Why CPA Firms Are Increasingly outsourcing Tax Preparation?
A lot of CPA firms believe that outsourcing specific tasks may merge their business and give them sufficient time to concentrate on more essential work. One of the popular tasks to outsource is tax return preparation , and large-scale CPA firms have been benefiting from low labor costs in India. Outsourcing a part of business, nevertheless has several difficulties and CPAs have had diversified success in making outsourcing give good results to them. The approach to tax preparation is relatively simple. CPA firms usually scan their client’s tax papers in PDF file that is stored in a network. Outsourcing companies after that upload the scanned documents, where they can easily be viewed by outsourcing workers. The tax return for these businesses is then prepared, delivered to the CPA firms, which evaluates their work. Reduced labour costs are among the significant drivers for outsourcing tax return preparation services . Apart from this, the fast turnaround time is also an addi...