Outsourced Tax Preparation Services for CPA Firms, Authorised Tax Agents & SMEs

Dealing with busy tax season is one of the major concerns for most of the CPA firms and accounting firms. They struggle with time constraints to cope up with deadlines and facing the issue of lower utilization of resources during offseason.

CapActix’s CPA Tax preparation services help CPA firms, Tax firms, and SMEs to deal with busy tax season and outsource their workload. Being your trusted outsource tax partner, our expert tax team manages tax preparation work with quick turnaround time. We assist you in federal and state tax preparation, processing and submitting returns to the revenue authority.

Why use Outsourced Tax Preparation Services

By outsourcing tax return preparation during condensed tax season, CPA & Accounting firms can be benefited in the following ways;

Increase tax return preparation turnaround time by more than 50%

Allow Accounting & CPA firms to focus on high value-added services such as Tax Planning and Advisory services which are more lucrative.

Increase recovery rate (i.e. Revenue/Employment cost of full-time employees) by avoiding hiring tax professional during busy tax season who remains more or less ideal during offseason.

Experienced outsourcing partners like CapActix not only prepare returns but also standardize and streamline workflow e.g. organizing work papers and supporting documents in digital folders so that it can be traced easily in the future.

In nutshell, Accounting & CPA firms can offer better client service and increase efficiency with lower staff cost which ultimately increases a firm’s profitability.

Our CPA Tax Preparation Outsourcing Process

We start with receiving all the information, documents, current year’s tax organizers and financial statements from the client via a secured file sharing portal. On receiving information, we first check the previous year’s return (if any) to re-confirm on completeness of the information and take note of carrying forward balances if any. Before start entering data into the tax software, we analyze and double-check the balance sheet, profit & loss statement and other relevant data received from the client for 3C’s i.e. Correctness, Consistency & Completeness so that apparent mismatch can be identified and corrected before commencing return preparation process. After satisfying on the accuracy of the details received we login into the client’s system and tax software and then give a treatment of all items into the tax software including deductions, credits, carry forward balances etc. Lastly, we submit Tax Return and Computation’s 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.