Finding qualified staff can be difficult—and training new hires while tax season ramps up is even more inconvenient. Outsourcing tax preparation to an experienced team with quick turnaround time helps you prepare more returns without hiring additional team members. OBS specializes in accurate and timely tax return preparation when outsourcing. Our experienced team has delivered top-notch results to 300+ global clients, ensuring meticulous attention to detail and adhering to strict timelines.
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- Contact our team to find out which of these solutions is right for you or learn more about 1040SCANverify.
- A reputable income tax outsourcing service will have clear and transparent documentation about their security protocols.
- After selecting a provider, a well-structured contract and thorough onboarding process are essential to establish a successful and efficient partnership.
By choosing a reputable provider, you can demonstrate the value of outsourcing through improved results and enhanced service. Outsourcing even a portion of your workload can help make peak season more manageable. Our staff uses the same tax software as your firm, so you can review it as if your own staff prepared the return. We adhere to stringent quality checks, utilize advanced software, and keep abreast of the latest tax regulations to ensure precise, high-quality work for every client.
Step 2: Strike a Deal with the Right Service Provider
Our platform manages the database to maintain SOC 2 compliant controls with data security, information policy, and compliance requirements. Additional security features such as anomaly detection safeguard our professionals and customers. Many clients are open to outsourcing, especially when it leads to better service quality and efficiency.
Common Misconceptions Regarding Outsourced Tax Preparation Services
Everything from fees charged to non-billable hours all count when time is limited. Determine which returns and services can generate the most profit in-house, and consider outsourcing other tax prep work so that you can focus on those activities. We provide multiple solutions to maximize your ability to find relief during tax season.
On-demand, U.S.-based accountants to help increase your capacity and expedite your turnaround times. Set your business up for success with our free small business tax calculator.
With the time saved by eliminating preparation, you can concentrate on providing other value-added services to your clients. Outsourcing tax preparation is completely legal, provided that the provider complies with all relevant laws and regulations. Ensure that your chosen provider adheres to legal standards and industry best practices to avoid any compliance issues.
Aside from consent, cost is the only notable difference between offshore and onshore income tax outsourcing services. Many firms make the mistake of overestimating client resistance to 7216 consent and pay extra for their assumption. For most practices, there is no reason not to benefit from the cost savings of outsourcing income tax preparation offshore. Regular and efficient communication is a top priority for reputable outsourcing companies throughout the tax preparation process. In order to give you immediate access to the assigned tax professionals for updates, inquiries, and collaboration, they establish clear channels of communication. To keep you updated on the status of your clients’ tax returns, you may anticipate prompt responses, progress reports, and status updates.
You send us the data and we send you back a fully prepared 1040 return. OBS provides outsourced tax preparation services for Form 1040, 1040A, 1040EZ, 1040NR. We are updated with the latest tax laws and ensure that your return is accurate. Contrary to popular belief, data how to calculate inventory purchases security is robust, costs can be lower than in-house management, and you can maintain control through clear agreements. Outsourcing tax preparation shouldn’t have a negative effect on your interactions with your clients.
Some firms keep an onshore option on deck for an additional fee in the unlikely event that a client remains resistant. We take pride in our extensive software expertise, offering proficient support for various accounting software platforms. Our skilled team excels at navigating through a diverse range of accounting software, guaranteeing smooth integration and effective financial data management. Outsourcing tax preparation offers numerous benefits, including access to qualified professionals, enhanced data security, and up-to-date compliance with tax laws. By understanding the different models—such as the ad hoc or pay-as-you-go model and the dedicated resource model—you can choose an option that fits your business needs and budget.