Tax Preparation Outsourcing: Streamlining Your Business’s Financial Success Crowne Tax and Accounting- Tax Strategies

tax preparation outsourcing

After several formal and informal meetings later, you will be able to get a complete understanding of the scope of your project and thoroughly discuss the specifics of procedures and processes. Our advanced OCR software extracts data from tax documents like W-2s, 1099s, etc. and our expert staff verify the information. Your firm receives fully organized workpapers and clean data that is ready for export to tax software. This service eliminates up to 80% of the work for just 20% the cost of full preparation outsourcing. Our verified reviews highlight why 1040SCANverify is SurePrep’s most popular and fastest-growing option.1040SCANverify is our most popular and fastest-growing option.

tax preparation outsourcing

It is vital to have a clear purpose and establish goals and benefits explicitly. 1040SCANverify is available as an alternative to full outsourced tax return preparation services and offers 80% of the work for 20% of the cost. Contact our team to find out which of these solutions is right for you or learn more about 1040SCANverify. We understand the critical nature of deadlines in tax work, and our processes are designed to deliver your requirements promptly.

QXAS has been in the tax outsourcing business for several years and has kept in step with changing tax legislation. We also adhere to stringent SLAs and high-quality standards when it comes to data security. SurePrep offers both onshore and offshore outsourced tax preparations services. Our preparers in California and India are SurePrep employees who undergo the same rigorous training. Both onshore and offshore offices follow strict security protocols, including monitored premises, locked terminals, no-cellphone policies, and employee background checks.

Our onshore facility is located in Irvine, California and our offshore facility is located in Mumbai, India. Both locations are owned by SurePrep and staffed by SurePrep employees who adhere to the same training requirements and strict security protocols. Whether you choose onshore or offshore, you’ll enjoy the same turnaround time and high accuracy.

Tax planning & preparation

Not all accounting firms have the capacity or skill set to handle the mountains of tasks coming their way during the year’s busiest period. Outsourcing such key functions help CPA firms get more time to focus on core business functions. Given the complexity and tediousness of tax preparation tasks, outsourcing is the best option.

Compared to data entry, OCR verification takes a fraction of the time, but it still pulls preparers away from value-added work. Outsourcing verification in conjunction with an effective scan-and-populate solution can eliminate as much as 80% of the preparation work for roughly 20% of what a full-preparation service would cost. It’s an economical option for firms that need a middle ground between full outsourcing and in-house services.

Outsourced Tax Preparation Services to Build Redundancy and Growth

Lastly, we submit Tax Returns and Computation PDF files to clients for their review with our comments, observation, and queries. Upon receiving confirmation from the client, we make all required corrections, and then the return is filed. 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. QX prides itself on delivering tax return preparation services that are both accurate and timely.

  1. As we approach 2024, CPAs and accounting firms are actively seeking ways to tackle the intensifying demand for tax return preparation.
  2. Yes, QX is equipped to manage both individual and business tax return outsourcing.
  3. SurePrep’s outsourced tax preparation services can help your firm prepare more returns without adding staff.
  4. Correctness, Consistency & Completeness so that the apparent mismatch can be identified and corrected before commencing return preparation process.

All SurePrep outsourcing staff are required to complete a comprehensive 10-week training program. The training consists of classroom sessions, group discussions, and testing. Staff must periodically complete refresher programs to stay up to date with changing policies and procedures. This guide aims to make the tax season more productive for CPAs, EAs and other accounting professionals. Do your research, analyze your competitors, check out testimonials, and look for the above traits while shortlisting a reputed outsourcing partner for your CPA firm. Follow every outsourced return through each step of the process with our best-in-breed workflow solution, so you know the status and expected delivery date of each return.

Outsourced tax preparation services can provide accounting firms with myriad benefits. But just like every other option you have, you should do your research before signing up for a partnership with a third-party service provider. You must know the advantages and disadvantages of outsourcing tax preparation services to make an informed decision. CPAs and accounting firms looking to breeze through the unavoidable tax season will benefit enormously from a third-party service provider. But it would help if you took care of data security, tax preparation, accounting expertise, flexible engagement models, pricing, and advanced infrastructure for a successful tax season.


The tax season remains one of the busiest stretches of the year, and accountants are hunkering down to meet tight deadlines and ensure client confidentiality. Suppose you haven’t introduced yourself to tax preparation outsourcing before the upcoming tax season. In that case, you might miss out and take up extra work that you don’t need anymore. For a successful outsourcing relationship, you should consider involving the board, and they must be aware of the benefits of outsourcing tax preparation. Partner with a trusted service provider for tax return preparation outsourcing and steer your CPA firm toward a more streamlined, efficient, and profitable tax season. We’re the go-to Tax Preparers that knows all the nitty-gritty of US tax rules and stays up-to-date with IRS changes.

Understanding Tax Preparation Outsourcing

Consider working with a firm that specializes in tax preparation and has experience serving businesses in your industry. Firms of all sizes understand the hectic and stressful nature of tax season. Outsourcing even a portion of your tax preparation workload can help make peak season more manageable. Our staff uses the same tax software as your firm, so you can jump right into review as if your own staff prepared the return. Most outsourcing vendors have full preparation as their only level of service, but select vendors offer partial outsourcing for OCR data verification only. It’s standard best practice to verify OCR data for accuracy after scanning tax documents.

Working long hours and wading through piles of files becomes your daily routine. Outsourced tax return preparation can help tackle this challenge, but only if you have a strategy to help you make the most out of it. In the ideal outsourcing partnership, you and the outsourcing service provider share a similar vision and contribute equally to the project’s success.

Utilize Xpitax and stop worrying about seasonal staff; hire, train, and retain experienced tax staff and managers as W2 employees who support your firms goals and priorities. Ensure that the outsourcing firm adheres to relevant tax laws and regulations. They should have systems in place to maintain compliance and should be willing to take responsibility for any errors or penalties resulting from their work. Understanding the potential transition risks and mitigation strategies for these different options is a crucial first step in making staffing and process changes to achieve your organization’s goals. The following are some key areas of focus and specific considerations for limiting types of transition risk.

During the busy tax season, CPAs put in unimaginable hours to guarantee that their client’s tax returns are filed before the deadline. Outsourcing helps CPA firms strike the perfect professional and personal balance and cope with tax time stress. Having access to additional resources on your side can prevent the internal team from getting overworked.

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