Total Cost for Cars and Managing Tax Compliance
A Consumer Reports article shared the consumer-research organization’s comprehensive “owner-cost” calculations for cars. The article debates depreciation, fuel costs, insurance, maintenance and repair. This approach is similar to comparing the "total cost of ownership" for tax compliance outsourcing.
When tax executives weigh the option of outsourcing returns, they typically compare the cost of managing the returns in-house vs. the outsourcing fee. As they should, of course. But it is also important to ask whether these cost estimates are comprehensive.