High levels of precision and a detailed and up-to-date knowledge of continually changing tax regulations, is essential for CPAs wanting to provide their clients with the very best tax preparation and planning services. However, during times of intense pressure and strain, such as tax season, resources are typically pushed to their limits as deadlines loom, and overworked CPAs struggle to meet demand.

It’s at times like this when many CPAs turn to professional third parties, such as outsourced tax preparation services, to help them ease the pressure, relieve the burden, and meet all client demands with efficiency and compliance.

Transforming such costs as fixed overheads, into variable ones, outsourced tax preparation provides stretched CPAs with the financial flexibility required, not only to keep their clients satisfied, but to attract more, too.

Under normal conditions, seeking to increase their client base at such a time as tax season, would be unthinkable for smaller CPA firms, but outsourcing gives them the opportunity not just to meet ends meet, but to actually scale up.

Here are just some of the ways in which outsourced tax preparation services could give CPAs a strategic advantage:

Reducing costs

Firms who choose to outsource some, or all of their tax preparation and planning tasks, can bypass the kind of expenses typically associated with the hiring of full-time in-house staff, such as salaries, training and benefits.

The outsourcing model enables CPAs to more effectively manage their costs, and align their expenses with the demands of their clients.

Improving efficiency

The expertise that professional outsourcing partners provide CPAs with, as well as the technology they have access to (that you haven’t had to invest in), can give CPAs the chance to handle workloads of a much higher volume, without the kind of inefficiencies they would normally be plagued with.

During peak tax season when demand intensifies, this can prove especially beneficial.

Enhancing accuracy and compliance

Specializing in tax services as outsourcing partners do, gives them a level of precision and accuracy that many overburdened CPAs simply aren’t able to achieve. By ensuring that they’re consistently updated with all changes to tax laws and regulations, and are always making use of the latest technology within the industry, they can significantly reduce (if not eliminate) the risk of errors and keep clients in line with changing tax regulations, at all times.

Providing access to expertise

It’s not uncommon for outsourced tax preparation service providers to have specialists in their teams, who are experts in the many different facets of corporate tax, such as niche areas of tax law and international tax issues.

CPAs can gain access to this breadth of knowledge and expertise, without having had to train any of their own team members, which can prove costly and time consuming.  

With the help of expert tax outsourcing services, CPAs can gain a strategic advantage and provide clients with an enhanced level of dependable service, while they themselves can focus on tasks of a higher value, such as business development and client advisory.

With the right tax outsourcing partner, CPAs can become more efficient, lower their costs, and meet client demand with ease and professionalism.