted to validate the accuracy and reliability of the integrations, ensuring that the platform met the high standards expected by US tax professionals.

Technology Stack

Frontend: Angular JS for dynamic and responsive user interfaces.
Backend: ASP.NET Core API with Entity Framework (Code First) to ensure a scalable and maintainable backend structure.
UI Components: Utilization of Angular components and MVC Razor for seamless interaction between the frontend and backend.
Database: SQL database to manage and store the extensive data generated by the accounting platform.

Engagement Benefits

Reduced Workload: The integration reduced the client’s workload, streamlining the annual form update process and improving efficiency.
Enhanced Market Penetration: With the successful integration of their product with major US tax software, the client is now well-positioned to expand their presence in the US market.
Scalability: The solution is designed to accommodate future changes in tax regulations, ensuring long-term viability and ease of maintenance.

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"We wanted to streamline and automate a bulk of our tax preparation work. Aascent Info Solutions worked on an ingenious solution that improved our product’s functionality and positioned us to better serve our clients in the US. We are truly impressed by their team’s professionalism and expertise.”

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