Tax Returns For CPA’s & Enrolled Agents

Do you know that you can save over 70% of your business cost by outsourcing your accounting and tax services? This means you can inevitably save your money, time and resources by outsourcing your accounting and taxation work.

In fact, today many large-scale CPA firms and enrolled agents are looking abroad to outsource their specific accounting and tax tasks in the hope to consolidate their business and liberate time to concentrate on more essential work.

Besides cost saving, another benefit of outsourcing to India is quick turnaround time and hassle-free operations. Since the difference in the time zone between India and USA is a minimum of 10 hours, CPA firms and enrolled agents have a huge advantage of time. The accounting and tax returns work can be done overnight and delivered the next morning owing to this time difference.

Benefits Of Tax Return Outsourcing

Cost-Effective

You can save up to 60% of your cost by outsourcing tax return preparation to India. The exchange rate difference results in a substantial reduction in the cost of getting the work done while also maintaining the quality. Besides, the cost of hiring a tax expert is significantly less in India compared to other countries. Furthermore, with outsourcing, you get access to the latest technology and tools without incurring any in-house costs. The reduced cost ensures increased profit margins and a significant marketing advantage to acquire new clients.

Fast Turnaround

Compared to managing returns single handedly, outsourced tax prep offers the biggest advantage of the quick turnaround as outsourcing services are usually offered by service providers who work in different time zones. This means tax files given by a client from the United States in the evening can be quickly downloaded, analysed and completed by an Indian outsourcing firm like Blyvon by the next morning. Quick turnaround is especially beneficial during peak tax season.

Improves Efficiency and Productivity

Tax return season is often exhausting for employees of accounting firms and CPA firms which can lead to reduced efficiency and productivity. When you hire an outsourced tax firm, this concern can be completely eliminated. The entire headache of tracking deadlines, preparing tax returns, filing returns, etc. is shifted from your employees to outsource firm.As a result,your employees can continue to focus on their core competencies rather than getting exhausted by work overload.

More Focus on Important Tasks

Outsourcing tax preparation to India enables you to free up your time and energy from preparing clients’ tax returns and meeting deadlines and focus more on the core revenue-generating activities. It empowers you to concentrate on tasks that generate higher value, thereby enhancing productivity and establishing better client relations.

Better Document Management

Tax preparation, especially for a US tax prepare, often involves significant paperwork, which can become challenging to handle, increasing the risk of document misplacement. However, when you outsource tax preparation work, all the information and data are exchanged electronically through secure, cloud-based accounting software. This data transmission is well encrypted and protected by firewalls to ensure its security and safety, significantly reducing the chances of document misplacement.

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