These Pros have the experience and capability to facilitate any scope of work and can use the same software as your firm. When you outsource with us, your firm can breathe a sigh of relief during tax season. Outsourcing tax preparation does not imply a loss of days inventory on hand ratio monitoring or control.
Contact one of our product experts to ask questions or schedule a one-on-one demonstration. We verify each Pro to make sure their license is valid and in good standing. Taxfyle uses CPA Verify to verify each CPA that is in our network as well as the IRS’s publicly available list of EAs to verify their statuses. They vary in experience and specialty, but on average, they have approximately 12 years of experience. We make sure the Pros attached to your account are capable of handling your specific needs. Set your business up for success with our free small business tax calculator.
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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. Outsourcing is the practice of hiring a third party to handle work that would otherwise be done internally. When outsourcing income tax preparation, your firm flexes the preparation work to an external tax professional, who sends back a fully prepared 1040 return.
Security and Data Protection at OBS
One significant difference between offshore and onshore outsourcing is consent. Section 7216 mandates that taxpayers give consent before their 1040 tax information is disclosed to a third party outside of the United States. In 2014, new Section 7216 language went into effect that required more explicit disclosure. As a result, you’ll need a 7216 consent form signature from your clients before outsourcing their returns offshore. 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.
A reputable income tax outsourcing service will have clear and transparent documentation about their security protocols. Some firms keep an onshore option on deck for an additional fee in the unlikely event that a client remains resistant. Our tax preparers are seasoned professionals with 15+ years of expertise in tax regulations and accounting practices.
Security and data protection
A good outsourcing service offers a smooth, standardized workflow that makes their preparers feel like an extension of your own staff. Thanks to OBS, tax season is no longer a headache for our business. Their efficient and accurate tax preparation services have ensured that our tax returns are filed on time and without errors, allowing us to avoid costly penalties. It’s a common misconception that all tax outsourcing services are performed outside the United States and that firms only outsource for the offshore cost benefits. The reality is that some 1040 outsourcing services are performed onshore, others are offshore, and some vendors offer both options.
- We take pride in our extensive software expertise, offering proficient support for various accounting software platforms.
- It’s an economical option for firms that need a middle ground between full outsourcing and in-house services.
- Transparency and cooperation are guaranteed throughout the process thanks to lines of communication between your company and the outsourced provider.
- Our tax preparers are seasoned professionals with 15+ years of expertise in tax regulations and accounting practices.
- Contact our team to find out which of these solutions is right for you or learn more about 1040SCANverify.
- The first step is for OBS staff to login remotely into the tax software that our client is using through a secure encrypted link.
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. You can track the status of each outsourced return as SurePrep prepares it. With the time saved by eliminating preparation, you can concentrate on providing other value-added services to your clients. It’s time your accounting firm has access to relief from stress and bottlenecks during the busy season. From the ground up, our network of tax accountants is entirely composed of licensed CPAs and EAs.
We’re the outsourced solution accounting firms, wealth managers, and fintechs trust. As an accounting firm, we’ve partnered with Outsource Business solutions for clients’ tax preparation needs, and they’ve consistently delivered exceptional results. Your important clients trustyour firm when you take care of their tax returns. Maximize the value of your firm’s investments by leveraging Taxfyle’s domestic outsourcing service.
