PERCENTAGE OF TAX FILING DATES MISSED

Description: Many types of tax forms can be delayed by filing for extensions, a practice that gives tax accountants a great deal of leeway in completing tax returns. In many cases, the information required to complete a tax return may not even be available, so that the tax staff has no choice but to ask for an extension. However, there are also many cases where lesser returns, such as sales tax payments or franchise tax returns, must be filed by a specific date, or else penalties will be incurred. The percentage of tax filing dates missed as an ongoing trend-line measurement can indicate whether this is an ongoing problem. If the measurement shows that the percentage continues to increase over time, it is possible that the tax department is understaff....